Bill 39 was introduced on March 10, 2025. The Bill includes changes to personal income tax in 2025. A new personal income tax bracket of eight per cent applies to the first $60,000 of income was introduced, effective January 1, 2025. For the first half of the year, income was taxed at 10%. In order to achieve the 8% for 2025, for the second half of the year, the prorated rate will be 6% |