Income tax rates and brackets

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 2015 (Click here for income tax rates and brackets for 2014).

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                 Federal tax rates for 2015

Income Tax Bracket Income tax Rate
0 - $44,701 15%
$44,701.01 - $89,401 22%
$89,401.01 - $138,586 26%
$138,586.01 and up 29%

 

Provincial/territorial tax rates and brackets for 2015

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 rates and brackets

Manitoba income tax rates and brackets

New Brunswick income tax rates and brackets

Newfoundland and Labrador income tax rates and brackets

Northwest Territories income tax rates and brackets

Nova Scotia income tax rates and brackets

Nunavut income tax rates and brackets

Ontario income tax rates and brackets

Prince Edward Island income tax rates and brackets

Quebec income tax rates and brackets

Saskatchewan income tax rates and brackets

Yukon income tax rates and brackets

 

Current | 2014 | 2013 | 2012

Additional information