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  1. turbotax.intuit.ca › tips › what-is-the-marginal-taxWhat Is the Marginal Tax Rate and How Does It Work in Canada?

    Nov 10, 2023 · To figure out how much you’ll pay in taxes, you first need to calculate your marginal tax rate. There are two marginal tax rates in Canada: federal and provincial/territorial. Understanding your marginal tax rate can help you set aside the amount you may owe and prioritize your financial goals.

  2. www.taxtips.ca › priortaxrates › tax-rates-2022-2023TaxTips.ca - 2022 and 2023 Personal Income Tax Rates

    Taxtips.ca - Personal marginal income tax rates for 2022 and 2023 for eligible and non-eligible dividends, capital gains, and other income, for Canada and all provinces and territories.

  3. www.taxtips.ca › priortaxrates › tax-rates-2022-2023Canada 2023 and 2022 Tax Rates & Tax Brackets - TaxTips.ca

    For 2022, the marginal rate for $155,625 to $221,708 is 29.38% because of the above-noted personal amount reduction through this tax bracket. The additional 0.38% is calculated as 15% x ($14,398 - $12,719) / ($221,708 - $155,625).

  4. www.canada.ca › en › revenue-agencyIncome tax rates for individuals - Canada.ca

    • Overview
    • On this page
    • 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.

    See full list on canada.ca

    •2024 federal income tax rates

    •2024 provincial and territorial income tax rates

    See full list on canada.ca

    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.

    See full list on canada.ca

    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

    •Nova Scotia

    •New Brunswick

    •Quebec

    See full list on canada.ca

    Select the tax year

    •+ 2023

    Select "Federal" or your province or territory

    •Federal

    •Newfoundland and Labrador

    •Prince Edward Island

    See full list on canada.ca

  5. www.taxtips.ca › priortaxrates › tax-rates-2021-2022TaxTips.ca - Canada's 2021 & 2022 Personal Income Tax Rates

    For 2022, the marginal rate for $155,625 to $221,708 is 29.38% because of the above-noted personal amount reduction through this tax bracket. The additional 0.38% is calculated as 15% x ($14,398 - $12,719) / ($221,708 - $155,625).

  6. www.canada.ca › learn-about-taxes-ratesLearn about your taxes: The one about tax rates - Canada

    Nov 21, 2022 · Canada’s tax system uses ‘marginal’ tax rates, which means you pay more tax as your income increases. The tax rates are split up into ‘brackets’, and the taxes you pay are based on which of the tax brackets your income falls into, and where you live in Canada.

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  8. ca.icalculator.com › income-tax-rates › 2022Canada Tax Tables 2022 - Tax Rates and Thresholds in Canada

    The Income tax rates and personal allowances in Canada are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Canada Tax Calculator 2022 .