Excerpt from CRA Website
Federal tax rates for 2023
- 15% on the portion of taxable income that is $53,359 or less, plus
- 20.5% on the portion of taxable income over $53,359 up to $106,717, plus
- 26% on the portion of taxable income over $106,717 up to $165,430, plus
- 29% on the portion of taxable income over $165,430 up to $235,675, plus
- 33% on the portion of taxable income over $235,675
Provincial and territorial tax rates for 2023
Taxes for all provinces and territories (except Quebec) are calculated the same way as federal tax.
Form 428 is used to calculate your provincial or territorial tax. Provincial or territorial non-refundable tax credits are also calculated on Form 428.
| Provinces and territories | Rates |
|---|---|
| Newfoundland and Labrador | 8.7% on the portion of your taxable income that is $41,457 or less, plus14.5% on the portion of your taxable income over $41,457 up to $82,913, plus15.8% on the portion of your taxable income over $82,913 up to $148,027, plus17.8% on the portion of your taxable income over $148,027 up to $207,239, plus19.8% on the portion of your taxable income over $207,239 up to $264,750, plus20.8% on the portion of your taxable income over $264,750 up to $529,500, plus21.3% on the portion of your taxable income over $529,500 up to $1,059,000, plus21.8% on the portion of your taxable income over $1,059,000 |
| Prince Edward Island | 9.8% on the portion of your taxable income that is $31,984 or less, plus13.8% on the portion of your taxable income over $31,984 up to $63,969, plus16.7% on the portion of your taxable income over $63,969 |
| Nova Scotia | 8.79% on the portion of your taxable income that is $29,590 or less, plus14.95% on the portion of your taxable income over $29,590 up to $59,180, plus16.67% on the portion of your taxable income over $59,180 up to $93,000, plus17.5% on the portion of your taxable income over $93,000 up to $150,000, plus21% on the portion of your taxable income over $150,000 |
| New Brunswick | 9.4% on the portion of your taxable income that is $47,715 or less, plus14% on the portion of your taxable income over $47,715 up to $95,431, plus16% on the portion of your taxable income over $95,431 up to $176,756, plus19.5% on the portion of your taxable income over $176,756 |
| Quebec | Go to Income tax rates (Revenu Québec). |
| Ontario | 5.05% on the portion of your taxable income that is $49,231 or less, plus9.15% on the portion of your taxable income over $49,231 up to $98,463, plus11.16% on the portion of your taxable income over $98,463 up to $150,000, plus12.16% on the portion of your taxable income over $150,000 up to $220,000, plus13.16% on the portion of your taxable income over $220,000 |
| Manitoba | 10.8% on the portion of your taxable income that is $36,842 or less, plus12.75% on the portion of your taxable income over $36,842 up to $79,625, plus17.4% on the portion of your taxable income over $79,625 |
| Saskatchewan | 10.5% on the portion of your taxable income that is $49,720 or less, plus12.5% on the portion of your taxable income over $49,720 up to $142,058, plus14.5% on the portion of your taxable income over $142,058 |
| Alberta | 10% on the portion of your taxable income that is $142,292 or less, plus12% on the portion of your taxable income over $142,292 up to $170,751, plus13% on the portion of your taxable income over $170,751 up to $227,668, plus14% on the portion of your taxable income over $227,668 up to $341,502, plus15% on the portion of your taxable income over $341,502 |
| British Columbia | 5.06% on the portion of your taxable income that is $45,654 or less, plus7.7% on the portion of your taxable income over $45,654 up to $91,310, plus10.5% on the portion of your taxable income over $91,310 up to $104,835, plus12.29% on the portion of your taxable income over $104,835 up to $127,299, plus14.7% on the portion of your taxable income over $127,299 up to $172,602, plus16.8% on the portion of your taxable income over $172,602 up to $240,716, plus20.5% on the portion of your taxable income over $240,716 |
| Yukon | 6.4% on the portion of your taxable income that is $53,359 or less, plus9% on the portion of your taxable income over $53,359 up to $106,717, plus10.9% on the portion of your taxable income over $106,717 up to $165,430, plus12.8% on the portion of your taxable income over $165,430 up to $500,000, plus15% on the portion of your taxable income over $500,000 |
| Northwest Territories | 5.9% on the portion of your taxable income that is $48,326 or less, plus8.6% on the portion of your taxable income over $48,326 up to $96,655, plus12.2% on the portion of your taxable income over $96,655 up to $157,139, plus14.05% on the portion of your taxable income over $157,139 |
| Nunavut | 4% on the portion of your taxable income that is $50,877 or less, plus7% on the portion of your taxable income over $50,877 up to $101,754, plus9% on the portion of your taxable income over $101,754 up to $165,429, plus11.5% on the portion of your taxable income over $165,429 |