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% | 42.30% | 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.