Canadian Tax Brackets 2015 – Canada Federal Personal Income Tax Brackets Below (Provincial Income Tax Rates are not included):
- 15% on the first $44,701 of taxable income
- 22% on the next $44,702 of taxable income (on the portion of taxable income between $44,702 and $89,401)
- 26%on the next $89,402 of taxable income (on the portion of taxable income between $89,402 and $138,586)
- 29% of taxable income over $138,586
Canadian Tax Brackets 2015 by Province – The Combined Provincial and Federal Income Tax Brackets Below:
Please note that income tax rates are subject to change in accordance with federal and provincial budgets.
Canadian personal income taxcan 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.