Income tax rates for 2024

The income tax rates for the 2024 taxation year, determined on the basis of your taxable income, are as follows:

Taxable income	Rate
$51,780 or less	14%
More than $51,780 but not more than $103,545	19%
More than $103,545 but not more than $126,000	24%
More than $126,000	25.75%

Income tax rates for 2023

The income tax rates for the 2023 taxation year, determined on the basis of your taxable income, are as follows:

Taxable income	Rate
$49,275 or less	14%
More than $49,275 but not more than $98,540	19%
More than $98,540 but not more than $119,910	24%
More than $119,910	25.75%