2008 Federal Tax Bracket Thresholds

On January 1, 2008 all indexed personal income tax amounts, including tax bracket thresholds and amounts used to calculate non-refundable tax credits, were adjusted by 1.9%. The Canada Child Tax Benefit and the goods and services tax credit were also indexed by 1.9%.

For 2008 the federal tax bracket thresholds are:

  • 15% on the first $37,885 of taxable income, plus
  • 22% on the next $37,884 of taxable income (on the portion of taxable income between $37,885 and $75,769), plus
  • 26% on the next $47,415 of taxable income (on the portion of taxable income between $75,769 and $123,184), plus
  • 29% of taxable income over $123,184.

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