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
- Progressive System: Both federal and provincial/territorial rates are progressive, meaning rates increase with income.
- Variation: There is significant variation among provinces and territories.
- 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.