30 /
Combined Top Marginal Tax Rates For Individuals
1
—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
Capital
Gains
Eligible
Dividends
Non-
eligible
2
Dividends
British Columbia
43.70/45.80%
21.85/22.90%25.78/28.68%35.51/37.98%
Alberta
3
39.00
19.50
19.29
29.36
Saskatchewan
4
44.00
22.00
24.81
34.91
Manitoba
5
46.40
23.20
32.27
40.77
Ontario
6,7
46.41/47.97
/49.53
23.20/23.98
/24.77
29.52/31.67
/33.82
36.45/38.29
/40.13
Quebec
8
49.97
24.99
35.22
39.79
New Brunswick
9
46.84
23.42
27.35
36.02
Nova Scotia
46.50/50.00
23.25/25.00
31.23/36.0634.94/39.07
P.E.I
.
10
47.37
23.69
28.71
38.74
Newfoundland
and Labrador
11
Amounts received
before July 1, 2014
Amounts 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
© 2014 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 December 31, 2014