Visualize your income tax brackets and see how income gets taxed at each level.
Federal and provincial marginal rates. You only pay the higher rate on income that falls inside each bracket — not on your whole paycheck.
50% inclusion rate - only half is taxable
Actual amount received: T5 box 24
Actual amount received: T5 box 10
Taxed as regular income: no gross-up or dividend tax credit
Net of expenses. You pay both halves of CPP, no EI
Net rental, interest, royalties. Bracket rates apply, no CPP/EI
Enter your income to see federal, provincial, CPP & EI broken down by bracket.