Marginal Tax Rates

2018 Marginal Personal Income Tax Rates

Taxable Income Federal Ontario
(Proposed)
Total
0 – $10,354 0.00% 0.00% 0.00%
$10,355 – $11,809 0.00% 5.05% 5.05%
$11,810 – 42,960 15.00% 5.05% 20.05%
$42,961 – 46,605 15.00% 9.15% 24.15%
$46,606 – 71,500 20.50% 9.15% 29.65%
71,501 – 82,000 20.50% 11.00% 31.50%
$82,001 – 92,000 20.50% 13.50% 34.00%
92,001 – 93,208 20.50% 17.50% 38.00%
$93,209 –¬† 144,489 26.00% 17.50% 43.50%
$144,490 – 150,000 29.00% 17.50% 46.50%
$150,001 – 205,842 29.00% 19.00% 48.00%
$205,843 – 220,000 33.00% 19.00% 52.00%
$220,001 and above 33.00% 20.53% 53.53%

Note: Ontario proposed tax rates include elimination of the Ontario surtax.

 

Corporation Income Tax Rates for Canadian Controlled Private Corporations 

effective January 1, 2018

Federal Part I (Active Business Income up to $500,000) 10.00%
Ontario (Active Business Income up to $500,000) 3.50%
Total: 13.50%