2024 Canadian Federal / Provincial Marginal Tax Rates

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British Columbia 2024

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends
$        - to 15,705 - - - -
15,706 to 23,390 15.00 7.50 6.87 (0.03)
23,391 to 24,338 20.06 10.03 10.44 (9.61)
24,339 to 39,703 23.62 11.81 14.53 (4.70)
39,704 to 47,937 20.06 10.03 10.44 (9.61)
47,938 to 55,867 22.70 11.35 13.48 (5.96)
55,868 to 95,875 28.20 14.10 19.81 1.63
95,876 to 110,076 31.00 15.50 23.02 5.49
110,077 to 111,733 32.79 16.40 25.08 7.96
111,734 to 133,664 38.29 19.15 31.40 15.55
133,665 to 173,205 40.70 20.35 34.17 18.88
173,206 to 181,232 44.02 22.01 37.99 23.46
181,233 to 246,752 46.12 23.06 40.40 26.35
246,753 to 252,752 49.80 24.90 44.64 31.43
252,753 and over 53.50 26.75 48.89 36.54

Alberta 2024

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends
$        - to 15,705 - - - -
15,706 to 21,885 15.00 7.50 6.87 (0.03)
21,886 to 55,867 25.00 12.50 15.86 2.57
55,868 to 111,733 30.50 15.25 22.19 10.16
111,734 to 148,269 36.00 18.00 28.51 17.75
148,270 to 173,205 38.00 19.00 30.81 20.51
173,206 to 177,922 41.32 20.66 34.62 25.09
177,923 to 237,230 42.32 21.16 35.77 26.47
237,231 to 246,752 43.32 21.66 36.92 27.85
246,753 to 355,845 47.00 23.50 41.16 32.93
355,846 and over 48.00 24.00 42.31 34.31

Saskatchewan 2024

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends
$        - to 15,705 - - - -
15,706 to 18,491 15.00 7.50 6.87 (0.03)
18,492 to 52,057 25.50 12.75 15.57 (0.72)
52,058 to 55,867 27.50 13.75 17.87 2.04
55,868 to 111,733 33.00 16.50 24.20 9.63
111,734 to 148,734 38.50 19.25 30.52 17.22
148,735 to 173,205 40.50 20.25 32.82 19.98
173,206 to 246,752 43.82 21.91 36.63 24.56
246,753 and over 47.50 23.75 40.87 29.64
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Manitoba 2024

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends
$        - to 15,705 - - - -
15,706 to 19,037 15.00 7.50 6.87 (0.03)
19,038 to 22,944 34.80 17.40 28.74 16.25
22,945 to 47,000 25.80 12.90 18.39 3.84
47,001 to 55,867 27.75 13.88 20.63 6.53
55,868 to 100,000 33.25 16.63 26.96 14.12
100,001 to 111,733 37.90 18.95 32.31 20.53
111,734 to 173,205 43.40 21.70 38.63 28.12
173,206 to 246,752 46.72 23.36 42.44 32.70
246,753 and over 50.40 25.20 46.68 37.78
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Ontario 2024

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends
$        - to 15,705 - - - -
15,706 to 18,062 15.00 7.50 6.87 (0.03)
18,063 to 23,726 25.10 12.55 11.63 (13.69)
23,727 to 51,446 20.05 10.02 9.25 (6.86)
51,447 to 55,867 24.15 12.08 13.96 (1.20)
55,868 to 90,595 29.65 14.83 20.29 6.39
90,596 to 102,894 31.48 15.74 22.39 8.92
102,895 to 106,735 33.89 16.95 25.17 12.24
106,736 to 111,733 37.91 18.96 29.78 17.79
111,734 to 150,000 43.41 21.71 36.10 25.38
150,001 to 173,205 44.97 22.49 37.90 27.53
173,206 to 220,000 48.29 24.15 41.71 32.10
220,001 to 246,752 49.85 24.93 43.51 34.26
246,753 and over 53.53 26.77 47.74 39.34
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Québec 2024

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends
$        - to 15,705 - - - -
15,706 to 18,056 12.52 6.26 5.74 (0.03)
18,057 to 51,780 26.52 13.26 17.91 3.14
51,781 to 55,867 31.52 15.76 23.66 10.04
55,868 to 103,545 36.12 18.06 28.94 16.39
103,546 to 111,733 41.12 20.56 34.69 23.29
111,734 to 126,000 45.71 22.86 39.97 29.62
126,001 to 173,205 47.46 23.73 41.98 32.04
173,206 to 246,752 50.24 25.12 45.16 35.87
246,753 and over 53.30 26.65 48.70 40.11
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New Brunswick 2024

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends
$        - to 15,705 - - - -
15,706 to 21,343 15.00 7.50 6.87 (0.03)
21,344 to 47,347 27.40 13.70 17.97 (2.24)
47,348 to 49,958 24.40 12.20 14.52 (6.38)
49,959 to 55,867 29.00 14.50 19.81 (0.03)
55,868 to 99,916 34.50 17.25 26.14 7.56
99,917 to 111,733 36.50 18.25 28.44 10.32
111,734 to 173,205 42.00 21.00 34.76 17.91
173,206 to 185,064 45.32 22.66 38.57 22.49
185,065 to 246,752 48.82 24.41 42.60 27.32
246,753 and over 52.50 26.25 46.84 32.40
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Nova Scotia 2024

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends
$        - to 14,894 - - - -
14,895 to 15,000 8.79 4.40 6.67 (0.08)
15,001 to 15,705 13.79 6.90 12.42 6.82
15,706 to 21,000 28.79 14.40 19.29 6.79
21,001 to 25,000 23.79 11.90 13.54 (0.11)
25,001 to 29,590 24.32 12.16 14.15 0.62
29,591 to 55,867 30.48 15.24 21.23 9.12
55,868 to 59,180 35.98 17.99 27.56 16.71
59,181 to 75,000 37.70 18.85 29.54 19.09
75,001 to 93,000 37.17 18.59 28.93 18.35
93,001 to 111,733 38.00 19.00 29.88 19.50
111,734 to 150,000 43.50 21.75 36.21 27.09
150,001 to 173,205 47.00 23.50 40.23 31.92
173,206 to 246,752 50.32 25.16 44.04 36.50
246,753 and over 54.00 27.00 48.28 41.58
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PEI 2024

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends
$        - to 15,705 - - - -
15,706 to 17,127 15.00 7.50 6.87 (0.03)
17,128 to 21,500 24.65 12.32 16.47 (1.20)
21,501 to 28,500 29.65 14.83 22.22 5.70
28,501 to 32,656 24.65 12.32 16.47 (1.20)
32,657 to 55,867 28.63 14.32 21.04 4.29
55,868 to 64,313 34.13 17.07 27.37 11.88
64,314 to 105,000 37.15 18.58 30.85 16.05
105,001 to 111,733 38.50 19.25 32.40 17.91
111,734 to 140,000 44.00 22.00 38.72 25.50
140,001 to 173,205 44.75 22.38 39.58 26.54
173,206 to 246,752 48.07 24.04 43.39 31.12
246,753 and over 51.75 25.88 47.63 36.20
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Newfoundland & Labrador 2024

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends
$        - to 15,705 - - - -
15,706 to 23,390 15.00 7.50 6.87 (0.03)
23,391 to 30,226 39.70 19.85 31.60 25.37
30,227 to 43,198 23.70 11.85 13.20 3.29
43,199 to 55,867 29.50 14.75 19.87 11.29
55,868 to 86,395 35.00 17.50 26.20 18.88
86,396 to 111,733 36.30 18.15 27.69 20.67
111,734 to 154,244 41.80 20.90 34.01 28.26
154,245 to 173,205 43.80 21.90 36.31 31.02
173,206 to 215,943 47.12 23.56 40.12 35.60
215,944 to 246,752 49.12 24.56 42.42 38.36
246,753 to 275,870 52.80 26.40 46.66 43.44
275,871 to 551,739 53.80 26.90 47.81 44.82
551,740 to 1,103,478 54.30 27.15 48.39 45.51
1,103,479 and over 54.80 27.40 48.96 46.20
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Northwest Territories 2024

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends
$        - to 15,705 - - - -
15,706 to 17,373 15.00 7.50 6.87 (0.03)
17,374 to 50,597 20.90 10.45 6.76 (7.76)
50,598 to 55,867 23.60 11.80 9.86 (4.03)
55,868 to 101,198 29.10 14.55 16.19 3.56
101,199 to 111,733 32.70 16.35 20.33 8.53
111,734 to 164,525 38.20 19.10 26.65 16.12
164,526 to 173,205 40.05 20.03 28.78 18.67
173,206 to 246,752 43.37 21.69 32.59 23.25
246,753 and over 47.05 23.52 36.83 28.33
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Nunavut 2024

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends
$        - to 15,705 - - - -
15,706 to 18,767 15.00 7.50 6.87 (0.03)
18,768 to 53,268 19.00 9.50 8.47 (2.11)
53,269 to 55,867 22.00 11.00 11.92 2.03
55,868 to 106,537 27.50 13.75 18.25 9.62
106,538 to 111,733 29.50 14.75 20.55 12.38
111,734 to 173,205 35.00 17.50 26.87 19.97
173,206 to 246,752 40.82 20.41 33.56 28.00
246,753 and over 44.50 22.25 37.80 33.08
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Yukon 2024

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends
$        - to 15,705 - - - -
15,706 to 55,867 21.40 10.70 13.46 (7.79)
55,868 to 111,733 29.50 14.75 22.78 3.39
111,734 to 173,205 36.90 18.45 31.28 13.60
173,206 to 246,752 42.25 21.13 37.44 20.98
246,753 to 500,000 45.80 22.90 41.52 25.88
500,001 and over 48.00 24.00 44.04 28.92
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The above rates are the combined federal and provincial marginal rates, including all surtaxes. It is assumed that the only credits claimed are the basic personal amount and the low income tax reduction (where applicable). These rates are correct as at January 1, 2024 and do not reflect changes resulting from federal or provincial announcements after that date.

Note: The information provided here is not intended to replace personalized tax advice from a qualified tax professional.