Federal and Alberta 2020 and 2019 Personal Marginal Income Tax Rates
Combined Federal & Alberta Tax Brackets and Tax Rates
|
2020 Taxable Income
|
2020 Marginal Tax Rates
|
2019 Taxable Income
|
2019 Marginal Tax Rates
|
Other
Income
|
Capital
Gains
|
Canadian Dividends
|
Other
Income
|
Capital
Gains
|
Canadian Dividends
|
Eligible
|
Non-Eligible
|
Eligible
|
Non-Eligible
|
first $48,535
|
25.0%
|
12.50%
|
-0.03%
|
15.86%
|
first $47,630
|
25.0%
|
12.50%
|
-0.03%
|
15.86%
|
over $48,535 up to $97,069
|
30.5%
|
15.25%
|
7.56%
|
22.18%
|
over $47,630 up to $95,259
|
30.5%
|
15.25%
|
7.56%
|
22.18%
|
over $97,069 up to $131,220
|
36.0%
|
18.00%
|
15.15%
|
28.51%
|
over $95,259 up to $131,220
|
36.0%
|
18.00%
|
15.15%
|
28.51%
|
over $131,220 up to $150,473
|
38.0%
|
19.00%
|
17.91%
|
30.81%
|
over $131,220 up to $147,667
|
38.0%
|
19.00%
|
17.91%
|
30.81%
|
over $150,473 up to $157,464
|
41.0%
|
20.50%
|
22.05%
|
34.26%
|
over $147,667 up to $157,464
|
41.0%
|
20.50%
|
22.05%
|
34.26%
|
over $157,464 up to $209,952
|
42.0%
|
21.00%
|
23.43%
|
35.41%
|
over $157,464 up to $209,952
|
42.0%
|
21.00%
|
23.43%
|
35.41%
|
over $209,952 up to $214,368
|
43.0%
|
21.50%
|
24.81%
|
36.56%
|
over $209,952 up to $210,371
|
43.0%
|
21.50%
|
24.81%
|
36.56%
|
over $214,368 up to $314,928
|
47.0%
|
23.50%
|
30.33%
|
41.16%
|
over $210,371 up to $314,928
|
47.0%
|
23.50%
|
30.33%
|
41.16%
|
over $314,928
|
48.0%
|
24.00%
|
31.71%
|
42.31%
|
over $314,928
|
48.0%
|
24.00%
|
31.71%
|
42.31%
|
Marginal tax rate for dividends is a % of actual dividends received (not grossed-up taxable amount).
Marginal tax rate for capital gains is a % of total capital gains (not taxable capital gains).
Gross-up rate for eligible dividends is 38%, and for non-eligible dividends is 15%.
For more information see Alberta dividend tax credits.
|
Alberta Basic Personal Amount
|
2020
|
2020
|
2019
|
2019 Tax Rate
|
$19,369
|
10%
|
$19,369
|
10%
|
Federal Basic Personal Amount
|
2020
|
2020
|
2019 Personal Amount
|
2019 Tax Rate
|
$12,298
|
15%
|
$12,069
|
15%
|
Federal and Alberta 2019 Corporate Marginal Income Tax Rates
2019 Corporate Income Tax Rates
|
|
Active Business Income
|
Investment
Income
CCPC
|
|
General
|
Small Business
(CCPC)
|
Business
Limit
|
Federal (3)
|
15%
|
9%
|
$500,000
|
38.7%
|
Alberta (8)
|
12% / 11%
|
2%
|
$500,000
|
12%
|
|