Canada Income Tax Rates for 2019

Every year taxpayers in Canada have to go through the rigorous task of figuring out how much tax to pay to the government. This whole process can be tiresome and time taking. To make it a little easier, we present you all the relevant information to go through the tax paying period easily.

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How to calculate income tax

Step by step process explained in detailed



Federal Tax Brackets Rate 2019

15% on the first $47,630 of taxable income
20.5% on the portion of taxable income over 47,630 up to $95,259
26% on the portion of taxable income over $95,259 up to $147,667
29% on the portion of taxable income over $147,667 up to $210,371
33% of taxable income over $210,371

How do Tax Brackets Work

Implementation of federal and provincial taxes



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The taxable income is ..

the net income from all sources after deduction of eligible deductions. After you know your taxable income, you can apply the relevant federal and provincial rates to your income and calculate the taxes. You need to calculate the federal tax first, provincial rate second then add the two together.

The federal and provincial taxes you pay on your sources of income is your marginal tax rate. The tax rates are different based on the place you live in Canada and the income declared at the end of the year on your T1 General Income Tax Return.

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Identifying your Tax Bracket

Know the amount of the tax to be paid



The amount of tax you pay depends on your location in Canada and the income you declare from all sources. Furthermore, your provincial rate depends on the province you live in on the 31st December of the tax year.

Provincial and Territorial Tax Bracket Rates 2019

List of tax bracket rates in Canada



Provinces & Territories Rates
Newfoundland and Labrador 8.7% on the first $37,591 of taxable income, + 14.5% on the next $37,590, + 15.8% on the next $59,043, + 17.3% on the next $53,689, + 18.3% on the amount over $187,913
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 next $57,000, + 21% on the amount over $150,000
New Brunswick 9.68% on the first $42,592 of taxable income, + 14.82% on the next $42,592, + 16.52% on the next $53,307, + 17.84% on the next $19,287, + 20.3% on the amount over $157,778
Quebec Go to Income tax rates (Revenu Québec Web site).
Ontario 5.05% on the first $43,906 of taxable income, + 9.15% on the next $43,907, + 11.16% on the next $62,187, + 12.16% on the next $70,000, + 13.16 % on the amount over $220,000
Manitoba 10.8% on the first $32,670 of taxable income, + 12.75% on the next $37,940, + 17.4% on the amount over $70,610
Saskatchewan 10.5% on the first $45,225 of taxable income, + 12.5% on the next $83,989, + 14.5% on the amount over $129,214
Alberta 10% on the first $131,220 of taxable income, + 12% on the next $26,244, + 13% on the next $52,488, + 14% on the next $104,976, + 15% on the amount over $314,928
British Columbia 5.06% on the first $40,707 of taxable income, + 7.7% on the next $40,709, + 10.5% on the next $12,060, + 12.29% on the next $20,030, + 14.7% on the next $40,394, + 16.8% on the amount over $153,900
Yukon 6.4% on the first $47,630 of taxable income, + 9% on the next $47,629, + 10.9% on the next $52,408, + 12.8% on the next $352,333, + 15% on the amount over $500,000
Northwest Territories 5.9% on the first $43,137 of taxable income, + 8.6% on the next $43,140, + 12.2% on the next $53,990, + 14.05% on the amount over $140,267
Nunavut 4% on the first $45,414 of taxable income, + 7% on the next $45,415, + 9% on the next $56,838, + 11.5% on the amount over $147,667