Ocean Mist

Posted by Tax Consultants

Federal tax rates 2018

Federal Personal Income Tax Brackets and Tax Rates
2018 Taxable Income 2018 Marginal Tax Rates 2017 Taxable Income 2017 Marginal Tax Rates
Other
Income
Capital
Gains
Canadian Dividends Other
Income
Capital
Gains
Canadian Dividends
Eligible Non-Eligible Eligible Non-Eligible
Up to $46,605 15.0% 7.50% -0.03% 5.77%  Up to $45,916 15.0% 7.50% -0.03% 5.24%
over $46,605 up to $93,208 20.5% 10.25% 7.56% 12.15% over $45,916 up to $91,831 20.5% 10.25% 7.56% 11.67%
over $93,208 up to $144,489 26.0% 13.00% 15.15% 18.53% over $91,831 up to $142,353 26.0% 13.00% 15.15% 18.11%
over $144,489 up to $205,842 29.0% 14.50% 19.29% 22.01% over $142,353 up to $202,800 29.0% 14.50% 19.29% 21.62%
over $205,842 33.0% 16.50% 24.81% 26.65% over $202,800 33.0% 16.50% 24.81% 26.30%
 

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.