TaxTips.ca - Ontario 2014 and 2013 Personal Marginal Income Tax Rates

Ontario (ON) Personal Income Tax Brackets and Tax Rates Before Surtax
2014 Taxable Income			2014 Tax Rates		2013 Taxable Income			2013 Tax Rates
first $40,120			5.05%		first $39,723			5.05%
over $40,120 up to $80,242			9.15%		over $39,723 up to $79,448			9.15%
over $80,242 up to $150,000			11.16%		over $79,448 up to $509,000			11.16%
over $150,000 up to $220,000			12.16%		over $509,000			13.16%
over $220,000			13.16%
Ontario (ON) Combined Federal & Provincial Tax Brackets and Tax Rates Including Surtaxes
2014 Taxable Income	2014 Marginal Tax Rates				2013 Taxable Income	2013 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 $40,120	20.05%	10.03%	-6.86%	5.35%	first $39,723	20.05%	10.03%	-1.89%	2.77%
over $40,120 up to $43,953	24.15%	12.08%	-1.20%	10.19%	over $39,723 up to $43,561	24.15%	12.08%	3.77%	7.90%
over $43,953 up to $70,651	31.15%	15.58%	8.46%	18.45%	over $43,561 up to $69,963	31.15%	15.58%	13.43%	16.65%
over $70,651 up to $80,242	32.98%	16.49%	10.99%	20.61%	over $69,963 up to $79,448	32.98%	16.49%	14.19%	17.81%
over $80,242 up to $83,237	35.39%	17.70%	14.31%	23.45%	over $79,448 up to $82,422	35.39%	17.70%	17.52%	20.82%
over $83,237 up to $87,907	39.41%	19.70%	19.86%	28.19%	over $82,422 up to $87,123	39.41%	19.70%	19.88%	23.82%
over $87,907 up to $136,270	43.41%	21.70%	25.38%	32.91%	over $87,123 up to $135,054	43.41%	21.70%	25.40%	28.82%
over $136,270 up to $150,000	46.41%	23.20%	29.52%	36.45%	over $135,054 up to $509,000	46.41%	23.20%	29.54%	32.57%
over $150,000 up to $220,000	47.97%	23.98%	31.67%	38.29%	over $509,000	49.53%	24.76%	33.85%	36.47%
over $220,000	49.53%	24.76%	33.82%	40.13%
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). Note: Gross-up rate for non-eligible dividends is 18% in 2014, 25% in 2013. 2014 dividend rates include changes announced in Ontario November 7, 2013 Economic Update. For more information see ON dividend tax credits. 2014 new tax brackets as per the ON 2014 Budget. New tax brackets will not be indexed annually for inflation. Marginal tax rates above do not include the Ontario Health Premium, which increases the above rates by up to 25%.
ON Surtaxes
2014					2013
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			$ 4,331	$ 5,543	Surtax is on ON tax greater than			$ 4,289	$ 5,489
Person with only basic personal amount - surtax starts at taxable income of			$ 70,651	$ 83,237	Person with only basic personal amount - surtax starts at taxable income of			$ 69,963	$ 82,422
Note that the 36% surtax is in addition to the 20% surtax, for a total surtax of 56%. The surtax increases the 2014 rate of 13.16% to 20.53% (13.16% x 1.56).

ON Basic Personal Amount
2014	Tax Rate				2013	Tax Rate
$9,670	5.05%				$9,574	5.05%
Federal Basic Personal Amount
2014	Tax Rate				2013	Tax Rate
$11,138	15.00%				$11,038	15.00%

Ontario (ON)
Personal Income Tax Brackets and Tax Rates Before Surtax

Ontario (ON)
Combined Federal & Provincial Tax Brackets and Tax Rates Including Surtaxes

Ontario -> Tax Rates -> 2013 and 2014 Marginal Tax Rates -> Ontario Personal Income Tax Rates

Ontario 2013 and 2014 Personal Marginal Income Tax Rates

Ontario -> Tax Rates -> 2013 and 2014 Marginal Tax Rates -> Ontario Personal Income Tax Rates

Ontario 2013 and 2014 Personal Marginal Income Tax Rates

Ontario (ON) Personal Income Tax Brackets and Tax Rates Before Surtax

Ontario (ON) Combined Federal & Provincial Tax Brackets and Tax Rates Including Surtaxes

Ontario (ON)
Personal Income Tax Brackets and Tax Rates Before Surtax

Ontario (ON)
Combined Federal & Provincial Tax Brackets and Tax Rates Including Surtaxes