Income Tax Rates

Income tax rates for 2015

The income tax rates for the 2015 taxation year, determined on the basis of your taxable income, are as follows:

Taxable income Rate
$41,935 or less 16%
More than $41,935, but not more than $83,865 20%
More than $83,865, but not more than $102,040 24%
More than $102,040 25.75%

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%
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