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 $51,780 but not more than $103,545 |
24% |
|
More than $126,000 |
25.75% |
Income 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% |
