Marginal tax rate - definition

Marginal tax rate is the rate at which your next dollar of income will be taxed.

All of your income is not taxed at the same rate - different tax brackets are taxed at different rates, resulting in an average tax rate. The rates are determined each year by both the federal and provincial governments, and together form a combined rate.

For example, for 2023, the federal tax rates are:
The provincial rates for 2023 for Manitoba are:
Related tasks
How to calculate your marginal tax rate