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17

Income Tax Rates

For more on personal and corporate tax rates, please refer to the PwC publication Tax Facts and Figures: Canada 2010. The percentages shown reflect the combined federal and provincial/territorial rates for a twelve-month taxation year ended December 31.

Table 3 Top Combined Federal and Provincial/Territorial Marginal Personal Income Tax Rates (%)

Northwest Territories

43.05

21.53

19.81

21.31

Nova Scotia2

50.00

25.00

33.58

35.64

Nunavut

40.05

20.25

23.64

25.72

Ontario

46.41

23.20

26.57

28.19

Prince Edward Island

47.37

23.69

25.95

28.36

Quebec

48.22

24.11

30.68

31.85

Saskatchewan

44.00

22.00

21.64

23.36

Yukon

42.40

21.20

18.80

14.28 to

17.723

Non-Resident

42.924

21.46

23.504

26.224

15.88

17.72

15.88 21.45 25.09 19.46 22.79 or 20.771

17.72 23.91 26.74 19.77

20.96

Federal only

29.00

14.50

Alberta

39.00

19.50

British Columbia

43.70

21.85

Manitoba

46.40

23.20

38.21

39.15

30.83

28.83

31.33

29.96

In 2010, top rates apply to income above $127,021 ($150,000 in Nova Scotia).

New Brunswick

43.30

41.70

21.65

20.85

Newfoundland and Labrador

43.40

42.30

21.70

21.15

2010 2011 Canadian dividends

2010 2011 Canadian

(eligible)

dividends (non-eligible) 19.58

27.71 33.71

39.66

29.65 36.21 28.96 32.57

30.49

36.35 30.83

28.984

2010 2011 Interest &

ordinary in

come

2010 2011 Capital gains

41.17

30.41

  • 1.

    For Newfoundland and Labrador, 22.79% applies if the dividend is paid before July 1, 2010, and 20.77% applies if it is paid after June 30, 2010.

  • 2.

    If Nova Scotia balances its 2011 fiscal year budget, the top combined marginal income tax rates for 2011 will be 48.25% for interest and ordinary income,

    • 24.13

      % for capital gains, 32% for eligible dividends, and 33.06% for non-eligible dividends.

  • 3.

    For the Yukon, the rate that applies depends on the level of the taxpayer’s other income, with 17.72% applying if the taxpayer has no other income.

  • 4.

    Non-resident rates for interest and dividends only apply in certain circumstances. Generally, interest (other than most interest paid to arm’s length non-residents) and dividends paid to non-residents are subject to Part XIII withholding tax.

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