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2012 Income Tax Rates Canada | Tax Brackets 2012

admin — Tue, 03 Jan 2012 19:30:02 +0000

2012 Income Tax Rates Canada | Tax Brackets 2012

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.

Canada Income Tax Rates for the Year 2012
Tax Brackets 2012

Income Tax Rates for the Year 2012:

15% on the first $42,707 of taxable income
22% on the next $42,707 of taxable income (on the portion of taxable income between $42,707 and $85,414)
26%on the next $85,414 of taxable income (on the portion of taxable income between $85,414 and $132,406)
29% of taxable income over $132,406

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.

Canadian Tax Brackets 2012:

Listed below are the combined provincial and federal personal income tax rate brackets for the Year 2012.
Rates are subject to change in accordance with federal and provincial budgets.

**Provincial / Federal Tax Rates (combined chart)**
Taxable	Income Tax 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

2011 Income Tax Rates Canada

admin — Mon, 20 Dec 2010 18:58:53 +0000

2011 Income Tax Rates Canada

Canada Income Tax Rates for the Year 2011
2011 Income Tax Rates (Combined Provincial and Federal Income Tax)

Income Tax Rates for the Year 2011:

15% on the first $41,544 of taxable income
22% on the next $41,545 of taxable income (on the portion of taxable income between $41,545 and $83,088)
26%on the next $83,089 of taxable income (on the portion of taxable income between $83,089 and $128,880)
29% of taxable income over $128,800

2011 Combined Provincial and Federal Income Tax Rates Canada:

Listed below are the combined provincial and federal personal income tax rates for every Canadian province and territory for 2011.
Rates are subject to change in accordance with federal and provincial budgets.

**Provincial / Federal Tax Rates (combined chart)**
Taxable	Income Tax 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

2010 Canadian Income Tax Rates | Personal Income Tax Rates Canada

admin — Mon, 24 May 2010 15:02:49 +0000

2010 Canadian Income Tax Rates | Personal Income Tax Rates Canada

Federal Income Tax Rates for the Year 2010
Provincial Income Tax Rates for the Year 2010

Federal Income Tax Rates for the Year 2010:

15% on the first $40,970 of taxable income, +
22% on the next $40,971 of taxable income (on the portion of taxable income between $40,970 and $81,941), +
26% on the next $45,080 of taxable income (on the portion of taxable income between $81,941 and $127,021), +
29% of taxable income over $127,021

Provincial Income Tax Rates for the Year 2010:

Under the current tax on income method, tax for all provinces (except Quebec) and territories is calculated the same way as federal tax.

Form 428 is used to calculate this provincial or territorial tax. Provincial or territorial specific non-refundable tax credits are also calculated on Form 428.

For complete details, see the Provincial or Territorial information and forms in your 2010 tax package.

**Provincial / Territorial tax rates (combined chart)**
Provinces / Territories	Rate(s)
Newfoundland and Labrador	7.7% on the first $31,278 of taxable income, + 12.8% on the next $31,278, + 15.5% on the amount over $62,556
Prince Edward Island	9.8% on the first $31,984 of taxable income, + 13.8% on the next $31,985, + 16.7% on the amount over $63,969
Nova Scotia	8.79% on the first $29,590 of taxable income, + 14.95% on the next $29,590, + 16.67% on the next $33,820 + 17.5% on the amount over $93,000
New Brunswick	9.3% on the first $36,422 of taxable income, + 12.5% on the next $36,422, + 13.3% on the next $45,584, + 14.3% on the amount over $118,427
Ontario	5.05% on the first $37,106 of taxable income, + 9.15% on the next $37,108, + 11.16% on the amount over $74,214
Manitoba	10.8% on the first $31,000 of taxable income, + 13% on the next $36,000, + 17.4% on the amount over $67,000
Saskatchewan	11% on the first $40,354 of taxable income, + 13% on the next $74,943, + 15% on the amount over $115,297
Alberta	10% of taxable income
British Columbia	5.06% on the first $35,859 of taxable income, + 7.7% on the next $35,860, + 10.5% on the next $10,623, + 12.29% on the next $17,645, + 14.7% on the amount over $99,987
Yukon	7.04% on the first $40,970 of taxable income, + 9.68% on the next $40,971, + 11.44% on the next $45,080, + 12.76% on the amount over $127,021
Northwest Territories	5.9% on the first $37,106 of taxable income, + 8.6% on the next $37,108, + 12.2% on the next $46,442, + 14.05% on the amount over $120,656
Nunavut	4% on the first $39,065 of taxable income, + 7% on the next $39,065, + 9% on the next $48,891, + 11.5% on the amount over $127,021

2010 Personal Income Tax Calculator | Personal Income Tax Rates Canada

admin — Fri, 21 May 2010 08:09:04 +0000

2010 Personal Income Tax Calculator & Personal Income Tax Rates Canada

Calculate your 2010 personal income tax combined federal and provincial tax bill in each province and territory of Canada. The calculator reflects known rates as of Janunary 06, 2010 and please also note that the personal income tax calculator doesn’t reflect the CPP and EI deductions or contributions for your 2010 personal income tax rates.

Click Here to Use 2010 Income Tax Calculator!

(See the sample of 2010 personal income tax calculator below:)

Province:

Income for the Year 2010

(Do not use comma)

2010 Income Tax Calculator

Tax Payable:	$16,723.95
After Tax Income:	$58,276.05
Average Tax Rate:	22.30%
Marginal Tax Rate:	32.50%

These values and rates give you a basic idea about how much tax you should pay and they are not guaranteed to be accurate. These For informational purposes only!

These calculations do not include non-refundable tax credits other than the basic personal tax credit. To determine the value of other non-refundable tax credits that may be available, see the Canadian income tax rates.

2009 Income Tax Rates Canada | Canadian Personal Income Tax Rates

admin — Tue, 18 May 2010 16:11:35 +0000

2009 Income Tax Rates Canada | Canadian Personal Income Tax Rates

Federal Income Tax Rates for 2009

Provincial Income Tax Rates for 2009

Federal Income Tax Rates for 2009:

15% on the first $38,832 of taxable income, +
22% on the next $38,832 of taxable income (on the portion of taxable income between $38,832 and $77,664), +
26% on the next $48,600 of taxable income (on the portion of taxable income between $77,664 and $126,264), +
29% of taxable income over $120,887.

The chart below reproduces the first calculation that has to be made on Page 2 of Schedule 1 of the tax package to calculate net federal tax. Page 1 is used to calculate federal non-refundable tax credits.

**Federal tax on taxable income manual calculation chart**
	Use this column if your taxable income is $38,832 or less	Use this column if your taxable income is more than $38,832, but not more than $77,664	Use this column if your taxable income is more than $77,664, but not more than $126,264	Use this column if your taxable income is more than $126,264
Enter your taxable income from line 260 of your return					1
Base amount	− 0	− 38,832	− 77,664	− 126,264	2
Line 1 minus line 2 (this amount cannot be negative)	=	=	=	=	3
Federal tax rate	× 15%	× 22%	× 26%	× 29%	4
Multiply the amount on line 3 by the tax rate on line 4	=	=	=	=	5
Tax on the amount from line 2	+ 0	+ 5,825	+ 14,368	+ 27,004	6
Add lines 5 and 6	=	=	=	=	7

Provincial Income Tax Rates for 2009:

Under the current tax on income method, tax for all provinces (except Quebec) and territories is calculated the same way as federal tax.

Form 428 is used to calculate this provincial or territorial tax. Provincial or territorial specific non-refundable tax credits are also calculated on Form 428.

For complete details, see the Provincial or Territorial information and forms in your 2009 tax package.

**Provincial / Territorial tax rates (combined chart)**
Provinces / Territories	Rate(s)
Newfoundland and Labrador	7.7% on the first $31,061 of taxable income, + 12.8% on the next $31,062, + 15.5% on the amount over $62,121
Prince Edward Island	9.8% on the first $31,984 of taxable income, + 13.8% on the next $31,985, + 16.7% on the amount over $63,969
Nova Scotia	8.79% on the first $29,590 of taxable income, + 14.95% on the next $29,590, + 16.67% on the next $33,820 + 17.5% on the amount over $93,000
New Brunswick	10.12% on the first $35,707 of taxable income, + 15.48% on the next $35,708, + 16.8% on the next $44,690, + 17.95% on the amount over $116,105
Ontario	6.05% on the first $36,848 of taxable income, + 9.15% on the next $36,849, + 11.16% on the amount over $73,698
Manitoba	10.8% on the first $31,000 of taxable income, + 13% on the next $36,000, + 17.4% on the amount over $67,000
Saskatchewan	11% on the first $40,113 of taxable income, + 13% on the next $74,497, + 15% on the amount over $114,610
Alberta	10% of taxable income
British Columbia	5.06% on the first $35,716 of taxable income, + 7.7% on the next $35,717, + 10.5% on the next $10,581, + 12.29% on the next $17,574, + 14.7% on the amount over $99,588
Yukon	7.04% on the first $38,832 of taxable income, + 9.68% on the next $38,833, + 11.44% on the next $48,600, + 12.76% on the amount over $126,264
Northwest Territories	5.9% on the first $36,885 of taxable income, + 8.6% on the next $36,886, + 12.2% on the next $46,164, + 14.05% on the amount over $119,936
Nunavut	4% on the first $38,832 of taxable income, + 7% on the next $38,833, + 9% on the next $48,600, + 11.5% on the amount over $126,264

2009 Personal Income Tax Rates Calculator Canada

admin — Tue, 18 May 2010 15:43:43 +0000

Personal Income Tax Calculator & Canadian Income Tax Rates Calculator 2009

Calculate your 2009 personal income tax combined federal and provincial tax bill in each province and territory of Canada. The calculator reflects known rates as of Janunary 10, 2009 and please also note that the personal income tax calculator doesn’t reflect the CPP and EI deductions or contributions for your 2009 personal income tax rates.

Click Here to Use 2009 Income Tax Calculator!

Sample:

Province:
Income for the Year 2009 :	(Do not use comma)
2009 Income Tax Calculator

Tax Payable:	$16,723.95
After Tax Income:	$58,276.05
Average Tax Rate:	22.30%
Marginal Tax Rate:	32.50%

These values and rates give you a basic idea about how much tax you should pay and they are not guaranteed to be accurate. These For informational purposes only!

2008 Personal Income Tax Rates Canada | Canadian Income Tax Rates

admin — Mon, 17 May 2010 17:23:15 +0000

2008 Personal Income Tax Rates Canada | Canadian Income Tax Rates

Federal Income Tax Rates for the Year 2008

Provincial Income Tax Rates for the Year 2008

Federal Income Tax Rates for 2008:

15% on the first $37,885 of taxable income, +
22% on the next $37,884 of taxable income (on the portion of taxable income between $37,885 and $75,769), +
26% on the next $47,415 of taxable income (on the portion of taxable income between $75,769 and $123,184), +
29% of taxable income over $123,184.

**Federal tax on taxable income manual calculation chart**
	Use this column if your taxable income is $37,885 or less	Use this column if your taxable income is more than $37,885, but not more than $$75,769	Use this column if your taxable income is more than $$75,769, but not more than $123,184	Use this column if your taxable income is more than $123,184
Enter your taxable income from line 260 of your return					1
Base amount	− 0	− 38,832	− $75,769	− 123,184	2
Line 1 minus line 2 (this amount cannot be negative)	=	=	=	=	3
Federal tax rate	× 15%	× 22%	× 26%	× 29%	4
Multiply the amount on line 3 by the tax rate on line 4	=	=	=	=	5
Tax on the amount from line 2	+ 0	+ 5,683	+ 14,017	+ 25,854	6
Add lines 5 and 6	=	=	=	=	7

Provincial Income Tax Rates for 2009:

Under the current tax on income method, tax for all provinces (except Quebec) and territories is calculated the same way as federal tax.

Form 428 is used to calculate this provincial or territorial tax. Provincial or territorial specific non-refundable tax credits are also calculated on Form 428.

For complete details, see the Provincial or Territorial information and forms in your 2008 tax package.

**Provincial / Territorial tax rates (combined chart)**
Provinces / Territories	Rate(s)
Newfoundland and Labrador	8.7% on the first $30,215 of taxable income, + 13.8% on the next $30,215, + 16.5% on the amount over $60,429
Prince Edward Island	9.8% on the first $31,369 of taxable income, + 13.8% on the next $31,370, + 16.7% on the amount over $62,739
Nova Scotia	8.79% on the first $29,590 of taxable income, + 14.95% on the next $29,590, + 16.67% on the next $33,820 + 17.5% on the amount over $93,000
New Brunswick	10.12% on the first $34,836 of taxable income, + 15.48% on the next $34,836, + 16.8% on the next $69,673, + 17.95% on the amount over $113,273
Ontario	6.05% on the first $36,020 of taxable income, + 9.15% on the next $36,020, + 11.16% on the amount over $72,041
Manitoba	10.9% on the first $30,544 of taxable income, + 12.75% on the next $30,544 + 17.4% on the amount over $66,000
Saskatchewan	11% on the first $39,135 of taxable income, + 13% on the next $72,697, + 15% on the amount over $111,814
Alberta	10% of taxable income
British Columbia	5.35% on the first $35,016 of taxable income, + 8.15% on the next $35,016, + 10.5% on the next $70,033, + 12.29% on the next $80,406, + 14.7% on the amount over $97,636
Yukon	7.04% on the first $37,885 of taxable income, + 9.68% on the next $37,885, + 11.44% on the next $75,769, + 12.76% on the amount over $123,184
Northwest Territories	5.9% on the first $35,986 of taxable income, + 8.6% on the next $35,986, + 12.2% on the next $71,973, + 14.05% on the amount over $117,011
Nunavut	4% on the first $37,885 of taxable income, + 7% on the next $37,885, + 9% on the next $75,770, + 11.5% on the amount over $123,184

2008 Personal Income Tax Rates Calculator Canada

admin — Mon, 17 May 2010 15:51:16 +0000

2008 Personal Income Tax Calculator & Canadian Income Tax Rates Calculator

Calculate your 2008 personal income tax combined federal and provincial tax bill in each province and territory of Canada. The calculator reflects known rates as of Janunary 25, 2008 and please also note that the personal income tax calculator doesn’t reflect the CPP and EI deductions or contributions for your 2008 personal income tax rates.

Click Here to Use 2008 Income Tax Calculator!

Sample:

Province:
Income for the Year 2008 :	(Do not use comma)
2008 Income Tax Calculator

Tax Payable:	$16,723.95
After Tax Income:	$58,276.05
Average Tax Rate:	22.30%
Marginal Tax Rate:	32.50%

These values and rates give you a basic idea about how much tax you should pay and they are not guaranteed to be accurate. These For informational purposes only!

2007 Personal Income Tax Rates Canada

admin — Sun, 16 May 2010 18:19:29 +0000

2007 Canadian Income Tax Rates | Personal Income Tax Rates Canada

Federal Income Tax Rates for the Year 2007
Provincial Income Tax Rates for the Year 2007

Federal Income Tax Rates for the Year 2007:

15% on the first $37,178 of taxable income, +
22% on the next $37,179 of taxable income (on the portion of taxable income between $37,178 and $74,357), +
26% on the next $46,530 of taxable income (on the portion of taxable income between $74,358 and $120,887), +
29% of taxable income over $120,887

Provincial Income Tax Rates for the Year 2007:

Under the current tax on income method, tax for all provinces (except Quebec) and territories is calculated the same way as federal tax.

Form 428 is used to calculate this provincial or territorial tax. Provincial or territorial specific non-refundable tax credits are also calculated on Form 428.

For complete details, see the Provincial or Territorial information and forms in your 2007 tax package.

**Provincial / Territorial tax rates (combined chart)**
Provinces / Territories	Rate(s)
Newfoundland and Labrador	9.64% on the first $29,886 of taxable income, + 14.98% on the next $29,886, + 17.26% on the amount over $59,772
Prince Edward Island	9.8% on the first $31,369 of taxable income, + 13.8% on the next $31,370, + 16.7% on the amount over $62,739
Nova Scotia	8.79% on the first $29,590 of taxable income, + 14.95% on the next $29,590, + 16.67% on the next $33,820 + 17.5% on the amount over $93,000
New Brunswick	10.12% on the first $34,186 of taxable income, + 15.48% on the next $34,188, + 16.80% on the next $42,787, + 17.95% on the amount over $111,161
Ontario	6.05% on the first $35,488 of taxable income, + 9.15% on the next $35,488, + 11.16% on the amount over $70,976
Manitoba	10.9% on the first $30,544 of taxable income, + 13% on the next $34,456, + 17.4% on the amount over $65,000
Saskatchewan	11% on the first $$38,405 of taxable income, + 13% on the next $71,324, + 15% on the amount over $109,729
Alberta	10% of taxable income
British Columbia	5.7% on the first $34,397 of taxable income, + 8.65% on the next $34,397, + 11.1% on the next $10,190, + 13.0% on the next $16,925, + 14.7% on the amount over $95,909
Yukon	7.04% on the first $37,178 of taxable income, + 9.68% on the next $37,179, + 11.44% on the next $46,530, + 12.76% on the amount over $120,887
Northwest Territories	5.9% on the first $35,315 of taxable income, + 8.6% on the next $35,316, + 12.2% on the next $44,199, + 14.05% on the amount over $114,830
Nunavut	4% on the first $37,178 of taxable income, + 7% on the next $37,179, + 9% on the next $46,530, + 11.5% on the amount over $120,887

2007 Personal Income Tax Rates Calculator Canada

admin — Sat, 15 May 2010 15:59:59 +0000

2007 Personal Income Tax Calculator & Canadian Income Tax Rates Calculator

Calculate your 2007 personal income tax combined federal and provincial tax bill in each province and territory of Canada. The calculator reflects known rates as of Janunary 9, 2007 and please also note that the personal income tax calculator doesn’t reflect the CPP and EI deductions or contributions for your 2007 personal income tax rates.

Click Here to Use 2007 Income Tax Calculator!

Sample:

Province:
Income for the Year 2007 :	(Do not use comma)
2007 Income Tax Calculator

Tax Payable:	$16,723.95
After Tax Income:	$58,276.05
Average Tax Rate:	22.30%
Marginal Tax Rate:	32.50%

These values and rates give you a basic idea about how much tax you should pay and they are not guaranteed to be accurate. These For informational purposes only!