A key to achieving a financial goal In the past few months, stock markets in Canada, the U.S., Japan and Europe reached record highs. In market extremes, whether it’s an upswing or downswing, many people wonder if they should invest differently…
| Yukon Tax Rates | |||||||||
| 2024 Taxable Income | 2023 Tax Rates | 2023 Taxable Income | 2023 Tax Rates | ||||||
| first $55,867 | 6.40% | first $53,359 | 6.40% | ||||||
| over $55,867 up to $111,733 | 9.00% | over $53,359 up to $106,717 | 9.00% | ||||||
| over $111,733 up to $173,205 | 10.90% | over $106,717 up to $165,430 | 10.90% | ||||||
| over $173,205 up to $246,752 | 12.93% | over $165,430 up to $235,675 | 12.93% | ||||||
| over $246,752 up to $500,000 | 12.80% | over $235,675 up to $500,000 | 12.80% | ||||||
| over $500,000 | 15.00% | over $500,000 | 15.00% | ||||||
| Combined Federal & Yukon Tax Brackets and Tax Rates | |||||||||
| 2024 Taxable Income | YT 2024 Marginal Tax Rates | 2023 Taxable Income | YT 2023 Marginal Tax Rates | ||||||
| Other Income |
Capital Gains |
Canadian Dividends | Other Income |
Capital Gains |
Canadian Dividends | ||||
| Eligible | Non-Eligible | Eligible | Non-Eligible | ||||||
| first $55,867 | 21.40% | 10.70% | -7.78% | 13.45% | first $53,359 | 21.40% | 10.70% | -7.78% | 13.45% |
| over $55,867 up to $111,733 | 29.50% | 14.75% | 3.40% | 22.77% | over $53,359 up to $106,717 | 29.50% | 14.75% | 3.40% | 22.77% |
| over $111,733 up to $173,205 | 36.90% | 18.45% | 13.61% | 31.28% | over $106,717 up to $165,430 | 36.90% | 18.45% | 13.61% | 31.28% |
| over $173,205 up to $246,752 | 42.25% | 21.13% | 20.99% | 37.43% | over $165,430 up to $235,675 | 42.25% | 21.13% | 20.99% | 37.43% |
| over $246,752 up to $500,000 | 45.80% | 22.90% | 25.89% | 41.51% | over $235,675 up to $500,000 | 45.80% | 22.90% | 25.89% | 41.51% |
| over $500,000 | 48.00% | 24.00% | 28.93% | 44.04% | over $500,000 | 48.00% | 24.00% | 28.93% | 44.04% |
|
Marginal tax rate for dividends is a % of actual
dividends received (not grossed-up taxable amount). Marginal tax rate for capital gains is a % of total capital gains (not taxable capital gains). Gross-up rate for eligible dividends is 38%, and for non-eligible dividends is 15%. |
|||||||||
| Yukon Basic Personal Amount | |||||||||
| 2024 Personal Amount Minimum / Maximum | 2024 Tax Rate | 2023 Personal Amount Minimum / Maximum | 2023 Tax Rate | ||||||
| $14,156 | $15,705 | 6.4% | $13,521 | $15,000 | 6.4% | ||||
| Federal Basic Personal Amount | |||||||||
| 2024 Personal Amount Minimum / Maximum | 2024 Tax Rate | 2023 Personal Amount Minimum / Maximum | 2023 Tax Rate | ||||||
| $14,156 | $15,705 | 15% | $13,520 | $15,000 | 15% | ||||
| Nunavut Tax Rates | |||||||||
| 2024 Taxable Income | 2024 Tax Rates | 2023 Taxable Income | 2023 Tax Rates | ||||||
| first $53,268 | 4.0% | first $50,877 | 4.0% | ||||||
| over $53,268 up to $106,537 | 7.0% | over $50,877 up to $101,754 | 7.0% | ||||||
| over $106,537 up to $173,205 | 9.0% | over $101,754 up to $165,429 | 9.0% | ||||||
| over $173,205 | 11.5% | over $165,429 | 11.5% | ||||||
| Combined Federal & Nunavut Tax Brackets and Tax Rates | |||||||||
| 2024 Taxable Income | NU 2024 Marginal Tax Rates | 2023 Taxable Income | NU 2023 Marginal Tax Rates | ||||||
| Other Income |
Capital Gains |
Canadian Dividends | Other Income |
Capital Gains |
Canadian Dividends | ||||
| Eligible | Non-Eligible | Eligible | Non-Eligible | ||||||
| first $53,268 | 19.00% | 9.50% | -2.11% | 8.46% | first $50,877 | 19.00% | 9.50% | -2.11% | 8.46% |
| over $53,268 up to $55,867 | 22.00% | 11.00% | 2.03% | 11.91% | over $50,877 up to $53,359 | 22.00% | 11.00% | 2.03% | 11.91% |
| over $55,867 up to $106,537 | 27.50% | 13.75% | 9.62% | 18.24% | over $53,359 up to $101,754 | 27.50% | 13.75% | 9.62% | 18.24% |
| over $106,537 up to $111,733 | 29.50% | 14.75% | 12.38% | 20.54% | over $101,754 up to $106,717 | 29.50% | 14.75% | 12.38% | 20.54% |
| over $111,733 up to $173,205 | 35.00% | 17.50% | 19.97% | 26.86% | over $106,717 up to $165,429 | 35.00% | 17.50% | 19.97% | 26.86% |
| over $173,205 up to $246,752 | 40.82% | 20.41% | 28.00% | 33.56% | over $165,429 up to $235,675 | 40.82% | 20.41% | 28.00% | 33.56% |
| over $246,752 | 44.50% | 22.25% | 33.08% | 37.79% | over $235,675 | 44.50% | 22.25% | 33.08% | 37.79% |
|
Marginal tax rate for dividends is a % of actual
dividends received (not grossed-up amount). Marginal tax rate for capital gains is a % of total capital gains (not taxable capital gains). Gross-up rate for eligible dividends is 38%, and for non-eligible dividends is 15%. |
|||||||||
| Nunavut Basic Personal Amount | |||||||||
| 2024 Personal Amount | 2024 Tax Rate | 2023 Personal Amount | 2023 Tax Rate | ||||||
| $18,767 | 4% | $17,925 | 4% | ||||||
| Federal Basic Personal Amount | |||||||||
| 2024 Personal Amount Minimum / Maximum | 2024 Tax Rate | 2023 Personal Amount Minimum / Maximum | 2023 Tax Rate | ||||||
| $14,156 | $15,705 | 15% | $13,520 | $15,000 | 15% | ||||
| Northwest Territories Tax Rates | |||||||||
| 2024 Taxable Income | 2024 Tax Rates | 2023 Taxable Income | 2023 Tax Rates | ||||||
| first $50,597 | 5.90% | first $48,326 | 5.90% | ||||||
| over $50,597 up to $101,198 | 8.60% | over $48,326 up to $96,655 | 8.60% | ||||||
| over $101,198 up to $164,525 | 12.20% | over $96,655 up to $157,139 | 12.20% | ||||||
| over $164,525 | 14.05% | over $157,139 | 14.05% | ||||||
| Combined Federal & Northwest Territories Tax Brackets and Tax Rates | |||||||||
| 2024 Taxable Income | NT 2024 Marginal Tax Rates | 2023 Taxable Income | NT 2023 Marginal Tax Rates | ||||||
| Other Income |
Capital Gains |
Canadian Dividends | Other Income |
Capital Gains |
Canadian Dividends | ||||
| Eligible | Non-Eligible | Eligible | Non-Eligible | ||||||
| first $50,597 | 20.90% | 10.45% | -7.76% | 6.75% | first $48,326 | 20.90% | 10.45% | -7.76% | 6.75% |
| over $50,597 up to $55,867 | 23.60% | 11.80% | -4.03% | 9.86% | over $48,326 up to $53,359 | 23.60% | 11.80% | -4.03% | 9.86% |
| over $55,867 up to $101,198 | 29.10% | 14.55% | 3.56% | 16.18% | over $53,359 up to $96,655 | 29.10% | 14.55% | 3.56% | 16.18% |
| over $101,198 up to $111,733 | 32.70% | 16.35% | 8.53% | 20.32% | over $96,655 up to $106,717 | 32.70% | 16.35% | 8.53% | 20.32% |
| over $111,733 up to $164,525 | 38.20% | 19.10% | 16.12% | 26.65% | over $106,717 up to $157,139 | 38.20% | 19.10% | 16.12% | 26.65% |
| over $164,525 up to $173,205 | 40.05% | 20.03% | 18.67% | 28.77% | over $157,139 up to $165,430 | 40.05% | 20.03% | 18.67% | 28.77% |
| over $173,205 up to $246,752 | 43.37% | 21.69% | 23.25% | 32.59% | over $165,430 up to $235,675 | 43.37% | 21.69% | 23.25% | 32.59% |
| over $246,752 | 47.05% | 23.53% | 28.33% | 36.82% | over $235,675 | 47.05% | 23.53% | 28.33% | 36.82% |
|
Marginal tax rate for dividends is a % of actual
dividends received (not grossed-up taxable amount). Marginal tax rate for capital gains is a % of total capital gains (not taxable capital gains). Gross-up rate for eligible dividends is 38%, and for non-eligible dividends is 15%. |
|||||||||
| Northwest Territories Basic Personal Amount | |||||||||
| 2024 Personal Amount | 2024 Tax Rate | 2023 Personal Amount | 2023 Tax Rate | ||||||
| $17,373 | 5.90% | $16,593 | 5.90% | ||||||
| Federal Basic Personal Amount | |||||||||
| 2024 Personal Amount Minimum / Maximum | 2024 Tax Rate | 2023 Personal Amount Minimum / Maximum | 2023 Tax Rate | ||||||
| $14,156 | $15,705 | 15% | $13,520 | $15,000 | 15% | ||||
| Saskatchewan Tax Rates | |||||||||
| 2024 Taxable Income | 2024 Tax Rates | 2023 Taxable Income | 2023 Tax Rates | ||||||
| first $52,057 | 10.50% | first $49,720 | 10.50% | ||||||
| over $52,057 up to $148,734 | 12.50% | over $49,720 up to $142,058 | 12.50% | ||||||
| over $148,734 | 14.50% | over $142,058 | 14.50% | ||||||
| Combined Federal & Saskatchewan Tax Brackets and Tax Rates | |||||||||
| 2024 Taxable Income | SK 2024 Marginal Tax Rates | 2023 Taxable Income | SK 2023 Marginal Tax Rates | ||||||
| Other Income |
Capital Gains |
Canadian Dividends | Other Income |
Capital Gains |
Canadian Dividends | ||||
| Eligible | Non-Eligible | Eligible | Non-Eligible | ||||||
| first $52,057 | 25.50% | 12.75% | -0.72% | 16.04% | first $49,720 | 25.50% | 12.75% | -0.72% | 16.52% |
| over $52,057 up to $55,867 | 27.50% | 13.75% | 2.04% | 18.34% | over $49,720 up to $53,359 | 27.50% | 13.75% | 2.04% | 18.82% |
| over $55,867 up to $111,733 | 33.00% | 16.50% | 9.63% | 24.67% | over $53,359 up to $106,717 | 33.00% | 16.50% | 9.63% | 25.14% |
| over $111,733 up to $148,734 | 38.50% | 19.25% | 17.22% | 30.99% | over $106,717 up to $142,058 | 38.50% | 19.25% | 17.22% | 31.47% |
| over $148,734 up to $173,205 | 40.50% | 20.25% | 19.98% | 33.29% | over $142,058 up to $165,430 | 40.50% | 20.25% | 19.98% | 33.77% |
| over $173,205 up to $246,752 | 43.82% | 21.91% | 24.56% | 37.11% | over $165,430 up to $235,675 | 43.82% | 21.91% | 24.56% | 37.59% |
| over $246,752 | 47.50% | 23.75% | 29.64% | 41.34% | over $235,675 | 47.50% | 23.75% | 29.64% | 41.82% |
|
Marginal tax rate for dividends is a % of actual
dividends received (not grossed-up taxable amount). Marginal tax rate for capital gains is a % of total capital gains (not taxable capital gains). Gross-up rate for eligible dividends is 38%, and for non-eligible dividends is 15%. |
|||||||||
| Saskatchewan Basic Personal Amount | |||||||||
| 2024 Personal Amount | 2024 Tax Rate | 2023 Personal Amount | 2023 Tax Rate | ||||||
| $18,491 | 10.5% | $17,661 | 10.5% | ||||||
| Federal Basic Personal Amount | |||||||||
| 2024 Personal Amount Minimum / Maximum | 2024 Tax Rate | 2023 Personal Amount Minimum / Maximum | 2023 Tax Rate | ||||||
| $14,156 | $15,705 | 15% | $13,520 | $15,000 | 15% | ||||
| Quebec Tax Rates | |||||||||
| 2024 Taxable Income | 2024 Tax Rates | 2023 Taxable Income | 2023 Tax Rates | ||||||
| first $51,780 | 14.00% | first $49,275 | 14.00% | ||||||
| over $51,780 up to $103,545 | 19.00% | over $49,275 up to $98,540 | 19.00% | ||||||
| over $103,545 up to $126,000 | 24.00% | over $98,540 up to $119,910 | 24.00% | ||||||
| over $126,000 | 25.75% | over $119,910 | 25.75% | ||||||
| Combined Federal & Quebec Tax Brackets and Tax Rates | |||||||||
| 2024 Taxable Income | QC 2024 Marginal Tax Rates | 2023 Taxable Income | QC 2023 Marginal Tax Rates | ||||||
| Other Income |
Capital Gains |
Canadian Dividends | Other Income |
Capital Gains |
Canadian Dividends | ||||
| Eligible | Non-Eligible | Eligible | Non-Eligible | ||||||
| first $51,780 | 26.53% | 13.26% | 3.15% | 17.90% | first $49,275 | 26.53% | 13.26% | 3.15% | 17.90% |
| over $51,780 up to $55,867 | 31.53% | 15.76% | 10.05% | 23.65% | over $49,275 up to $53,359 | 31.53% | 15.76% | 10.05% | 23.65% |
| over $55,867 up to $103,545 | 36.12% | 18.06% | 16.39% | 28.93% | over $53,359 up to $98,540 | 36.12% | 18.06% | 16.39% | 28.93% |
| over $103,545 up to $111,733 | 41.12% | 20.56% | 23.29% | 34.68% | over $98,540 up to $106,717 | 41.12% | 20.56% | 23.29% | 34.68% |
| over $111,733 up to $126,000 | 45.71% | 22.86% | 29.63% | 39.96% | over $106,717 up to $119,910 | 45.71% | 22.86% | 29.63% | 39.96% |
| over $126,000 up to $173,205 | 47.46% | 23.73% | 32.04% | 41.97% | over $119,910 up to $165,430 | 47.46% | 23.73% | 32.04% | 41.97% |
| over $173,205 up to $246,752 | 50.23% | 25.12% | 35.87% | 45.16% | over $165,430 up to $235,675 | 50.23% | 25.12% | 35.87% | 45.16% |
| over $246,752 | 53.31% | 26.65% | 40.11% | 48.70% | over $235,675 | 53.31% | 26.65% | 40.11% | 48.70% |
|
Marginal tax rate for dividends is a % of actual
dividends received (not grossed-up taxable amount). Marginal tax rate for capital gains is a % of total capital gains (not taxable capital gains). Gross-up rate for eligible dividends is 38%, and for non-eligible dividends is 15%. |
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| Quebec Basic Personal Amount | |||||||||
| 2024 Personal Amount | 2024 Tax Rate | 2023 Personal Amount | 2023 Tax Rate | ||||||
| $18,056 | 14% | $17,183 | 14% | ||||||
| Federal Basic Personal Amount | |||||||||
| 2024 Personal Amount Minimum / Maximum | 2024 Tax Rate | 2023 Personal Amount Minimum / Maximum | 2023 Tax Rate | ||||||
| $14,156 | $15,705 | 15% | $13,520 | $15,000 | 15% | ||||
|
Prince Edward Island Tax Rates Before Surtax Surtax Eliminated for 2024 and Later Years |
|||||||||
| 2024 Taxable Income | 2024 Tax Rates | 2023 Taxable Income | 2023 Tax Rates | ||||||
| first $32,656 | 9.65% | first $31,984 | 9.8% | ||||||
| over $32,656 up to $64,313 | 13.63% | over $31,984 up to $63,969 | 13.8% | ||||||
| over $64,313 up to $105,000 | 16.65% | over $63,969 | 16.7% | ||||||
| over $105,000 up to $140,000 | 18.00% | ||||||||
| over $140,000 | 18.75% | ||||||||
| Combined Federal & Prince Edward Island Tax Brackets and Tax Rates Including Surtax in 2023 Only | |||||||||
| 2024 Taxable Income | PE 2024 Marginal Tax Rates | 2023 Taxable Income | PE 2023 Marginal Tax Rates | ||||||
| Other Income |
Capital Gains |
Canadian Dividends | Other Income |
Capital Gains |
Canadian Dividends | ||||
| Eligible | Non-Eligible | Eligible | Non-Eligible | ||||||
| first $32,656 | 24.65% | 12.33% | -1.20% | 16.47% | first $31,984 | 24.80% | 12.40% | -0.99% | 16.64% |
| over $32,656 up to $55,867 | 28.63% | 14.32% | 4.29% | 21.04% | over $31,984 up to $53,359 | 28.80% | 14.40% | 4.53% | 21.24% |
| over $55,867 up to $64,313 | 34.13% | 17.07% | 11.88% | 27.37% | over $53,359 up to $63,969 | 34.30% | 17.15% | 12.12% | 27.57% |
| over $64,313 up to $105,000 | 37.15% | 18.58% | 16.05% | 30.84% | over $63,969 up to $101,104 | 37.20% | 18.60% | 16.12% | 30.90% |
| over $105,000 up to $111,733 | 38.50% | 19.25% | 17.91% | 32.40% | over $101,104 up to $106,717 | 38.87% | 19.44% | 16.97% | 32.67% |
| over $111,733 up to $140,000 | 44.00% | 22.00% | 25.50% | 38.72% | over $106,717 up to $165,430 | 44.37% | 22.19% | 24.56% | 39.00% |
| over $140,000 up to $173,205 | 44.75% | 22.38% | 26.54% | 39.58% | over $165,430 up to $235,675 | 47.69% | 23.85% | 29.15% | 42.82% |
| over $173,205 up to $246,752 | 48.07% | 24.04% | 31.12% | 43.40% | over $235,675 | 51.37% | 25.69% | 34.22% | 47.05% |
| over $246,752 | 51.75% | 25.88% | 36.20% | 47.63% | |||||
|
Marginal tax rate for dividends is a % of actual
dividends received (not grossed-up taxable amount). Marginal tax rate for capital gains is a % of total capital gains (not taxable capital gains). Gross-up rate for eligible dividends is 38%, and for non-eligible dividends is 15%. |
|||||||||
| Prince Edward Island Surtaxes | |||||||||
| 2024 | 2023 | ||||||||
| Surtax rate (included in above rates) | 0% | Surtax rate (included in above rates) | 10% | ||||||
| Surtax is on PE tax greater than | n/a | Surtax is on PE tax greater than | $12,500 | ||||||
| Person with only basic personal amount – surtax starts at taxable income of | n/a | Person with only basic personal amount – surtax starts at taxable income of | $101,104 | ||||||
| The surtax is calculated based on the net tax payable after deducting personal tax credits. | |||||||||
| Prince Edward Island Basic Personal Amount | |||||||||
| 2024 Personal Amount | 2024 Tax Rate | 2023 Personal Amount | 2023 Tax Rate | ||||||
| $13,500 | 9.65% | $12,750 | 9.8% | ||||||
| Federal Basic Personal Amount | |||||||||
| 2024 Personal Amount Minimum / Maximum | 2024 Tax Rate | 2023 Personal Amount Minimum / Maximum | 2023 Tax Rate | ||||||
| $14,156 | $15,705 | 15% | $13,520 | $15,000 | 15% | ||||
| Ontario Tax Rates | |||||||||
| 2024 Taxable Income | 2024 Tax Rates | 2023 Taxable Income | 2023 Tax Rates | ||||||
| first $51,446 | 5.05% | first $49,231 | 5.05% | ||||||
| over $51,446 up to $102,894 | 9.15% | over $49,231 up to $98,463 | 9.15% | ||||||
| over $102,894 up to $150,000 | 11.16% | over $98,463 up to $150,000 | 11.16% | ||||||
| over $150,000 up to $220,000 | 12.16% | over $150,000 up to $220,000 | 12.16% | ||||||
| over $220,000 | 13.16% | over $220,000 | 13.16% | ||||||
| Combined Federal & Ontario Tax Brackets and Tax Rates Including Surtaxes | |||||||||
| 2024 Taxable Income | ON 2024 Marginal Tax Rates | 2023 Taxable Income | ON 2023 Marginal Tax Rates | ||||||
| Other Income |
Capital Gains |
Canadian Dividends | Other Income |
Capital Gains |
Canadian Dividends | ||||
| Eligible | Non-Eligible | Eligible | Non-Eligible | ||||||
| first $51,446 | 20.05% | 10.03% | -6.86% | 9.24% | first $49,231 | 20.05% | 10.03% | -6.86% | 9.24% |
| over $51,446 up to $55,867 | 24.15% | 12.08% | -1.20% | 13.95% | over $49,231 up to $53,359 | 24.15% | 12.08% | -1.20% | 13.95% |
| over $55,867 up to $90,599 | 29.65% | 14.83% | 6.39% | 20.28% | over $53,359 up to $86,698 | 29.65% | 14.83% | 6.39% | 20.28% |
| over $90,599 up to $102,894 | 31.48% | 15.74% | 8.92% | 22.38% | over $86,698 up to $98,463 | 31.48% | 15.74% | 8.92% | 22.38% |
| over $102,894 up to $106,732 | 33.89% | 16.95% | 12.24% | 25.16% | over $98,463 up to $102,135 | 33.89% | 16.95% | 12.24% | 25.16% |
| over $106,732 up to $111,733 | 37.91% | 18.95% | 17.79% | 29.78% | over $102,135 up to $106,717 | 37.91% | 18.95% | 17.79% | 29.78% |
| over $111,733 up to $150,000 | 43.41% | 21.70% | 25.38% | 36.10% | over $106,717 up to $150,000 | 43.41% | 21.70% | 25.38% | 36.10% |
| over $150,000 up to $173,205 | 44.97% | 22.48% | 27.53% | 37.90% | over $150,000 up to $165,430 | 44.97% | 22.48% | 27.53% | 37.90% |
| over $173,205 up to $220,000 | 48.29% | 24.14% | 32.11% | 41.72% | over $165,430 up to $220,000 | 48.29% | 24.14% | 32.11% | 41.72% |
| over $220,000 up to $246,752 | 49.85% | 24.92% | 34.26% | 43.51% | over $220,000 up to $235,675 | 49.85% | 24.92% | 34.26% | 43.51% |
| over $246,752 | 53.53% | 26.76% | 39.34% | 47.74% | over $235,675 | 53.53% | 26.76% | 39.34% | 47.74% |
|
Marginal tax rate for dividends is a % of
actual
dividends received (not grossed-up taxable amount). Marginal tax rate for capital gains is a % of total capital gains (not taxable capital gains). Gross-up rate for eligible dividends is 38%, and for non-eligible dividends is 15%. The surtax is calculated before deducting dividend tax credits. |
|||||||||
| Ontario Surtaxes | |||||||||
| 2024 | 2023 | ||||||||
| Surtax rate (included in above rates) | 20% | 36% | Surtax rate (included in above rates) | 20% | 36% | ||||
| Surtax is on ON tax greater than | $5,554 | $7,108 | Surtax is on ON tax greater than | $5,315 | $6,802 | ||||
| Person with only basic personal amount – surtax starts at taxable income of | $90,599 | $106,732 | Person with only basic personal amount – surtax starts at taxable income of | $86,698 | $102,135 | ||||
| The 36% surtax is in addition to
the 20% surtax, for a total surtax of 56%. The surtax increases the 13.16% tax rate to 20.53% (13.16% x 1.56). Surtaxes are calculated before deducting dividend tax credits. |
|||||||||
| Ontario Basic Personal Amount | |||||||||
| 2024 Personal Amount | 2024 Tax Rate | 2023 Personal Amount | 2023 Tax Rate | ||||||
| $12,399 | 5.05% | $11,865 | 5.05% | ||||||
| Federal Basic Personal Amount | |||||||||
| 2024 Personal Amount Minimum / Maximum | 2024 Tax Rate | 2023 Personal Amount Minimum / Maximum | 2023 Tax Rate | ||||||
| $14,156 | $15,705 | 15% | $13,520 | $15,000 | 15% | ||||
| Nova Scotia Tax Rates | |||||||||
| 2024 Taxable Income | 2024 Tax Rates | 2023 Taxable Income | 2023 Tax Rates | ||||||
| first $29,590 | 8.79% | first $29,590 | 8.79% | ||||||
| over $29,590 up to $59,180 | 14.95% | over $29,590 up to $59,180 | 14.95% | ||||||
| over $59,180 up to $93,000 | 16.67% | over $59,180 up to $93,000 | 16.67% | ||||||
| over $93,000 up to $150,000 | 17.50% | over $93,000 up to $150,000 | 17.50% | ||||||
| over $150,000 | 21.00% | over $150,000 | 21.00% | ||||||
| Combined Federal & Nova Scotia Tax Brackets and Tax Rates | |||||||||
| 2024 Taxable Income | NS 2024 Marginal Tax Rates | 2023 Taxable Income | NS 2023 Marginal Tax Rates | ||||||
| Other Income |
Capital Gains |
Canadian Dividends | Other Income |
Capital Gains |
Canadian Dividends | ||||
| Eligible | Non-Eligible | Eligible | Non-Eligible | ||||||
| first $25,000 | 23.79% | 11.90% | -0.11% | 13.54% | first $25,000 | 23.79% | 11.90% | -0.11% | 13.54% |
| over $25,000 up to $29,590 | 24.32% | 12.16% | 0.62% | 14.14% | over $25,000 up to $29,590 | 24.32% | 12.16% | 0.62% | 14.14% |
| over $29,590 up to $55,867 | 30.48% | 15.24% | 9.12% | 21.23% | over $29,590 up to $53,359 | 30.48% | 15.24% | 9.12% | 21.23% |
| over $55,867 up to $59,180 | 35.98% | 17.99% | 16.71% | 27.55% | over $53,359 up to $59,180 | 35.98% | 17.99% | 16.71% | 27.55% |
| over $59,180 up to $74,999 | 37.70% | 18.85% | 19.09% | 29.53% | over $59,180 up to $74,999 | 37.70% | 18.85% | 19.09% | 29.53% |
| over $74,999 up to $93,000 | 37.17% | 18.59% | 18.35% | 28.92% | over $74,999 up to $93,000 | 37.17% | 18.59% | 18.35% | 28.92% |
| over $93,000 up to $111,733 | 38.00% | 19.00% | 19.50% | 29.88% | over $93,000 up to $106,717 | 38.00% | 19.00% | 19.50% | 29.88% |
| over $111,733 up to $150,000 | 43.50% | 21.75% | 27.09% | 36.20% | over $106,717 up to $150,000 | 43.50% | 21.75% | 27.09% | 36.20% |
| over $150,000 up to $173,205 | 47.00% | 23.50% | 31.92% | 40.23% | over $150,000 up to $165,430 | 47.00% | 23.50% | 31.92% | 40.23% |
| over $173,205 up to $246,752 | 50.32% | 25.16% | 36.50% | 44.05% | over $165,430 up to $235,675 | 50.32% | 25.16% | 36.50% | 44.05% |
| over $246,752 | 54.00% | 27.00% | 41.58% | 48.28% | over $235,675 | 54.00% | 27.00% | 41.58% | 48.28% |
|
Marginal tax rate for dividends is a % of actual
dividends received (not grossed-up taxable amount). Marginal tax rate for capital gains is a % of total capital gains (not taxable capital gains). Gross-up rate for eligible dividends is 38%, and for non-eligible dividends is 15%. |
|||||||||
| Nova Scotia Basic Personal Amount | |||||||||
| 2024 Personal Amoun t | 2024 Tax Rate | 2023 Personal Amoun t | 2023 Tax Rate | ||||||
| $8,481 | 8.79% | $8,481 | 8.79% | ||||||
| Federal Basic Personal Amount | |||||||||
| 2024 Personal Amount Minimum / Maximum | 2024 Tax Rate | 2023 Personal Amount Minimum / Maximum | 2023 Tax Rate | ||||||
| $14,156 | $15,705 | 15% | $13,520 | $15,000 | 15% | ||||
| Newfoundland & Labrador Tax Rates | ||||||||||
| 2024 Taxable Income | 2024 Tax Rates | 2023 Taxable Income | 2023 Tax Rates | |||||||
| first $43,198 | 8.7% | first $41,457 | 8.7% | |||||||
| over $43,198 up to $86,395 | 14.5% | over $41,457 up to $82,913 | 14.5% | |||||||
| over $86,395 up to $154,244 | 15.8% | over $82,913 up to $148,027 | 15.8% | |||||||
| over $154,244 up to $215,943 | 17.8% | over $148,027 up to $207,239 | 17.8% | |||||||
| over $215,943 up to $275,870 | 19.8% | over $207,239 up to $264,750 | 19.8% | |||||||
| over $275,870 up to $551,739 | 20.8% | over $264,750 up to $529,500 | 20.8% | |||||||
| over $551,739 up to $1,103,478 | 21.3% | over $529,500 up to $1,059,000 | 21.3% | |||||||
| over $1,103,478 | 21.8% | over $1,059,000 | 21.8% | |||||||
| Combined Federal & Newfoundland & Labrador Tax Brackets and Tax Rates | |||||||||
| 2024 Taxable Income | NL 2024 Marginal Tax Rates | 2023 Taxable Income | NL 2023 Marginal Tax Rates | ||||||
| Other Income |
Capital Gains |
Canadian Dividends | Other Income |
Capital Gains |
Canadian Dividends | ||||
| Eligible | Non-Eligible | Eligible | Non-Eligible | ||||||
| first $43,198 | 23.70% | 11.85% | 3.28% | 13.19% | first $41,457 | 23.70% | 11.85% | 3.28% | 13.19% |
| over $43,198 up to $55,867 | 29.50% | 14.75% | 11.29% | 19.86% | over $41,457 up to $53,359 | 29.50% | 14.75% | 11.29% | 19.86% |
| over $55,867 up to $86,395 | 35.00% | 17.50% | 18.88% | 26.19% | over $53,359 up to $82,913 | 35.00% | 17.50% | 18.88% | 26.19% |
| over $86,395 up to $111,733 | 36.30% | 18.15% | 20.67% | 27.68% | over $82,913 up to $106,717 | 36.30% | 18.15% | 20.67% | 27.68% |
| over $111,733 up to $154,244 | 41.80% | 20.90% | 28.26% | 34.01% | over $106,717 up to $148,027 | 41.80% | 20.90% | 28.26% | 34.01% |
| over $154,244 up to $173,205 | 43.80% | 21.90% | 31.02% | 36.31% | over $148,027 up to $165,430 | 43.80% | 21.90% | 31.02% | 36.31% |
| over $173,205 up to $215,943 | 47.12% | 23.56% | 35.60% | 40.13% | over $165,430 up to $207,239 | 47.12% | 23.56% | 35.60% | 40.13% |
| over $215,943 up to $246,752 | 49.12% | 24.56% | 38.36% | 42.43% | over $207,239 up to $235,675 | 49.12% | 24.56% | 38.36% | 42.43% |
| over $246,752 up to $275,870 | 52.80% | 26.40% | 43.44% | 46.66% | over $235,675 up to $264,750 | 52.80% | 26.40% | 43.44% | 46.66% |
| over $275,870 up to $551,739 | 53.80% | 26.90% | 44.82% | 47.81% | over $264,750 up to $529,500 | 53.80% | 26.90% | 44.82% | 47.81% |
| over $551,739 up to $1,103,478 | 54.30% | 27.15% | 45.51% | 48.38% | over $529,500 up to $1,059,000 | 54.30% | 27.15% | 45.51% | 48.38% |
| over $1,103,478 | 54.80% | 27.40% | 46.20% | 48.96% | over $1,059,000 | 54.80% | 27.40% | 46.20% | 48.96% |
|
Marginal tax rate for dividends is a % of actual
dividends received (not grossed-up taxable amount). Marginal tax rate for capital gains is a % of total capital gains (not taxable capital gains). Gross-up rate for eligible dividends is 38%, and for non-eligible dividends is 15%. |
|||||||||
| Newfoundland & Labrador Basic Personal Amount | |||||||||
| 2024 Personal Amount | 2024 Tax Rate | 2023 Personal Amount | 2023 Tax Rate | ||||||
| $10,818 | 8.7% | $10,382 | 8.7% | ||||||
| Federal Basic Personal Amount | |||||||||
| 2024 Personal Amount Minimum / Maximum | 2024 Tax Rate | 2023 Personal Amount Minimum / Maximum | 2023 Tax Rate | ||||||
| $14,156 | $15,705 | 15% | $13,520 | $15,000 | 15% | ||||
Calgary Alberta
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