Ontario Personal Income Tax Brackets and Tax Rates |
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| 2016 Taxable Income | 2016 Tax Rates | 2015 Taxable Income | 2015 Tax Rates | ||||||
| first $41,536 | 5.05% | first $40,922 | 5.05% | ||||||
| over $41,536 up to $83,075 | 9.15% | over $40,922 up to $81,847 | 9.15% | ||||||
| over $83,075 up to $150,000 | 11.16% | over $81,847 up to $150,000 | 11.16% | ||||||
| over $150,000 up to $220,000 | 12.16% | over $150,000 up to $220,000 | 12.16% | ||||||
| over $220,000 | 13.16% | over $220,000 | 13.16% | ||||||
Combined Federal & Ontario Tax Brackets and Tax Rates Including Surtaxes |
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| 2016 Taxable Income | 2016 Marginal Tax Rates | 2015 Taxable Income | 2015 Marginal Tax Rates | ||||||
| Other Income |
Capital Gains |
Canadian Dividends | Other Income |
Capital Gains |
Canadian Dividends | ||||
| Eligible | Non-Eligible | Eligible | Non-Eligible | ||||||
| first $41,536 | 20.05% | 10.03% | -6.86% | 6.13% | first $40,922 | 20.05% | 10.03% | -6.86% | 5.35% |
| over $41,536 up to $45,282 | 24.15% | 12.08% | -1.20% | 10.93% | over $40,922 up to $44,701 | 24.15% | 12.08% | -1.20% | 10.19% |
| over $45,282 up to $73,145 | 29.65% | 14.83% | 6.39% | 17.37% | over $44,701 up to $72,064 | 31.15% | 15.58% | 8.46% | 18.45% |
| over $73,145 up to $83,075 | 31.48% | 15.74% | 8.92% | 19.51% | over $72,064 up to $81,847 | 32.98% | 16.49% | 10.99% | 20.61% |
| over $83,075 up to $86,176 | 33.89% | 16.95% | 12.24% | 22.33% | over $81,847 up to $84,902 | 35.39% | 17.70% | 14.31% | 23.45% |
| over $86,176 up to $90,563 | 37.91% | 18.95% | 17.79% | 27.03% | over $84,902 up to $89,401 | 39.41% | 19.70% | 19.86% | 28.19% |
| over $90,563 up to $140,388 | 43.41% | 21.70% | 25.38% | 33.46% | over $89,401 up to $138,586 | 43.41% | 21.70% | 25.38% | 32.91% |
| over $140,388 up to $150,000 | 46.41% | 23.20% | 29.52% | 36.97% | over $138,586 up to $150,000 | 46.41% | 23.20% | 29.52% | 36.45% |
| over $150,000 up to $200,000 | 47.97% | 23.98% | 31.67% | 38.80% | over $150,000 up to $220,000 | 47.97% | 23.98% | 31.67% | 38.29% |
| over $200,000 up to $220,000 | 51.97% | 25.98% | 37.19% | 43.48% | over $220,000 | 49.53% | 24.76% | 33.82% | 40.13% |
| over $220,000 | 53.53% | 26.76% | 39.34% | 45.30% | |||||
|
Marginal tax rate for dividends is a % of actual
dividends received (not grossed-up amount). |
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Ontario Surtaxes |
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| 2016 | 2015 | ||||||||
| Surtax rate (included in above rates) | 20% | 36% | Surtax rate (included in above rates) | 20% | 36% | ||||
| Surtax is on ON tax greater than | $4,484 | $5,739 | Surtax is on ON tax greater than | $4,418 | $5,654 | ||||
| Person with only basic personal amount - surtax starts at taxable income of | $73,145 | $86,176 | Person with only basic personal amount - surtax starts at taxable income of | $72,064 | $84,902 | ||||
|
The 36% surtax is in addition to
the 20% surtax, for a total surtax of 56%. |
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Ontario Basic Personal Amount |
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| 2016 Personal Amount | 2016 Tax Rate | 2015 Personal Amount | 2015 Tax Rate | ||||||
| $10,011 | 5.05% | $9,863 | 5.05% | ||||||
|
Federal Basic Personal Amount |
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| 2016 Personal Amount | 2016 Tax Rate | 2015 Personal Amount | 2015 Tax Rate | ||||||
| $11,474 | 15% | $11,327 | 15% | ||||||
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