Federal Tax
|
2024 |
15% on the first $55,867 of taxable income + |
20.5% on the portion of taxable income over $55,867 up to $111,733 + |
26% on the portion of taxable income over $111,733 up to $173,205 + |
29% on the portion of taxable income over $173,205 up to $246,752 + |
33% of taxable income over $246,752 |
|
2023 |
15% on the first $53,359 of taxable income + |
20.5% on the portion of taxable income over $53,359 up to $106,717 + |
26% on the portion of taxable income over $106,717 up to $165,430 + |
29% on the portion of taxable income over $165,430 up to $235,675 + |
33% of taxable income over $235,675 |
Provincial Tax
|
2024 |
10% on the first $148,269 of taxable income + |
12% from $148,269 to $177,922 + |
13% from $177,922 to $237,230 + |
14% from $237,230 to $355,845 + |
15% on taxable income above $355,845 |
|
2023 |
10% on the first $142,292 of taxable income + |
12% from $142,292 to $170,751 + |
13% from $170,751 to $227,668 + |
14% from $227,668 to $341,502 + |
15% on taxable income above $341,502 |