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Ontario 2011 and 2012 Personal Tax Rates

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Ontario
Tax Rates - 2012 and 2011 Tax Rates -> Ontario Personal Income Tax Rates

Ontario 2012 and 2011 Personal Marginal Income Tax Rates

The Ontario tax brackets and personal amount were increased for 2012 by an indexation factor of 1.033.  The Federal tax brackets and personal amount were increased for 2012 by an indexation factor of 1.028.

The Ontario 2012 Budget added a tax bracket for taxable income in excess of $500,000.  The rate for this tax bracket is 12.16% for 2012, and will be 13.16% for 2013.

Please read the article Understanding the Tables of Personal Income Tax Rates.

Ontario (ON)
Personal Income Tax Brackets and Rates Before Surtax
2012 Taxable Income   2012 Tax Rates 2011 Taxable Income   2011 Tax Rates
first $39,020 5.05% first $37,774 5.05%
over $39,020 up to $78,043 9.15% over $37,774 up to $75,550 9.15%
over $78,043 up to $500,000 11.16% over $75,550 11.16%
over $500,000 12.16%  
Ontario (ON)
Combined Federal & Provincial Tax Rates Including Surtaxes
2012 Taxable Income   2012 Marginal Tax Rates 2011 Taxable Income   2011 Marginal Tax Rates
Other
Income
Capital
Gains
Canadian Dividends Other
Income
Capital
Gains
Canadian Dividends
Eligible
Dividends
Non-Eligible
Dividends
Eligible
Dividends
Non-Eligible
Dividends
first $39,020 20.05% 10.03% -1.89% 2.77% first $37,774 20.05% 10.03% -3.93% 2.77%
over $39,020 up to $42,707 24.15% 12.08% 3.77% 7.90% over $37,774 up to $41,544 24.15% 12.08% 1.85% 7.90%
over $42,707 up to $68,719 31.15% 15.58% 13.43% 16.65% over $41,544 up to $66,514 31.15% 15.58% 11.72% 16.65%
over $68,719 up to $78,043 32.98% 16.49% 14.19% 17.81% over $66,514 up to $75,550 32.98% 16.49% 12.50% 17.81%
over $78,043 up to $80,963 35.39% 17.70% 17.52% 20.82% over $75,550 up to $78,361 35.39% 17.70% 15.90% 20.82%
over $80,963 up to $85,414 39.41% 19.70% 19.88% 23.82% over $78,361 up to $83,088 39.41% 19.70% 18.32% 23.82%
over $85,414 up to $132,406 43.41% 21.70% 25.40% 28.82% over $83,088 up to $128,800 43.41% 21.70% 23.96% 28.82%
over $132,406 up to $500,000 46.41% 23.20% 29.54% 32.57% over $128,800 46.41% 23.20% 28.19% 32.57%
over $500,000 47.97% 23.98% 31.69% 34.52%  

Marginal tax rate for dividends is a % of actual dividends received (not grossed-up amount).
Marginal tax rate for capital gains is a % of total capital gains (not taxable capital gains).
Marginal tax rates above do not include the Ontario Health Premium, which increases the above rates by up to 1.2%

ON Surtaxes
2012 2011
ON surtax rate (included in above rates) 20% 36% ON surtax rate (included in above rates) 20% 36%
Surtax is on ON tax greater than $ 4,213 $ 5,392 Surtax is on ON tax greater than $ 4,078 $ 5,219
Person with only basic personal amount - surtax starts at taxable income of $ 68,719 $ 80,963 Person with only basic personal amount - surtax starts at taxable income of $ 66,514 $ 78,361
Note that the 36% surtax is in addition to the 20% surtax, for a total surtax of 56%.
 
ON Basic Personal Amount
2012 Tax Rate 2011 Tax Rate
$9,405 5.05% $9,104 5.05%
Federal Basic Personal Amount
2012 Tax Rate 2011 Tax Rate
$10,822 15.00% $10,527 15.00%

 

Revised: September 20, 2017

 

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