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Combined Top Marginal Tax Rates For Individuals1—2014

Notes

(1) The combined top marginal tax rate is the rate an individual will pay on income that falls into the top federal tax bracket. 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.

(2) The federal gross-up on non-eligible dividends decreased to 18% (from 25%) effective January 1, 2014 and the corresponding dividend tax credit (DTC) decreased to 11% (from 13.33%).

(3) Alberta’s DTC for non-eligible dividends decreased to 3.1% (from 3.5%) of the taxable amount of the dividend effective January 1, 2014.

Interest and Regular Income

CapitalGains

EligibleDividends

Non-eligible2 Dividends

British Columbia 43.70/45.80% 21.85/22.90% 25.78/28.68% 35.51/37.98%

Alberta3 39.00 19.50 19.29 29.36

Saskatchewan4 44.00 22.00 24.81 34.91

Manitoba5 46.40 23.20 32.27 40.77

Ontario6,7 46.41/47.97 /49.53

23.20/23.98 /24.77

29.52/31.67 /33.82

36.45/38.29 /40.13

Quebec8 49.97 24.99 35.22 39.79

New Brunswick9 46.84 23.42 27.35 36.02

Nova Scotia 46.50/50.00 23.25/25.00 31.23/36.06 34.94/39.07

P.E.I.10 47.37 23.69 28.71 38.74

Newfoundland and Labrador11

Amounts received before July 1, 2014Amounts received after June 30, 2014

42.30

42.30

21.15

21.15

22.47

30.20

31.01

32.08

Yukon 42.40 21.20 15.93 32.04

Northwest Territories 43.05 21.53 22.81 30.72

Nunavut 40.50 20.25 27.56 31.19

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