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The federal government collects personal income taxes on behalf of all provinces and territories. It also collects corporate income taxes on behalf of all provinces and territories except Alberta. Canada's federal income tax system is administered by the Canada Revenue Agency (CRA).
Taxpayers can apply a few tax deductions, such as a deduction for a child (starting at approx. 600EUR annually in 2021), for being a student (approx. 160EUR in 2021), for a dependent spouse (approx. 1000EUR in 2021) and more.
Non-residents of Canada with taxable earnings in Canada (e.g. rental income and property disposition income) are required to pay Canadian income tax on these amounts.
Canada requires tax deduction at source on payments of compensation by employers. The deduction is required for federal and provincial income taxes, Canada Pension Plan contributions, and Employment Insurance.
Payroll tax. In 2005 the British Virgin Islands introduced a payroll tax in relation to employment and "deemed employment" within the British Virgin Islands. The legislation was brought in at the same time as income tax in the Territory was reduced to zero.
Canada's federal government has the following tax brackets for the 2012 tax year (all in Canadian dollars). The "basic personal amount" of $15,527 effectively means that income up to this amount is not subject to tax, although it is included in the calculation of taxable income.
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