2017 Income Tax Rates

Courtesy of Canada Revenue Agency, Posted 12 May 2017


From 2015 there have been a few adjustments to the tax rates in place both federally and provincially. Nova Scotia did not change the rates or brackets but other provinces like NB, ON, and AB have:

FEDERAL TAX RATES
  • 15% on the first $45,916 of taxable income, +
  • 20.5% on the next $45,915 of taxable income (on the portion of taxable income over $45,916 up to $91,831), +
  • 26% on the next $50,522 of taxable income (on the portion of taxable income over $91,831 up to $142,353), +
  • 29% on the next $60,447 of taxable income (on the portion of taxable income over $142,353 up to $202,800), +
  • 33% of taxable income over $202,800

Tax Rates for previous years

Source: http://www.cra-arc.gc.ca/tx/ndvdls/fq/txrts-eng.html#provincial

 

NOVA SCOTIA (same as 2015)
  • 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 $40,492 of taxable income, +
  • 14.82% on the next $40,493, +
  • 16.52% on the next $50,679, +
  • 17.84% on the next $18,336, +
  • 20.3% on the amount over $150,000
ONTARIO
  • 5.05% on the first $42,201 of taxable income, +
  • 9.15% on the next $42,203, +
  • 11.16% on the next $65,596, +
  • 12.16% on the next $70,000, +
  • 13.16 % on the amount over $220,000
ALBERTA
  • 10% on the first $126,625 of taxable income, +
  • 12% on the next $25,325, +
  • 13% on the next $50,650, +
  • 14% on the next $101,300, +
  • 15% on the amount over $303,900
OTHER PROVINCES

Tax Rates for previous years