Standard Deduction For 2024 For Seniors In Canada. If you are 65 or older and blind, the extra standard deduction is: The annual $250,000 threshold will not be prorated for 2024 and will apply only in respect of net capital gains realized on or after june 25, 2024.

This figure also subtracts the. Your taxable income is your income after various deductions, credits, and exemptions have been applied.