Federal Tax Chart For 2025. The $250 cheques will cost about $4.68 billion, a finance official told cbc news. In 2025, the income limits for all tax brackets and all filers will be adjusted for inflation and will be as follows (table 1).

For tax year 2025, which applies to taxes filed in 2026, there are seven federal tax brackets with income tax rates of 10%, 12%, 22%, 24%, 32%, 35%, and 37%. Your bracket depends on your taxable income and filing status.