Tax Rates

2020 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 $0.4819 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 48.19%. Therefore, he can expect to reduce his tax liability by $4,819. 

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, 2020 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 2020


British Columbia 2020

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends
$ - to 13,229 - - - -
13,230 to 20,356 15.00 7.50 6.87 -0.03
20,357 to 21,184 20.06 10.03 10.44 -9.61
21,185 to 34,556 23.62 11.81 14.53 -4.70
34,557 to 41,725 20.06 10.03 10.44 -9.61
41,726 to 48,535 22.70 11.35 13.48 -5.96
48,536 to 83,451 28.20 14.10 19.81 1.63
83,452 to 95,812 31.00 15.50 23.03 5.49
95,813 to 97,069 32.79 16.40 25.08 7.96
97,070 to 116,344 38.29 19.15 31.40 15.55
116,345 to 150,473 40.70 20.35 34.18 18.88
150,474 to 157,748 43.92 21.96 37.88 23.32
157,749 to 214,368 46.02 23.01 40.29 26.21
214,369 and over 49.80 24.90 44.64 31.43
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Alberta 2020

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends
$ - to 13,229 - - - -
13,230 to 19,369 15.00 7.50 6.87 -0.03
19,370 to 48,535 25.00 12.50 15.86 -0.03
48,536 to 97,069 30.50 15.25 22.19 7.56
97,070 to 131,220 36.00 18.00 28.51 15.15
131,221 to 150,473 38.00 19.00 30.81 17.91
150,474 to 157,464 41.22 20.61 34.51 22.35
157,465 to 209,952 42.22 21.11 35.66 23.73
209,953 to 214,368 43.22 21.61 36.81 25.11
214,369 to 314,928 47.00 23.50 41.16 30.33
314,929 and over 48.00 24.00 42.31 31.71
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Saskatchewan 2020

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends
$ - to 13,229 - - - -
13,230 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 48,535 27.50 13.75 17.38 2.04
48,536 to 97,069 33.00 16.50 23.71 9.63
97,070 to 129,214 38.50 19.25 30.03 17.22
129,215 to 150,473 40.50 20.25 32.33 19.98
150,474 to 214,368 43.72 21.86 36.03 24.42
214,369 and over 47.50 23.75 40.38 29.64
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Manitoba 2020

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends
$ - to 13,229 - - - -
13,230 to 15,795 15.00 7.50 6.87 -0.03
15,796 to 22,944 34.80 17.40 28.74 16.25
22,945 to 33,389 25.80 12.90 18.39 3.84
33,390 to 48,535 27.75 13.88 20.63 6.53
48,536 to 72,164 33.25 16.63 26.96 14.12
72,165 to 97,069 37.90 18.95 32.31 20.53
97,070 to 150,473 43.40 21.70 38.63 28.12
150,474 to 214,368 46.62 23.31 42.33 32.56
214,369 and over 50.40 25.20 46.68 37.78
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Ontario 2020

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends
$ - to 13,229 - - - -
13,230 to 15,713 15.00 7.50 6.87 -0.03
15,714 to 20,643 25.10 12.55 11.63 -13.69
20,644 to 44,740 20.05 10.02 9.25 -6.86
44,741 to 48,535 24.15 12.08 13.96 -1.20
48,536 to 78,785 29.65 14.83 20.29 6.39
78,786 to 89,842 31.48 15.74 22.39 8.92
89,843 to 92,826 33.89 16.95 25.17 12.24
92,827 to 97,069 37.91 18.96 29.78 17.79
97,070 to 150,000 43.41 21.71 36.10 25.38
150,001 to 150,473 44.97 22.49 37.90 27.53
150,474 to 214,368 48.19 24.10 41.60 31.97
214,369 to 220,000 51.97 25.99 45.95 37.19
220,001 and over 53.53 26.77 47.74 39.34
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Qubec 2020

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends
$ - to 13,229 - - - -
13,230 to 15,532 12.52 6.26 5.74 -0.03
15,533 to 44,545 27.52 13.76 17.50 4.52
44,546 to 48,535 32.52 16.26 23.25 11.42
48,536 to 89,080 37.12 18.56 28.53 17.77
89,081 to 97,069 41.12 20.56 33.13 23.29
97,070 to 108,390 45.71 22.86 38.41 29.62
108,391 to 150,473 47.46 23.73 40.42 32.04
150,474 to 214,368 50.15 25.08 43.51 35.75
214,369 and over 53.31 26.66 47.15 40.11
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New Brunswick 2020

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends
$ - to 13,229 - - - -
13,230 to 17,455 15.00 7.50 6.87 -0.03
17,456 to 40,029 27.68 13.84 18.29 -1.85
40,030 to 43,401 24.68 12.34 14.84 -5.99
43,402 to 48,535 29.82 14.91 20.75 1.10
48,536 to 86,803 35.32 17.66 27.08 8.69
86,804 to 97,069 37.02 18.51 29.04 11.04
97,070 to 141,122 42.52 21.26 35.36 18.63
141,123 to 150,473 43.84 21.92 36.88 20.45
150,474 to 160,776 47.06 23.53 40.58 24.89
160,777 to 214,368 49.52 24.76 43.40 28.28
214,369 and over 53.30 26.65 47.76 33.50
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Nova Scotia 2020

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends
$ - to 13,229 - - - -
13,230 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 48,535 30.48 15.24 21.23 9.12
48,536 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 97,069 38.00 19.00 29.88 19.50
97,070 to 150,000 43.50 21.75 36.21 27.09
150,001 to 150,473 47.00 23.50 40.23 31.92
150,474 to 214,368 50.22 25.11 43.93 36.36
214,369 and over 54.00 27.00 48.28 41.58
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PEI 2020

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends
$ - to 13,229 - - - -
13,230 to 13,571 15.00 7.50 6.87 -0.03
13,572 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 48,535 28.80 14.40 19.59 4.53
48,536 to 63,969 34.30 17.15 25.92 12.12
63,970 to 97,969 37.20 18.60 29.26 16.12
97,970 to 99,486 42.70 21.35 35.58 23.71
99,487 to 150,473 44.37 22.19 37.19 24.56
150,474 to 214,368 47.59 23.80 40.89 29.01
214,369 and over 51.37 25.69 45.24 34.22
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Newfoundland & Labrador 2020

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends
$ - to 13,229 - - - -
13,230 to 20,537 15.00 7.50 6.87 -0.03
20,538 to 26,539 39.70 19.85 31.25 26.61
26,540 to 37,929 23.70 11.85 12.85 4.53
37,930 to 48,535 29.50 14.75 19.52 12.53
48,536 to 75,858 35.00 17.50 25.85 20.12
75,859 to 97,069 36.30 18.15 27.34 21.91
97,070 to 135,432 41.80 20.90 33.66 29.50
135,433 to 150,473 43.30 21.65 35.39 31.57
150,474 to 189,604 46.52 23.26 39.09 36.01
189,605 to 214,368 47.52 23.76 40.23 37.39
214,369 and over 51.30 25.65 44.59 42.61
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Northwest Territories 2020

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends
$ - to 13,229 - - - -
13,230 to 15,092 15.00 7.50 6.87 -0.03
15,093 to 43,957 20.90 10.45 6.76 -7.76
43,958 to 48,535 23.60 11.80 9.86 -4.03
48,536 to 87,916 29.10 14.55 16.19 3.56
87,917 to 97,069 32.70 16.35 20.33 8.53
97,070 to 142,932 38.20 19.10 26.65 16.12
142,933 to 150,473 40.05 20.03 28.78 18.67
150,474 to 214,368 43.27 21.64 32.48 23.11
214,369 and over 47.05 23.53 36.83 28.33
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Nunavut 2020

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends
$ - to 13,229 - - - -
13,230 to 16,304 15.00 7.50 6.87 -0.03
16,305 to 46,277 19.00 9.50 8.47 -2.11
46,278 to 48,535 22.00 11.00 11.92 2.03
48,536 to 92,555 27.50 13.75 18.25 9.62
92,556 to 97,069 29.50 14.75 20.55 12.38
97,070 to 150,473 35.00 17.50 26.87 19.97
150,474 to 214,368 40.72 20.36 33.45 27.86
214,369 and over 44.50 22.25 37.80 33.08
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Yukon 2020

Taxable Income ($) Marginal Tax Rates (%)
Interest and Regular Income Capital Gains Non-eligible Canadian Dividends Eligible Canadian Dividends
$ - to 13,229 - - - -
13,230 to 48,535 21.40 10.70 11.58 -7.79
48,536 to 97,069 29.50 14.75 20.90 3.39
97,070 to 150,473 36.90 18.45 29.41 13.60
150,474 to 214,368 42.02 21.01 35.29 20.66
214,369 to 500,000 45.80 22.90 39.64 25.88
500,001 and over 48.00 24.00 42.17 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, 2020 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.