Ontario

Tax Brackets 2019

 

This document is up to date as of August 1, 2019 and reflects the status of legislation, including proposed amendments at this date.

FEDERAL – 2019
$47,630 or less 15 %
$47,631 – $95,259 $7,145 + 20.5% on next $47,629
$95,260 – $147,667 $16,908 + 26% on next $52,408
$147,668 – $210,371 $30,535 + 29% on next $62,704
$2105,372 and over $48,719 + 33% on excess
  • 15% rate used for AMT.
  • Indexation rate of 2.2% for 2019.
ONTARIO – 2019
$43,906 or less 5,05 %
$43,907 – $87,813  $2,217 + 9.15 % on next $43,907
$87,814 – $150,0001  $6,235 + 11.16 % on next $62,187
$150,001 – $220,0001  $13,175 + 12.16 % on next $70,000
$220,001 and over  $21,687 + 13.16 % on excess
  • AMT of 33.67% of federal AMT.
  • 20% surtax on tax over $4,740 and additional surtax of 36% on tax over $6,067.
  • Indexation rate of 2.2% for 2019.
TAX CREDIT FOR DIVIDENDS FROM CANADIAN CORPORATIONS – 20192
Eligible Dividends3 Ordinary Dividends4
Federal 15,02% 9,03%5
Ontario 10,00% 3,2863%

1 The $150,000 and $220,000 brackets are not indexed annually.
2 Rates applicable to grossed-up dividends.
3 38% gross-up.
4 15% gross-up since January 1, 2019 (16% in 2018).
5 Since January 1, 2019 (10.03% in 2018).
News and Insights on Tax