Updated 2025 tax rate cards available

July 16, 2025

All 2025 tax rate cards have been updated to reflect the most recent changes.

 This includes:  

  • The 14.5% federal tax rate (previously 15.0%) now applies across all provinces and territories for 2025. This change affects rates up to the $57,375 marginal tax rate (MTR) bracket.  
  • Nova Scotia: Lowered the non-eligible dividend tax credit (DTC) and therefore all non-eligible dividends have slightly changed.  
  • Saskatchewan: Not going ahead with some tax changes they were planning. Specifically:  
    • They won't be increasing the Small Business Deduction limit on July 1, as they had originally planned. References to this have been removed.  
    • They won't be changing the DTC, planned to start on July 1. Therefore, the non-eligible dividend rates have been changed.  
  • “Last updated date” is set for May 27, to reflect when the Notice of Ways and Means Motion was tabled by the Federal government.  

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