Tax Rates | Mackenzie Investments

Tax Rates

2017 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 2017


British Columbia 2017

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends
0 to 11,635
11,635 to 19,749 15.00 7.50 5.24 -0.03
19,749 to 32,221 23.62 11.81 12.44 -1.94
32,221 to 38,898 20.06 10.03 8.27 -6.85
38,898 to 45,916 22.70 11.35 11.36 -3.20
45,916 to 77,797 28.20 14.10 17.79 4.39
77,797 to 89,320 31.00 15.50 21.07 8.25
89,320 to 91,831 32.79 16.40 23.16 10.72
91,831 to 108,460 38.29 19.15 29.60 18.31
108,460 to 142,353 40.70 20.35 32.42 21.64
142,353 to 202,800 43.70 21.85 35.93 25.78
202,800 and over 47.70 23.85 40.61 31.30
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Alberta 2017

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends
0 to 11,635
11,635 to 18,690 15.00 7.50 5.24 -0.03
18,690 to 45,916 25.00 12.50 14.33 -0.03
45,916 to 91,831 30.50 15.25 20.77 7.56
91,831 to 126,625 36.00 18.00 27.20 15.15
126,625 to 142,353 38.00 19.00 29.54 17.91
142,353 to 151,950 41.00 20.50 33.05 22.05
151,950 to 202,600 42.00 21.00 34.22 23.43
202,600 to 202,800 43.00 21.50 35.39 24.81
202,800 to 303,900 47.00 23.50 40.07 30.33
303,900 and over 48.00 24.00 41.24 31.71
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Saskatchewan 2017

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends
0 to 11,635
11,635 to 16,065 15.00 7.50 5.24 -0.03
16,065 to 45,225 26.00 13.00 14.17 -0.03
45,225 to 45,916 28.00 14.00 16.51 2.73
45,916 to 91,831 33.50 16.75 22.95 10.32
91,831 to 129,214 39.00 19.50 29.38 17.91
129,214 to 142,353 41.00 20.50 31.72 20.67
142,353 to 202,800 44.00 22.00 35.23 24.81
202,800 and over 48.00 24.00 39.91 30.33
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Manitoba 2017

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends
0 to 11,635
11,635 to 17,571 15.00 7.50 6.49 -0.03
17,571 to 27,532 34.80 17.40 27.49 15.83
27,532 to 31,465 25.80 12.90 16.96 3.83
31,465 to 45,916 27.75 13.88 19.24 6.53
45,916 to 68,005 33.25 16.63 25.68 14.12
68,005 to 91,831 37.90 18.95 31.12 20.53
91,831 to 142,353 43.40 21.70 37.55 28.12
142,353 to 202,800 46.40 23.20 41.06 32.26
202,800 and over 50.40 25.20 45.74 37.78
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Ontario 2017

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends
0 to 11,635
11,635 to 14,825 15.00 7.50 5.24 -0.03
14,825 to 19,477 25.10 12.55 7.02 -13.69
19,477 to 42,201 20.05 10.02 6.13 -6.86
42,201 to 45,916 24.15 12.08 10.93 -1.20
45,916 to 74,313 29.65 14.83 17.37 6.39
74,313 to 84,404 31.48 15.74 19.51 8.92
84,404 to 87,559 33.89 16.95 22.33 12.24
87,559 to 91,831 37.91 18.96 27.03 17.79
91,831 to 142,353 43.41 21.71 33.46 25.37
142,353 to 150,000 46.41 23.21 36.97 29.51
150,000 to 202,800 47.97 23.99 38.80 31.67
202,800 to 220,000 51.97 25.99 43.48 37.19
220,000 and over 53.53 26.77 45.30 39.34
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Quebec 2017

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends
0 to 11,635
11,635 to 14,545 12.53 6.27 4.38 -0.02
14,545 to 42,705 28.53 14.27 14.85 5.64
42,705 to 45,916 32.53 16.27 19.53 11.16
45,916 to 85,405 37.12 18.56 24.90 17.49
85,405 to 91,831 41.12 20.56 29.58 23.01
91,831 to 103,915 45.71 22.86 34.95 29.35
103,915 to 142,353 47.46 23.73 37.00 31.77
142,353 to 202,800 49.97 24.99 39.93 35.23
202,800 and over 53.30 26.65 43.84 39.83
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New Brunswick 2017

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends
0 to 11,635
11,635 to 16,302 15.00 7.50 5.24 -0.03
16,302 to 36,975 27.68 13.84 15.98 -1.85
36,975 to 41,059 24.68 12.34 12.47 -5.99
41,059 to 45,916 29.82 14.91 18.48 1.10
45,916 to 82,119 35.32 17.66 24.92 8.69
82,119 to 91,831 37.02 18.51 26.91 11.04
91,831 to 133,507 42.52 21.26 33.34 18.63
133,507 to 142,353 43.84 21.92 34.88 20.45
142,353 to 152,100 46.84 23.42 38.39 24.59
152,100 to 202,800 49.30 24.65 41.27 27.98
202,800 and over 53.30 26.65 45.95 33.50
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Nova Scotia 2017

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends
0 to 11,635
11,635 to 11,893 15.00 7.50 5.24 -0.03
11,893 to 15,000 23.79 11.90 12.47 1.79
15,000 to 21,000 28.79 14.40 16.62 4.89
21,000 to 29,590 23.79 11.90 11.62 -0.11
29,590 to 45,916 29.95 14.98 18.83 8.39
45,916 to 59,180 35.45 17.73 25.27 15.98
59,180 to 91,831 37.17 18.59 27.28 18.35
91,831 to 93,000 42.67 21.33 33.71 25.94
93,000 to 142,353 43.50 21.75 34.69 27.09
142,353 to 150,000 46.50 23.25 38.20 31.23
150,000 to 202,800 50.00 25.00 42.29 36.06
202,800 and over 54.00 27.00 46.97 41.58
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PEI 2017

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends
0 to 11,635
11,635 to 16,999 24.80 12.40 13.14 -1.00
16,999 to 23,999 29.80 14.90 18.99 5.90
23,999 to 31,984 24.80 12.40 13.14 -1.00
31,984 to 45,916 28.80 14.40 17.82 4.52
45,916 to 63,969 34.30 17.15 24.26 12.11
63,969 to 91,831 37.20 18.60 27.65 16.12
91,831 to 98,316 42.70 21.35 34.08 23.71
98,316 to 142,353 44.37 22.19 35.68 24.57
142,353 to 202,800 47.37 23.69 39.19 28.71
202,800 and over 51.37 25.69 43.87 34.22
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Newfoundland & Labrador 2017

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends
0 to 11,635
11,635 to 19,411 15.00 7.50 5.24 -0.03
19,411 to 25,085 39.70 19.85 30.04 26.61
25,085 to 35,851 23.70 11.85 11.32 4.53
35,851 to 45,916 29.50 14.75 18.11 12.53
45,916 to 71,701 35.00 17.50 24.55 20.12
71,701 to 91,831 36.30 18.15 26.07 21.91
91,831 to 128,010 41.80 20.90 32.50 29.50
128,010 to 142,353 43.30 21.65 34.25 31.57
142,353 to 179,214 46.30 23.15 37.76 35.71
179,214 to 202,800 47.30 23.65 38.93 37.09
202,800 and over 51.30 25.65 43.61 42.61
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Northwest Territories 2017

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends
0 to 11,635
11,635 to 14,278 15.00 7.50 5.24 -0.03
14,278 to 41,585 20.90 10.45 5.12 -7.76
41,585 to 45,916 23.60 11.80 8.28 -4.03
45,916 to 83,172 29.10 14.55 14.72 3.56
83,172 to 91,831 32.70 16.35 18.93 8.53
91,831 to 135,219 38.20 19.10 25.36 16.12
135,219 to 142,353 40.05 20.03 27.53 18.67
142,353 to 202,800 43.05 21.53 31.04 22.81
202,800 and over 47.05 23.53 35.72 28.33
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Nunavut 2017

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends
0 to 11,635
11,635 to 13,128 15.00 7.50 5.24 -0.03
13,128 to 43,780 19.00 9.50 6.53 -2.11
43,780 to 45,916 22.00 11.00 10.04 2.03
45,916 to 87,560 27.50 13.75 16.47 9.62
87,560 to 91,831 29.50 14.75 18.81 12.38
91,831 to 142,353 35.00 17.50 25.25 19.97
142,353 to 202,800 40.50 20.25 31.68 27.56
202,800 and over 44.50 22.25 36.36 33.08
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Yukon 2017

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends
0 to 11,635
11,635 to 16,572 16.28 8.14 6.00 -2.40
16,572 to 24,999 24.40 12.20 12.06 -8.90
24,999 to 45,916 21.40 10.70 9.06 -11.90
45,916 to 91,831 29.50 14.75 18.54 -0.72
91,831 to 142,353 36.90 18.45 27.19 9.49
142,353 to 202,800 41.80 20.90 32.93 16.25
202,800 to 500,000 45.80 22.90 37.61 21.77
500,000 and over 48.00 24.00 40.18 24.81
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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.