Ads
keep this website free for you. TaxTips.ca does
not research or endorse any product or service appearing in
ads on this site.
Before making a major financial decision you
should consult a qualified professional.
Ontario 2012 and 2011 Personal Marginal
Income Tax Rates
The Ontario tax brackets and personal amount were
increased for 2012 by an indexation factor of 1.033. The Federal tax
brackets and personal amount were increased for 2012 by an indexation
factor of 1.028.
The Ontario 2012
Budget added a tax bracket for taxable income in excess of
$500,000. The rate for this tax bracket is 12.16% for 2012, and will
be 13.16% for 2013.
Facebook
| Twitter
| See What’s New, stay
connected with TaxTips.ca by RSS or Email
The information on this site is not intended to be a
substitute for professional advice. Each person's situation differs, and
a professional advisor can assist you in using the information on this web
site to your best advantage.
Please see our legal
disclaimer regarding the use of information on our site, and our Privacy
Policy regarding information that may be collected from visitors to our
site.