T4127 Payroll Deductions Formulas
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T4127 Payroll Deductions Formulas
Change in individual income tax rate
The Government of Canada has tabled legislation proposing to reduce the lowest income tax rate effective July 1, 2025. For more information: Government tables a Motion to bring down costs for Canadians.
The T4127 Payroll Deductions Formulas has been revised to reflect this change.
Topics for T4127
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- Date modified:
- 2025-06-18