2024 federal income tax rates
These rates apply to your taxable income. Your taxable income is your income after various deductions, credits, and exemptions have been applied.
There are also various tax credits, deductions and benefits available to you to reduce your total tax payable.
| Tax rate | Taxable income threshold |
|---|---|
| 15% | on the portion of taxable income that is $55,867 or less, plus |
| 20.5% | on the portion of taxable income over $55,867 up to $111,733, plus |
| 26% | on the portion of taxable income over $111,733 up to $173,205, plus |
| 29% | on the portion of taxable income over $173,205 up to $246,752, plus |
| 33% | on the portion of taxable income over $246,752 |
2024 provincial and territorial income tax rates
Provincial and territorial tax rates vary across Canada; however, your provincial or territorial income tax (except Quebec) is calculated in the same way as your federal income tax.
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Newfoundland and Labrador
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Newfoundland and Labrador income tax rates for 2024 Tax rate Taxable income threshold 8.7% on the portion of taxable income that is $43,198 or less, plus 14.5% on the portion of taxable income over $43,198 up to $86,395, plus 15.8% on the portion of taxable income over $86,395 up to $154,244, plus 17.8% on the portion of taxable income over $154,244 up to $215,943, plus 19.8% on the portion of taxable income over $215,943 up to $275,870, plus 20.8% on the portion of taxable income over $275,870 up to $551,739, plus 21.3% on the portion of taxable income over $551,739 up to $1,103,478, plus 21.8% on the portion of taxable income over $1,103,478 -
Prince Edward Island
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Prince Edward Island income tax rates for 2024 Tax rate Taxable income threshold 9.65% on the portion of taxable income that is $32,656 or less, plus 13.63% on the portion of taxable income over $32,656 up to $64,313, plus 16.65% on the portion of taxable income over $64,313 up to $105,000, plus 18.00% on the portion of taxable income over $105,000 up to $140,000, plus 18.75% on the portion of taxable income over $140,000 -
Nova Scotia
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Nova Scotia income tax rates for 2024 Tax rate Taxable income threshold 8.79% on the portion of taxable income that is $29,590 or less, plus 14.95% on the portion of taxable income over $29,590 up to $59,180, plus 16.67% on the portion of taxable income over $59,180 up to $93,000, plus 17.5% on the portion of taxable income over $93,000 up to $150,000, plus 21% on the portion of taxable income over $150,000 -
New Brunswick
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New Brunswick income tax rates for 2024 Tax rate Taxable income threshold 9.4% on the portion of taxable income that is $49,958 or less, plus 14% on the portion of taxable income over $49,958 up to $99,916, plus 16% on the portion of taxable income over $99,916 up to $185,064, plus 19.5% on the portion of taxable income over $185,064 -
Quebec
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Quebec income tax rates for 2024 Tax rate Taxable income threshold 14% on the portion of taxable income that is $53,255 or less, plus 19% on the portion of taxable income over $53,255 up to $106,495, plus 24% on the portion of taxable income over $106,495 up to $129,590, plus 25.75% on the portion of taxable income over $129,590 -
Ontario
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Ontario income tax rates for 2024 Tax rate Taxable income threshold 5.05% on the portion of taxable income that is $51,446 or less, plus 9.15% on the portion of taxable income over $51,446 up to $102,894, plus 11.16% on the portion of taxable income over $102,894 up to $150,000, plus 12.16% on the portion of taxable income over $150,000 up to $220,000, plus 13.16% on the portion of taxable income over $220,000 -
Manitoba
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Manitoba income tax rates for 2024 Tax rate Taxable income threshold 10.8% on the portion of taxable income that is $47,000 or less, plus 12.75% on the portion of taxable income over $47,000 up to $100,000, plus 17.4% on the portion of taxable income over $100,000 -
Saskatchewan
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Saskatchewan income tax rates for 2024 Tax rate Taxable income threshold 10.5% on the portion of taxable income that is $52,057 or less, plus 12.5% on the portion of taxable income over $52,057 up to $148,734, plus 14.5% on the portion of taxable income over $148,734 -
Alberta
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Alberta income tax rates for 2024 Tax rate Taxable income threshold 10% on the portion of taxable income that is $148,269 or less, plus 12% on the portion of taxable income over $148,269 up to $177,922, plus 13% on the portion of taxable income over $177,922 up to $237,230, plus 14% on the portion of taxable income over $237,230 up to $355,845, plus 15% on the portion of taxable income over $355,845 -
British Columbia
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British Columbia income tax rates for 2024 Tax rate Taxable income threshold 5.06% on the portion of taxable income that is $47,937 or less, plus 7.7% on the portion of taxable income over $47,937 up to $95,875, plus 10.5% on the portion of taxable income over $95,875 up to $110,076, plus 12.29% on the portion of taxable income over $110,076 up to $133,664, plus 14.7% on the portion of taxable income over $133,664 up to $181,232, plus 16.8% on the portion of taxable income over $181,232 up to $252,752, plus 20.5% on the portion of taxable income over $252,752 -
Yukon
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Yukon income tax rates for 2024 Tax rate Taxable income threshold 6.4% on the portion of taxable income that is $55,867 or less, plus 9% on the portion of taxable income over $55,867 up to $111,733, plus 10.9% on the portion of taxable income over $111,733 up to $173,205, plus 12.8% on the portion of taxable income over $173,205 up to $500,000, plus 15% on the portion of taxable income over $500,000 -
Northwest Territories
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Northwest Territories income tax rates for 2024 Tax rate Taxable income threshold 5.9% on the portion of taxable income that is $50,597 or less, plus 8.6% on the portion of taxable income over $50,597 up to $101,198, plus 12.2% on the portion of taxable income over $101,198 up to $164,525, plus 14.05% on the portion of taxable income over $164,525 -
Nunavut
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Nunavut income tax rates for 2024 Tax rate Taxable income threshold 4% on the portion of taxable income that is $53,268 or less, plus 7% on the portion of taxable income over $53,268 up to $106,537, plus 9% on the portion of taxable income over $106,537 up to $173,205, plus 11.5% on the portion of taxable income over $173,205