Information on income tax rates in Canada including federal rates and those rates specific to provinces and territories.

TaxTips.ca - Canada's 2024 & 2025 Personal income tax brackets and tax rates for eligible and non-eligible dividends, capital gains, and other income.

Dec 10, 2024 · Federal Tax Bracket Rates for 2024. According to the Canada Revenue Agency (CRA, these are the federal tax rates for tax year 2024: 15% on the first $55,867 of taxable income. 20.5% on taxable income over $55,867 up to $111,733. 26% on taxable income over $111,733 up to $173,205. 29% on taxable income over $173,205 up to $246,752. 33% on any ...

Information for individuals and businesses on rates such as federal and provincial/territorial tax rates, prescribed interest rates, EI rates, corporation tax rates, excise tax rates, and more.

Nov 12, 2024 · Within Canada’s tax system, there are five federal tax brackets, each with its own rate. You also pay taxes to the provincial or territorial government where you live, and each has its own...

Choose your province or territory below to see the combined Federal & Provincial/Territorial marginal tax rates for each tax bracket. Each year we calculate the indexed tax brackets and personal tax credits amounts once the Statistics Canada Consumer Price Index report for September is published.

Jan 17, 2025 · Canada uses a progressive or graduated tax system that taxes higher levels of income at progressively higher rates. The brackets help determine how much money you need to pay the Canada Revenue...

We’ve gathered the updated tax brackets for 2024, along with an easy-to-understand overview of the Canadian tax system to help you prepare and plan for future tax filings. For tax bracket rates for all other provinces and territories, please scroll down for the full list below.

Jan 14, 2025 · The 2025 tax rate card includes combined federal and provincial marginal tax rates and brackets by taxable income source, plus some of the most common non-refundable tax credits, EI and CPP/QPP contribution amounts, and OAS and CPP payment amounts.

TaxTips.ca - Canada's 2023 & 2024 Personal income tax brackets and tax rates for eligible and non-eligible dividends, capital gains, and other income.