Canada top marginal tax rate
Personal federal marginal tax rates. The following historical federal marginal tax rates of the Government of Canada come from the website of the Canada Revenue Agency. They do not include applicable provincial income taxes. Data on marginal tax rates from 1998 to 2018 are publicly available. Marginal tax rate for dividends is a % of actual dividends received (not grossed-up taxable 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 15%. The combined federal and provincial marginal tax rate is 49.80%, which is paid on the income above $210,371. Important to note that you can reduce the amount of the B.C personal income tax you owe with several tax credits , however, he Child Arts Tax Credit, Child Fitness Tax Credit and Child Fitness Equipment Tax Credit are eliminated for the 2018 and subsequent tax years.