Income | |
---|---|
Brackets | |
$ From | $ To |
0 | 53,359 |
53,360 | 106,717 |
106,718 | 142,292 |
142,293 | 165,430 |
165,431 | 170,751 |
170,752 | 227,668 |
227,669 | 235,675 |
235,676 | 341,502 |
over | 341,502 |
Marginal Tax Rates (%) | |||||
---|---|---|---|---|---|
Regular Income | Capital | Dividends | |||
Federal | Alberta | Combined | Gains | Eligible | Non-Eligible |
15.00 | 10 | 25.00 | 12.50 | 2.57 | 15.86 |
20.50 | 10 | 30.50 | 15.25 | 10.16 | 22.18 |
26.00 | 10 | 36.00 | 18.00 | 17.75 | 28.51 |
26.00 | 12 | 38.00 | 19.00 | 20.51 | 30.81 |
29.32 | 12 | 41.38 | 20.66 | 25.09 | 34.63 |
29.32 | 13 | 42.32 | 21.16 | 26.47 | 35.78 |
29.32 | 14 | 43.32 | 21.66 | 27.85 | 36.93 |
33.00 | 14 | 47.00 | 23.50 | 32.93 | 41.16 |
33.00 | 15 | 48.00 | 24.00 | 34.31 | 42.31 |
Federal | Alberta | |
---|---|---|
Non-Refundable Tax Credits | ||
15,000 | 21,003 | Basic exemption |
15,000 | 21,003 | Spousal & eligible dependent exemption (less their income) |
8,396 | 5,853 | Age exemption |
Age credit elimination | ||
42,335 | 43,570 | Age exemption reducing by 15% of income greater than this amount |
98,309 | 82,590 | Age exemption is eliminated |
Old Age Security (OAS) | ||
86,912 | OAS claw back starts at 15% of income greater than this amount | |
133,141 | OAS is eliminated (assumes max OAS at 65 years old) | |
Payroll deductions | ||
3,754.45 | CPP - employee @ 5.95% to max of $66,600 | |
7,508.90 | CPP - self employed | |
1,002.45 | EI - Employee share @ 1.63% on $61,500 max earnings | |
Life time capital gains exemption | ||
1,000,000 | Life time capital gains - Farmers | |
971,190 | Life time capital gains - Small business shares | |
Tax Savings | ||
30,780 | RRSP annual Maximum based on 18% of $171,000 wage in prior year | |
6,500 | TFSA annual contribution (potential max now $88,000 born before 1991) |
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