The Canadian tax brackets for 2022 depend on the province or territory in which you are filing your taxes. Keep in mind that these rates assume the federal tax rate has been increased to 15%.
For example, British Columbia's 2022 tax brackets will be as follows:
For single taxpayers:
• 15.00% on the first $44,622 of taxable income.
• 20.50% on the portion of taxable income over $44,622, up to $83,113.
• 26.50% on the portion of taxable income over $83,113, up to $89,875.
• 32.50% on the portion of taxable income over $89,875.
For married/common-law taxpayers:
• 15% on the first $52,542 of taxable income.
• 20.5% on the portion of taxable income over $52,542, up to $92,489.
• 26.5% on the portion of taxable income over $92,489, up to $102,188.
• 32.5% on the portion of taxable income over $102,188.
For more information about the 2022 Canadian tax brackets, you can visit https://www.canada.ca/en/revenue-agency/services/tax/individuals/frequently-asked-questions-individuals/canadian-income-tax-rates-individuals-current-previous-years.html.
