Marginal Tax Rates 2024 Canada Uk.  — (1) the federal top marginal tax rate applies on taxable income over $246,752 for 2024. The rates reflect all 2024 federal, provincial, and.

 — however, canada uses a progressive marginal tax system which means that the first $48,535 that every individual earns is taxed at the 15% rate and only income. How much of your income is above your personal allowance.