Personal Tax Rates

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