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Ontario Personal Tax Rates

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Ontario
Tax Rates   ->   Current Marginal Tax Rates -> Ontario Personal Income Tax Rates

Ontario 2019 and 2018 Personal Marginal Income Tax Rates

The Federal tax brackets and personal amounts are increased for 2019 by an indexation factor of 1.022, and the Ontario brackets and amounts are increased by an indexation factor of 1.022, except for the $150,000 and $220,000 bracket amounts, which are not indexed for inflation.  The indexation factors, tax brackets and tax rates have been confirmed to Canada Revenue Agency information.

The gross-up rates for 2018 and 2019 for non-eligible dividends were revised to 16% and 15%, as announced in the October 24, 2017 Federal Fall Economic Statement.  The 2018 and 2019 marginal tax rates for non-eligible dividends reflect the changes in the non-eligible dividend tax credit rate included in Bill 57, Restoring Trust, Transparency and Accountability Act, 2018, tabled November 15, 2018 re the Ontario 2018 Fall Economic Statement. For more information see see Ontario dividend tax credits.

Please read the article Understanding the Tables of Personal Income Tax Rates.

Ontario Personal Income Tax Brackets and Tax Rates

2019 Taxable Income 2019 Tax Rates 2018 Taxable Income 2018 Tax Rates
first $43,906 5.05% first $42,960 5.05%
over $43,906 up to $87,813 9.15% over $42,960 up to $85,923 9.15%
over $87,813 up to $150,000 11.16% over $85,923 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

2019 Taxable Income 2019 Marginal Tax Rates 2018 Taxable Income 2018 Marginal Tax Rates
Other
Income
Capital
Gains
Canadian Dividends Other
Income
Capital
Gains
Canadian Dividends
Eligible Non-Eligible Eligible Non-Eligible
first $43,906 20.05% 10.03% -6.86% 8.89% first $42,960 20.05% 10.03% -6.86% 7.81%
over $43,906 up to $47,630 24.15% 12.08% -1.20% 13.61% over $42,960 up to $46,605 24.15% 12.08% -1.20% 12.57%
over $47,630 up to $77,313 29.65% 14.83% 6.39% 19.93% over $46,605 up to $75,657 29.65% 14.83% 6.39% 18.95%
over $77,313 up to $87,813 31.48% 15.74% 8.92% 22.04% over $75,657 up to $85,923 31.48% 15.74% 8.92% 21.07%
over $87,813 up to $91,101 33.89% 16.95% 12.24% 24.81% over $85,923 up to $89,131 33.89% 16.95% 12.24% 23.87%
over $91,101 up to $95,259 37.91% 18.95% 17.79% 29.43% over $89,131 up to $93,208 37.91% 18.95% 17.79% 28.53%
over $95,259 up to $147,667 43.41% 21.70% 25.38% 35.76% over $93,208 up to $144,489 43.41% 21.70% 25.38% 34.91%
over $147,667 up to $150,000 46.41% 23.20% 29.52% 39.21% over $144,489 up to $150,000 46.41% 23.20% 29.52% 38.39%
over $150,000 up to $210,371 47.97% 23.98% 31.67% 41.00% over $150,000 up to $205,842 47.97% 23.98% 31.67% 40.20%
over $210,371 up to $220,000 51.97% 25.98% 37.19% 45.60% over $205,842 up to $220,000 51.97% 25.98% 37.19% 44.84%
over $220,000 53.53% 26.76% 39.34% 47.40% over $220,000 53.53% 26.76% 39.34% 46.65%

Marginal tax rate for dividends is a % of actual dividends received (not grossed-up taxable 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 15% in 2019, and 16% in 2018.
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

2019 2018
Surtax rate (included in above rates) 20% 36% Surtax rate (included in above rates) 20% 36%
Surtax is on ON tax greater than $4,740 $6,067 Surtax is on ON tax greater than $4,638 $5,936
Person with only basic personal amount - surtax starts at taxable income of $77,313 $91,101 Person with only basic personal amount - surtax starts at taxable income of $75,657 $89,131

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).
Surtaxes are calculated before deducting dividend tax credits.

Ontario Basic Personal Amount

2019 Personal Amount 2019 Tax Rate 2018 Personal Amount 2018 Tax Rate
$10,582 5.05% $10,354 5.05%

Federal Basic Personal Amount

2019 Personal Amount 2019 Tax Rate 2018 Personal Amount 2018 Tax Rate
$12,069 15% $11,809 15%
 

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Revised: November 15, 2018

 

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