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Stephen Lim, CPA, CA
Henry Yan, CPA, CA

The Ascent Team
Suite 105- 3380 Maquinna Drive
Vancouver, BC
V5S 4C6, Canada
info@ascentteam.com
Tel. 604.291-0366
Fax. 604.291.0367
 

2015 Personal Income Tax rates

Canadian dividends

Taxable Income

Combined fed. & prov. Rate

Capital Gains

Non-eligible

Eligible

first $37,869

20.06%

10.03%

7.61%

0.00%

over $37,870 up to $44,701

22.70%

11.35%

10.73%

0.00%

over $44,702 up to $75,740

29.70%

14.85%

18.99%

9.63%

over $75,741 up to $86,958

32.50%

16.25%

22.29%

10.32%

over $86,959 up to $89,401

34.29%

17.15%

24.40%

12.79%

over $89,402 up to $105,592

38.29%

19.15%

29.12%

18.31%

over $105,593 up to $138,586

40.70%

20.35%

31.97%

21.64%

over $138,587 up to $151,050

43.70%

21.85%

35.51%

25.78%

$151,051 and over45.80%22.90%37.98%28.68%

 








2015 CPP and EI Rates

CPP contributions

  • The maximum CPP pensionable earnings are $53,600. Maximum contributory earnings are $50,100 ($53,600 less the basic exemption of $3,500).
  • Employer contribution: $50,100 x 4.95% = $2,479.95
  • Self employed person: $50,100 x 9.90% = $4,959.90

Employment Insurance

  • Maximum insurable earnings are $49,500.
  • Employee's premiums: $49,500 x 1.88% = $930.60
  • Employer's premiums: 1.4 times employee's premiums = $1,302.84



2014 Personal Income Tax rates

Canadian dividends

Taxable Income

Combined fed. & prov. Rate

Capital Gains

Non-eligible

Eligible

first $37,606

20.06%

10.03%

7.61%

0.00%

over $37,607 up to $43,953

22.70%

11.35%

10.73%

0.00%

over $43,954 up to $75,213

29.70%

14.85%

18.99%

9.63%

over $75,214 up to $86,354

32.50%

16.25%

22.29%

10.32%

over $86,355 up to $87,907

34.29%

17.15%

24.40%

12.79%

over $87,908 up to $104,858

38.29%

19.15%

29.12%

18.31%

over $104,859 up to $136,270

40.70%

20.35%

31.97%

21.64%

over $136,271 up to $150,000

43.70%

21.85%

35.51%

25.78%

$150,001 and over45.80%22.90%37.98%28.68%



 






2014 CPP and EI Rates

CPP contributions

  • The maximum CPP pensionable earnings are $52,500. Maximum contributory earnings are $49,000 ($52,500 less the basic exemption of $3,500).
  • Employer contribution: $49,000 x 4.95% = $2,425.50
  • Self employed person: $49,000 x 9.90% = $4,851.00

Employment Insurance

  • Maximum insurable earnings are $48,600.
  • Employee’s premiums: $48,600 x 1.88% = $913.68
  • Employer’s premiums: 1.4 times employee’s premiums = $1,279.15

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