Tax Rates | DMCL Chartered Professional Accountants

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

Personal Income Tax Rates

Combined Personal Income Tax Rates

Corporate Income Tax Rates

Combined Corporate Income Tax Rates

Combined Personal Income Tax Rates

CURRENT YEAR | British Columbia | 2023

Taxable Income	Other Income (Including business, salary, and employment)	Capital Gains	Canadian Dividends
Taxable Income		Capital Gains	Eligible	Non-Eligible
first $45,654	20.06%	10.03%	-9.60%	10.43%
over $45,654 up to $53,359	22.70%	11.35%	-5.96%	13.47%
over $53,359 up to $91,310	28.20%	14.10%	1.63%	19.80%
over $91,310 up to $104,835	31.00%	15.50%	5.49%	23.02%
over $104,835 up to $106,717	32.79%	16.40%	7.96%	25.07%
over $106,717 up to $127,299	38.29%	19.15%	15.55%	31.40%
over $127,299 up to $165,430	40.70%	20.35%	18.88%	34.17%
over $165,430 up to $172,602	44.02%	22.01%	23.46%	37.99%
over $172,602 up to $235,675	46.12%	23.06%	26.36%	40.41%
over $235,675 up to $240,716	49.80%	24.90%	31.44%	44.64%
over $240,716	53.50%	26.75%	36.54%	48.89%

PAST YEAR | British Columbia | 2022

Taxable Income	Other Income (Including business, salary, and employment)	Capital Gains	Canadian Dividends
Taxable Income		Capital Gains	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%

CURRENT YEAR | Alberta | 2023

Taxable Income	Other Income (Including business, salary, and employment)	Capital Gains	Canadian Dividends
Taxable Income		Capital Gains	Eligible	Non-Eligible
first $53,359	25.00%	12.50%	2.57%	15.86%
over $53,359 up to $106,717	30.50%	15.25%	10.16%	22.18%
over $106,717 up to $142,292	36.00%	18.00%	17.75%	28.51%
over $142,292 up to $165,430	38.00%	19.00%	20.51%	30.81%
over $165,430 up to $170,751	41.32%	20.66%	25.09%	34.63%
over $170,751 up to $227,668	42.32%	21.16%	26.47%	35.78%
over $227,668 up to $235,675	43.32%	21.66%	27.85%	36.93%
over $235,675 up to $341,502	47.00%	23.50%	32.93%	41.16%
over $341,502	48.00%	24.00%	34.31%	42.31%

PAST YEAR | Alberta | 2022

Taxable Income	Other Income (Including business, salary, and employment)	Capital Gains	Canadian Dividends
Taxable Income		Capital Gains	Eligible	Non-Eligible
first $50,197	25.00%	12.50%	2.57%	15.86%
over $50,197 up to $100,392	30.50%	15.25%	10.16%	22.18%
over $100,392 up to $131,220	36.00%	18.00%	17.75%	28.51%
over $131,220 up to $155,625	38.00%	19.00%	20.51%	30.81%
over $155,625 up to $161,086	41.38%	20.69%	25.17%	34.70%
over $161,086 up to $214,781	42.38%	21.19%	26.55%	35.85%
over $214,781 up to $221,708	43.38%	21.69%	27.93%	37.00%
over $221,708 up to $322,171	47.00%	23.50%	32.93%	41.16%
over $322,171	48.00%	24.00%	34.31%	42.31%

CURRENT YEAR | Saskatchewan | 2023

Taxable Income	Other Income (Including business, salary, and employment)	Capital Gains	Canadian Dividends
Taxable Income		Capital Gains	Eligible	Non-Eligible
first $49,720	25.50%	12.75%	-0.72%	16.52%
over $49,720 up to $53,359	27.50%	13.75%	2.04%	18.82%
over $53,359 up to $106,717	33.00%	16.50%	9.63%	25.14%
over $106,717 up to $142,058	38.50%	19.25%	17.22%	31.47%
over $142,058 up to $165,430	40.50%	20.25%	19.98%	33.77%
over $165,430 up to $235,675	43.82%	21.91%	24.56%	37.59%
over $235,675	47.50%	23.75%	29.64%	41.82%

PAST YEAR | Saskatchewan | 2022

Taxable Income	Other Income (Including business, salary, and employment)	Capital Gains	Canadian Dividends
Taxable Income		Capital Gains	Eligible	Non-Eligible
first $46,773	25.50%	12.75%	-0.72%	16.99%
over $46,773 up to $50,197	27.50%	13.75%	2.04%	19.29%
over $50,197 up to $100,392	33.00%	16.50%	9.63%	25.62%
over $100,392 up to $133,638	38.50%	19.25%	17.22%	31.94%
over $133,638 up to $155,625	40.50%	20.25%	19.98%	34.24%
over $155,625 up to $221,708	43.88%	21.94%	24.64%	38.13%
over $221,708	47.50%	23.75%	29.64%	42.29%

CURRENT YEAR | Manitoba | 2023

Taxable Income	Other Income (Including business, salary, and employment)	Capital Gains	Canadian Dividends
Taxable Income		Capital Gains	Eligible	Non-Eligible
first $36,842	25.80%	12.90%	3.84%	18.38%
over $36,842 up to $53,359	27.75%	13.88%	6.53%	20.63%
over $53,359 up to $79,625	33.25%	16.63%	14.12%	26.95%
over $79,625 up to $106,717	37.90%	18.95%	20.53%	32.30%
over $106,717 up to $165,430	43.40%	21.70%	28.12%	38.62%
over $165,430 up to $235,675	46.72%	23.36%	32.71%	42.44%
over $235,675	50.40%	25.50%	37.78%	46.67%

PAST YEAR | Manitoba | 2022

Taxable Income	Other Income (Including business, salary, and employment)	Capital Gains	Canadian Dividends
Taxable Income		Capital Gains	Eligible	Non-Eligible
first $34,431	25.80%	12.90%	3.84%	18.38%
over $34,431 up to $50,197	27.75%	13.88%	6.53%	20.63%
over $50,197 up to $74,416	33.25%	16.63%	14.12%	26.95%
over $74,416 up to $100,392	37.90%	18.95%	20.53%	32.30%
over $100,392 up to $155,625	43.40%	21.70%	28.12%	38.62%
over $155,625 up to $221,708	46.78%	23.39%	32.79%	42.51%
over $221,708	50.40%	25.20%	37.78%	46.67%

CURRENT YEAR | Ontario | 2023

Taxable Income	Other Income (Including business, salary, and employment)	Capital Gains	Canadian Dividends
Taxable Income		Capital Gains	Eligible	Non-Eligible
first $49,231	20.05%	10.03%	-6.86%	9.24%
over $49,231 up to $53,359	24.15%	12.08%	-1.20%	13.95%
over $53,359 up to $86,698	29.65%	14.83%	6.39%	20.28%
over $86,698 up to $98,463	31.48%	15.74%	8.92%	22.38%
over $98,463 up to $102,135	33.89%	16.95%	12.24%	25.16%
over $102,135 up to $106,717	37.91%	18.95%	17.79%	29.78%
over $106,717 up to $150,000	43.41%	21.70%	25.38%	36.10%
over $150,000 up to $165,430	44.97%	22.48%	27.53%	37.90%
over $165,430 up to $220,000	48.29%	24.14%	32.11%	41.72%
over $220,000 up to $235,675	49.85%	24.92%	34.26%	43.51%
over $235,675	53.53%	26.76%	39.34%	47.74%

PAST YEAR | Ontario | 2022

Taxable Income	Other Income (Including business, salary, and employment)	Capital Gains	Canadian Dividends
Taxable Income		Capital Gains	Eligible	Non-Eligible
first $46,226	20.05%	10.03%	-6.86%	9.24%
over $46,226 up to $50,197	24.15%	12.08%	-1.20%	13.95%
over $50,197 up to $81,411	29.65%	14.83%	6.39%	20.28%
over $81,411 up to $92,454	31.48%	15.74%	8.92%	22.38%
over $92,454 up to $95,906	33.89%	16.95%	12.24%	25.16%
over $95,906 up to $100,392	37.91%	18.95%	17.79%	29.78%
over $100,392 up to $150,000	43.41%	21.70%	25.38%	36.10%
over $150,000 up to $155,625	44.97%	22.48%	27.53%	37.90%
over $155,625 up to $220,000	48.35%	24.17%	32.19%	41.79%
over $220,000 up to $221,708	49.91%	24.95%	34.34%	43.58%
over $221,708	53.53%	26.76%	39.34%	47.74%

Combined Corporate Income Tax Rates

CURRENT YEAR | 2023

	Lower Rate	Higher Rate	Business Limit
British Columbia	11.00%	27.00%	$500,000
Alberta	11.00%	23.00%	$500,000
Saskatchewan	9.00%¹	27.00%	$600,000
Manitoba	9.00%	27.00%	$500,000
Ontario	12.20%	26.50%	$500,000

Notes:
¹ Saskatchewan’s small business corporate income tax rate will temporarily remain at 0% until June 30, 2023. The restoration of the rate to 1% per cent will be delayed to July 1, 2023, and on July 1, 2024 the rate will return to 2%.

PAST 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