2009 Canada Income Tax Rates
What are the income tax rates in Canada for 2009?
- 15% on the first $40,726 of taxable income, +
- 22% on the next $40,726 of taxable income (on the portion of taxable income between $40,726 and $81,452), +
- 26% on the next $44,812 of taxable income (on the portion of taxable income between $81,452 and $126,264), +
- 29% of taxable income over $126,264.
Provincial/Territorial tax rates for 2009
Under the current tax on income method, tax for all provinces (except Quebec) and territories is calculated the same way as federal tax. Form 428 is used to calculate this provincial or territorial tax. Provincial or territorial specific non-refundable tax credits are also calculated on Form 428. For complete details, see the Provincial or Territorial information and forms in your 2009 tax package.
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