Tax Rates | Mackenzie Investments

Tax Rates

2019 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, 2019 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 2019


British Columbia 2019

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends

0 to 12,069

-

-

-

-

12,070 to 19,851

15.00

7.50

6.87

- 0.03

19,852 to 20,668

20.06

10.03

10.44

- 9.61

20,669 to 33,701

23.62

11.81

14.53

- 4.70

33,702 to 40,707

20.06

10.03

10.44

- 9.61

40,708 to 47,630

22.70

11.35

13.48

- 5.96

47,631 to 81,416

28.20

14.10

19.81

1.63

81,417 to 93,476

31.00

15.50

23.03

5.49

93,477 to 95,259

32.79

16.40

25.08

7.96

95,260 to 113,506

38.29

19.15

31.40

15.55

113,507 to 147,667

40.70

20.35

34.18

18.88

147,668 to 153,900

43.70

21.85

37.63

23.02

153,901 to 210,371

45.80

22.90

40.04

25.91

210,372 and over

49.80

24.90

44.64

31.43

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Alberta 2019

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends

0 to 12,069

-

-

-

-

12,070 to 19,369

15.00

7.50

6.87

- 0.03

19,370 to 47,630

25.00

12.50

16.02

- 0.03

47,631 to 95,259

30.50

15.25

22.35

7.56

95,260 to 131,220

36.00

18.00

28.67

15.15

131,221 to 147,667

38.00

19.00

30.97

17.91

147,668 to 157,464

41.00

20.50

34.42

22.05

157,465 to 209,952

42.00

21.00

35.57

23.43

209,953 to 210,371

43.00

21.50

36.72

24.81

210,372 to 314,928

47.00

23.50

41.32

30.33

314,929 and over

48.00

24.00

42.47

31.71

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Saskatchewan 2019

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends

0 to 12,069

-

-

-

-

12,070 to 16,065

15.00

7.50

6.87

- 0.03

16,066 to 45,225

25.50

12.75

15.08

- 0.72

45,226 to 47,630

27.50

13.75

17.38

2.04

47,631 to 95,259

33.00

16.50

23.71

9.63

95,260 to 129,214

38.50

19.25

30.03

17.22

129,215 to 147,667

40.50

20.25

32.33

19.98

147,668 to 210,371

43.50

21.75

35.78

24.12

210,372 and over

47.50

23.75

40.38

29.64

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Manitoba 2019

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends

0 to 12,069

-

-

-

-

12,070 to 15,679

15.00

7.50

6.87

- 0.03

15,680 to 22,944

34.80

17.40

28.74

16.25

22,945 to 32,670

25.80

12.90

18.39

3.84

32,671 to 47,630

27.75

13.88

20.63

6.53

47,631 to 70,610

33.25

16.63

26.96

14.12

70,611 to 95,259

37.90

18.95

32.31

20.53

95,260 to 147,667

43.40

21.70

38.63

28.12

147,668 to 210,371

46.40

23.20

42.08

32.26

210,372 and over

50.40

25.20

46.68

37.78

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Ontario 2019

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends

0 to 12,069

-

-

-

-

12,070 to 15,413

15.00

7.50

6.87

- 0.03

15,414 to 20,245

25.10

12.55

10.93

-13.69

20,246 to 43,906

20.05

10.02

8.90

- 6.86

43,907 to 47,630

24.15

12.08

13.61

-1.20

47,631 to 77,317

29.65

14.83

19.94

6.39

77,318 to 87,813

31.48

15.74

22.04

8.92

87,814 to 91,098

33.89

16.95

24.82

12.24

91,099 to 95,259

37.91

18.96

29.43

17.79

95,260 to 147,667

43.41

21.71

35.75

25.38

147,668 to 150,000

46.41

23.21

39.20

29.52

150,001 to 210,371

47.97

23.99

41.00

31.67

210,372 to 220,000

51.97

25.99

45.60

37.19

220,001 and over

53.53

26.77

47.39

39.34

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Qubec 2019

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends

0 to 12,069

-

-

-

-

12,070 to 16,795

12.53

6.27

5.74

-0.02

16,796 to 43,790

27.53

13.77

16.61

4.42

43,791 to 47,630

32.53

16.27

22.36

11.32

47,631 to 87,575

37.12

18.56

27.64

17.65

87,576 to 95,259

41.12

20.56

32.24

23.17

95,260 to 106,555

45.71

22.86

37.52

29.51

106,556 to 147,667

47.46

23.73

39.53

31.93

147,668 to 210,371

49.97

24.99

42.41

35.38

210,372 and over

53.30

26.65

46.25

39.99

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New Brunswick 2019

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends

 0 to 12,069

-

-

-

-

12,070 to 17,129

15.00

7.50

6.87

-0.03

17,130 to 39,284

27.68

13.84

18.29

-1.85

39,285 to 42,592

24.68

12.34

14.84

-5.99

42,593 to 47,630

29.82

14.91

20.75

1.10

47,631 to 85,184

35.32

17.66

27.08

8.69

85,185 to 95,259

37.02

18.51

29.04

11.04

95,260 to 138,491

42.52

21.26

35.36

18.63

138,492 to 147,667

43.84

21.92

36.88

20.45

147,668 to 157,778

46.84

23.42

40.33

24.59

157,779 to 210,371

49.30

24.65

43.16

27.99

210,372 and over

53.30

26.65

47.76

33.51

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Nova Scotia 2019

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends

0 to 12,069

-

-

-

-

12,070 to 14,893

15.00

7.50

6.87

-0.03

14,894 to 15,000

23.79

11.90

13.54

-0.11

15,001 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 47,630

30.48

15.24

21.23

9.12

47,631 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 95,259

38.00

19.00

29.88

19.50

95,260 to 147,667

43.50

21.75

36.21

27.09

147,668 to 150,000

46.50

23.25

39.66

31.23

150,001 to 210,371

50.00

25.00

43.68

36.06

210,372 and over

54.00

27.00

48.28

41.58

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PEI 2019

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends

0 to 12,069

-

-

-

-

12,070 to 17,000

24.80

12.40

14.99

-1.00

17,001 to 24,000

29.80

14.90

20.74

5.90

24,001 to 31,984

24.80

12.40

14.99

-1.00

31,985 to 47,630

28.80

14.40

19.59

4.53

47,631 to 63,969

34.30

17.15

25.92

12.12

63,970 to 95,259

37.20

18.60

29.26

16.12

95,260 to 98,993

42.70

21.35

35.58

23.71

98,994 to 147,667

44.37

22.19

37.19

24.56

147,668 to 210,371

47.37

23.69

40.64

28.70

210,372 and over

51.37

25.69

45.24

34.22

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Newfoundland & Labrador 2019

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends

0 to 12,069

-

-

-

-

12,070 to 20,354

15.00

7.50

6.87

- 0.03

20,355 to 25,666

39.70

19.85

31.25

26.61

25,667 to 37,591

23.70

11.85

12.85

4.53

37,592 to 47,630

29.50

14.75

19.52

12.53

47,631 to 75,181

35.00

17.50

25.85

20.12

75,182 to 95,259

36.30

18.15

27.34

21.91

95,260 to 134,224

41.80

20.90

33.66

29.50

134,225 to 147,667

43.30

21.65

35.39

31.57

147,668 to 187,913

46.30

23.15

38.84

35.71

187,914 to 210,371

47.30

23.65

39.99

37.09

210,372 and over

51.30

25.65

44.59

42.61

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Northwest Territories 2019

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends

0 to 12,069

-

-

-

-

12,070 to 14,811

15.00

7.50

6.87

- 0.03

14,812 to 43,137

20.90

10.45

6.76

-7.76

43,138 to 47,630

23.60

11.80

9.86

-4.03

47,631 to 86,277

29.10

14.55

16.19

3.56

86,278 to 95,259

32.70

16.35

20.33

8.53

95,260 to 140,267

38.20

19.10

26.65

16.12

140,268 to 147,667

40.05

20.03

28.78

18.67

147,668 to 210,371

43.05

21.53

32.23

22.81

210,372 and over

47.05

23.53

36.83

28.33

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Nunavut 2019

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends

0 to 12,069

-

-

-

-

12,070 to 13,618

15.00

7.50

6.87

- 0.03

13,619 to 45,414

19.00

9.50

8.47

-2.11

45,415 to 47,630

22.00

11.00

11.92

2.03

47,631 to 90,829

27.50

13.75

18.25

9.62

90,830 to 95,259

29.50

14.75

20.55

12.38

95,260 to 147,667

35.00

17.50

26.87

19.97

147,668 to 210,371

40.50

20.25

33.20

27.56

210,372 and over

44.50

22.25

37.80

33.08

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Yukon 2019

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends

0 to 12,069

-

-

-

-

12,070 to 47,630

21.40

10.70

11.58

-7.79

47,631 to 95,259

29.50

14.75

20.90

3.39

95,260 to 147,667

36.90

18.45

29.41

13.60

147,668 to 210,371

41.80

20.90

35.04

20.36

210,372 to 500,000

45.80

22.90

39.64

25.88

500,001 and over

48.00

24.00

42.17

28.93

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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, 2019 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.