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Resources 2017-08-23T09:46:44+00:00

accountant

TAX TABLES

Tax rates are continuously changing. It’s important for individuals and businesses to understand how the tax rate will be applied to different types of income as well as the next dollar earned. Get the tax rates for the current and previous years using our tables below.

2013 – 2019 FEDERAL AND ALBERTA CORPORATE TAX TABLE

The combined Alberta and Federal Corporate Tax rates are as follows:

2013 2014 2015 2016 2017 2018 2019
First $500,000 of CCPC’s ABI1 14.00% 14.00% 14.00% 13.00% 13.50% 12.50% 12.00%
CCPC’s ABI in excess of $500K 25.00% 25.00% 26.00% 27.00% 27.00% 27.00% 27.00%
Investment Income 44.67% 44.67% 45.67% 46.67% 46.67% 46.67% 46.67%

1CCPC – Canadian Controlled Private Corporation; ABI – Active Business Income

Notes:

  • The business limit is reduced where taxable capital of the preceeding year exceeds $10 million or if taxable capital of the current year exceeds $10 million and the corporation is associated with more, fewer, or different corporations in the current year than in the preceeding year.
  • Changes to the Alberta corporate income tax rates are effective July 1, 2015
  • The highest corporate tax rate on ABI for a particular taxation year is the corporate tax rate applicable to most public companies for that particular taxation year.

ALBERTA (AB) PERSONAL INCOME TAX BRACKETS AND TAX RATES

2016 Taxable Income 2016 Tax Rates 2015 Taxable Income 2015 Tax Rates
First $126,625 10% first $125,000 10.00%
over $126,625 up to $151,950 12% over $125,000 up to $150,000 10.50%
over $151,950 up to $202,600 13% over $150,000 up to $200,000 10.75%
over $202,600up to $303,900 14% over $200,000 up to $300,000 11.00%
over $303,900 15% over $300,000 11.25%

COMBINED FEDERAL & ALBERTA TAX BRACKETS AND TAX RATES

2016 Marginal Tax Rates
2016 Taxable Income Other Income Capital Gains Canadian Dividends
Eligible
Canadian Dividends
Non-Eligible
First $45,282 25.0% 12.50% -0.03% 13.36%
over $45,282 up to $90,563 30.5% 15.25% 7.56% 19.79%
over $90,563 up to $126,625 36.0% 18.00% 15.15% 26.23%
over $126,625 up to $140,388 38.0% 19.00% 17.91% 28.57%
over $140,388 up to $151,950 41.0% 20.50% 22.05% 32.08%
over $151,950 up to $200,000 42.0% 21.00% 23.43% 33.25%
over $200,000 up to $202,600 46.0% 23.00% 28.95% 37.93%
over $202,600 up to $303,900 47.0% 23.50% 30.33% 39.10%
over $303,900 48.0% 24.00% 31.71% 40.27%
2015 Marginal Tax Rates
2015 Taxable Income Other Income Capital Gains Canadian Dividends
Eligible
Canadian Dividends
Non-Eligible
First $44,701 25.00% 12.50% -0.03% 12.84%
over $44,701 up to $89,401 32.00% 16.00% 9.63% 21.10%
over $89,401 up to $125,000 36.00% 18.00% 15.15% 25.82%
over $125,000 up to $138,586 36.50% 18.25% 15.84% 26.41%
over $138,586 up to $150,000 39.50% 19.75% 19.98% 29.95%
over $150,000 up to $200,000 39.75% 19.88% 20.33% 30.25%
over $200,000 up to $300,000 40.00% 20.00% 20.67% 30.54%
over $300,000 40.25% 20.13% 21.02% 30.84%
  • Marginal tax rate for dividends is a % of actual dividends recieved (not grossed-up amount).
  • Marginal tax rate for capital gains is a % of total capital gains (not taxable capital gains).
  • Gross-up rate for eligible dividends is 38%, and for non-eligible dividends is 17% in 2016, 18% in 2015.
  • 2016 non-eligible dividend rates reflect the dividend tax credit rate as per Alberta’s October 2015 Bill 4.
  • For more information see Alberta dividend tax credits.

ALBERTA BASIC PERSONAL AMOUNT

2016 Personal Amount 2016 Tax Rate 2015 Personal Amount 2015 Tax Rate
$18,451 10% 18,214 10%

FEDERAL BASIC PERSONAL AMOUNT

2016 Personal Amount 2016 Tax Rate 2015 Personal Amount 2015 Tax Rate
$11,474 15% $11,327 15%

ALBERTA PERSONAL INCOME TAX RATES

Income Levels 2016 & Later 2015
$0 to $125,000 10.00% 10.00%
$125,001 to $150,000 12.00% 10.50%
$150,001 to $200,000 13.00% 10.75%
$200,001 to $300,000 14.00% 11.00%
$300,001 & Over 15.00% 11.25%

ALBERTA PERSONAL INCOME TAX RATES

2015 2016
Capital Gains 20.10% 22.00%
Eligible Dividends 21.00% 26.20%
Ineligible Dividends 30.80% 35.70%
Regular Dividends 40.30% 44.00%

FEDERAL & ALBERTA TOP MARGINAL TAX RATES FOR NON-ELIGIBLE DIVIDENDS 2015 – 2019

2015 2016 2017 2018 2019
Alberta 9.60% 14.10% 14.10% 14.20% 14.20%
Federal 21.20% 21.60% 22.20% 22.60% 23.00%
Combined 30.80% 35.70% 36.30% 36.80% 37.20%

Alberta’s tax on eligible dividends is no longer fully integrated. Alberta’s dividend tax credit on eligible dividends is under review. The results of this review will be announced in the 2016 budget.