Personal Tax Preparation
Income – T3, T4, T4A, T4AP, T4OAS, T4E, T4RRSP, T4RIF, T5, T5007, T5008, RC62, UHT, Rental, Partnership & Business Income, Capital Gains, Elected Split Pension, Social Assistance Income
Deductions from Income – RSP, RRSP, Dues, Professional Member Fees, Spousal Support, Legal Fees, Other Employment Expenses, Carrying Charges & Interest, Child Care, Business Investment Losses, Non-Capital Losses, Net Capital Losses
Tax Exemptions – Personal, Age, Equivalent to /or Spouse, Caregiver, Disability, Medical, Donations, EI & CPP on self employment and employment, Tuition, Education & Books, Home Accessibility Expenses, Pension, Interest on Student Loans, Home Buyers Amount
Federal Credits – Dividend, CPP & EI Overpayments, Climate Action Incentive, Employee & Partner GST/HST Rebate,
Provincial Credits – Ontario Energy & Property Tax, Northern Ontario Energy
Federal & Provincial Taxes
Federal tax rates for 2024
- 15% on the first $55,867 of taxable income, plus
- 20.5% on the next $55,866 of taxable income (on the portion of taxable income over 55,867 up to $111,733), plus
- 26% on the next $61,472 of taxable income (on the portion of taxable income over $111,733 up to $173,205), plus
- 29% on the next $73,547 of taxable income (on the portion of taxable income over 173,205 up to $246,752), plus
- 33% of taxable income over $246,752
Provincial and territorial tax rates for 2019
Tax for all provinces (except Quebec) and territories is calculated the same way as federal tax.
Form 428 is used to calculate this provincial or territorial tax. Provincial or territorial specific non-refundable tax credits are also calculated on Form 428.
| Provincial and territorial tax rates (combined chart) |
| Provinces and territories |
Rates |
| Newfoundland and Labrador |
| 8.7% |
on the portion of taxable income that is $43,198 or less, plus |
| 14.5% |
on the portion of taxable income over $43,198 up to $86,395, plus |
| 15.8% |
on the portion of taxable income over $86,395 up to $154,244, plus |
| 17.8% |
on the portion of taxable income over $154,244 up to $215,943, plus |
| 19.8% |
on the portion of taxable income over $215,943 up to $275,870, plus |
| 20.8% |
on the portion of taxable income over $275,870 up to $551,739, plus |
| 21.3% |
on the portion of taxable income over $551,739 up to $1,103,478, plus |
| 21.8% |
on the portion of taxable income over $1,103,478 |
|
| Prince Edward Island |
| 9.65% |
on the portion of taxable income that is $32,656 or less, plus |
| 13.63% |
on the portion of taxable income over $32,656 up to $64,313, plus |
| 16.65% |
on the portion of taxable income over $64,313 up to $105,000, plus |
| 18.00% |
on the portion of taxable income over $105,000 up to $140,000, plus |
| 18.75% |
on the portion of taxable income over $140,000 |
|
| Nova Scotia |
| 8.79% |
on the portion of taxable income that is $29,590 or less, plus |
| 14.95% |
on the portion of taxable income over $29,590 up to $59,180, plus |
| 16.67% |
on the portion of taxable income over $59,180 up to $93,000, plus |
| 17.5% |
on the portion of taxable income over $93,000 up to $150,000, plus |
| 21% |
on the portion of taxable income over $150,000 |
|
| New Brunswick |
| 9.4% |
on the portion of taxable income that is $49,958 or less, plus |
| 14% |
on the portion of taxable income over $49,958 up to $99,916, plus |
| 16% |
on the portion of taxable income over $99,916 up to $185,064, plus |
| 19.5% |
on the portion of taxable income over $185,064 |
|
| Quebec |
See Revenu Québec’s income tax rates. |
| Ontario |
| 5.05% |
on the portion of taxable income that is $51,446 or less, plus |
| 9.15% |
on the portion of taxable income over $51,446 up to $102,894, plus |
| 11.16% |
on the portion of taxable income over $102,894 up to $150,000, plus |
| 12.16% |
on the portion of taxable income over $150,000 up to $220,000, plus |
| 13.16% |
on the portion of taxable income over $220,000 |
|
| Manitoba |
| 10.8% |
on the portion of taxable income that is $47,000 or less, plus |
| 12.75% |
on the portion of taxable income over $47,000 up to $100,000, plus |
| 17.4% |
on the portion of taxable income over $100,000 |
|
| Saskatchewan |
| 10.5% |
on the portion of taxable income that is $52,057 or less, plus |
| 12.5% |
on the portion of taxable income over $52,057 up to $148,734, plus |
| 14.5% |
on the portion of taxable income over $148,734 |
|
| Alberta |
| 10% |
on the portion of taxable income that is $148,269 or less, plus |
| 12% |
on the portion of taxable income over $148,269 up to $177,922, plus |
| 13% |
on the portion of taxable income over $177,922 up to $237,230, plus |
| 14% |
on the portion of taxable income over $237,230 up to $355,845, plus |
| 15% |
on the portion of taxable income over $355,845 |
|
| British Columbia |
| 5.06% |
on the portion of taxable income that is $47,937 or less, plus |
| 7.7% |
on the portion of taxable income over $47,937 up to $95,875, plus |
| 10.5% |
on the portion of taxable income over $95,875 up to $110,076, plus |
| 12.29% |
on the portion of taxable income over $110,076 up to $133,664, plus |
| 14.7% |
on the portion of taxable income over $133,664 up to $181,232, plus |
| 16.8% |
on the portion of taxable income over $181,232 up to $252,752, plus |
| 20.5% |
on the portion of taxable income over $252,752 |
|
| Yukon |
| 6.4% |
on the portion of taxable income that is $55,867 or less, plus |
| 9% |
on the portion of taxable income over $55,867 up to $111,733, plus |
| 10.9% |
on the portion of taxable income over $111,733 up to $173,205, plus |
| 12.8% |
on the portion of taxable income over $173,205 up to $500,000, plus |
| 15% |
on the portion of taxable income over $500,000 |
|
| Northwest Territories |
| 5.9% |
on the portion of taxable income that is $50,597 or less, plus |
| 8.6% |
on the portion of taxable income over $50,597 up to $101,198, plus |
| 12.2% |
on the portion of taxable income over $101,198 up to $164,525, plus |
| 14.05% |
on the portion of taxable income over $164,525 |
|
| Nunavut |
| 4% |
on the portion of taxable income that is $53,268 or less, plus |
| 7% |
on the portion of taxable income over $53,268 up to $106,537, plus |
| 9% |
on the portion of taxable income over $106,537 up to $173,205, plus |
| 11.5% |
on the portion of taxable income over $173,205 |
|
