Personal Tax Rates

 

2019 Employment / other income Eligible dividends Other than eligible dividends Capital gains Highest Tax Bracket
Federal Only 33.00% 24.81% 27.57% 16.50% 210,371
Combined Federal & Provincial Rates:          
Alberta 48.00% 31.71% 42.30% 24.00% 314,928
British Columbia 49.80% 31.44% 44.64% 24.90% 210,371
Saskatchewan 47.50% 37.78% 46.67% 23.75% 210,371
Manitoba 50.40% 37.78% 46.67% 25.20% 210,371
Ontario 53.53% 39.34% 47.40% 25.20% 220,000
Quebec 53.31% 39.34% 47.40% 26.65% 210,371
New Brunswick 53.30% 33.51% 47.40% 26.65% 210,371
Nova Scotia 54.00% 41.58% 48.27% 27.00% 210,371
Prince Edward Island 51.37% 35.67% 45.54% 25.69% 210,371
Newfoundland and Labrador 51.30% 42.61% 44.59% 25.65% 210,371
Northwest Territories 47.05% 28.33% 36.82% 23.53% 210,371
Nunavut 47.05% 33.08% 37.79% 22.25% 210,371
Yukon 48.00% 33.08% 42.17% 24.00% 500,000
2020          
Federal Only 33.00% 24.81% 27.57% 16.50% 214,368
Combined Federal & Provincial Rates:          
Alberta 48.00% 31.71% 42.30% 24.0% 314,928
British Columbia 53.50% 36.54% 48.89% 26.75% 220,000
Saskatchewan 47.50% 29.64% 40.76% 23.75% 214,368
Manitoba 50.40% 37.78% 46.67% 25.20% 214,368
Ontario 53.53% 39.34% 47.74% 26.76% 220,000
Quebec 53.31% 36.69% 45.43% 26.65% 214,368
New Brunswick 53.30% 33.51% 47.75% 26.65% 214,368
Nova Scotia 54.00% 41.58% 48.27% 27.00% 214,368
Prince Edward Island 214,368 214,368 45.43% 25.69% 214,368
Newfoundland and Labrador 51.30% 42.61% 44.59% 25.65% 214,368
Northwest Territories 47.05% 28.33% 36.82% 23.53% 214,368
Nunavut 44.50% 33.08% 37.79% 37.79% 214,368
Yukon 48.00% 48.00% 42.17% 24.00% 500,000

 

 

TFSA Contribution Room History

 

Tax Year Annual Limit Cumulative Total
2009 5,000 5,000
2010 5,000  10,000
2011 5,000 15,000
2012 5,000  20,000
2013 5,000  25,500
2014 5,000  31,000
2015 10,000 41,000
2016 5,500 46,500
2017 5,500 52,000
2018 5,500 57,500
2019 6,000 63,500
2020 6,000 69,500

 

 

Lifetime Capital Gains Exemption

 

Tax Year Qualified Small Business Corporation Shares Qualified Farm or Fishing Property
2019 866,912 1,000,000
2020 883,383 1,000,000

 

 

RRSP Contribution Limits

 

Tax Year Annual max deduction limit (1) Contribution deadline
2019 26,500 March 2, 2020
2020 27,230 March 1, 2021

(1) – Annual deduction limit is the lesser of 18% of earned income or the maximum deduction limit.
Unused deduction limit for a taxation year is carried over to the next.

 

 

 

Disclaimer:
The above tax rates are for informational purposes only. Caution must be exercised with respect to the use of the information due to possible misinterpretation or misapplication of the tax rates.