Canada taxes income federally first, then each province or territory adds its own brackets on top, so the numbers below are only half the picture for most people. Figures are for the 2024 tax year. The Canada Income Tax Calculator combines these federal brackets with your province's rates to give a real after-tax number.
Federal Tax Brackets
| Taxable Income | Tax Rate |
|---|---|
| Up to $55,867 | 15% |
| $55,867 – $111,733 | 20.5% |
| $111,733 – $173,205 | 26% |
| $173,205 – $246,752 | 29% |
| Above $246,752 | 33% |
- Each rate only applies to the income inside that band, not your whole income once you cross into a higher bracket.
- The 33% top rate has applied since 2016 and hasn't moved since, though the dollar thresholds around it get indexed most years.
Basic Personal Amount
| Net Income | Basic Personal Amount |
|---|---|
| Up to $173,205 | $15,705 |
| $173,205 – $246,752 | Reduces on a straight line |
| Above $246,752 | $14,156 |
- The basic personal amount is effectively a 0% bracket on your first $15,705, applied as a non-refundable credit rather than a threshold in the table above.
- High earners lose part of this credit, a clawback that was added to target the benefit at middle and lower incomes.
Provincial tax stacks directly on top of these federal numbers, and provinces like Alberta and Ontario have brackets that don't line up with the federal ones at all, so a rough federal-only estimate can be well off your actual bill. Run your specific province and income through the calculator rather than adding a flat percentage to these figures.