Income Tax Rates
Income tax rates for 2026
The income tax rates for the 2026 taxation year, determined on the basis of your taxable income, are as follows:
| Taxable income | Rate |
|---|
| $54,345 or less | 14% |
| More than $54,345 but not more than $108,680 | 19% |
| More than $108,680 but not more than $132,245 | 24% |
| More than $132,245 | 25.75% |
Income tax rates for 2025
The income tax rates for the 2025 taxation year, determined on the basis of your taxable income, are as follows:
| Taxable income | Rate |
|---|
| $53,255 or less | 14% |
| More than $53,255 but not more than $106,495 | 19% |
| More than $106,495 but not more than $129,590 | 24% |
| More than $129,590 | 25.75% |
