2024 Tax Brackets Canada Over 65. The standard deduction for those over age 65 in tax year 2023 (filing in 2024) is $15,700 for singles, $29,200 for married filing jointly if only one partner is over 65 (or $30,700. This tax credit is available to individuals who are, at the end of the taxation year, aged 65 or older.

Claim this amount if you were 65 years of age or older on december 31, 2023, and your net income (line 23600 of your return) is less than $98,309. The basic personal amount for 2024 is $12,580, up from $11,981 in 2023.