{"uid":"cap_V-2b6tQkcv3_K0y6UzIue","slug":"usaref-income-tax-rate-lookup-672d6f96","name":"usaref Income Tax Rate Lookup","description":"Authoritative North American government reference values as clean JSON: central-bank policy rates, VAT rates, national minimum wages and public holidays for Canada (ca), United States (us). Every value carries a citation to its official primary source (government gazette or central-bank statement), an effective date, a last-confirmed date and a staleness flag.","url":"https://usaref.dev/v1/answers/income-tax","method":"GET","headers":{},"bodySchema":{"type":"object","properties":{"properties":{"type":"string"}}},"responseSchema":{"type":"json","example":{"unit":"percent","notes":"The 15 July 2026 release states verbatim: 'The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%.' effective_from is 2025-10-29, the date of the last CHANGE (a 25 bp cut from 2.50% to 2.25%), not the date of the most recent reaffirmation — the Bank has since held at 2.25% at all SIX subsequent fixed announcement dates: 10 December 2025, 28 January 2026, 18 March 2026, 29 April 2026, 10 June 2026 and 15 July 2026. The full 2026 FAD schedule published by the Bank in August 2025 is 28 January, 18 March, 29 April, 10 June, 15 July, 2 September, 28 October and 9 December, with the Monetary Policy Report released alongside the January, April, July and October decisions. Canada's operating band is 25 bp wide: the Bank Rate (upper limit, standing liquidity facility) is the target +25 bp = 2.50%, and the deposit rate (lower limit, remuneration on settlement balances) is 2.20% — 5 bp below target, a spread the Bank narrowed from the earlier target-minus-25bp convention. The target for the overnight rate is the correct headline policy rate; do not substitute the Bank Rate. Next scheduled fixed announcement date: 2 September 2026. bankofcanada.ca serves clean HTML and is reliably fetchable.","stale":false,"value":2.25,"series":"policy-rate","source":{"url":"https://www.bankofcanada.ca/2026/07/fad-press-release-2026-07-15/","name":"Bank of Canada, Fixed Announcement Date press release 15 July 2026, 'Bank of Canada maintains the policy rate at 2¼%' (decision under the Bank of Canada Act, RSC 1985, c. B-2); rate level set by the FAD press release of 29 October 2025"},"country":"CA","disclaimer":"Independent service, not affiliated with any government. Verify against the cited official source before legal or financial use.","effective_from":"2025-10-29","last_confirmed":"2026-07-20"}},"example":null,"exampleRequest":null,"tags":["x402"],"displayCostAmount":"0.001","displayCostAsset":"USDC","priceDynamic":false,"priceHint":null,"priceStatus":"priced","priceSource":"probe","requiresHandshake":false,"reviewCount":0,"rating":{"score":"0.00","successRate":"0.00","reviews":0,"stars":null,"state":"unrated"},"availabilityStatus":"unknown","priceObserved":null,"sessionDeposit":null,"pricing":{"kind":"static","summary":"$0.005/call","primary":{"kind":"static","protocol":"x402","network":"base","amountUsd":"0.005","per":"call","confidence":"exact"},"accepted":[{"kind":"static","protocol":"x402","network":"base","amountUsd":"0.005","per":"call","confidence":"exact"}]},"paymentMethods":[{"uid":"pm_nGtCIlxS59jsuaj_NIdJE","protocol":"x402","methodType":"crypto","chain":"base","mode":"charge","costAmount":"0.005","costPer":"request","priority":0,"asset":"0x833589fCD6eDb6E08f4c7C32D4f71b54bdA02913","unit":"request","depositMicros":null,"planRef":null}],"brandName":null,"brandSlug":null,"brandBaseUrl":null,"brandDocsUrl":null,"whatItDoes":"Returns authoritative North American income tax reference data for Canada or the United States as clean JSON with official citations and staleness flags","exampleAgentPrompt":"Can you look up the current official income tax rate for Canada, including the effective date and a link to the primary government source?","exampleUseCases":[{"title":"Compliance tool with cited tax rate","prompt":"I'm building a compliance dashboard — can you fetch the current income tax rate for the US with its official citation and effective date so I can display it with proper sourcing?"},{"title":"Check if tax data is stale","prompt":"Can you get the income tax rate for Canada and tell me whether the data is still current or flagged as stale, along with when it was last confirmed?"},{"title":"Cross-border tax comparison","prompt":"I need the authoritative income tax rate values for both Canada and the US with their official government sources — I'm doing a North American cross-border tax comparison."}],"resultDescription":"A JSON object containing the income tax rate value, unit (e.g. percent), country code, series identifier, effective date, last confirmed date, a boolean staleness flag, notes explaining the rate context, and a source object with the official government URL and name. Also includes a disclaimer about independent service status.","failureModes":["Invalid or unsupported country code returns an error or empty response","Rate data may be flagged as stale if not recently reconfirmed against official sources","Malformed input schema may result in unexpected query behavior given the loose input schema definition","Service may be unavailable causing HTTP errors","Data may lag behind very recent government announcements until next update cycle"],"whenToPreferThis":"Choose this endpoint when you need a machine-readable, cited, and staleness-flagged income tax rate for Canada or the US, particularly for compliance, audit, or financial applications that require traceability to an official primary source. Prefer it over general web search when you need structured JSON output with an effective date and authoritative citation rather than a narrative answer.","instructions":null,"reviewSummary":null,"reviewSummaryHighlights":null,"reviewSummaryConcerns":null,"reviewSummaryGeneratedAt":null,"activationCount":0,"lastUsedAt":null,"lastSuccessfullyRanAt":null,"lastHealthCheckAt":"2026-09-13T18:44:07.822Z","isFirstParty":false}