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Ontario 2011 and 2012 Personal Tax Rates
Canadian Tax and
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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.