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Ontario
Tax Rates - Current 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

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

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%

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).
Gross-up rate for eligible dividends is 38%, and for non-eligible dividends is 18%.
The surtax is calculated before deducting dividend tax credits.
For more information see Ontario dividend tax credits.
Marginal tax rates do not include the Ontario Health Premium, which increases the above rates by up to 1.2%

Ontario Surtaxes

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

The 36% surtax is in addition to the 20% surtax, for a total surtax of 56%.
The surtax increases the 13.16% tax rate to 20.53% (13.16% x 1.56).

Ontario Basic Personal Amount

2015 Tax Rate 2014 Tax Rate
$9,863 5.05% $9,670 5.05%

Federal Basic Personal Amount

2015 Tax Rate 2014 Tax Rate
$11,327 15% $11,138 15%

 

Revised: November 10, 2014

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