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2025 federal income tax rates
These rates apply to your taxable income. Your taxable income is your income after various deductions, credits, and exemptions have been applied.
There are also various tax credits, deductions and benefits available to you to reduce your total tax payable.
| Tax rate | Taxable income threshold |
|---|---|
| 15% | on the portion of taxable income that is $57,375 or less, plus |
| 20.5% | on the portion of taxable income over $57,375 up to $114,750, plus |
| 26% | on the portion of taxable income over $114,750 up to $177,882, plus |
| 29% | on the portion of taxable income over $177,882 up to $253,414, plus |
| 33% | on the portion of taxable income over $253,414 |
| Combined Federal & BC Tax Brackets and Tax Rates | |||||||||
| 2025 Taxable Income (1) | BC 2025 Marginal Tax Rates | 2024 Taxable Income (1) | BC 2024 Marginal Tax Rates | ||||||
| Other Income |
Capital Gains | Canadian Dividends | Other Income |
Capital Gains | Canadian Dividends | ||||
| Eligible | Non-Eligible | Eligible | Non-Eligible | ||||||
| first $49,279 | 20.06% | 10.03% | -9.60% | 10.43% | first $47,937 | 20.06% | 10.03% | -9.60% | 10.43% |
| over $49,279 up to $57,375 | 22.70% | 11.35% | -5.96% | 13.47% | over $47,937 up to $55,867 | 22.70% | 11.35% | -5.96% | 13.47% |
| over $57,375 up to $98,560 | 28.20% | 14.10% | 1.63% | 19.80% | over $55,867 up to $95,875 | 28.20% | 14.10% | 1.63% | 19.80% |
| over $98,560 up to $113,158 | 31.00% | 15.50% | 5.49% | 23.02% | over $95,875 up to $110,076 | 31.00% | 15.50% | 5.49% | 23.02% |
| over $113,158 up to $114,750 | 32.79% | 16.40% | 7.96% | 25.07% | over $110,076 up to $111,733 | 32.79% | 16.40% | 7.96% | 25.07% |
| over $114,750 up to $137,407 | 38.29% | 19.15% | 15.55% | 31.40% | over $111,733 up to $133,664 | 38.29% | 19.15% | 15.55% | 31.40% |
| over $137,407 up to $177,882 | 40.70% | 20.35% | 18.88% | 34.17% | over $133,664 up to $173,205 | 40.70% | 20.35% | 18.88% | 34.17% |
| over $177,882 up to $186,306 | 44.02% | 22.01% | 23.46% | 37.99% | over $173,205 up to $181,232 | 44.02% | 22.01% | 23.46% | 37.99% |
| over $186,306 up to $253,414 | 46.12% | 23.06% | 26.36% | 40.41% | over $181,232 up to $246,752 | 46.12% | 23.06% | 26.36% | 40.41% |
| over $253,414 up to $259,829 | 49.80% | 24.90% | 31.44% | 44.64% | over $246,752 up to $252,752 | 49.80% | 24.90% | 31.44% | 44.64% |
| over $259,829 | 53.50% | 26.75% | 36.54% | 48.89% | over $252,752 | 53.50% | 26.75% | 36.54% | 48.89% |
TFSA vs RRSP vs FHSA
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