Canada’s 2025 payroll deductions formulas, including federal and provincial income tax brackets, were released Nov. 15 by the Canada Revenue Agency.
Federal-level changes include that the additional maximum pensionable earnings for Canada Pension Plan and Quebec Pension Plan are about 14% higher than the standard maximum pensionable earnings in 2025 and later, up from 7% higher in 2024, the CRA said in Guide T4127, Payroll Deductions Formulas. The additional maximum pensionable earnings are the same for both the CPP and QPP and are C$81,200 in 2025, up from C$73,200 in 2024. Federal tax rates continue to range from 15% ...
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