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2016 Combined Federal and Ontario Personal Income Tax Rates

Taxable Income Salary/Interest(%) Eligible Dividends(II)(%) Ineligible Dividends(II)(%) Capital Gains(%)
First $41,536
20.05
(6.86)
6.13
10.03
41,537 – 45,282
24.15
(1.20)
10.93
12.08
45,283 – 73,145
29.65
6.39
17.37
14.83
73,146 – 83,075
31.48
8.92
19.51
15.74
83,076 – 86,176
33.89
12.24
22.33
16.95
86,177 – 90,563
37.91
17.79
27.03
18.95
90,564 – 140,388
43.41
25.38
33.46
21.70
140,389 – 150,000
46.41
29.52
36.97
23.20
150,001 – 200,000
47.97
31.67
38.80
23.98
200,001 – 220,000
51.97
37.19
43.48
25.98
Over 220,000
53.53
39.34
45.30
26.76

(I) These rates do not include the Ontario Health Premium.

(II) These rates apply to the actual amount of taxable dividends received from taxable Canadian corporations. Eligible dividends are those paid by public corporations and private companies out of earnings that have been taxed at the general corporate tax rate.

E. & O.E.

2016 COMBINED FEDERAL AND ONTARIO CORPORATE INCOME TAX RATES:

2016
General Rate 26.50%
Small Business (to $500,000) 15.00%
Investment 50.17%

Based on corporations with fiscal years commencing January 1, 2016 and ending December 31, 2016.

E. & O.E.

2015 COMBINED FEDERAL AND ONTARIO PERSONAL INCOME TAX RATES(I)

Taxable Income
Salary/Interest
(%)
Eligible  Dividends(II)(%)
Ineligible  Dividends(II)(%)
Capital Gains(%)
First $40,922
20.05
(6.86)
5.35
10.03
40,923 – 44,701
24.15
(1.20)
10.19
12.08
44,702 – 72,064
31.15
8.46
18.45
15.58
72,065 – 81,847
32.98
10.99
20.61
16.49
81,848 – 84,902
35.39
14.31
23.45
17.70
84,903 – 89,401
39.41
19.86
28.19
19.70
89,402 – 138,586
43.41
25.38
32.91
21.70
138,587 – 150,000
46.41
29.52
36.45
23.20
150,001 – 220,000
47.97
31.67
38.29
23.98
Over 220,000
49.53
33.82
40.13
24.76

(I) These rates do not include the Ontario Health Premium.

(II) These rates apply to the actual amount of taxable dividends received from taxable Canadian corporations. Eligible dividends are those paid by public corporations and private companies out of earnings that have been taxed at the general corporate tax rate.

E. & O.E.

2015 COMBINED FEDERAL AND ONTARIO CORPORATE INCOME TAX RATES:

2015
General Rate 26.50%
Small Business (to $500,000) 15.50%
Investment 46.17%

Based on corporations with fiscal years commencing January 1, 2015 and ending December 31, 2015.

E. & O.E.

2016 Canada Pension Plan (CPP) and Employment Insurance (EI) Rates (Includes 2015)