Ontario -> Tax Rates -> 2014 and 2015 Marginal Tax Rates -> Ontario Personal Income Tax Rates
Ontario 2014 and 2015 Personal Marginal Income Tax Rates
The Ontario tax brackets and personal amount were increased for 2015 by an indexation factor of 1.02. The Federal tax brackets and personal amount were increased for 2015 by an indexation factor of 1.017. The indexation factors, bracket thresholds and personal amounts for 2015 have been confirmed to Canada Revenue Agency amounts.
Please read the article Understanding the Tables of Personal Income Tax Rates.
Ontario Personal Income Tax Brackets and Tax Rates |
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| 2015 Taxable Income | 2015 Tax Rates | 2014 Taxable Income | 2014 Tax Rates | ||||||
| first $40,922 | 5.05% | first $40,120 | 5.05% | ||||||
| over $40,922 up to $81,847 | 9.15% | over $40,120 up to $80,242 | 9.15% | ||||||
| over $81,847 up to $150,000 | 11.16% | over $80,242 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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| 2015 Taxable Income | 2015 Marginal Tax Rates | 2014 Taxable Income | 2014 Marginal Tax Rates | ||||||
| Other Income |
Capital Gains |
Canadian Dividends | Other Income |
Capital Gains |
Canadian Dividends | ||||
| Eligible | Non-Eligible | Eligible | Non-Eligible | ||||||
| first $40,922 | 20.05% | 10.03% | -6.86% | 5.35% | first $40,120 | 20.05% | 10.03% | -6.86% | 5.35% |
| over $40,922 up to $44,701 | 24.15% | 12.08% | -1.20% | 10.19% | over $40,120 up to $43,953 | 24.15% | 12.08% | -1.20% | 10.19% |
| over $44,701 up to $72,064 | 31.15% | 15.58% | 8.46% | 18.45% | over $43,953 up to $70,651 | 31.15% | 15.58% | 8.46% | 18.45% |
| over $72,064 up to $81,847 | 32.98% | 16.49% | 10.99% | 20.61% | over $70,651 up to $80,242 | 32.98% | 16.49% | 10.99% | 20.61% |
| over $81,847 up to $84,902 | 35.39% | 17.70% | 14.31% | 23.45% | over $80,242 up to $83,237 | 35.39% | 17.70% | 14.31% | 23.45% |
| over $84,902 up to $89,401 | 39.41% | 19.70% | 19.86% | 28.19% | over $83,237 up to $87,907 | 39.41% | 19.70% | 19.86% | 28.19% |
| over $89,401 up to $138,586 | 43.41% | 21.70% | 25.38% | 32.91% | over $87,907 up to $136,270 | 43.41% | 21.70% | 25.38% | 32.91% |
| over $138,586 up to $150,000 | 46.41% | 23.20% | 29.52% | 36.45% | over $136,270 up to $150,000 | 46.41% | 23.20% | 29.52% | 36.45% |
| over $150,000 up to $220,000 | 47.97% | 23.98% | 31.67% | 38.29% | over $150,000 up to $220,000 | 47.97% | 23.98% | 31.67% | 38.29% |
| over $220,000 | 49.53% | 24.76% | 33.82% | 40.13% | over $220,000 | 49.53% | 24.76% | 33.82% | 40.13% |
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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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| 2015 | 2014 | ||||||||
| Surtax rate (included in above rates) | 20% | 36% | Surtax rate (included in above rates) | 20% | 36% | ||||
| Surtax is on ON tax greater than | $4,418 | $5,654 | Surtax is on ON tax greater than | $4,331 | $5,543 | ||||
| Person with only basic personal amount - surtax starts at taxable income of | $72,064 | $84,902 | Person with only basic personal amount - surtax starts at taxable income of | $70,651 | $83,237 | ||||
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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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| 2015 | Tax Rate | 2014 | Tax Rate | ||||||
| $9,863 | 5.05% | $9,670 | 5.05% | ||||||
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Federal Basic Personal Amount |
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| 2015 | Tax Rate | 2014 | Tax Rate | ||||||
| $11,327 | 15% | $11,138 | 15% | ||||||
Revised: October 26, 2023