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The donation tax credit is a non-refundable tax credit which means other tax credits must get claimed first to bring your tax payable to zero. If you cannot claim your donation amount on your tax return, pool your donations with your partners for a larger tax credit on their tax return.
Home -> Personal Income Tax Tax Rates -> 2022-2023 Tax Rates -> Canada Canada 2023 and 2022 Tax Rates & Tax Brackets Income Tax Act s. 117, 117.1, 121. The Federal tax brackets and personal tax credit amounts are increased for 2023 by an indexation factor of 1.063 (a 6.3% increase).
You receive a tax receipt for 100% of the value of your donation. The charity receives the amount of your donation less our processing fee. Online charitable gifts are subject to transaction processing fees from banks, credit card companies, and/or supporting brokerage firms.
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- 2024 federal income tax rates
- 2024 provincial and territorial income tax rates
- Previous year income tax rates
The Government of Canada sets the federal income tax rates for individuals. Each province and territory determines their own income tax rates.
Provincial or territorial income tax rates apply in addition to federal income tax rates.
•2024 federal income tax rates
•2024 provincial and territorial income tax rates
These rates apply to your taxable income. Your taxable income is your income after various deductions, credits, and exemptions have been applied.
There are also various tax credits, deductions and benefits available to you to reduce your total tax payable.
Provincial and territorial tax rates vary across Canada; however, your provincial or territorial income tax (except Quebec) is calculated in the same way as your federal income tax.
•Newfoundland and Labrador
•Prince Edward Island
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•Quebec
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•+ 2023
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•Newfoundland and Labrador
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TaxTips.ca - 2022 and 2023 Canadian income tax and RRSP savings calculator - - calculates taxes, shows RRSP savings, includes most deductions and tax credits..
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Canada - Federal 2022 and 2021 Tax Brackets and Marginal Tax Rates Income Tax Act s. 117, 117.1, 121. Please read the article Understanding the Tables of Personal Income Tax Rates. The Federal tax brackets and personal tax credit amounts are increased for 2022 by an indexation factor of 1.024 (a 2.4% increase). The federal indexation factors ...
