The Canadian Revenue Agency (CRA) has published the income tax brackets and rates for individuals for 2022. For federal tax purposes, the brackets and rates are as follows:
- up to CAD 50,197 - 15%
- over CAD 50,197 up to 100,392 - 20.5%
- over CAD 100,392 up to 155,625 - 26%
- over CAD 155,625 up to 221,708 - 29%
- over CAD 221,708 - 33%
The provincial and territorial tax rates are also provided, with top rates ranging from 11.5% to 21.00% depending on the province/territory. However, amendments t…