2006 Income Tax Tables & Tax Rates
Federal tax rates for 2006
- 15.25% on the first $36,378 of taxable income, +
- 22% on the next $36,378 of taxable income (on the portion of taxable income between $36,378 and $72,756), +
- 26% on the next $45,529 of taxable income (on the portion of taxable income between $72,756 and $118,285), +
- 29% of taxable income over $118,285.
| Use this column if your taxable income is $36,378 or less | Use this column if your taxable income is more than $36,378, but not more than $72,756 | Use this column if your taxable income is more than $72,756, but not more than $118,285 | Use this column if your taxable income is more than $118,285 | ||
| Enter your taxable income from line 260 of your return |
1 |
||||
| Base amount | − 0 | − 36,378 | − 72,756 | − 118,285 |
2 |
| Line 1 minus line 2 (this amount cannot be negative) | = | = | = | = |
3 |
| Federal tax rate | × 15.25% | × 22% | × 26% | × 29% |
4 |
| Multiply the amount on line 3 by the tax rate on line 4 | = | = | = | = |
5 |
| Tax on the amount from line 2 | + 0 | + 5,548 | + 13,551 | + 25,388 |
6 |
| Add lines 5 and 6 | = | = | = | = |
7 |
Provincial/Territorial tax rates for 2006
| Provinces / Territories | Rate(s) |
|---|---|
| Newfoundland and Labrador | 10.57% on the first $29,590 of taxable income, + 16.16% on the next $29,590, + 18.02% on the amount over $59,180 |
| Prince Edward Island | 9.8% on the first $30,754 of taxable income, + 13.8% on the next $30,755, + 16.7% on the amount over $61,509 |
| Nova Scotia | 8.79% on the first $29,590 of taxable income, + 14.95% on the next $29,590, + 16.67% on the next $33,820 + 17.5% on the amount over $93,000 |
| New Brunswick | 9.68% on the first $33,450 of taxable income, + 14.82% on the next $33,452, + 16.52% on the next $41,866, + 17.84% on the amount over $108,768 |
| Ontario | 6.05% on the first $34,758 of taxable income, + 9.15% on the next $34,759, + 11.16% on the amount over $69,517 |
| Manitoba | 10.9% on the first $30,544 of taxable income, + 13.5% on the next $34,456, + 17.4% on the amount over $65,000 |
| Saskatchewan | 11% on the first $37,579 of taxable income, + 13% on the next $69,788, + 15% on the amount over $107,367 |
| Alberta | 10% of taxable income |
| British Columbia | 6.05% on the first $33,755 of taxable income, + 9.15% on the next $33,756, + 11.7% on the next $10,000, + 13.7% on the next $16,610, + 14.7% on the amount over $94,121 |
| Yukon | 7.04% on the first $36,378 of taxable income, + 9.68% on the next $36,378, + 11.44% on the next $45,529, + 12.76% on the amount over $118,285 |
| Northwest Territories | 5.9% on the first $34,555 of taxable income, + 8.6% on the next $34,555, + 12.2% on the next $43,248, + 14.05% on the amount over $112,358 |
| Nunavut | 4% on the first $36,378 of taxable income, + 7% on the next $36,378, + 9% on the next $45,529, + 11.5% on the amount over $118,285 |