Roger – Roger Luo CPA

December 20, 2024Roger

T1 PERSONAL INCOME TAX RATE 2025

2025 Federal Personal Income Tax Brackets and Tax Rates
Taxable Income	Tax Rate
first $57,375	15.00%
over $57,375 up to $114,750	20.50%
over $114,750 up to $177,882	26.00%
over $177,882 up to $253,414	29.32%
over $253,414	33.00%

2025 Combined Federal & BC Tax Brackets and Tax Rates
Taxable Income	Tax Rate
first $49,279	20.06%
over $49,279 up to $57,375	22.70%
over $57,375 up to $98,560	28.20%
over $98,560 up to $113,158	31.00%
over $113,158 up to $114,750	32.79%
over $114,750 up to $137,407	38.29%
over $137,407 up to $177,882	40.70%
over $177,882 up to $186,306	44.02%
over $186,306 up to $253,414	46.12%
over $253,414 up to $259,829	49.80%
over $259,829	53.50%

December 18, 2023Roger

T1 PERSONAL INCOME TAX RATE 2024

2024 Federal Personal Income Tax Brackets and Tax Rates
Taxable Income	Tax Rate
first $55,867	15.00%
over $55,867 up to $111,733	20.50%
over $111,733 up to $173,205	26.00%
over $173,205 up to $246,752	29.32%
over $246,752	33.00%

2024 Combined Federal & British Columbia Tax Brackets and Tax Rates
Taxable Income	Tax Rate
first $47,937	20.06%
over $47,937 up to $55,867	22.70%
over $55,867 up to $95,875	28.20%
over $95,875 up to $110,076	31.00%
over $110,076 up to $111,733	32.79%
over $111,733 up to $133,664	38.29%
over $133,664 up to $173,205	40.70%
over $173,205 up to $181,232	44.02%
over $181,232 up to $246,752	46.12%
over $246,752 up to $252,752	49.80%
over $252,752	53.50%

December 18, 2023Roger

T1 PERSONAL INCOME TAX RATE 2023

2023 Federal Personal Income Tax Brackets and Tax Rates
Taxable Income	Tax Rate
first $53,359	15.00%
over $53,359 up to $106,717	20.50%
over $106,717 up to $165,430	26.00%
over $165,430 up to $235,675	29.32%
over $235,675	33.00%

2023 Combined Federal & British Columbia Tax Brackets and Tax Rates
Taxable Income	Tax Rate
first $45,654	20.06%
over $45,654 up to $53,359	22.70%
over $53,359 up to $91,310	28.20%
over $91,310 up to $104,835	31.00%
over $104,835 up to $106,717	32.79%
over $106,717 up to $127,299	38.29%
over $127,299 up to $165,430	40.70%
over $165,430 up to $172,602	44.02%
over $172,602 up to $235,675	46.12%
over $235,675 up to $240,716	49.80%
over $240,716	53.50%

May 17, 2022Roger

T1 PERSONAL INCOME TAX RATE 2022

2022 Federal Personal Income Tax Brackets and Tax Rates
Taxable Income	Tax Rate
first $50,197	15.00%
over $50,197 up to $100,392	20.50%
over $100,392 up to $155,625	26.00%
over $155,625 up to $221,708	29.38%
over $221,708	33.00%

2022 Combined Federal & British Columbia Tax Brackets and Tax Rates
Taxable Income	Tax Rate
first $43,070	20.06%
over $43,070 up to $50,197	22.70%
over $50,197 up to $86,141	28.20%
over $86,141 up to $98,901	31.00%
over $98,901 up to $100,392	32.79%
over $100,392 up to $120,094	38.29%
over $120,094 up to $155,625	40.70%
over $155,625 up to $162,832	44.08%
over $162,832 up to $221,708	46.18%
over $221,708 up to $227,091	49.80%
over $227,091	53.50%

March 11, 2021Roger

T1 PERSONAL INCOME TAX RATE 2021

2021 Federal Personal Income Tax Brackets and Tax Rates
Taxable Income	Tax Rate
first $49,020	15.00%
over $49,020 up to $98,040	20.50%
over $98,040 up to $151,978	26.00%
over $151,978 up to $216,511	29.32%
over $216,511	33.00%

2021 Federal and British Columbia (Combined) Tax Brackets and Tax Rates
Taxable Income	Tax Rate
first $42,184	20.06%
over $42,184 up to $49,020	22.70%
over $49,020 up to $84,369	28.20%
over $84,369 up to $96,866	31.00%
over $96,866 up to $98,040	32.79%
over $98,040 up to $117,623	38.29%
over $117,623 up to $151,978	40.70%
over $151,978 up to $159,483	44.02%
over $159,483 up to $216,511	46.12%
over $216,511 up to $222,420	49.80%
over $222,420	53.50%

July 26, 2020Roger

T1 PERSONAL INCOME TAX RATE 2020

2020 Federal Personal Income Tax Brackets and Tax Rates
Taxable Income	Tax Rate
first $48,535	15.00%
$48,535 – $97,069	20.50%
$97,069 – $150,473	26.00%
$150,473 – $214,368	29.22%
over $214,368	33.00%

2020 Combined Federal & British Columbia Tax Brackets and Tax Rates
Taxable Income	Tax Rate
first $41,725	20.06%
$41,725 – $48,535	22.70%
$48,535 – $83,451	28.20%
$83,451 – $95,812	31.00%
$95,812 – $97,069	32.79%
$97,069 – $116,344	38.29%
$116,344 – $150,473	40.70%
$150,473 – $157,748	43.92%
$157,748 – $214,368	46.02%
$214,368 – $220,000	49.80%
over $220,000	53.50%

June 24, 2019Roger

T1 PERSONAL INCOME TAX RATE 2019

2019 Federal Personal Income Tax Brackets and Tax Rates
	Marginal Tax Rates
Taxable Income	Other	Capital	Canadian Dividends
	Income	Gains	Eligible	Non-Eligible
first $47,630	15.00%	7.50%	-0.03%	6.87%
$47,630 – $95,259	20.50%	10.25%	7.56%	13.19%
$95,259 – $147,667	26.00%	13.00%	15.15%	19.52%
$147,667 – $210,371	29.00%	14.50%	19.29%	22.97%
Over $210,371	33.00%	16.50%	24.81%	27.57%

2019 Combined Federal and British Columbia Tax Brackets and Tax Rates
	Marginal Tax Rates
Taxable Income	Other	Capital	Canadian Dividends
	Income	Gains	Eligible	Non-Eligible
first $40,707	20.06%	10.03%	-9.60%	10.34%
$40,707 – $47,630	22.70%	11.35%	-5.96%	13.47%
$47,630 – $81,416	28.20%	14.10%	1.63%	19.80%
$81,416 – $93,476	31.00%	15.50%	5.49%	23.02%
$93,476 – $95,259	32.79%	16.40%	7.96%	25.07%
$95,259 – $113,506	38.29%	19.15%	15.55%	31.40%
$113,506 – $147,667	40.70%	20.35%	18.88%	34.17%
$147,667 – $153,900	43.70%	21.85%	23.02%	37.62%
$153,900 – $210,371	45.80%	22.90%	25.92%	40.04%
Over $210,371	49.80%	24.90%	31.44%	44.64%

August 7, 2018Roger

T1 PERSONAL INCOME TAX RATE 2018

2018 Federal Personal Income Tax Brackets and Tax Rates

2018 Taxable Income	2018 Marginal Tax Rates
	Other	Capital	Canadian Dividends
	Income	Gains	Eligible	Non-Eligible
first $46,605	15.00%	7.50%	-0.03%	5.77%
$46,605 – $93,208	20.50%	10.25%	7.56%	12.15%
$93,208 – $144,489	26.00%	13.00%	15.15%	18.53%
$144,489 – $205,842	29.00%	14.50%	19.29%	22.01%
Over $205,842	33.00%	16.50%	24.81%	26.65%

2018 Combined Federal and British Columbia Tax Brackets and Tax Rates

2018 Taxable Income	2018 Marginal Tax Rates
	Other	Capital	Canadian Dividends
	Income	Gains	Eligible	Non-Eligible
first $39,676	20.06%	10.03%	-6.84%	9.23%
$39,676 – $46,605	22.70%	11.35%	-3.20%	12.30%
$46,605 – $79,353	28.20%	14.10%	4.39%	18.68%
$79,353 – $91,107	31.00%	15.50%	8.25%	21.93%
$91,107 – $93,208	32.79%	16.40%	10.72%	24.00%
$93,208 – $110,630	38.29%	19.15%	18.31%	30.38%
$110,630 – $144,489	40.70%	20.35%	21.64%	33.18%
$144,489 – $150,000	43.70%	21.85%	25.78%	36.66%
$150,000 – $205,842	45.80%	22.90%	28.68%	39.09%
Over $205,842	49.80%	24.90%	34.20%	43.73%

August 9, 2017Roger

T1 PERSONAL INCOME TAX RATE 2017

2017 Federal Personal Income Tax Brackets and Tax Rates
2017 Taxable Income	Other Income	Capital Gains	Canadian Dividends
2017 Taxable Income	Other Income	Capital Gains	Eligible	Non-Eligible
first $45,916	15.00%	7.50%	-0.03%	5.24%
$45,916 – $91,831	20.50%	10.25%	7.56%	11.67%
$91,831 – $142,353	26.00%	13.00%	15.15%	18.11%
$142,353 – $202,800	29.00%	14.50%	19.29%	21.62%
over $202,800	33.00%	16.50%	24.81%	26.30%

2017 Combined Federal and British Columbia Tax Brackets and Tax Rates
2017 Taxable Income	Other Income	Capital Gains	Canadian Dividends
2017 Taxable Income	Other Income	Capital Gains	Eligible	Non-Eligible
first $38,898	20.06%	10.03%	-6.84%	8.61%
$38,898 – $45,916	22.70%	11.35%	-3.20%	11.70%
$45,916 – $77,797	28.20%	14.10%	4.39%	18.13%
$77,797 – $89,320	31.00%	15.50%	8.25%	21.41%
$89,320 – $91,831	32.79%	16.40%	10.72%	23.50%
$91,831 – $108,460	38.29%	19.15%	18.31%	29.94%
$108,460 – $142,353	40.70%	20.35%	21.64%	32.76%
$142,353 – $202,800	43.70%	21.85%	25.78%	36.27%
over $202,800	47.70%	23.85%	31.30%	40.95%

Other income includes income from employment, self-employment, interest from Canadian or foreign sources, foreign dividend income, etc.
Marginal tax rate for dividends is a % of actual dividends received (not grossed-up 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 17%.
The negative marginal tax rates for eligible dividends for lower tax brackets are the rates that would apply to the next dollar of actual dividend income received. The dividend tax credit is not refundable.
Reference: http://www.taxtips.ca

August 9, 2017Roger

T1 Personal Income Tax Rate 2016

2016 Federal Personal Income Tax Brackets and Tax Rates
2016 Taxable Income	Other Income	Capital Gains	Canadian Dividends
2016 Taxable Income	Other Income	Capital Gains	Eligible	Non-Eligible
first $45,282	15.00%	7.50%	-0.03%	5.24%
$45,282 – $90,563	20.50%	10.25%	7.56%	11.67%
$90,563 – $140,388	26.00%	13.00%	15.15%	18.11%
$140,388 – $200,000	29.00%	14.50%	19.29%	21.62%
over $200,000	33.00%	16.50%	24.81%	26.30%

2016 Combined Federal and British Columbia Tax Brackets and Tax Rates
2016 Taxable Income	Other Income	Capital Gains	Canadian Dividends
2016 Taxable Income	Other Income	Capital Gains	Eligible	Non-Eligible
first $38,210	20.06%	10.03%	-6.84%	8.27%
$38,210 – $45,282	22.70%	11.35%	-3.20%	11.36%
$45,282 – $76,421	28.20%	14.10%	4.39%	17.79%
$76,421 – $87,741	31.00%	15.50%	8.25%	21.07%
$87,741 – $90,563	32.79%	16.40%	10.72%	23.16%
$90,563 – $106,543	38.29%	19.15%	18.31%	29.60%
$106,543 – $140,388	40.70%	20.35%	21.64%	32.42%
$140,388 – $200,000	43.70%	21.85%	25.78%	35.93%
over $200,000	47.70%	23.85%	31.30%	40.61%

Other income includes income from employment, self-employment, interest from Canadian or foreign sources, foreign dividend income, etc.
Marginal tax rate for dividends is a % of actual dividends received (not grossed-up 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 17%.
The negative marginal tax rates for eligible dividends for lower tax brackets are the rates that would apply to the next dollar of actual dividend income received. The dividend tax credit is not refundable.
Reference: http://www.taxtips.ca