Federal tax rates
2024 Federal Canada’s Income Tax Brackets were as follows:
2024 federal tax bracket rates and income thresholds
- 15% up to $55,867 of taxable income.
- 20.5% between $55,867 and $111,733.
- 26% between $111,733 and $173,205.
- 29% between $173,205 up to $246,752.
- 33% on any taxable income exceeding $246,752.
2023 federal tax bracket rates
- 15% up to $53,359 of taxable income.
- 20.5% between $53,359 and $106,717.
- 26% between $106,717 and $165,430.
- 29% between $165,430 up to $235,675.
- 33% on any amount taxable income exceeding $235,675.
2019 Federal Canada’s Income Tax Brackets were as follows:
- 15% on the first $47,630 of taxable income, plus
- 20.5% on the next $47,629 of taxable income (on the portion of taxable income over 47,630 up to $95,259),plus
- 26% on the next $52,408 of taxable income (on the portion of taxable income over $95,259 up to $147,667),plus
- 29% on the next $62,704 of taxable income (on the portion of taxable income over 147,667 up to $210,371), plus
- 33% of taxable income over $210,371
2018 Federal Canada’s Income Tax Brackets were as follows:
- 15 percent on your first $45,282 of taxable income;
- 20.5 percent on your next $45,281 of taxable income, that is, on the portion of your taxable income over $45,282 up to $90,563;
- 26 percent on the next $49,825 of taxable income, that is, on the portion of your taxable income over $90,563 up to $140,388;
- 29 percent on the next $59,612 of taxable income, that is, on the portion of your taxable income over $140,388 up to $200,000
- 33 percent of taxable income over $200,000.
Canadian income tax rates for Individuals – current and previous years
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.