Federal Tax Calculator (Canada)
Calculate your Canadian federal income tax with a detailed bracket-by-bracket breakdown.
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Understanding Federal Income Tax in Canada
Canada uses a progressive federal income tax system with five tax brackets. You pay a higher rate only on the portion of income that falls into each bracket.
2024 Federal Tax Brackets
| Income Range | Tax Rate |
|---|---|
| $0 - $55,867 | 15% |
| $55,867 - $111,733 | 20.5% |
| $111,733 - $173,205 | 26% |
| $173,205 - $246,752 | 29% |
| Over $246,752 | 33% |
Frequently Asked Questions
What are the 2024 federal tax brackets in Canada?
2024 federal brackets: 15% on first $55,867, 20.5% on $55,867-$111,733, 26% on $111,733-$173,205, 29% on $173,205-$246,752, and 33% on income over $246,752.
What is the basic personal amount?
The basic personal amount (BPA) is the amount of income you can earn tax-free. For 2024, it is $15,705. This amount is indexed to inflation and increases each year.
Do I also pay provincial tax?
Yes, Canadian residents pay both federal and provincial/territorial income tax. This calculator shows federal tax only. Your total tax burden includes both components. Use our Canadian Tax Calculator for combined estimates.