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.

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Business Information

If you cannot find an answer to a question about your payroll requirements or need assistance using the calculator, call Business Enquiries at 1-800-959-5525.


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Date modified:
2025-06-18