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2013 Income Tax Rates by Province

As they do every year, federal and provincial income tax rates and brackets will be changing in 2013. Here are the expected changes contained in the new Payroll Deductions Formulas for each jurisdiction.

Federal

Federal tax rates are unchanged but income brackets have been indexed 2%:

Tax Rate

2012 Income Threshold

2013 Income Threshold

15%

0 to $42,707

0 to $43,561

22%

$42,707 to $85,414

$43,561 to $87,123

26%

$$85,414 to $132,406

$87,123 to $135,054

29%

Greater than $132,406

Greater than $135,054

 

Alberta

As in 2012, all taxable income will be subject to a tax rate of 10%. Personal amounts, however, will be indexed 1.8%.

 

BC

Same rates but thresholds indexed 1.5%:

Tax Rate 2012 Income Threshold 2013 Income Threshold
5.06% 0 to $37,013 0 to $37,568
7.7% $37,013 to $74,028 $37,568 to $75,138
10.5% $74,028 to $84,993 $75,138 to $86,268
12.29% $84,993 to $103,205 $86,268 to $104,754
14.7% Greater than $103,205 Greater than $104,754

 

Manitoba

Tax rates and income thresholds are the same in 2013 as in 2012:

Income Tax Rate

Income Threshold

10.8%

$31,000 or less

12.75%

$31,001 to $67,000

17.4%

$67,001 and above

 

New Brunswick

Same rates but income thresholds indexed 2%:

2012 Tax Rate

2012 Income Threshold

2013 Tax Rate

2013 Income Threshold

9.1%

0 to $38,190

9.1%

0 to $38,954

12.1%

$38,190 to $76,380

12.1%

$38,954 to $77,908

12.4%

$76,380 to $124,178

12.4%

$77,908 to $126,662

14.3%

Above $124,178

15.9%

Above $126,662

 

Newfoundland & Labrador

Same rates, income thresholds indexed 2.6%:

Provincial Income Tax Rate

2012 Income Threshold

2013 Income Threshold

7.7%

0 to $32,893

0 to $33,748

12.5%

$32,893 to $65,785

$33,748 to $67,496

13.3%

Greater than $65,785

Greater than $67,496

 

Northwest Territories

2013 indexing factor of 2%:

Tax Rate

2012 Income Threshold

2013 Income Threshold

5.9%

0 to $38,679

0 to $39,453

8.6%

$38,679 to $77,360

$39,453 to $78,908

12.2%

$77,360 to $125,771

$78,908 to $128,286

14.05%

Greater than $125,771

Greater than $128,286

 

Nova Scotia

Same rates and income brackets as 2012:

2013 Tax Rate

2013 Income Bracket

8.79%

0 to $29,590

14.95%

$29,591 to $59,180

16.67%

$59,181 to $93,000

17.50%

$93,001 to $150,000

21%

Greater than $150,000

 

Nunavut

Same rates, thresholds indexed 2%:

Tax Rate

2012 Income Threshold

2013 Income Threshold

4%

0 to $40,721

0 to $41,435

7%

$40,721 to $81,442

$41,435 to $83,071

9%

$81,442 to $132,406

$83,071 to $135,054

11.5%

Greater than $132,406

Greater than $135,054

 

Ontario

New income tax bracket of 13.16% and thresholds indexed 1.8%:

Tax Rate (before provincial surtax)

2012 Income Threshold

2013 Income Threshold

5.05%

0 to $39,020

0 to $39,723

9.15%

$39,020 to $78,043

$39,723 to $79,448

11.16%

Greater than $78,043

$79,448 to $509,000

13.16%

NA

Greater than $509,000

 

PEI

Same rates and thresholds as 2012:

Tax Rate 2013 Income Threshold
9.8% 0 to $31,984
13.8% $31,985 to $63,969
16.7% Greater than $63,969

 

Québec

The new income brackets have yet to be officially announced as of the date this story went to press. But here are the 2012 rates and brackets:

Tax Rate 2012 Income Threshold 2011 Income Threshold
16% 0 to $40,100 0 to $39,060
20% $40,100 to $80,200 $39,061 to $78,120
24% More than $80,200 More than $78,120

 

Yukon

Income thresholds indexed 2%, rates unchanged:

Tax Rate

2012 Income Threshold

2013 Income Threshold

7.04%

0 to $42,707

0 to $43,561

9.68%

$42,707 to $85,414

$43,561 to $87,123

11.44%

$85,414 to $132,406

$87,123 to $135,054

12.76%

Over $132,406

Over $135,054

 

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