Tax Brackets 2024 Canada. 20.5% on taxable income over $55,867 up to $111,733. Plug in a few numbers and we’ll give you visibility into your tax bracket, marginal tax rate, average tax rate, and payroll tax deductions, along with an estimate of your tax refunds and taxes owed in 2024.

The canada revenue agency (cra) determines whether you can classify your trading as capital gains or income using four criteria: Find out your tax brackets and how much federal and provincial taxes you will pay.