Income tax rates for 2020

The income tax rates for the 2020 taxation year, determined on the basis of your taxable income, are as follows:

Taxable income	Rate
$44,545 or less	15%
More than $44,545 but not more than $89,080	20%
More than $89,080 but not more than $108,390	24%
More than $108,390	25.75%

Income tax rates for 2021

The income tax rates for the 2021 taxation year, determined on the basis of your taxable income, are as follows:

Taxable income	Rate
$45,105 or less	15%
More than $45,105 but not more than $90,200	20%
More than $90,200 but not more than $109,755	24%
More than $109,755	25.75%