Here are the new tax brackets at a glance:
Earn up to $18,200 — pay no tax
Pay a 16 per cent tax rate on each dollar earned between $18,201–$45,000
Pay a 30 per cent tax rate on each dollar earned between $45,001–$135,000
Pay a 37 per cent tax rate on each dollar earned between $135,001–$190,000
Pay a 45 per cent tax rate on each dollar earned above $190,000