Income Tax Rates

Income tax rates for 2016

The income tax rates for the 2016 taxation year, determined on the basis of your taxable income, are as follows:

Taxable income Rate
$42,390 or less 16%
More than $42,390, but not more than $84,780 20%
More than $84,780, but not more than $103,150 24%
More than $103,150 25.75%

Income tax rates for 2017

The income tax rates for the 2017 taxation year, determined on the basis of your taxable income, are as follows:

Taxable income Rate
$42,705 or less 16%
More than $42,705, but not more than $85,405 20%
More than $85,405, but not more than $103,915 24%
More than $103,915 25.75%
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