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What is the rate of income tax paid in Canada?
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In 2017, the basic rate for individuals begins at 15% for taxable income up to $45,916 and escalates to 33% for taxable income over $202,800. Capital gain rates are 7.5% to 16.5%. In addition, each province/territory has a tax in addition to the federal Canadian tax. The provincial rate varies by location.Leave a Comment 24 weeks ago