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2020 Popular Numbers

RRSP Maximum  27,230
TFSA $6,000

Federal tax rates for 2020
15% on the first $48,535 of taxable income
20.5% up to $97,069
26% up to $150,473
29% up to $214,368
33% of taxable income over $214,368

Ontario tax rates for 2020
5.05% on the first $44,740
9.15% up to $89,482                                                                       
11.16% up to $150,000
12.16% up to $220,000
13.16 % over $220,000


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