2024 Income Tax Rates

income tax rates for individuals

Federal Income Tax Rates

2024 Tax Bracket Tax Rate
$55,867 or less 15.0%
$55,867.01 to $111,733 20.5%
$111,733.01 to $173,205 26.0%
$173,205.01 to $246,752 29.0%
Above $246,752.01 33.0%

Alberta Income Tax Rates

2024 Tax Bracket Tax Rate
$148,269 or less 10.0%
$148,269 to $177,922 12.0%
$177,922 to $237,230 13.0%
$237,230 to $355,845 14.0%
Above $355,845 15.0%

British Columbia Income Tax Rates

2024 Tax Bracket Tax Rate
$47,937 or less 5.06%
$47,937 to $95,875 7.70%
$95,875 to $110,076 10.5%
$110,076 to $133,664 12.29%
$133,664 to $181,232 14.70%
$181,232 to $252,752 16.80%
Above $252,752 20.50%

Manitoba Income Tax Rates

2024 Tax Bracket Tax Rate
$47,000 or less 10.80%
$47,000 to $100,000 12.75%
Above $100,000 17.40%

New Brunswick Income Tax Rates

2024 Tax Bracket Tax Rate
$49,958 or less 9.40%
$49,958 to $99,916 14.00%
$99,916 to $185,064 16.00%
Above $185,064 19.50%

Newfoundland and Labrador Income Tax Rates

2024 Tax Bracket Tax Rate
$43,198 or less 8.70%
$43,198 to $86,395 14.50%
$86,395 to $154,244 15.80%
$154,244 to $215,9434 17.80%
$215,943 to $275,870 19.80%
$275,870 to $551,739 20.80%
$551,739 to $1,103,478 21.30%
Above $1,103,478 21.80%

Northwest Territories Income Tax Rates

2024 Tax Bracket Tax Rate
$50,597 or less 5.90%
$50,597 to $101,198 8.60%
$101,198 to $164,525 12.20%
Above $164,525 14.05%

Nunavut Income Tax Rates

2024 Tax Bracket Tax Rate
$53,268 or less 4.00%
$53,268 to $106,537 7.00%
$106,537 to $173,205 9.00%
Above $173,205 11.50%

Ontario Income Tax Rates

2024 Tax Bracket Tax Rate
$51,446 or less 5.05%
$51,446 to $102,894 9.15%
$102,894 to $150,000 11.16%
$150,000 to $220,000 12.16%
Above $220,000 13.16%

Prince Edward Island Income Tax Rates

2024 Tax Bracket Tax Rate
$32,656 or less 9.65%
$32,656 to $64,313 13.63%
$64,313 to $105,000 16.65%
$105,000 to $140,000 18.00%
Above $140,000 18.75%

Quebec Income Tax Rates

2024 Tax Bracket Tax Rate
$51,780 or less 14.00%
$51,780 to $103,545 19.00%
$103,545 to $126,000 24.00%
Above $126,000 25.75%

Saskatchewan Income Tax Rates

2024 Tax Bracket Tax Rate
$52,057 or less 10.50%
$52,057 to $148,734 12.50%
Above $148,734 14.50%

Yukon Income Tax Rates

2024 Tax Bracket Tax Rate
$55,867 or less 6.40%
$55,867 to $111,733 9.00%
$111,733 to $173,205 10.09%
$173,205 to $500,000 12.80%
Above $500,000 15.00%

Source: Canada Flag Canada Revenue Agency

GET AN ANNUITY QUOTE RIGHT NOW

Let's start the conversation!

Get a free annuity quote today.
We compare the best annuity rates in Canada! There is no cost or obligation and your privacy is guaranteed.

Life Annuities.com Inc. | Website: LifeAnnuities.com | Email: info@lifeannuities.com | Toll-free 1-888-970-1470