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What are the federal and provincial/territorial tax rates for 1999?
A : Federal tax is calculated, on Schedule 1 of the return, by applying a basic rate of 17% on the first $29,590.00 of taxable income. The next portion of $29,590.00 of taxable income is subjected to a rate of 26%. The maximum rate of 29% is applied to any excess over $59,180.00 of taxable income (see calculation chart in Table 1). Basic federal tax is then calculated by subtracting non-refundable tax credits and, if applicable, certain other credits or adjustments.
Provincial or territorial tax (except for Québec residents) is based on a percentage of basic federal tax (see Table 2).
Some provincial or territorial surtaxes and reductions might also apply (see Table 3).
Available provincial or territorial tax credits are listed in Table 4. Refer to applicable Provincial/Territorial T1C forms for details on those credits.
| Taxable income | Rate | Total tax | |
| $29,590.00 or less | Taxable income $ _________ |
× 17% | = $ ________ |
| more than $29,590.00 but less than or equal to $59,180.00 |
Taxable income $ _________ – $ 29,590.00 = $ _________ |
× 26% = |
$ 5,030.00 + $ ________ = $ ________ |
| more than $59,180.00 | Taxable income $ _________ – $ 59,180.00 = $ _________ |
× 29% = |
$ 12,724.00 + $ ________ = $ ________ |
| Provinces / Territories | of Basic federal tax |
| Newfoundland | 69% |
| Prince Edward Island | 58.5% |
| Nova Scotia | 57.5% |
| New Brunswick | 60% |
| Ontario | 39.5% |
| Manitoba | 48.5% |
| Saskatchewan | 48% |
| Alberta | 44% |
| British Columbia | 49.5% |
| Yukon | 50% |
| Northwest Territories | 45% |
| Nunavut | 45% |
| Provinces / Territories | Calculation |
| Newfoundland (High income surtax) |
(Basic NFLD income tax – $7,900) × 10% |
| Prince Edward Island (Surtax) |
(Basic PEI income tax – $5,200) × 10% |
| Nova Scotia (Surtax) (Low income reduction) |
(Basic NS income tax – $10,000) × 10% (Certain amounts) – 5% (Family net income – $15,000) |
| New Brunswick (Surtax) |
(Basic NB income tax – $13,500) × 8% |
| Ontario (Fair Share Health Care Levy) (Reduction) |
(Basic ON income tax – $3,750) × 20% PLUS (Basic ON income tax – $4,681) × 36% (Certain amounts) – (Basic ON income tax + Fair Share) |
| Manitoba (Net income tax) (Surtax on high income) (Reduction) |
Adjusted net income × 2% (Net income tax) – (Certain amounts) (Certain amounts) – (Net income tax) |
| Saskatchewan (Flat tax) (Basic SK tax) (Debt reduction surtax) (High income surtax) (Reduction for middle and low income) |
Adjusted net income × 2% SK tax + SK flat tax (Basic SK tax × 10%) – $150 (Basic SK tax – $4,000) × 15% (Certain amounts) – 5% (Adjusted net income – $10,000) |
| Alberta (Surtax) (Flat tax) (Selective reduction) |
(Basic AB tax – $3,500) × 8% Taxable income × 0.5% $430 – 50% (Basic AB tax + Surtax + Flat tax) |
| British Columbia (Surtax) |
(Adjusted BC income tax – $5,300) × 30% PLUS (Adjusted BC income tax – $8,660) × 19% MINUS (Certain amounts) |
| Yukon (Surtax) (Low income family tax credit/reduction) |
(Basic Yukon tax - $6,000) × 5% $300 – 3 % (Net income – $15,000) to a maximum of 80% (Basic Yukon tax + surtax) |
| Northwest Territories | No surtax, no reduction |
| Nunavut | No surtax, no reduction |
| Provinces / Territories | Credits (see applicable T1C forms) |
| Common to all provinces and territories |
Provincial foreign tax credit Political contribution tax credit (except Saskatchewan) |
| Newfoundland | No additional credits |
| Prince Edward Island | No additional credits |
| Nova Scotia | Labour-sponsored venture-capital tax credit Equity tax credit Home ownership savings plan tax credit |
| New Brunswick | Labour-sponsored venture capital fund tax credit Stock savings plan tax credit |
| Ontario | Property tax credit Sales tax credit Labour-sponsored investment fund tax credit Employee ownership tax credit Home ownership savings plan tax credit Tax Credits for Self-Employed Individuals: - co-operative education tax credit - graduate transitions tax credit - workplace child care tax credit - workplace accessibility tax credit |
| Manitoba | Property tax credit Cost-of-living tax credit Labour-sponsored funds tax credit Equity tax credit Learning tax credit |
| Saskatchewan | Labour-sponsored venture capital tax credit |
| Alberta | Royalty tax rebate |
| British Columbia | Sales tax credit Employee share ownership plan tax credit Employee venture capital tax credit Venture capital tax credit Mining exploration tax credit Logging tax credit |
| Yukon | Small business investment tax credit Mineral exploration tax credit Yukon First Nations income tax credit |
| Northwest Territories | Cost-of-living tax credit Risk capital investment tax credits |
| Nunavut | Cost-of-living tax credit Risk capital investment tax credits |
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Date modified: 2002-02-04 |
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