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$32,490

The is up from $31,560 in 2024. Clay Jarvis, NerdWallet Canada spokesperson and personal finance expert, says a slight rise in the limit won’t do much for the average Canadian, “but being able to sock away an extra several hundred dollars for retirement is never a bad thing.” 

$7,000

The for 2025 remains unchanged from 2024.

“The TFSA limit may not be rising, but $7,000 is still a significant amount for most Canadians to invest in a single year,” says Jarvis. “But even taking partial advantage of your TFSA limit can generate returns that positively affect your finances.” 

2.7 per cent

The  is down from 4.7 per cent in 2024.

This factor is used to determine tax bracket increases from year to year, as well as old age security entitlement and pensions indexed annually or quarterly, says Jason Heath, managing director at Objective Financial Partners in Toronto.

“The inflation adjustment for 2025 will nudge tax brackets higher, offering protection against bracket creep: a pesky phenomenon where cost-of-living raises tip you into a higher tax bracket without any meaningful improvement to purchasing power,” says Shannon Terrell, NerdWallet Canada spokesperson and personal finance expert.

She adds that government programs, like the Canada Child Benefit, will also see modest increases, which could leave families feeling pinched as the cost of living remains elevated.

5.95 per cent

Your remains unchanged from 2024.

Terrell says this reflects a rare moment of financial predictability in a year of shifting tax and benefit numbers.

“However, with wages rising modestly,” says Terrell, “many will still see a slightly higher deduction in total dollars by year-end, thanks to a higher maximum pensionable earnings ceiling that continues to ascend with inflation.” 

1.64 per cent

�ճ����, is down slightly from 1.66 per cent in 2024.

“It’s the price of shoring up a robust social safety net,” says Terrell, “and Canadians will need to factor these deductions into their 2025 household budgets and potentially find places to trim elsewhere.” 

$93,454

The for the 2025 income year is up from $90,997 in 2024.

If you receive OAS, your OAS will be reduced this year if your taxable income exceeds $93,454. As an example, an Ontario resident earning $115,000 a year would have a marginal tax rate of 43 per cent and pay 43 per cent on their last dollar of income.

Heath says if this individual also received OAS, they would pay an extra 15 per cent in tax.

“It would be like 58 per cent tax on that person’s last dollar of income.”