Canadian Income Taxes

Sunday, January 13, 2008 | | 0 comments »

What are the income tax rates in Canada for 2007?

Federal tax rates for 2007 are:

15% on the first $37,178 of taxable income, +
22% on the next $37,179 of taxable income (on the portion of taxable income between $37,178 and $74,357), +
26% on the next $46,530 of taxable income (on the portion of taxable income between $74,357 and $120,887), +
29% of taxable income over $120,887.




Ontario

6.05% on the first $35,488 of taxable income, +
9.15% on the next $35,488, +
11.16% on the amount over $70,976

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