Canada Income Tax Rate

How high is personal income tax in Canada?

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In 2009 the rates are: 15% on

In 2009 the rates are: 15% on the first $40,726 of taxable income, 22% on the next $40,726 of taxable income (on the portion of taxable income between $40,726 and $81,452), 26% on the next $44,812 of taxable income (on the portion of taxable income between $81,452 and $126,264), 29% of taxable income over $126,264 There is a difference between federal and provincial taxes. You can get more exact information on the Canada Revenue Agency updates. If you'd like to talk to a specialist in Canadian taxation we have a partner who can help.