2021 Individual income tax rates - Federal
| 2021 Taxable Income (C$) | Tax Rate - Federal |
|---|---|
| less than 49,020 | 15.00% |
| 49,021 - 98,040 | 20.50% |
| 98,041 - 151,978 | 26.00% |
| 151,979 - 216,511 | 29.00% |
| 216,512+ | 33.00% |
2021 Individual Income tax rates - Ontario
| 2021 Taxable Income (C$) | Tax Rate - Ontario |
|---|---|
| less than 45,142 | 5.05% |
| 45,143 - 90,287 | 9.15% |
| 90,288 - 150,000 | 11.16% |
| 150,001 - 220,000 | 12.16% |
| 220,001+ | 13.16% |
2021 Individual income tax rates - Federal
| 2021 Taxable Income (C$) | Tax Rate - Federal |
|---|---|
| less than 49,020 | 15.00% |
| 49,021 - 98,040 | 20.50% |
| 98,041 - 151,978 | 26.00% |
| 151,979 - 216,511 | 29.00% |
| 216,512+ | 33.00% |
Dividend Gross up & Tax Credit Rates Canada - 2021
| Non-Eligible Dividends | Eligible Dividends | |
|---|---|---|
| Dividend gross up rate | 15% | 38% |
| Dividend Tax Credit - Federal (as % of grossed-up taxable dividend) | 9.0301% | 15.0198% |
| Dividend Tax Credit - Federal (as% of actual dividend) | 10.3846% | 20.73% |
| Dividend Tax Credit - Ontario (as % of grossed-up taxable dividend) | 2.9863% | 10.0% |
| Dividend Tax Credit - Ontario (as % of actual dividend) | 3.434% | 13.8% |
| Dividend Tax Credit - Alberta (as % of grossed-up taxable dividend) | 2.18% | 8.12% |
| Dividend Tax Credit - Alberta (as % of actual dividend) | 2.507% | 11.20% |
| The actual amount of Dividends before any regular income taxes are payable - Federal (Caution: AMT is applicable on Eligible dividends) | $30,172 | $63,040 (AMT applies) |
| The actual amount of Dividends before any regular income taxes are payable - Ontario (Caution: AMT is applicable on Eligible dividends) | $33,733 | $95,807 (AMT applies) |
| The actual amount of Dividends before any regular income taxes are payable - Alberta (Caution: AMT is applicable on Eligible dividends) | $21,541 | $74,667 (AMT applies) |
