Ontario
Tax Rates -> 2017 & 2018 Marginal Tax Rates -> Ontario 2017 and 2018 Personal Income Tax Rates
Ontario 2017 and 2018 Personal Marginal Income Tax Rates
The 2018 tax rates below are the current tax rates - see also our table of 2018 Current vs Proposed Personal Income Tax Rates, as per the Ontario 2018 Budget. These tax changes were not tabled, and the government was defeated in a June 2018 election, so the proposed tax changes will not happen.
The Federal tax brackets and personal amounts are increased for 2018 by an indexation factor of 1.015, and the Ontario brackets and amounts are increased by an indexation factor of 1.018, except for the $150,000 and $220,000 bracket amounts, which are not indexed for inflation, as per the Ontario 2014 Budget. The indexation factors, tax brackets and tax rates have been confirmed to Canada Revenue Agency information.
The 2018 marginal tax rates for non-eligible dividends reflect the change in the non-eligible dividend tax credit rate included in Bill 57, Restoring Trust, Transparency and Accountability Act, 2018, tabled November 15, 2018 re the Ontario 2018 Fall Economic Statement.
Please read the article Understanding the Tables of Personal Income Tax Rates.
Ontario Personal Income Tax Brackets and Tax Rates |
|||||||||
| 2018 Taxable Income | 2018 Tax Rates | 2017 Taxable Income | 2017 Tax Rates | ||||||
| first $42,960 | 5.05% | first $42,201 | 5.05% | ||||||
| over $42,960 up to $85,923 | 9.15% | over $42,201 up to $84,404 | 9.15% | ||||||
| over $85,923 up to $150,000 | 11.16% | over $84,404 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 |
|||||||||
| 2018 Taxable Income | 2018 Marginal Tax Rates | 2017 Taxable Income | 2017 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% | 7.81% | first $42,201 | 20.05% | 10.03% | -6.86% | 6.13% |
| over $42,960 up to $46,605 | 24.15% | 12.08% | -1.20% | 12.57% | over $42,201 up to $45,916 | 24.15% | 12.08% | -1.20% | 10.93% |
| over $46,605 up to $75,657 | 29.65% | 14.83% | 6.39% | 18.95% | over $45,916 up to $74,313 | 29.65% | 14.83% | 6.39% | 17.37% |
| over $75,657 up to $85,923 | 31.48% | 15.74% | 8.92% | 21.07% | over $74,313 up to $84,404 | 31.48% | 15.74% | 8.92% | 19.51% |
| over $85,923 up to $89,131 | 33.89% | 16.95% | 12.24% | 23.87% | over $84,404 up to $87,559 | 33.89% | 16.95% | 12.24% | 22.33% |
| over $89,131 up to $93,208 | 37.91% | 18.95% | 17.79% | 28.53% | over $87,559 up to $91,831 | 37.91% | 18.95% | 17.79% | 27.03% |
| over $93,208 up to $144,489 | 43.41% | 21.70% | 25.38% | 34.91% | over $91,831 up to $142,353 | 43.41% | 21.70% | 25.38% | 33.46% |
| over $144,489 up to $150,000 | 46.41% | 23.20% | 29.52% | 38.39% | over $142,353 up to $150,000 | 46.41% | 23.20% | 29.52% | 36.97% |
| over $150,000 up to $205,842 | 47.97% | 23.98% | 31.67% | 40.20% | over $150,000 up to $202,800 | 47.97% | 23.98% | 31.67% | 38.80% |
| over $205,842 up to $220,000 | 51.97% | 25.98% | 37.19% | 44.84% | over $202,800 up to $220,000 | 51.97% | 25.98% | 37.19% | 43.48% |
| over $220,000 | 53.53% | 26.76% | 39.34% | 46.65% | 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 taxable amount). |
|||||||||
|
Ontario Surtaxes |
|||||||||
| 2018 | 2017 | ||||||||
| Surtax rate (included in above rates) | 20% | 36% | Surtax rate (included in above rates) | 20% | 36% | ||||
| Surtax is on ON tax greater than | $4,638 | $5,936 | Surtax is on ON tax greater than | $4,556 | $5,831 | ||||
| Person with only basic personal amount - surtax starts at taxable income of | $75,657 | $89,131 | Person with only basic personal amount - surtax starts at taxable income of | $74,313 | $87,559 | ||||
The 36% surtax is in addition to
the 20% surtax, for a total surtax of 56%. |
|||||||||
|
Ontario Basic Personal Amount |
|||||||||
| 2018 Personal Amount | 2018 Tax Rate | 2017 Personal Amount | 2017 Tax Rate | ||||||
| $10,354 | 5.05% | $10,171 | 5.05% | ||||||
|
Federal Basic Personal Amount |
|||||||||
| 2018 Personal Amount | 2018 Tax Rate | 2017 Personal Amount | 2017 Tax Rate | ||||||
| $11,809 | 15% | $11,635 | 15% | ||||||
Copyright © 2002 Boat Harbour Investments Ltd.
Revised: October 26, 2023