Tax time is right around the corner in Canada, and if you're starting to get things in order to file your 2025 return, you're probably wondering just how much income tax you'll end up paying this year. Tax brackets in Canada operate on a progressive system, which means you get taxed at different rates that increase as your income does. And it's not just the federal government taking a slice — each province and territory has its own income tax brackets and rates too, and those can vary a lot.