Canada Marginal Tax Rates 2024

Canada Marginal Tax Rates 2024. 20.5% on income over $55,867 up to $111,733, plus;. Add the two together and, bam, you’ve got your “marginal tax rate,” the combined federal and provincial/territorial income taxes you pay on all sources of income at tax time.

The 2025 yampe will be $81,200.00—up from $73,200.00 in 2024. Ontario’s marginal tax rate increases as.