Income tax rates and brackets 2014

Tax brackets are the amount of income that is subject to specific income tax rate. The income means the taxable income that is after you take off allowable deductions from your total income. Here are the income tax rates and brackets for 2014.

 Get your take done by a professional without leaving your home! How?

                 Federal tax rates for 2014

Income Tax Bracket Income tax Rate
0 - $43,953 15%
$43,953.01 - $87,907 22%
$87,907.01 - $136,270 26%
$136,270.01 and up 29%

 

Provincial/territorial tax rates and brackets for 2014

Tax for all provinces and territories is calculated the same way as federal tax. Form 428 is used to calculate this provincial or territorial tax (except Quebec).

Alberta: 10% of taxable income

British Columbia income tax rates and brackets 2014

Manitoba Income tax rates and brackets 2014

New Brunswick income tax rates and brackets 2014

Newfoundland and Labrador income tax rates and brackets 2014

Northwest Territories income tax rates and brackets 2014

Nova Scotia income tax rates and brackets 2014

Nunavut income tax rates and brackets 2014

Ontario income tax rates and brackets 2014

Prince Edward Island income tax rates and brackets 2014

Quebec income tax rates and brackets 2014

Saskatchewan income tax rates and brackets 2014

Yukon income tax rates and brackets 2014

 

Current |2014 | 2013 | 2012

Additional information