Personal Finance 102–Provincial and Territorial Taxes

Provinces and territories in Canada also collect taxes. Similar to the taxes collected by the federal government, the revenue (taxes) collected by provincial and territory governments are used to improve public life.

Each province and territory is allowed to develop their own tax laws and policies. The Canada Revenue Agency (CRA), collects provincial and territorial taxes, except in Quebec. The provincial and territorial tax rate on employment income is calculated at a graduated rate. The more money that is earned the higher the rate of taxes paid.

Find current Provincial and Territorial tax rates. Click Here