The following information has been taken from the Canada Revenue Agency website. Please visit them at https://www.canada.ca/en/financial-consumer-agency/services/financial-toolkit/taxes/taxes-2/6.html

Federal tax rates for 2022

  • 15% on the first $50,197 of taxable income, plus

  • 20.5% on the next $50,195 of taxable income (on the portion of taxable income over $50,197 up to $100,392), plus

  • 26% on the next $55,233 of taxable income (on the portion of taxable income over $100,392 up to $155,625), plus

  • 29% on the next $66,083 of taxable income (on the portion of taxable income over $155,625 up to $221,708), plus

  • 33% of taxable income over $221,708

Provincial and territorial tax rates for 2022

Tax for all provinces (except Quebec) and territories is calculated the same way as federal tax.

Form 428 is used to calculate this provincial or territorial tax. Provincial or territorial specific non-refundable tax credits are also calculated on Form 428.

Provincial and territorial tax rates

Newfoundland and Labrador

8.7% on the first $39,147 of taxable income, +
14.5% on the next $39,147, +
15.8% on the next $61,486, +
17.8% on the next $55,913, +
19.8% on the next $54,307, +
20.8% on the next $250,000, +
21.3% on the next $500,000, +
21.8% on the amount over $1,000,000

Prince Edward Island

9.8% on the first $31,984 of taxable income, +
13.8% on the next $31,985, +
16.7% on the amount over $63,969

Nova Scotia

8.79% on the first $29,590 of taxable income, +
14.95% on the next $29,590, +
16.67% on the next $33,820, +
17.5% on the next $57,000, +
21% on the amount over $150,000

New Brunswick

9.40% on the first $44,887 of taxable income, +
14.82% on the next $44,888, +
16.52% on the next $56,180, +
17.84% on the next $20,325, +
20.3% on the amount over $166,280

Quebec

15% on the first $46,295  of taxable income, +
20% on the next $46,285, +
24% on the next $20,075, +
25.75% on the amount over $112,655

Ontario

5.05% on the first $46,226 of taxable income, +
9.15% on the next $46,228, +
11.16% on the next $57,546, +
12.16% on the next $70,000, +
13.16% on the amount over $220,000

Manitoba

10.8% on the first $34,431 of taxable income, +
12.75% on the next $39,985, +
17.4% on the amount over $74,716

Saskatchewan

10.5% on the first $46,773 of taxable income, +
12.5% on the next $86,865, +
14.5% on the amount over $133,638

Alberta

10% on the first $131,220 of taxable income, +
12% on the next $26,244, +
13% on the next $52,488, +
14% on the next $104,976, +
15% on the amount over $314,928

British Columbia

5.06% on the first $43,070 of taxable income, +
7.7% on the next $43,071, +
10.5% on the next $12,760, +
12.29% on the next $21,193, +
14.7% on the next $42,738, +
16.8% on the next $64,259, +
20.5% on the amount over $227,090

Yukon

6.4% on the first $50,197 of taxable income, +
9% on the next $50,195, +
10.9% on the next $55,233, +
12.8% on the next $344,375, +
15% on the amount over $500,000

Northwest Territories

5.9% on the first $45,462  of taxable income, +
8.6% on the next $45,465, +
12.2% on the next $56,899, +
14.05% on the amount over $147,826

Nunavut

4% on the first $47,862 of taxable income, +
7% on the next $47,862, +
9% on the next $59,901, +
11.5% on the amount over $155,625