Information on income tax rates in Canada including federal rates and those rates specific to provinces and territories.

For 2026, the marginal rate for $181,440 to $258,482 is 29.29% because of the above-noted personal amount reduction through this tax bracket. The additional 0.29% is calculated as 14% x ($16,452 - 14,829) / ($258,482 - $181,440).

December 3, 2025 - To reflect a one-percentage-point cut in the lowest tax rate coming into effect halfway through the year, the full-year tax rate for 2025 will be 14.5 per cent and the full-year rate for 2026 and future tax years will be 14 per cent,” says ...

2 weeks ago - The second ceiling in 2026 is $85,000, up from $81,200 in 2025. To work out the maximum CPP contribution under the second ceiling, employees have to take the difference between $74,600 and $85,000, which is $10,400, and multiply that amount ...

in 1 year - Here’s a procrastinator’s guide to the Top 10 last-minute tax tips ... In 2026, Canadians will be able to earn up to $16,452, up from $16,129 in 2025, before they have to pay federal income tax.

Here are the tax brackets for Canada based on your taxable income. ... The deadline to file your 2025 income tax return in 2026 is midnight on April 30. If you're self-employed, your tax return is due on June 15, 2026.

3 weeks ago - While federal tax rates are the same, the income thresholds for each bracket have shifted. According to the agency, in 2026, the indexation increase will be two per cent, which is lower than the 2.7 per cent increase in 2025...

December 4, 2025 - For 2025, there has also been a change from 15% to 14% for income in the lowest bracket. The change happened on Canada Day, so the effective rate on the first bracket is 14.5% for 2025 and 14% thereafter.

To reflect the 1% cut in the lowest ... pay in July to the end of the year a tax rate of 14% will apply. For 2026 and subsequent tax year, the lowest federal tax rate will be 14%....

December 2, 2025 - This means that Canadians earning $16,452 or less in 2026 will owe no federal income tax, as their entire income is covered by the BPA credit. ... This calculation highlights the impact of the 14% rate and inflation-adjusted brackets, which ...

December 2, 2025 - The Canada Child Benefit has increased from $7,997 to $8,157 per child under the age of 6, and from $6,748 to $$6,883 per child between the ages of six and 17, effective July 2025 to June 2026 · Considering both Canadian and Alberta tax brackets ...

November 28, 2025 - This means less tax paid on the top portion of their income. In 2025, the federal government reduced the lowest tax rate from 15%, implementing a temporary effective rate of 14.5% for the year due to the mid-year start date on July 1, 2025.

The Ontario tax brackets and personal tax credit amounts are increased for 2026 by an indexation factor of 1.019 (1.9% increase), except for the $150,000 and $220,000 bracket amounts, which are not indexed for inflation.

3 weeks ago - For context, CRA payroll guidance notes the government proposed legislation to reduce the lowest rate from 15% to 14%, with 2025 having a 14.5% rate and a prorated 14% applied beginning in July 2025.

November 25, 2025 - That means for the full 2026 tax year, the first portion of your income will be taxed at 14%, while in 2025, that rate will be 14.5%, since it only came into effect halfway through the year.

December 8, 2025 - Anyone earning $181,440 or less in 2026 is eligible for the full tax credit of $2,303, which is determined by applying the 14 per cent tax rate rather than the tax bracket. Tax filers with gross incomes of $181,440 or more will see their basic personal amount decrease to $14,829, for a tax credit worth $2,076.06. ... The maximum insurable earnings for 2026 is $68,900, up from $65,700 in 2025...

2 weeks ago - In May, the federal government announced a “middle-class tax cut” to reduce taxes for the lowest income tax bracket. For 2026 and subsequent tax years, the lowest federal tax bracket will be 14 per cent, a decrease from 14.5 in 2025.

December 3, 2025 - See below for the updates to 2026 federal tax bracket thresholds, and an update on the Basic Personal Amount (BPA) for 2026. ... The lowest tax rate was reduced to 14%, effective for the full year. This is down from 14.5% for 2025 due to a mid-year ...

Of note this year, the 14% personal income tax rate brought into effect by the federal government in July 2025, lowered from 15%, is now fully in effect. We’ve gathered the updated tax brackets for 2026, along with an easy-to-understand overview ...