Below are links to tax filing resources for your year-end tax filing:
When completing form T2125, Statement of Business or Professional Activities, form T2121, Statement of Fishing Activities, or form T2042, Statement of Farming Activities, you have to enter an industry code that corresponds to your main business activity.
Canada Federal and Provincial tax brackets-2020
Your taxable income places you in the following tax brackets.
|Federal tax bracket||Federal tax rates||Alberta tax bracket||Alberta tax rates|
|$48,535 or less||15.00%||$131,220 or less||10.00%|
|$48,536 to $97,069||20.50%||$131,221 to $157,464||12.00%|
|$97,070 to $150,473||26.00%||$157,465 to $209,952||13.00%|
|$150,474 to $214,368||29.00%||$209,953 to $314,928||14.00%|
|More than $214,368||33.00%||More than $314,928||15.00%|