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Individual Marginal Tax Rates for Interest—2013

  Notes

• This table applies to interest income and includes all federal and provincial taxes and

surtaxes, but does not include provincial health premiums (see the table “Provincial Health 

Premiums”). The respective basic personal tax credits are also included in the calculations.

• As more than one rate could apply to a particular bracket due to a difference in the federal

and provincial bracket thresholds, the rate indicated in the table is that which applies 

to income in approximately the middle range of the bracket. The table assumes that an 

individual has regular income that places the individual in the middle of the above tax 

brackets before taking the interest income into account. 

For provinces that have a top bracket above the top federal tax bracket, a second rate has 

been included in the table. Individuals taxable on income in excess of $150,000 in Nova 

Scotia, or on income above $509,000 in Ontario should use this higher rate.

• Significant interest income in addition to the income in the middle range of the bracket

may attract tax at a rate higher than what is shown. Therefore, for purposes of estimating 

taxes applicable to this income, the rate in the next bracket should be used in order to be 

conservative.

   $11,039

to $43,561

$43,562

to $87,123

$87,124

to $135,054

$135,055

and over

British Columbia

23.26%

29.70%

40.70%

43.70%

Alberta 

25.00

32.00

36.00

39.00

Saskatchewan 

26.00

35.00

39.00

44.00

Manitoba 

25.80

34.75

43.40

46.40

Ontario

20.05

31.15

43.41

 46.41/49.53

Québec

28.53

38.37

47.46

49.97

New Brunswick

27.39

35.47

40.48

45.08

Nova Scotia 

23.79

38.67

43.50

 46.50/50.00

P.E.I.

24.80

38.70

44.37

 47.37

Newfoundland and 

Labrador

22.70

34.50

39.30

 42.30

© 2013 KPMG LLP, a Canadian limited liability partnership and a member firm of the KPMG network of independent member firms

affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

Current as of September 30, 2013