Canada Tax Rates | Canada Tax Filing

 

Canada Tax Rates 2014 - 2015

As another tax season comes into play we offer our Canada Tax Rates Calculator for determining your Income tax liability. This calculator will reflect federal, province and territory tax rates, so you can calculate taxes that will be due for each of these and add them together.

Canadian Individual Income Tax Rates

Canadian tax rates are the tax rates that an individual will use when completing their income tax and benefit return. The tax rates information may change during the year to reflect updates in the tax laws.

Canada Federal, Province, Territory
Tax Rates Calculator

Provincial and Territorial Tax Rates

By using our tax tool above you can also select your Province or Territory to calculate tax brackets and rates for those entities.

Most Canadian taxes are collected by the Canada Revenue Agency (CRA), formerly known as "Revenue Canada" or the "Canada Customs and Revenue Agency".

Under "Tax Collection Agreements", CRA collects and remits payments to the provinces and territories of Canada. On behalf of all provinces except Quebec, these taxes are collected so that individuals outside of Quebec file only one set of tax forms each year for their federal and provincial income taxes.

For Canada tax preparation and filing purposes the (CRA) collects corporate taxes for all provinces except Quebec and Alberta, on behalf of the federal government, and remits them to the appropriate entities.

The provincial governments of New Brunswick, Newfoundland Nova Scotia, and Labrador, British Columbia, and Ontario no longer impose a separate provincial sales tax and in those provinces the federal government collects the goods and services tax at a rate higher than in the other provinces.

The additional revenue from this Harmonized Sales Tax is paid by the federal government to the five harmonizing provinces.

Province / Territory

Newfoundland and Labrador
Prince Edward Island
Nova Scotia
New Brunswick
Quebec
Ontario
Manitoba

Saskatchewan

Alberta
British Columbia
Yukon
Northwest Territories
Nunavut

 

Personal income for individuals in the Canadian provinces is calculated by adding provincial, territorial and federal income tax together. However, in some Canadian provinces / territories additional surtaxes are also added to the provincial / territorial taxes (i.e. Nova Scotia, Ontario). This is done to accurately calculate the final total tax liability due based on each individuals working and living circumstances in Canadian territories.

Individual residents in Canada for tax purposes are subjected to taxation on all of their worldwide income. Non-residents are subject to taxes in Canada on their Canadian-sourced employment and business income.

 

Canadian residency is based on several factors including the number of days you lived in Canada during the tax year (183 days or more) as well as common law tests of residency relating to the jurisdiction where you have the closest established connection and ties to residential living.

 

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