Canada Federal and Provincial Taxes Rates

Canada’s tax system involves both federal and provincial/territorial taxes. Here’s a summary of the provincial income tax rates across Canada for the 2024 tax year:

Federal Tax Rates (2024)

• 15% on the first $55,292
• 20.5% on the next $55,293 (up to $110,585)
• 26% on the next $61,127 (up to $171,712)
• 29.32% on the next $67,698 (up to $239,410)
• 33% on the portion over $239,410

Provincial Tax Rates (2024)

Alberta

• 10% on the first $142,292
• 12% on the next $26,637 (up to $168,929)
• 13% on the next $53,274 (up to $222,203)
• 14% on the next $106,270 (up to $328,473)
• 15% on the portion over $328,473

British Columbia

• 5.06% on the first $47,630
• 7.7% on the next $47,629 (up to $95,259)
• 10.5% on the next $13,091 (up to $108,350)
• 12.29% on the next $19,421 (up to $127,771)
• 14.7% on the next $48,535 (up to $176,306)
• 16.8% on the portion over $176,306

Manitoba

• 10.8% on the first $38,211
• 12.75% on the next $38,211 (up to $76,422)
• 17.4% on the portion over $76,422

New Brunswick

• 9.68% on the first $48,436
• 14.82% on the next $48,435 (up to $96,871)
• 16.52% on the next $15,709 (up to $112,580)
• 17.84% on the next $20,589 (up to $133,169)
• 21% on the portion over $133,169

Newfoundland and Labrador

• 8.7% on the first $41,457
• 14.5% on the next $41,457 (up to $82,914)
• 15.8% on the next $46,912 (up to $129,826)
• 17.3% on the next $47,622 (up to $177,448)
• 18.3% on the next $53,764 (up to $231,212)
• 19.8% on the portion over $231,212

Northwest Territories

• 5.9% on the first $48,326
• 8.6% on the next $48,325 (up to $96,651)
• 12.2% on the next $60,443 (up to $157,094)
• 14.05% on the portion over $157,094

Nova Scotia

• 8.79% on the first $30,000
• 14.95% on the next $30,000 (up to $60,000)
• 16.67% on the next $18,000 (up to $78,000)
• 17.5% on the next $42,000 (up to $120,000)
• 21% on the portion over $120,000

Nunavut

• 4% on the first $50,448
• 7% on the next $50,448 (up to $100,896)
• 9% on the next $50,723 (up to $151,619)
• 11.5% on the portion over $151,619

Ontario

• 5.05% on the first $49,231
• 9.15% on the next $49,231 (up to $98,462)
• 11.16% on the next $13,189 (up to $111,651)
• 12.16% on the next $22,162 (up to $133,813)
• 13.16% on the portion over $133,813

Prince Edward Island

• 9.8% on the first $34,000
• 13.8% on the next $34,000 (up to $68,000)
• 16.7% on the portion over $68,000

Québec

• 15% on the first $49,275
• 20% on the next $49,275 (up to $98,550)
• 24% on the next $21,665 (up to $120,215)
• 25.75% on the portion over $120,215

Saskatchewan

• 10.5% on the first $49,720
• 12.5% on the next $49,720 (up to $99,440)
• 14.5% on the portion over $99,440

Yukon

• 6.4% on the first $53,359
• 9% on the next $53,358 (up to $106,717)
• 10.9% on the next $56,899 (up to $163,616)
• 12.8% on the next $106,372 (up to $269,988)
• 15% on the portion over $269,988

Key Points

1. Progressive System: Both federal and provincial/territorial rates are progressive, meaning rates increase with income.
2. Variation: There is significant variation among provinces and territories.
3. Combined Rates: Effective tax rates can be calculated by combining federal and provincial/territorial rates.

Note: Income thresholds and rates may be indexed annually for inflation or changed through government policy. Always consult the latest information or a tax professional for specific advice.