Income tax in Canada
The amount of income tax you pay depends on how much money you earned in the past year minus any deductions and credits.
Your income tax rate is based on a combination of federal and provincial tax rates.
Most 2013 tax returns have to be filed by April 30, 2014. See 2013 tax rates.
Federal tax rates for the 2013 tax year
15% on taxable income up to C$43,561
22% on taxable income between C$43,562 and C$87,123
26% on taxable income between C$87,123 and C$135,054
29% on taxable income over C$135,054
Ontario (provincial) tax rates for the 2013 tax year
5.05% on taxable income up to C$39,723
9.15% on taxable income between $39,724 and $79,448
11.16% on taxable income between $79,449 and $509,000
13.16% on taxable income over $509,000
Taxable income includes employment income, rental income and money you receive through some government programs.
Tax credits and deductions reduce the amount of tax you must pay. If you paid too much tax, you will get a refund. If you did not pay enough, you must pay the difference to the government.