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 · Your tax rate will vary by how much income you declare at the end of the year on your T1 General Income Tax Return and where you live in Canada. Importantly, your provincial or territorial rate is determined by the province/territory you …

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.

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.

All provinces and territories compute income tax using 'tax-on-income' systems (i.e. they set their own rates, brackets, and credits). All except Quebec use the federal definition of taxable income. The following table shows the top 2024 provincial/territorial tax rates and surtaxes.

Jan 17, 2025 · Here are the federal and provincial income tax brackets for the 2024 tax year. Find tips on how you can estimate your taxes based on your top bracket.

Dec 31, 2024 · Tax rates are continuously changing. Get the latest rates from KPMG’s personal tax tables.

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

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. 2024 federal tax bracket rates and income thresholds. 15% up to $55,867 of taxable income; 20.5% between $55,867 and $111,733; 26% between $111,733 and $173,205