Please access the web page using another browser. Tax RatesDate RangeTax RateJanu December 31, 20224.85 or. Revised: JanuThe browser does not support JavaScript. 2025 tax year (1 March 2024 28 February 2025) 21 February 2024 No changes from last year. To see tax rates from 2014/5, see the Archive Tax Rates webpage. Since the minimum and maximum amounts are being indexed at the same rate forĢ024 and later years, the marginal tax rate for the 4th tax bracket will remain On this page you will see Individuals’ tax table, as well as the Tax Rebates and Tax Thresholds scroll down. Marginal tax rates in blue above have been adjusted to reflect these changes.The table of marginal tax rates assume that line 23600 net income is equal to taxableįor 2024, the marginal rate for $173,205 to $246,752 is 29.32% because of theĪbove-noted personal amount reduction through this tax bracket. The minimum and maximum personal amounts for 2024 are indexed from the 2023 For incomes above this threshold, the additionalĪmount of $1,479 is reduced until it becomes zero at net income of $235,675. for 2023: from $13,521 to $15,000 for taxpayers with net income For incomes above this threshold, the additionalĪmount of $1,549 is reduced until it becomes zero at net income of $246,752. for 2024: from $14,156 to $15,705 for taxpayers with net income Gross-up rate for eligible dividends is 38%, and for non-eligible dividends isĬopyright © 2002 Boat Harbour Investments Ltd. Marginal tax rate for capital gains is a % of total capital gains Marginal tax rate for dividends is a % of actualĭividends received (not grossed-up taxable amount). Rates in the Basic Tax Calculator or the Detailed Tax Calculators. Understanding the Tables of Personal Income Tax Rates,Įspecially if you are trying to compare the rates below to the marginal tax If you are not a resident of Canada, see Who In order to determine the total tax rate paid in your province or territory, see the combined marginal tax rates for your The federal indexation factors, tax brackets and tax rates for 2024 have You would have paid just 10 on your income up to 9,950 that year, then 12 on your income from 9,951 up to 40,525. But you wouldnt have paid 22 on the entire 50,000. Of the Personal Income Tax System for how the indexation factors are The 50,000 in the taxable earnings example would have put you in the 22 tax bracket as a single filer in tax year 2021. 117, 117.1, 121Īnd personal tax credit amounts are increased for 2024 by an indexation factor of The AMT is levied at two rates: 26 percent and 28 percent. Marginal Tax Rates -> Canada Personal Income Tax Brackets and TaxĢ0 Tax Rates & Tax Brackets Income Tax Act s.
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