How to identify your income tax bracket

 
In Canada, there are set income tax brackets to ensure someone making an annual salary of $40,000 doesn’t pay the same amount in taxes as someone earning $200,000 a year. Knowing your annual salary is a good start to identifying which tax bracket you fall under.
Federal tax rates for 2018

We all get taxed based on our income every year. Here’s a handy list to help you identify your income tax bracket and the rate at which your income will be taxed for 2018.

Provincial tax rates for 2018
Provincial tax rates are calculated the same way as federal tax (except for Quebec). Find your province and the corresponding tax rates for 2018 in the chart below.
 Alberta
10% on the first $128,145 of taxable income, +
12% on the next $25,628, +
13% on the next $51,258, +
14% on the next $102,516, +
15% on the amount over $307,547
British Columbia
5.06% on the first $39,676 of taxable income, +
7.7% on the next $39,677, +
10.5% on the next $11,754, +
12.29% on the next $19,523, +
14.7% on the next $39,370, +
16.8% on the amount over $150,000
Manitoba
10.8% on the first $31,843 of taxable income, +
12.75% on the next $36,978, +
17.4% on the amount over $68,821
New Brunswick
9.68% on the first $41,675 of taxable income, +
14.82% on the next $41,676, +
16.52% on the next $52,159, +
17.84% on the next $18,872, +
20.3% on the amount over $154,382
Newfoundland and Labrador
8.7% on the first $36,926 of taxable income, +
14.5% on the next $36,926, +
15.8% on the next $57,998, +
17.3% on the next $52,740, +
18.3% on the amount over $184,590
Northwest Territories
5.9% on the first $42,209 of taxable income, +
8.6% on the next $42,211, +
12.2% on the next $52,828, +
14.05% on the amount over $137,248
Nova Scotia
8.79% on the first $29,590 of taxable income, +
14.95% on the next $29,590, +
16.67% on the next $33,820, +
17.5% on the next $57,000, +
21% on the amount over $150,000
Nunavut
4% on the first $44,437 of taxable income, +
7% on the next $44,437, +
9% on the next $55,614, +
11.5% on the amount over $144,488

Ontario
5.05% on the first $42,960 of taxable income, +
9.15% on the next $42,963, +
11.16% on the next $64,077, +
12.16% on the next $70,000, +
13.16 % on the amount over $220,000

Prince Edward Island
9.8% on the first $31,984 of taxable income, +
13.8% on the next $31,985, +
16.7% on the amount over $63,969
Quebec
For Quebec tax rates, visit Revenue Quebec
Saskatchewan
10.5% on the first $45,225 of taxable income, +
12.5% on the next $83,989, +
14.5% on the amount over $129,214
Yukon
6.4% on the first $46,605 of taxable income, +
9% on the next $46,603, +
10.9% on the next $51,281, +
12.8% on the next $355,511, +
15% on the amount over $500,000

 
You should now have a better idea of your income tax bracket, but did you know that more than just your salary can affect which bracket you are lumped into?
Changes to your income tax bracket

Knowing what contributes to your income and your income tax bracket is important, so there are no surprises when your T4 arrives in the mail.

A tax expert at H&R Block can help you determine your income tax bracket and factors that could affect it.