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Tax tables Thumbnail

Tax tables

Selected non-refundable tax credits – 2021


Selected non-refundable tax credit  - 2021
Factors Federal Provincial



BC AB SK MB ON QC NB NS PE NL YK NT NU
















General factor1 15 5.06 10 10.5 10.8 5.05 15 9.4 8.79 9.8 8.7 6.4 5.9 4
Increase due to Surtax2




1.2 or 1.56


1.1




Maximum Amounts for
Selected Tax Credits
Federal Provincial

BC AB SK MB ON QC NB NS PE NL YK NT NU
Basic        13,808         11,070        19,369         16,225        9,936          10,880          15,728         10,564        8,481        10,500        9,536         13,808         15,243         16,467
Spouse        13,808        9,479        19,369      16,225        9,134         9,238


       8,970        8,481          8,918        7,792      13,808      15,243      16,467
Equivalent to spouse
Age 65          7,713        4,964          5,397        4,943        3,728         5,312            3,308        5,158        4,141          3,764        6,087        7,713        7,456         10,512


Net Income Threshold
      38,893        36,954          40,179        36,794        27,749         39,546         35,650        38,400        30,828          28,019        33,359        38,893        38,893        38,893
Disability


Basic
         8,662        8,303        14,940        9,559        6,180         8,790            3,492        8,552        7,341          6,890        6,435        8,662         12,361         14,016


Under 18 Supplement
         5,053           4,844        11,212        9,559        3,605         5,127
       4,989        3,449          4,019        3,028           5,053           5,053           5,053

Infirm dependant (18 or over)          7,348



        5,128




          7,348

Caregiver
       4,844        11,212        9,559 3,605

       4,989        4,898 2,446 3,028
       5,052        5,052
Pension income          2,000        1,000          1,491        1,000        1,000         1,504            2,939        1,000        1,173          1,000        1,000        2,000        1,000        2,000
Child (each child under 18)


       6,155









Child (each child under 6)







       1,200          1,200


       1,200
Adoption        16,729      16,729        13,247
     10,000       13,274



     12,869      16,729

CPP/QPP3

         3,166        3,166          3,166        3,166        3,166         3,166
       3,166        3,166          3,166        3,166        3,166        3,166        3,166
Employment Insurance (EI)

            890           890             890           890           890            890
          890           890             890           890           890           890           890
Canada Employment          1,257









       1,257

Education (per month)5


Full-time



          400


          200             400           200
          400           400

Part-time



          120


            60             120             60
          120           120
Textbook (per month)5














Full-time












            65

Part-time












            20


















 


This table presents maximum amounts for selected non-refundable tax credits. Further information on tax credits, as well as thresholds and rules to claim each credit can be found in the tax return guides for each province (except Quebec) on the CRA site at https://www.canada.ca/en/ revenue-agency/services/forms-publications/tax-packages-years/general-income-taxbenefit- package.html. Quebec residents can find information on federal credits on the CRA site and Quebec credits on the Revenu Quebec site at https://www.revenuquebec.ca/en/citizens/ tax-credits/.

1. The general factor, multiplied by the federal or provincial/territorial amount, yields the value of the federal or provincial/ territorial non-refundable tax credit. For Quebec taxpayers, the factor for each federal credit is reduced by 16.5% due to the federal tax abatement.
2. Where provincial/territorial surtaxes apply, the value of the credits shown will be higher by the factors indicated. 
3. For residents of Quebec, the maximum federal credit for QPP contributions is $2,991. 
4. For residents of Quebec, the federal EI plan does not provide maternity or parental benefits therefore the maximum federal credit for EI contributions is $664. The Quebec Parental Insurance Plan (QPIP) is a separate plan for maternity, paternity, parental and adoption benefits and for QPIP the maximum federal credit for contributions is $402. 
5. The federal education and textbook tax credits were eliminated effective January 1, 2017. Unused education and textbook credit amounts carried forward from years prior to 2018 will remain available to be claimed in 2018 and subsequent years. 


Combined Federal & Provincial top rates, Federal & Provincial tax brackets & surtaxes for 20211







2021
2021
Selected non-refundable tax credits2 Salary/ Interest Capital Gains Eligible Dividend3 Ineligible Dividend4
Tax Rates & Brackets Surtaxes & Thresholds5

(%) (%) (%) (%)
(%) ($) ($) (%) ($)

Federal PE 13,808 33.00 16.50 24.81 27.57
15.00 0 49,020










PIC 2,000




20.50 49,021 98,040

Age 7,713 @ 38,893




26.00 98,041 151,978







29.00 151,979 216,511







33.00 216,512 +


British
Columbia
PE 11,070 53.50 26.75 36.54 48.89
5.06 0 42,184

PIC 1,000




7.70 42,185 84,369












Age 4,964 @ 36,954




10.50 84,370 96,866







12.29 96,867 117,623







14.70 117,624 159,483







16.80 159,484 222,420







20.50 222,421 +


Alberta PE 19,369 48.00 24.00 34.31 42.31
10.00 0 131,220










PIC 1,491




12.00 131,221 157,464

Age 5,397 @ 40,179




13.00 157,465 209,952







14.00 209,953 314,928







15.00 314,929 +


Saskatchewan PE 16,225 47.50 23.75 29.64 42.29
10.50 0 45,677






PIC 1,000




12.50 45,678 130,506

Age 1,305 + 4,943 @ 36,794



14.50 130,507 +


Manitoba PE 9,936 50.40 25.20 37.78 46.67
10.80 0 33,723






PIC 1,000




12.75 33,724 72,885

Age 3,728 @ 27,749




17.40 72,886 +












Ontario PE 10,880 53.53 26.76 39.34 47.74
5.05 0 45,142










PIC 1,504




9.15 45,143 90,287 20 4,874
Age 5,312 @ 39,546




11.16 90,288 150,000 36 6,237






12.16 150,001 220,000







13.16 220,001 +


Quebec PE 15,728 53.31 26.65 40.11 48.02
15.00 0 45,105








PIC 2,939




20.00 45,106 90,200

Age 3,308 @ 35,650




24.00 90,201 109,755







25.75 109,756 +


New Brunswick PE 10,564 53.30 26.65 33.51 47.75
9.40 0 43,835










PIC 1,000




14.82 43,836 87,671

Age 5,158 @ 38,400




16.52 87,672 142,534







17.84 142,535 162,383







20.30 162,384 +


Nova Scotia PE 8,481 54.00 27.00 41.58 48.28
8.79 0 29,590










PIC 1,173




14.95 29,591 59,180

Age 4,141 @ 30,828




16.67 59,181 93,000







17.50 93,001 150,000







21.00 150,001 +


Prince Edward Island PE 10,500 51.37 25.69 34.22 46.21
9.80 0 31,984






PIC 1,000




13.80 31,985 63,969 10 12,500
Age 3,764 @ 28,019




16.70 63,970 +


Newfoundland
and Labrador
PE 9,536 51.30 25.65 42.61 44.59
8.70 0 38,081

PIC 1,000




14.50 38,082 76,161








Age 6,087 @ 33,359




15.80 76,162 135,973







17.30 135,974 190,363







18.30 190,364 +


Yukon PE 13,808 48.00 24.00 28.93 44.04
6.40 0 49,020










PIC 2,000




9.00 49,021 98,040

Age 7,713 @ 38,893




10.90 98,041 151,978







12.80 151,979 500,000







15.00 500,001 +


Northwest
Territories
PE 15,243 47.05 23.53 28.33 36.82
5.90 0 44,396

PIC 1,000




8.60 44,397 88,796






Age 7,456 @ 38,893




12.20 88,797 144,362







14.05 144,363 +


Nunavut PE 16,467 44.50 22.25 33.08 37.79
4.00 0 46,740








PIC 2,000




7.00 46,741 93,480

Age 10,512 @ 38,893




9.00 93,481 151,978







11.50 151,979 +


Non-Resident
48.84 24.42 36.72 40.80
7.68 0 49,020














9.84 49,021 98,040







12.48 98,041 151,978







13.92 151,979 216,511







15.84 216,512 +

1.Rates of tax based on publicly available information as of February 2020
2.Non-refundable tax credits are generally calculated at the lowest marginal rate. For example, federal tax credits are at 15%. All provinces use the rate for the first bracket. PE: Basic Personal Exemption, PIC: Pension Income Credit, Age: Credit reduced if income exceed specified limit.
3 Eligible Dividends: Dividends paid by corporations resident in Canada from income that has been subject to the general federal corporate tax rate (public corporations, CCPCs from eligible dividends received from public corporations, other Canadian resident corporations subject to the general corporate rate).
4. Ineligible Dividends: Dividends paid by Canadian Controlled Private Corporations (CCPC) that is from income that is eligible for the small business deduction (SBD) or from investment income other than income from eligible dividends from public corporations.
5 Surtaxes apply to provincial tax above the threshold.


2021 Effective income tax rates for individuals 

Prepared from information available at July 2021. 

This table shows combined federal and provincial or territorial taxes, including surtaxes, on interest or ordinary income, assuming only the basic personal tax credit is claimed (except non-residents – see note 1). 

 

 Taxable
 Income 

BC AB SK MB ON QC NB NS PE NL YK NT NU 
NR1
                     20,000
6.9% 5.0% 6.6% 10.1% 6.9% 7.1% 9.1% 8.4% 9.3% 9.2% 6.6% 6.0% 5.4%
11.8%
                     25,000
9.5% 9.0% 10.4% 13.2% 9.6% 11.2% 12.1% 11.5% 12.4% 12.1% 9.6% 9.0% 8.1%
13.9%
                     30,000
11.3% 11.6% 12.9% 15.3% 11.3% 13.9% 14.2% 13.7% 14.5% 14.0% 11.6% 11.0% 9.9%
15.3%
                     35,000
12.5% 13.5% 14.7% 16.9% 12.6% 15.8% 15.6% 16.1% 16.3% 15.4% 13.0% 12.4% 11.2%
16.3%
                     40,000
13.5% 15.0% 16.1% 18.2% 13.5% 17.3% 16.7% 17.9% 17.9% 16.7% 14.0% 13.5% 12.2%
17.0%
                     45,000
14.4% 16.1% 17.1% 19.3% 14.2% 18.4% 17.7% 19.3% 19.1% 18.1% 14.8% 14.3% 12.9%
17.6%
                     50,000
15.3% 17.1% 18.2% 20.3% 15.3% 19.9% 19.0% 20.5% 20.1% 19.4% 15.6% 15.4% 13.8%
18.2%
                     55,000
16.5% 18.3% 19.6% 21.4% 16.6% 21.5% 20.5% 21.9% 21.4% 20.8% 16.9% 16.6% 15.1%
19.3%
                     60,000
17.5% 19.3% 20.7% 22.4% 17.7% 22.8% 21.8% 23.1% 22.5% 22.0% 18.0% 17.7% 16.1%
20.2%
                     70,000
19.0% 20.9% 22.5% 24.0% 19.4% 24.8% 23.7% 25.2% 24.4% 23.8% 19.6% 19.3% 17.7%
21.7%
                     80,000
20.1% 22.1% 23.8% 25.5% 20.7% 26.4% 25.2% 26.7% 26.0% 25.3% 20.8% 20.5% 19.0%
22.8%
                     90,000
21.2% 23.1% 24.8% 26.9% 21.9% 27.6% 26.3% 27.9% 27.3% 26.5% 21.8% 21.5% 19.9%
23.6%
                   100,000
22.4% 23.9% 25.7% 28.1% 23.5% 29.0% 27.5% 29.0% 28.4% 27.6% 22.7% 22.7% 20.9%
24.4%
                   110,000
23.8% 25.0% 26.9% 29.5% 25.3% 30.5% 28.9% 30.3% 29.8% 28.9% 24.0% 24.2% 22.2%
25.7%
                   120,000
25.1% 25.9% 27.9% 30.7% 26.8% 31.9% 30.0% 31.4% 31.0% 30.0% 25.1% 25.3% 23.3%
26.8%
                   130,000
26.3% 26.7% 28.7% 31.6% 28.1% 33.1% 31.0% 32.3% 32.1% 30.9% 26.0% 26.3% 24.2%
27.7%
                   140,000
27.3% 27.5% 29.5% 32.5% 29.2% 34.2% 31.8% 33.1% 32.9% 31.3% 26.8% 27.2% 24.9%
28.5%
                   150,000
28.2% 28.2% 30.2% 33.2% 30.1% 35.0% 32.6% 33.8% 33.7% 32.2% 27.4% 28.0% 25.6%
29.1%
                   200,000
32.5% 31.6% 33.6% 36.6% 34.6% 38.8% 36.6% 37.9% 37.2% 36.0% 31.1% 31.8% 29.4%
32.6%
                   300,000
39.0% 36.5% 38.0% 41.0% 40.6% 43.5% 42.0% 43.1% 41.7% 40.9% 35.8% 36.7% 34.2%
37.7%
                   400,000
42.7% 39.4% 40.4% 43.3% 43.8% 45.9% 44.8% 45.8% 44.1% 43.5% 38.3% 39.3% 36.8%
40.5%
                   500,000
44.8% 41.1% 41.8% 44.7% 45.8% 47.4% 46.5% 47.4% 45.6% 45.1% 39.8% 40.8% 38.3%
42.2%
                   750,000
47.7% 43.4% 43.7% 46.6% 48.4% 49.4% 48.8% 49.6% 47.5% 47.1% 42.5% 42.9% 40.4%
44.4%
                1,000,000
49.2% 44.5% 44.7% 47.6% 49.7% 50.4% 49.9% 50.7% 48.5% 48.2% 43.9% 43.9% 41.4%
45.5%

















1 Assumes that non-residents will not qualify for the federal personal basic credit
 Top Marginal
 Tax Rates 

BC AB SK MB ON QC NB NS PE NL YK NT NU 
NR1
 Eligible Dividends 
36.54% 34.31% 29.64% 37.78% 39.34% 40.11% 33.51% 41.58% 34.22% 42.61% 28.93% 28.33% 33.08%
36.72%
 Ineligible Dividends 
48.89% 42.31% 42.29% 46.67% 47.74% 48.02% 47.75% 48.28% 46.21% 44.59% 44.04% 36.82% 37.79%
40.80%
 Capital Gains 
24.90% 24.00% 23.75% 25.20% 26.77% 26.66% 26.65% 27.00% 25.69% 25.65% 24.00% 23.53% 22.25%
24.42%
 Other Income 
53.50% 48.00% 47.50% 50.40% 53.53% 53.31% 53.30% 54.00% 51.37% 51.30% 48.00% 47.05% 44.50%
48.84%


1 Assumes that non-residents will not qualify for the federal personal basic credit. 


 
Provincial probate/verification fees and tax chart 

Province  Value of estates  Fees/tax



British Columbia  Up to $25,000  $0 

$25,001 to $50,000  $6 per $1,000 in excess of $25,000 

$50,001 or more  $14 per $1,000 in excess of $50,000 
Alberta  Up to $10,000  $35 

$10,001 to $25,000  $135 

$25,001 to $125,000  $275 

$125,001 to $250,000  $400 

$250,001 or more  $525 maximum 
Saskatchewan  Any amount  $7 per $1,000 or portion thereof 
Manitoba1  Up to $10,000  $70 

$10,001 or more  $70 + $7 per $1,000 or fraction thereof in excess of $10,000 
Ontario  Up to $50,000  $0 

$50,001 or more  $15 per $1,000 or portion thereof in excess of $50,000 
Quebec  Non-notarial will  N/A – court verification fee only 

Notarial will  No fee 
New Brunswick  Up to $5,000  $25 

$5,001 to $10,000  $50 

$10,001 to $15,000  $75 

$15,001 to $20,000  $100 

$20,001 or more  $5 per $1,000 or portion thereof in excess of $20,000 (0.5%) 
Prince Edward Island  Up to $10,000  $50 

$10,001 to $25,000  $100 

$25,001 to $50,000  $200 

$50,001 to $100,000  $400 

$100,001 or more  $400 + $4 per $1,000 or fraction thereof in excess of $100,000 
Nova Scotia  Up to $10,000  $85.60 

$10,001 to $25,000  $215.20 

$25,001 to $50,000  $358.15 

$50,001 to $100,000  $1,002.65 

$100,001 or more  $1,002.65 +$16.95 per $1,000 or fraction thereof in excess of $100,000 
Newfoundland and Labrador  Up to $1,000  $60 

$1,001 or more  $60 + $0.60 per $100 in excess of $1,000 (0.6%) 
Northwest Territories  Up to $10,000  $30 

$10,001 to $25,000  $110 

$25,001 to $125,000  $215 

$125,001 to $250,000  $325 

$250,001 or more  $435 
Yukon  Up to $25,000  $0 

$25,001 or more  $140 
Nunavut  Up to $10,000  $25 

$10,001 to $25,000  $100 

$25,001 to $125,000  $200 

$125,001 to $250,000  $300 

$250,001 or more  $400 

1 Probate fees in Manitoba will be eliminated effective July 1, 2020. For a probate application made on or after July 1, 2005 and before July 1, 2020, the probate fees outlined here will still apply. 
Notes: 
Some provinces may also charge filing fees and other administrative costs. Provincial legislation must be reviewed to understand all applicable fees and costs. 
The value of estates is calculated according to the rules of each province, which may or may not allow deductions for such things as specific debts or property (real or personal) located outside the province. 
Fees may be payable in more than one province. 
As of October 2019, subject to change where amendments to provincial legislation and regulations occur.


Tip 

For current probate and verification fees, visit Advisor Portal (login required). 


Key Corporate Income Tax Rates (combined Federal & Provincial) 

For December 31 year end (12 month taxation year) 

2021 rates 

 

Jurisdiction General  CCPC 
Non-M&P investment (%)  M&P (%)  Active business income  Investment income (%) 
Up to $500k federal threshold1 (%) 
Federal only1  15.00  15.00  9.00  38.67 
British Columbia2  27.00  27.00  11.00  50.67 
Alberta3  23.00  23.00  11.00  46.67 
Saskatchewan4  27.00  25.00  11.00  50.67 
Manitoba5  27.00  27.00  9.00  50.67 
Ontario6  26.50  25.00  12.20  50.17 
Quebec7  26.50  26.50  13.00  50.17 
New Brunswick8  29.00  29.00  11.50  52.67 
Nova Scotia9  29.00  29.00  11.50  52.67 
Prince Edward Island10  31.00  31.00  12.00  54.67 
Newfoundland & Labrador11  30.00  30.00  11.00  53.67 
Yukon12  27.00  17.50  9.00  50.67 
Northwest Territories13  26.50  26.50  13.00  50.17 
Nunavut14 27.00  27.00  12.00  50.67 


Key Corporate Income Tax Rates (combined Federal & Provincial) 

For December 31 year end (12 month taxation year) 

2022 rates 

 

Jurisdiction General  CCPC 
Non-M&P investment (%)  M&P (%)  Active business income  Investment income (%) 
Up to $500k federal threshold1 (%) 
Federal only1 
15.00%
15.00%
9.00%
38.67%
British Columbia2  27.00% 27.00% 11.00% 50.67%
Alberta3  23.00% 23.00% 11.00% 46.67%
Saskatchewan4  27.00% 25.00% 9.50% 50.67%
Manitoba5  27.00% 27.00% 9.00% 50.67%
Ontario6  26.50% 25.00% 12.20% 50.17%
Quebec7  26.50% 26.50% 12.20% 50.17%
New Brunswick8  29.00% 29.00% 11.50% 52.67%
Nova Scotia9  29.00% 29.00% 11.50% 52.67%
Prince Edward Island10  31.00% 31.00% 10.00% 54.67%
Newfoundland & Labrador11  30.00% 30.00% 12.00% 53.67%
Yukon12  27.00% 17.50% 9.00% 50.67%
Northwest Territories13 26.50% 26.50% 11.00% 50.17%
Nunavut14  27.00% 27.00% 12.00% 50.67%

M&P: Manufacturing or processing income, CCPC: Canadian Controlled Private Corporation This table is prepared from publicly available information announced as of July 2021. All changes must be pro-rated for the number of days in the taxation year. The rates may not be applicable to income earned by credit unions, mutual fund corporations, mortgage investment corporations, most deposit insurance corporations and investment corporations as the income qualifies for special tax treatment. Some of the provinces also levy a capital tax which has not been addressed in this table.
1.Federal: The small business income tax rate was reduced to 9% (from 10%) effective January 2019.
Federal: The small business income tax rate was reduced to 9% (from 10%) effective January 2019. 
2. BC: The 2017 budget announced that the small business rate will be reduced to 2% from 2.5%, effective April 1, 2017. Effective January 1, 2018, the general corporate rate increased to 12% from 11%.
3. Alberta: Effective July 1, 2020, the corporate tax rate was reduced to 8% (from 10%) which was 1.5 years ahead a schedule.
4. Saskatchewan: Temporarily reduced its small business tax rate to nil from 2%. Increasing to 1% effective July 1, 2022 and returning to 2%, July 1, 2023.
5. Manitoba announced that effective January 1, 2019 the small business limit threshold will increase to $500,000 (from $450,000).
6. Ontario: Effective January 1, 2020 the small business rate will decrease from 3.5% to 3.2%.
7. Quebec: Effective March 26, 2021 the small business tax rate decreased from 4% to 3.2%.
8.New Brunswick: Effective April 1, 2017 the small business tax rate decreased to 3% (from 3.5%). The small business tax rate was further reduced to 2.5% effective April 1, 2018.
9. Nova Scotia: The general corporate tax rate reduced to 14% (from 16%) effective April 1, 2020. The small business rate was also reduced from 3% to 2.5% effective April 1, 2020.
10. Prince Edward Island: Effective January 1, 2021 the small business rate was reduced to 2% (from 3%), and further reduced to 1% effective January 1, 2022.
11. Newfoundland and Labrador: The 2016 budget increased the general income tax to 15% (from 14%) and eliminated the provincial M&P profits tax credit retroactive to January 1, 2016.
12. Yukon: Effective July 1, 2021 the small business rate will be reduced from 2% to 0%.
13. Northwest Territories: Effective January 1, 2021, the small business rate was reduced from 4% to 2%.
14. Nunavut: reduced the small business rate from 4% to 3% effective July 1, 2019.