Federal income tax:2024 brackets filed in spring 2025:
- 15% on the first $55,867
- 20.5% on $55,868 to $111,733
- 26% on $111,734 to $154,906
- 29% on $154,907 to $220,000
- 33% above $220,000
Credits applied: Basic Personal Amount ($15,705 x 15%) plus Canada Employment Amount ($1,368 x 15%) for employees.
CPP:5.95% employee rate on $3,500 to $68,500 pensionable earnings. Self-employed pay 11.9% with a 50% deduction on the employer-half portion.
EI:1.66% on insurable earnings up to $63,200. Employees only.
Provincial tax:calculated using each province's 2024 brackets and basic personal amount. Provincial spending proportions are approximate averages.
Federal spending:each category's share is drawn from the 2024-25 Federal Budget, applied proportionally to your total federal contribution.
Data: Government of Canada Budget 2024, CRA tax tables.