Tax Rates | Mackenzie Investments

Tax Rates

2018 Canadian Federal / Provincial Marginal Tax Rates

Marginal Tax Rates calculate the amount of combined federal and provincial taxes payable on the next dollar of income. For example, assume an Ontario resident taxpayer has taxable income of $160,000 and his investment portfolio earns interest income, which is fully taxable. Using the tables below, he will be liable for $0.4797 on each additional dollar of interest income earned.

Also, these tables help to calculate the level of tax savings a taxpayer may receive from RRSP contributions. For example, assume this same Ontario resident contributes $10,000 to his RRSP. Using the tables below, his marginal tax rate is 47.97%. Therefore, he can expect to reduce his tax liability by $4,797.

These 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, 2017 and do not reflect changes resulting from federal or provincial announcements after that date.

Select a province below to view the Canadian federal/provincial marginal tax rates.

Current as of: January 2018


British Columbia 2018

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends
0 to 11,809
11,810 to 19,364 15.00 7.50 5.76 -0.03
19,365 to 20,144 20.06 10.03 9.23 -6.85
20,145 to 32,868 23.62 11.81 13.36 -1.94
32,869 to 39,676 20.06 10.03 9.23 -6.85
39,677 to 46,605 22.70 11.35 12.30 -3.20
46,606 to 79,353 28.20 14.10 18.68 4.39
79,354 to 91,107 31.00 15.50 21.93 8.25
91,108 to 93,208 32.79 16.40 24.00 10.72
93,209 to 110,630 38.29 19.15 30.38 18.31
110,631 to 144,489 40.70 20.35 33.18 21.64
144,490 to 150,000 43.70 21.85 36.65 25.78
150,001 to 205,842 45.80 22.90 39.09 28.67
205,843 and over 49.80 24.90 43.73 34.20
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Alberta 2018

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends
0 to 11,809
11,810 to 18,915 15.00 7.50 5.76 –0.03
18,916 to 46,605 25.00 12.50 14.96 -0.03
46,606 to 93,208 30.50 15.25 21.34 7.56
93,209 to 128,145 36.00 18.00 27.72 15.15
128,146 to 144,489 38.00 19.00 30.04 17.91
144,490 to 153,773 41.00 20.50 33.52 22.05
153,774 to 205,031 42.00 21.00 34.68 23.43
205,032 to 205,842 43.00 21.50 35.84 24.81
205,843 to 307,547 47.00 23.50 40.48 30.33
307,548 and over 48.00 24.00 41.64 31.71
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Saskatchewan 2018

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends
0 to 11,809
11,810 to 16,065 15.00 7.50 5.76 –0.03
16,066 to 45,225 25.50 12.75 14.24 -0.72
45,226 to 46,605 27.50 13.75 16.56 2.04
46,606 to 93,208 33.00 16.50 22.94 9.63
93,209 to 129,214 38.50 19.25 29.32 17.22
129,215 to 144,489 40.50 20.25 31.64 19.98
144,490 to 205,842 43.50 21.75 35.12 24.12
205,843 and over 47.50 23.75 39.76 29.64
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Manitoba 2018

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends
0 to 11,809
11,810 to 15,546 15.00 7.50 5.76 -0.03
15,547 to 22,944 34.80 17.40 27.82 16.25
22,945 to 31,843 25.80 12.90 17.38 3.84
31,844 to 46,605 27.75 13.88 19.65 6.53
46,606 to 68,821 33.25 16.63 26.03 14.12
68,822 to 93,208 37.90 18.95 31.42 20.53
93,209 to 144,489 43.40 21.70 37.80 28.12
144,490 to 205,842 46.40 23.20 41.28 32.26
205,843 and over 50.40 25.20 45.92 37.78
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Ontario 2018

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends
0 to 11,809
11,810 to 15,086 15.00 7.50 5.76 -0.03
15,087 to 19,819 25.10 12.55 10.24 –13.69
19,820 to 42,960 20.05 10.02 8.00 -6.86
42,961 to 46,605 24.15 12.08 12.76 -1.20
46,606 to 75,652 29.65 14.83 19.14 6.39
75,653 to 85,923 31.48 15.74 21.26 8.92
85,924 to 89,133 33.89 16.95 24.06 12.24
89,134 to 93,208 37.91 18.96 28.72 17.79
93,209 to 144,489 43.41 21.71 35.10 25.38
144,490 to 150,000 46.41 23.21 38.58 29.52
150,001 to 205,842 47.97 23.99 40.39 31.67
205,843 to 220,000 51.97 25.99 45.03 37.19
220,001 and over 53.53 26.77 46.84 39.34
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Quebec 2018

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends
0 to 11,809
11,810 to 16,513 12.53 6.27 4.81 -0.02
16,514 to 43,055 27.53 13.77 14.04 4.26
43,056 to 46,605 32.53 16.27 19.84 11.16
46,606 to 86,105 37.12 18.56 25.16 17.49
86,106 to 93,208 41.12 20.56 29.80 23.01
93,209 to 104,765 45.71 22.86 35.13 29.35
104,766 to 144,489 47.46 23.73 37.16 31.77
144,490 to 205,842 49.97 24.99 40.07 35.22
205,843 and over 53.30 26.65 43.94 39.83
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New Brunswick 2018

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends
0 to 11,809
11,810 to 16,761 15.00 7.50 5.76 -0.03
16,762 to 38,437 27.68 13.84 17.16 -1.85
38,438 to 41,675 24.68 12.34 13.69 -5.99
41,676 to 46,605 29.82 14.91 19.65 1.10
46,606 to 83,351 35.32 17.66 26.03 8.69
83,352 to 93,208 37.02 18.51 28.00 11.04
93,209 to 135,510 42.52 21.26 34.38 18.63
135,511 to 144,489 43.84 21.92 35.91 20.45
144,490 to 154,382 46.84 23.42 39.39 24.59
154,383 to 205,842 49.30 24.65 42.24 27.99
205,843 and over 53.30 26.65 46.88 33.51
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Nova Scotia 2018

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends
0 to 11,809
11,810 to 14,893 15.00 7.50 5.76 -0.03
14,894 to 15,000 23.79 11.90 12.29 -0.11
15,001 to 21,000 28.79 14.40 18.09 6.79
21,001 to 25,000 23.79 11.90 12.30 -0.11
25,001 to 29,590 24.32 12.16 12.91 0.62
29,591 to 46,605 30.48 15.24 20.06 9.12
46,606 to 59,180 35.98 17.99 26.44 16.71
59,181 to 75,000 37.70 18.85 28.43 19.09
75,001 to 93,000 37.17 18.59 27.82 18.35
93,001 to 93,208 38.00 19.00 28.78 19.50
93,209 to 144,489 43.50 21.75 35.16 27.09
144,490 to 150,000 46.50 23.25 38.64 31.23
150,001 to 205,842 50.00 25.00 42.70 36.06
205,843 and over 54.00 27.00 47.34 41.58
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PEI 2018

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends
0 to 11,809
11,810 to 17,000 24.80 12.40 13.77 -1.00
17,001 to 24,000 29.80 14.90 19.57 5.90
24,001 to 31,984 24.80 12.40 13.77 -0.99
31,985 to 46,605 28.80 14.40 18.41 4.53
46,606 to 63,969 34.30 17.15 24.79 12.12
63,970 to 93,208 37.20 18.60 28.15 16.12
93,209 to 98,408 42.70 21.35 34.53 23.71
98,409 to 144,489 44.37 22.19 36.13 24.56
144,490 to 205,842 47.37 23.69 39.61 28.70
205,843 and over 51.37 25.69 44.25 34.22
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Newfoundland & Labrador 2018

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends
0 to 11,809
11,810 to 19,993 15.00 7.50 5.76 -0.03
19,994 to 25,835 39.70 19.85 30.35 26.61
25,836 to 36,926 23.70 11.85 11.80 4.53
36,927 to 46,605 29.50 14.75 18.53 12.53
46,606 to 73,852 35.00 17.50 24.91 20.12
73,853 to 93,208 36.30 18.15 26.41 21.91
93,209 to 131,850 41.80 20.90 32.79 29.50
131,851 to 144,489 43.30 21.65 34.53 31.57
144,490 to 184,590 46.30 23.15 38.01 35.71
184,591 to 205,842 47.30 23.65 39.17 37.09
205,843 and over 51.30 25.65 43.81 42.61
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Northwest Territories 2018

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends
0 to 11,809
11,810 to 14,492 15.00 7.50 5.76 -0.03
14,493 to 42,209 20.90 10.45 5.65 -7.76
42,210 to 46,605 23.60 11.80 8.78 -4.03
46,606 to 84,420 29.10 14.55 15.16 3.56
84,421 to 93,208 32.70 16.35 19.34 8.53
93,209 to 137,248 38.20 19.10 25.72 16.12
137,249 to 144,489 40.05 20.03 27.86 18.67
144,490 to 205,842 43.05 21.53 31.34 22.81
205,843 and over 47.05 23.53 35.98 28.33
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Nunavut 2018

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends
0 to 11,809
11,810 to 13,325 15.00 7.50 5.76 -0.03
13,326 to 44,437 19.00 9.50 7.20 -2.11
44,438 to 46,605 22.00 11.00 10.68 2.03
46,606 to 88,874 27.50 13.75 17.06 9.62
88,875 to 93,208 29.50 14.75 19.38 12.38
93,209 to 144,489 35.00 17.50 25.76 19.97
144,490 to 205,842 40.50 20.25 32.14 27.56
205,843 and over 44.50 22.25 36.78 33.08
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Yukon 2018

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends
0 to 11,809
11,810 to 16,682 16.28 8.14 6.72 -1.58
16,683 to 25,000 24.40 12.20 14.04 -3.65
25,001 to 46,605 21.40 10.70 10.57 -7.78
46,606 to 93,208 29.50 14.75 19.96 3.40
93,209 to 144,489 36.90 18.45 28.55 13.61
144,490 to 205,842 41.80 20.90 34.23 20.37
205,843 to 500,000 45.80 22.90 38.87 25.89
500,001 and over 48.00 24.00 41.42 28.93
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Note: The information provided here is not intended to replace personalized tax advice from a qualified tax professional.

The information provided is general in nature and is provided with the understanding that it may not be relied upon as, nor considered to be, the rendering of tax, legal, accounting or professional advice. Readers should consult with their own accountants and/or lawyers for advice on the specific circumstances before taking any action.