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Canadian income tax rates for individuals - current and previous years
1-22-2019
In Canada, the federal, provincial and municipal governments collect money from individuals and companies to help pay for government programs and services, such as roads, public utilities, schools, health care, economic development and cultural activities.
Common types of taxes are income taxes, sales taxes, property taxes, and business taxes (if you own a business).
The Canadian tax system is a progressive system. This means low-income earners are taxed at a lower percentage than high-income earners. Practically speaking, this is achieved by taxing the first dollars earned by all taxpayers at a lower rate, and then gradually raising the rate on earnings that exceed the minimum income threshold.
Federal tax rates for 2018
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15% on the first $46,605 of taxable income, +
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20.5% on the next $46,603 of taxable income (on the portion of taxable income over 46,605 up to $93,208), +
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26% on the next $51,281 of taxable income (on the portion of taxable income over $93,208 up to $144,489), +
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29% on the next $61,353 of taxable income (on the portion of taxable income over 144,489 up to $205,842), +
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33% of taxable income over $205,842.
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British Columbia
B.C. personal income tax rates apply to specific tax brackets. A tax bracket is a range of annual income. Income past a certain point is taxed at a higher rate. The tax brackets are indexed each year to the Consumer Price Index for B.C. (BC CPI).
Personal Income Tax Brackets and Rates - 2018 Tax Year
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Taxable Income - 2018 Brackets
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Tax Rate
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$0 to $39,676
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5.06%
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$39,676.01 to $79,353
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7.70%
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$79,353.01 to $91,107
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10.50%
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$91,107.01 to $110,630
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12.29%
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$110,630.01 to $150,000
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14.70%
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Over $150,000
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16.80%
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Footnotes:
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