Tax Table – Ontario 2025
Marginal rate applies on each dollar of additional income.
Table I4 – Tax Brackets – Ontario 2024
| 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.
2- Ontario
Table I2 – Main Non-Refundable Tax Credits – ON 2025
Federal (14.5%) Ontario (5.05%) $ $ Basic personal amount 16,1291 12,747 Spouse and eligible dependant 16,1291, 2, 3 10,8234 Caregiver for a dependant aged 18
Table I3 – Marginal Rates – ON 2025
1 Rates applicable to actual dividends received (not grossed-up).