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The Canadian government has introduced a few more tax measures for the 2023 tax year. The new tax rate is part of a larger effort to make the Canadian tax system more progressive and ensure that everyone pays their fair share. For the 2022 tax year, the federal tax rate for income between $48,535 and $97,069 is 20. Overall, having a solid understanding of the income tax rate in Canada can help individuals plan their finances and make informed decisions about their income and spending. It is always a good idea to seek the advice of a tax professional or consult the Canada Revenue Agency website for the most up-to-date information on the income tax rate in Canada.