Personal Income Tax -> Tax Rates -> 2019 and 2020 Tax Rates -> Canada Federal Personal Income Tax Brackets and Tax Rates
Canada - Federal 2020 and 2019 Tax Brackets and Marginal Tax Rates
Income Tax Act s. 117, 117.1, 121
Please read the article Understanding the Tables of Personal Income Tax Rates.
The Federal tax brackets and personal amount are increased for 2020 by an indexation factor of 1.019. The indexation factors, tax brackets and tax rates have been confirmed to Canada Revenue Agency information.
In order to determine the total tax rate paid in your province, see the combined marginal tax rates for your province. If you are not a resident of Canada, see Who Pays Tax in Canada and on What Income?
| Federal Personal Income Tax Brackets and Tax Rates | |||||||||
| 2020 Taxable Income | 2020 Marginal Tax Rates | 2019 Taxable Income | 2019 Marginal Tax Rates | ||||||
| Other Income |
Capital Gains |
Canadian Dividends | Other Income |
Capital Gains |
Canadian Dividends | ||||
| Eligible | Non-Eligible | Eligible | Non-Eligible | ||||||
| first $48,535 | 15.00% | 7.50% | -0.03% | 6.87% | first $47,630 | 15.0% | 7.50% | -0.03% | 6.87% |
| over $48,535 up to $97,069 | 20.50% | 10.25% | 7.56% | 13.19% | over $47,630 up to $95,259 | 20.5% | 10.25% | 7.56% | 13.19% |
| over $97,069 up to $150,473 | 26.00% | 13.00% | 15.15% | 19.52% | over $95,259 up to $147,667 | 26.0% | 13.00% | 15.15% | 19.52% |
| over $150,473 up to $214,368 | 29.22% | 14.61% | 19.59% | 23.22% | over $147,667 up to $210,371 | 29.0% | 14.50% | 19.29% | 22.97% |
| over $214,368 | 33.00% | 16.50% | 24.81% | 27.57% | over $210,371 | 33.0% | 16.50% | 24.81% | 27.57% |
| Marginal tax rate for dividends is a % of actual
dividends received (not grossed-up taxable amount). Marginal tax rate for capital gains is a % of total capital gains (not taxable capital gains). Gross-up rate for eligible dividends is 38%, and for non-eligible dividends is 15%. For more information see dividend tax credits. |
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| Federal Basic Personal Amount | |||||||||
| 2020 Personal Amount (1) | 2020 Tax Rate | 2019 Personal Amount | 2019 Tax Rate | ||||||
| $13,229 | 15% | $12,069 | 15% | ||||||
The Federal marginal rate for $150,473 to $214,368 is 29.22% because of the above-noted personal amount reduction through this tax bracket. The additional 0.22% is calculated as 15% x ($13,229 - $12,298) / ($214,368 - $150,473).
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Revised: October 26, 2023