Save 10% on TurboTax! Choose Canada's #1 Best Selling Tax Software and get your maximum refund! Guaranteed.

Canadian Tax Brackets 2013 | Income Tax Rates

Canadian Tax Brackets and Income Tax Rates for the Year, 2013

Both the federal and provincial governments have imposed income taxes on individuals and the federal government charges the bulk of income taxes with the provinces charging a somewhat lower percentage. Income taxes throughout Canada are progressive with the high income residents paying a higher percentage than the low income residents.

Canadian Tax Brackets 2013:

Listed below are the combined provincial and federal personal income tax rate brackets for the Year 2013.
Rates are subject to change in accordance with federal and provincial budgets.

Provincial / Federal Canadian Tax Brackets & Rates (combined chart)
Taxable Income Tax Brackets & Rate(s)
$20,000 – $40,000 9.9% on the first $20,000 of taxable income

13.3%on the first $30,000 of taxable income

15.2% on the first $40,000 of taxable income

$42,000 – $58,000 15.7% on the first $42,000 of taxable income

18.2%on the first $50,000 of taxable income

20.0% on the first $58,000 of taxable income

$60,000 – $70,000 20.3% on the first $60,000 of taxable income

21.3%on the first $66,000 of taxable income

22.0% on the first $70,000 of taxable income

$72,000 – $82,000 22.3% on the first $72,000 of taxable income

22.8%on the first $76,000 of taxable income

23.9% on the first $82,000 of taxable income

$84,000 – $94,000 24.4% on the first $84,000 of taxable income

25.6%on the first $90,000 of taxable income

26.4% on the first $94,000 of taxable income

$96,000 – $115,000 26.7% on the first $96,000 of taxable income

28.2%on the first $105,000of taxable income

29.5% on the first $115,000 of taxable income

$120,000 – $150,000 30.1% on the first $120,000 of taxable income

30.6%on the first $125,000of taxable income

33.2% on the first $150,000 of taxable income

$200,000 – $400,000 36.5% on the first $200,000 of taxable income

39.8%on the first $300,000 of taxable income

41.4% on the first $400,000 of taxable income

$500,000 42.4% on the first $500,000 of taxable income

21.3%on the first $66,000 of taxable income

22.0% on the first $70,000 of taxable income

Income Tax Rates for the Year 2013:

-Federal personal income tax rates below (provincial income tax rates are not included)

  • 15% on the first $43,561 of taxable income
  • 22% on the next $43,562 of taxable income (on the portion of taxable income between $43,562 and $87,123)
  • 26%on the next $87,124 of taxable income (on the portion of taxable income between $87,124 and $135,054)
  • 29% of taxable income over $135,054

Canadian personal income tax can be deferred in a Registered Retirement Savings Plan (RRSP) and tax sheltered savings accounts (which may include mutual funds and other financial instruments) that are intended to help individuals save for their retirement.