Much Is The Standard Deduction For 2024 In Canada. Your tax rate will vary by how much income you declare at the end of the year on your t1 general income tax return and where you live in canada. Additional tax considerations for small businesses in 2024 small business deduction.
Employee and employer cpp2 contribution rate: Earnings between $68,500 and $73,200 will be subject to additional cpp contributions, known as cpp2.