Federal and Provincial Tax Rate Changes
July 8, 2025
Starting in July 2025, the Government of Canada, along with the provinces of Alberta, Manitoba, Nova Scotia, Prince Edward Island, and Saskatchewan, will make changes to certain income tax rates and thresholds.
These changes may affect the amount of tax deducted from your pension, impacting your net pension payment starting July 2025. There’s no action required on your part. Any adjustments will be made automatically.