Ontario

Marginal Rates 2020

 

This document is up to date as of September 3, 2020 and reflects the status of legislation, including proposed amendments at this date.

Tax Brackets Other Income Capital Gain Dividends1
Eligible2 Ordinary3
% % % %
ONTARIO
$15,000 – $44,740 20.05 10.03 0.0 8.89
$44,741 – $48,535 24.15 12.08 0.0 13.95
$48,536 – 78,786 29.65 14.83 6.39 20.28
$78,787 – $89,482 31.48 15.74 8.92 22.38
$89,483 – $92,827 33.89 16.95 12.24 25.16
$92,828 – $97,069 37.91 18.95 17.79 29.78
$97,070 – $150,000 43.41 21.70 25.38 36.10
$150,001 – $150,473 46.41 23.20 29.52 39.55
$150,474 – $214,368 47.97 23.98 31.67 41.35
$214,369 – $220,000 51.97 25.98 37.19 45.95
$220,001 and over 53.53 26.76 39.34 47.74
ALL PROVINCES
Federal
For all provinces, except Québec 33.00 16.50 24.81 27.57
Quebec only 27.56 13.78 20.72 23.02
Provincial4
Alberta 48.00 24.00 31.71 42.30
British Columbia 53.50   26.75 36.54 48.89
Manitoba 50.40   25.20 37.78 46.67
New Brunswick 53.30   26.65 33.51 47.75
Newfoundland and Labrador 51.30 25.65 42.61 44.59
 Northwest Territories 47.05 23.53 28.33 36.82
Nova Scotia 54.00 27.00 41.58 48.27
Nunavut 44.50 22.25 33.08 37.79
Ontario 53.53 26.76 39.34 47.74
Prince Edward Island 51.37   25.69 34.22 45.23
Quebec 53.31 26.65 40.11 47.14
Saskatchewan 47.50 23.75 29.64 40.37
Yukon 48.00 24.00 28.93 42.17

1 Rates applicable to actual dividends received (not grossed-up).
2 38% gross-up.
3 15% gross-up.
4 Combined rates, federal and provincial
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