Canada’s Income Tax Bracket Updates

Tax Changes

We at Calcul-taxes want to ensure you have all of the information you need to file your taxes, either on your own or with some help from us.

Federal Income Tax Brackets of Canada for 2020 tax-year:

Tax Rate

Tax Bracket

Taxable Annual Income

15% on the first $48,535 $0 to $48,535
20.5% on the next $48,534 $48,536 up to $97,069
26% on the next $53,404 $97,070 up to $150,473
29% on the next $63,895 $150,474 up to $214,368
33% on the portion over $214,368 over $214,368

Calculate Online 2020 Canada Income Tax

Federal Income Tax Brackets of Canada for 2021 tax-year:

Tax Rate

Tax Bracket

Taxable Annual Income

 15%  on the first $49,020  $0 to $49,020
 20.5%  on the next $49,020   $49,021 up to $98,040
 26%  on the next $53,939  $98,041 up to $151,978
 29%  on the next $64,533   $151,979 up to $216,511
 33%  on the portion over $216,511  $216,512 and up

Calculate 2021 Canada Income Tax (Coming Soon)

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