4/16/2024 0 Comments Income tax 2021 brackets![]() Our tool has been updated to reflect the National Insurance cut for employees that came in on 6 January 2024. ![]() If you resided in a province or territory on Decem(or the date you left Canada if you emigrated in 2023) and all or part of your 2023 business income was earned and can be allocated to a permanent establishment outside that province or territory, or outside Canada, use Form T2203, Provincial and Territorial Taxes for Multiple Jurisdictions. This handy calculator will show you how much income tax and National Insurance youll pay in the 2023-24, 2022-22 tax years, as well as how much of your salary youll take home. For incomes above this threshold, the additional amount of 1,387 is reduced until it becomes zero at net income of 216,511. If your business income was from outside the province or territory you reside in, from outside Canada, or from multiple provinces (1) The personal amount is increased federally and for Yukon: - for 2021: from 12,421 to 13,808 for taxpayers with net income of 151,978 or less.
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