Tax Rates

Keep on top of your tax planning with the latest federal (Canadian) and provincial income tax rates for individuals and corporations.

Tax Tables
Canadian Personal Income Tax Rates
CURRENT YEAR | 2022
Taxable Income Other Income
(Including business,
salary, and employment)
Capital Gains Canadian Dividends
Eligible ¹ Non-Eligible ²
first $50,197 15.00% 7.50% -0.03% 6.87%
over $50,197
up to $100,392
20.50% 10.25% 7.56% 13.19%
over $100,392
up to $155,625
26.00% 13.00% 15.15% 19.52%
over $155,625
up to $221,708
29.38% 14.69% 19.81% 23.41%
over $221,708 33.00% 16.50% 24.81% 27.57%

Notes:
¹ NL, NT, NU and PE use the canadian small business limit.

² Nova Scotia provides a corporate tax holiday under s. 42 of their Income Tax Act for the first 3 taxation years of a new small business after incorporation. See New Small Business Tax Deduction on the Nova Scotia website.

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PAST YEAR | 2021
Taxable Income Other Income
(Including business,
salary, and employment)
Capital Gains Canadian Dividends
Eligible ¹ Non-Eligible ²
first $49,020 15.00% 7.50% -0.03% 6.87%
over $49,020
up to $98,040
20.50% 10.25% 7.56% 13.19%
over $98,040
up to $151,978
26.00% 13.00% 15.15% 19.52%
over $151,978
up to $216,511
29.32% 14.66% 19.73% 23.34%
over $216,511 33.00% 16.50% 24.81% 27.57%

Notes:
¹ NL, NT, NU and PE use the canadian small business limit.

² Nova Scotia provides a corporate tax holiday under s. 42 of their Income Tax Act for the first 3 taxation years of a new small business after incorporation. See New Small Business Tax Deduction on the Nova Scotia website.

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Provincial Personal Income Tax Rates
Province
British Columbia | 2022
Taxable Income Tax Rates
first $43,070 5.06%
over $43,070 up to $86,141 7.70%
over $86,141 up to $98,901 10.50%
over $98,901 up to $120,094 12.29%
over $120,094 up to $162,832 14.70%
over $162,832 up to $227,091 16.80%
over $227,091 20.50%
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British Columbia | 2021
Taxable Income Tax Rates
first $42,184 5.06%
over $42,184 up to $84,369 7.70%
over $84,369 up to $96,866 10.50%
over $96,866 up to $117,623 12.29%
over $117,623 up to $159,483 14.70%
over $159,483 up to $222,420 16.80%
over $222,420 20.50%
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Combined Personal Income Tax Rates
Province
British Columbia | 2022
Taxable Income Other Income
(Including business,
salary, and employment)
Capital Gains Canadian Dividends
Eligible Non-Eligible
first $43,070 20.06% 10.03% -9.60% 10.43%
over $43,070
up to $50,197
22.70% 11.35% -5.96% 13.47%
over $50,197
up to $86,141
28.20% 14.10% 1.63% 19.80%
over $86,141
up to $98,901
31.00% 15.50% 5.49% 23.02%
over $98,901
up to $100,392
32.79% 16.40% 7.96% 25.07%
over $100,392
up to $120,094
38.29% 19.15% 15.55% 31.40%
over $120,094
up to $155,625
40.70% 20.35% 18.88% 34.17%
over $155,625
up to $162,832
44.08% 22.04% 23.54% 38.06%
over $162,832
up to $221,708
46.18% 23.09% 26.44% 40.48%
over $221,708
up to $227,091
49.80% 24.90% 31.44% 44.64%
over $227,091 53.50% 26.75% 36.54% 48.89%

%

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British Columbia | 2021
Taxable Income Other Income
(Including business,
salary, and employment)
Capital Gains Canadian Dividends
Eligible Non-Eligible
first $42,184 20.06% 10.03% -9.60% 10.43%
over $42,184
up to $49,020
22.70% 11.35% -5.96% 13.47%
over $49,020
up to $84,369
28.20% 14.10% 1.63% 19.80%
over $84,369
up to $96,866
31.00% 15.50% 5.49% 23.02%
over $96,866
up to $98,040
32.79% 16.40% 7.96% 25.07%
over $98,040
up to $117,623
38.29% 19.15% 15.55% 31.40%
over $117,623
up to $151,978
40.70% 20.35% 18.88% 34.17%
over $151,978
up to $159,483
44.02% 22.01% 23.46% 37.99%
over $159,483
up to $216,511
46.12% 23.06% 26.36% 40.41%
over $216,511
up to $222,420
49.80% 24.90% 31.44% 44.64%
over $222,420 53.50% 26.75% 36.54% 48.89%

 

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Canadian Corporate Income Tax Rates
CURRENT YEAR | 2022
Lower Rate Higher Rate Business Limit
Canadian 9% 15% $500,000
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PAST YEAR | 2021
Lower Rate Higher Rate Business Limit
Canadian 9% 15% $500,000
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Provincial Corporate Income Tax Rates
CURRENT YEAR | 2022
Lower Rate Higher Rate Business Limit
British Columbia 2.00% 12.00% $500,000
Alberta 2.00% 8.00% $500,000
Saskatchewan 0.00% 12.00% $500,000
Manitoba 0.00% 12.00% $500,000
Ontario 3.20% 11.50% $500,000

 

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PAST YEAR | 2021
Lower Rate Higher Rate Business Limit
British Columbia 2.00% 12.00% $500,000
Alberta 2.00% 8.00% $500,000
Saskatchewan 0.00% 12.00% $500,000
Manitoba 0.00% 12.00% $500,000
Ontario 3.20% 11.50% $500,000

 

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Combined Corporate Income Tax Rates
CURRENT YEAR | 2022
Lower Rate Higher Rate Business Limit
British Columbia 11.00% 27.00% $500,000
Alberta 11.00% 23.00% $500,000
Saskatchewan 9.00% 27.00% $500,000
Manitoba 9.00% 27.00% $500,000
Ontario 12.20% 26.50% $500,000

 

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PAST YEAR | 2021
Lower Rate Higher Rate Business Limit
British Columbia 11.00% 27.00% $500,000
Alberta 11.00% 23.00% $500,000
Saskatchewan 9.00% 27.00% $500,000
Manitoba 9.00% 27.00% $500,000
Ontario 12.20% 26.50% $500,000
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