Ontario
Tax Rates -> Current Marginal Tax Rates -> Ontario Personal Income Tax Rates
Ontario 2018 Personal Marginal Income Tax Rates - Current and Previously Proposed
The Ontario 2018 Budget proposed to eliminate the surtax, and revise the personal income tax brackets and rates, as per the table below. The problem with the surtax is that it is increases the amount of personal tax credits for taxpayers who are subject to the surtax. The new Conservative government elected in June 2018 has indicated that the proposed changes will not happen.
Please read the article Understanding the Tables of Personal Income Tax Rates.
Ontario Personal Income Tax Brackets and Tax Rates |
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| Current 2018 Tax Brackets & Rates | Proposed 2018 Tax Brackets and Rates | ||||||||
| Taxable Income | Tax Rates | Taxable Income | Tax Rates | ||||||
| first $42,960 | 5.05% | first $42,960 | 5.05% | ||||||
| over $42,960 up to $85,923 | 9.15% | over $42,960 up to $71,500 | 9.15% | ||||||
| over $85,923 up to $150,000 | 11.16% | over $71,500 up to $82,000 | 11.00% | ||||||
| over $150,000 up to $220,000 | 12.16% | over $82,000 up to $92,000 | 13.50% | ||||||
| over $220,000 | 13.16% | over $92,000 up to $150,000 | 17.50% | ||||||
| over $150,000 up to $220,000 | 19.00% | ||||||||
| over $220,000 | 20.53% | ||||||||
Combined Federal & Ontario Tax Brackets and Tax Rates Including Surtaxes |
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| Taxable Income | Current Marginal Tax Rates | Taxable Income | Proposed Marginal Tax Rates | ||||||
| Other Income |
Capital Gains |
Canadian Dividends | Other Income |
Capital Gains |
Canadian Dividends | ||||
| Eligible | Non-Eligible | Eligible | Non-Eligible | ||||||
| first $42,960 | 20.05% | 10.03% | -6.86% | 8.00% | first $42,960 | 20.05% | 10.03% | -6.86% | 6.13% |
| over $42,960 up to $46,605 | 24.15% | 12.08% | -1.20% | 12.76% | over $42,960 up to $46,605 | 24.15% | 12.08% | -1.20% | 12.76% |
| over $46,605 up to $75,657 | 29.65% | 14.83% | 6.39% | 19.14% | over $46,605 up to $71,500 | 29.65% | 14.83% | 6.39% | 19.14% |
| over $75,657 up to $85,923 | 31.48% | 15.74% | 8.92% | 21.26% | over $71,500 up to $82,000 | 31.50% | 15.75% | 8.94% | 21.29% |
| over $85,923 up to $89,131 | 33.89% | 16.95% | 12.24% | 24.06% | over $82,000 up to 92,000 | 34.00% | 17.00% | 12.39% | 24.19% |
| over $89,131 up to $93,208 | 37.91% | 18.95% | 17.79% | 28.72% | over $92,000 up to $93,208 | 38.00% | 19.00% | 17.91% | 28.83% |
| over $93,208 up to $144,489 | 43.41% | 21.70% | 25.38% | 35.10% | over $93,208 up to $144,489 | 43.50% | 21.75% | 25.50% | 35.21% |
| over $144,489 up to $150,000 | 46.41% | 23.20% | 29.52% | 38.58% | over $144,489 up to $150,000 | 46.50% | 23.25% | 29.64% | 38.69% |
| over $150,000 up to $205,842 | 47.97% | 23.98% | 31.67% | 40.39% | over $150,000 up to $205,842 | 48.00% | 24.00% | 31.71% | 40.43% |
| over $205,842 up to $220,000 | 51.97% | 25.98% | 37.19% | 45.03% | over $205,842 up to $220,000 | 52.00% | 26.00% | 37.23% | 45.07% |
| over $220,000 | 53.53% | 26.76% | 39.34% | 46.84% | over $220,000 | 53.53% | 26.77% | 39.34% | 46.84% |
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Marginal tax rate for dividends is a % of actual
dividends received (not grossed-up taxable amount). |
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Ontario Surtaxes |
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| Current | Proposed | ||||||||
| Surtax rate (included in above rates) | 20% | 36% |
No surtax |
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| Surtax is on ON tax greater than | $4,638 | $5,936 | |||||||
| Person with only basic personal amount - surtax starts at taxable income of | $75,657 | $89,131 | |||||||
The 36% surtax is in addition to
the 20% surtax, for a total surtax of 56%. |
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Revised: October 26, 2023