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2011 Income Tax Rates Canada |
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Both the federal and provincial governments have imposed income taxes on individuals and the federal government charges the bulk of income taxes with the provinces charging a somewhat lower percentage. Income taxes throughout Canada are progressive with the high income residents paying a higher percentage than the low income residents. Income Tax Rates for the Year 2011:- 15% on the first $41,544 of taxable income
- 22% on the next $41,545 of taxable income (on the portion of taxable income between $41,545 and $83,088)
- 26%on the next $83,089 of taxable income (on the portion of taxable income between $83,089 and $128,880)
- 29% of taxable income over $128,800
Canadian personal income tax can be deferred in a Registered Retirement Savings Plan (RRSP) and tax sheltered savings accounts (which may include mutual funds and other financial instruments) that are intended to help individuals save for their retirement. 2011 Combined Provincial and Federal Income Tax Rates Canada:Listed below are the combined provincial and federal personal income tax rates for every Canadian province and territory for 2011.
Rates are subject to change in accordance with federal and provincial budgets. Provincial / Federal Tax Rates (combined chart)|
| $20,000 – $40,000 | 9.9% on the first $20,000 of taxable income 13.3%on the first $30,000 of taxable income 15.2% on the first $40,000 of taxable income | | $42,000 – $58,000 | 15.7% on the first $42,000 of taxable income 18.2%on the first $50,000 of taxable income 20.0% on the first $58,000 of taxable income | | $60,000 – $70,000 | 20.3% on the first $60,000 of taxable income 21.3%on the first $66,000 of taxable income 22.0% on the first $70,000 of taxable income | | $72,000 – $82,000 | 22.3% on the first $72,000 of taxable income 22.8%on the first $76,000 of taxable income 23.9% on the first $82,000 of taxable income | | $84,000 – $94,000 | 24.4% on the first $84,000 of taxable income 25.6%on the first $90,000 of taxable income 26.4% on the first $94,000 of taxable income | | $96,000 – $115,000 | 26.7% on the first $96,000 of taxable income 28.2%on the first $105,000of taxable income 29.5% on the first $115,000 of taxable income | | $120,000 – $150,000 | 30.1% on the first $120,000 of taxable income 30.6%on the first $125,000of taxable income 33.2% on the first $150,000 of taxable income | | $200,000 – $400,000 | 36.5% on the first $200,000 of taxable income 39.8%on the first $300,000 of taxable income 41.4% on the first $400,000 of taxable income | | $500,000 | 42.4% on the first $500,000 of taxable income 21.3%on the first $66,000 of taxable income 22.0% on the first $70,000 of taxable income | |
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Federal tax rates for 2011 |
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- 15% on the first $41,544 of taxable income, +
- 22% on the next $41,544 of taxable income (on the portion of taxable income between $41,544 and $83,088), +
- 26% on the next $45,712 of taxable income (on the portion of taxable income between $83,088 and $128,800), +
- 29% of taxable income over $128,800.
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Tax Deadline 2011 for 2010 Tax Filing & Tax Return Canada |
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Tax Deadlines 2011 for Filing Your 2010 Tax ReturnThere are a number of tax deadline dates during the year 2011 when returns are due to be filed or payments are due to be paid as follows. Tax Return Filing Deadline for Personal Income Tax: Generally, your tax return for the Year 2010 has to be filled on or before April 30, 2011. Tax Return Filing Deadline for Self-Employed Persons: If you or your spouse or common-law partner carried on a business in 2010 (other than a business whose expenditures are primarily in connection with a tax shelter), your return for 2010 has to be filed on or before June 15, 2011. However, if you have a balance owing for 2010, you still have to pay it on or before April 30, 2011. The first day for using TELEFILE or NETFILE to electronically file your 2010 tax return with CRA on February 11, 2011. For TELEFILE, call 1-800-959-1110 RRSP Deadline: You RRSP deadline for contributing to your RRSP for the 2010 tax year has to be before March 01, 2011. Last day for the electronic filing of your 2010 personal income tax and benefit return using NETFILE: September 30, 2011 Quarterly instalment due if you pay taxes to CRA by instalments: * March 15, 2011
* June 15, 2011
* September 15, 2011
* December 15, 2011 Note: While Tax-Services.ca compiles its list of dates and deadlines from federal and provincial/territorial information and strives to provide accurate information such information is subject to change. Furthermore, this list is not comprehensive. We do not warrant the accuracy of the information and advise all users to consult Canada Revenue Agency, your provincial / territorial government, and/or a taxation professional to confirm all dates and deadlines as they pertain to your personal situation. |
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The following questions and answers are based on proposed measures that were announced in the 2010 budget on March 4, 2010. Please note that these measures will not become law until they have received Royal Assent. The CRA will continue to communicate tax changes through its Web site, its forms and publications, its phone enquiries services and other communication channels, as the information becomes available. In the meantime, consult the Web site of the Department of Finance Canada to find out more. CRA 2010 Budget NewsMore Please click here. |
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