Ocean Mist

Posted by Tax Consultants

Federal tax rates 2014/2015

Canadian income tax rates for Individuals – current and previous yearstax burden

Federal tax rates for 2015

  • 15% on the first $44,701 of taxable income, +
  • 22% on the next $44,700 of taxable income (on the portion of taxable income over $44,701 up to $89,401), +
  • 26% on the next $49,185 of taxable income (on the portion of taxable income over $89,401 up to $138,586), +
  • 29% of taxable income over $138,586.

Federal tax rates for 2014

  • 15% on the first $43,953 of taxable income, +
  • 22% on the next $43,954 of taxable income (over $43,953 up to $87,907), +
  • 26% on the next $48,363 of taxable income (over $87,907 up to $136,270), +
  • 29% of taxable income over $136,270.