2014 Marginal Tax - by province.

1. 32 /
Individual Marginal Tax Rates for Salary1
—2014
­­Notes
(1) This table applies to salary income and includes all federal and provincial taxes and
surtaxes, but does not include provincial health premiums (see the table “Provincial
Health Premiums”). The following federal and provincial tax credits are included in the
calculations: basic personal amount, federal employment amount, Canada/Quebec
Pension Plan contributions, and premiums paid for Employment Insurance and
the Quebec Parental Insurance Plan.
As more than one rate could apply to a particular bracket due to a difference in the
federal and provincial bracket thresholds, the rate indicated in the table is that which
applies to salary income in approximately the middle range of the bracket. The table
assumes that an individual has salary income that places the individual in the middle
of the above tax brackets before taking the additional salary income into account.
For provinces that have tax brackets above the top federal tax bracket, additional rates
have been included in the table. Individuals taxable on income in excess of $150,000 in
British Columbia and Nova Scotia, or on income between $150,000 and $220,000 or
above $220,000 in Ontario should use these higher rates.
Significant salary income in addition to the income in the middle range of the bracket
may attract tax at a rate higher than what is shown. Therefore, for purposes of estimating
taxes applicable to this income, the rate in the next bracket should be used in order to be
conservative.
(2) For salary income less than $11,139 (but greater than $10,500), a small amount of
provincial tax may apply in Manitoba and Prince Edward Island.
(3) The 2014 Ontario budget proposed to create a new personal income tax bracket effective
January 1, 2014 for taxable income between $150,000 and $220,000. The budget also
proposed to lower the taxable income threshold for the top tax bracket from $514,090
to $220,000 effective January 1, 2014 (see the table “Federal and Provincial/Territorial
Income Tax Rates and Brackets for 2014 and 2015”). These rates and brackets may be
subject to change pending the results of the June 12 provincial election.
$11,139
to $43,953
$43,954
to $52,500
$52,501
to $87,907
$87,908
to $136,270
$136,271
and over
British Columbia 22.24% 28.85% 29.70% 40.70% 43.70/45.80%
Alberta 23.29 30.59 32.00 36.00 39.00
Saskatchewan 24.98 34.15 35.00 39.00 44.00
Manitoba2
24.78 33.90 39.40 43.40 46.40
Ontario3
18.68 30.02 31.15 43.41
46.41/47.97
/49.53
Quebec 26.24 36.39 38.37 47.46 49.97
New Brunswick 26.66 35.97 36.82 42.52 46.84
Nova Scotia 22.77 36.10 38.67 43.50 46.50/50.00
P.E.I.2
23.78 34.95 38.70 44.37 47.37
Newfoundland
and Labrador
21.68 33.65 35.30 39.30 42.30
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