Tax Tables

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Personal Tax Rates

 

2022 Employment / other income Eligible dividends Other than eligible dividends Capital gains Highest Tax Bracket
Federal Only 33.00% 24.81% 27.57% 16.50% $221,708
Combined Federal & Provincial Rates:
Alberta 48.00% 34.31% 42.31% 24.00% $314,928
British Columbia 53.50% 36.54% 48.89% 26.75% $227,091
Saskatchewan 47.50% 29.64% 41.82% 23.75% $221,708
Manitoba 50.40% 37.78% 46.67% 25.20% $221,708
Ontario 53.53% 39.34% 47.74% 26.76% $221,708
Quebec 53.31% 40.11% 47.80% 26.65% $221,708
New Brunswick 53.30% 33.51% 47.75% 26.65% $221,708
Nova Scotia 54.00% 41.58% 48.28% 27.00% $221,708
Prince Edward Island 51.37% 34.22% 47.05% 25.69% $221,708
Newfoundland and Labrador 54.80% 46.20% 48.96% 27.40% $1,000,000
Northwest Territories 47.05% 28.33% 36.82% 23.53% $221,708
Nunavut 44.50% 33.08% 37.79% 22.25% $221,708
Yukon 48.00% 28.93% 44.05% 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
2021 6,000 75,500
2022 6,000 81,500

 

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
2021 892,218 1,000,000
2022 913,630 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
2021 27,830 March 1, 2022
2022 29,210 March 1, 2023