Table I4 – Tax Brackets - Ontario 2024 | Raymond Chabot Grant Thornton

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2025-2026 Tax Planning Guide
Tables
Table I4 – Tax Brackets – Ontario 2024

2- Ontario

FEDERAL – 2025
$57,375 or less	14.5%
$57,376 – $114,750	$8,319 + 20.5% on next $57,375
$114,751 – $177,882	$20,081 + 26.0% on next $63,132
$177,883 – $253,414	$36,496 + 29.0% on next $75,532
$253,415 and over	$58,400 + 33.0% on excess

20.5% rate used for AMT¹.
Indexation rate of 2.7% in 2025.

ONTARIO – 2025
$52,886 or less	5.05%
$52,887 – $105,775	$2,671 + 9.15% on next $52,889
$105,776 – $150,000²	$7,510 + 11.16% on next $44,225
$150,001 – $220,000¹	$12,446 + 12.16% on next $70,000
$220,001 and over	$20,958 + 13.16% on excess

AMT of 24.63% of federal AMT³.
20% surtax on tax over $5,710 and additional surtax of 36% on tax over $7,307.
Indexation rate of 2.8% in 2025.

TAX CREDIT FOR DIVIDENDS FROM CANADIAN CORPORATIONS – 2025⁴
	Eligible Dividends⁵	Ordinary Dividends⁶
Federal	15.02%	9.03%
Ontario	10.00%	2.9863%

¹ $177,882 basic exemption in 2025, indexed annually.

² The $150,000 and $220,000 brackets are not indexed annually.

³ Rate applicable as of 2024 (33.67% before 2024).

⁴ Rates applicable to grossed-up dividends.

⁵ 38% gross-up.

⁶ 15% gross-up.

Tax Table – Ontario 2025
See Tax Table – Ontario 2025
Table I2 – Main Non-Refundable Tax Credits - ON 2025
See Table I2 – Main Non-Refundable Tax Credits - ON 2025
Table I3 – Marginal Rates - ON 2025
See Table I3 – Marginal Rates - ON 2025
Table I4 – Tax Brackets - Ontario 2024
See Table I4 – Tax Brackets - Ontario 2024

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