Ontario

Tax Brackets 2018

This document is up to date as of August 31, 2018 and reflects the status of legislation, including proposed amendments at this date.

FEDERAL – 2018
$46,605 or less 15 %
$46,606 – $93,208 $6,991 + 20.5% on next $46,603
$93,209 – $144,489 $16,544 + 26% on next $51,281
$144,490 – $205,842 $29,877 + 29% on next $61,353
$205,843 and over $47,670 + 33% on excess
  • 15% rate used for AMT.
  • Indexation rate of 1.5% for 2018.
ONTARIO – 2018
$42,960 or less 5,05 %
$42,961 – $85,923  $2,169 + 9.15 % on next $42,963
$85,924 – $150,0001  $6,101 + 11.16 % on next $64,077
$150,001 – $220,0001  $13,252 + 12.16 % on next $70,000
$220,001 and over  $21,764 + 13.16 % on excess
  • Rate of 5.05% applicable to most credits.
  • AMT of 33.67% of federal AMT.
  • 20% surtax on tax over $4,638 and additional surtax of 36% on tax over $5,936.
  • Indexation rate of 1.8% for 2018.
TAX CREDIT FOR DIVIDENDS FROM CANADIAN CORPORATIONS – 20182
Eligible Dividends3 Ordinary Dividends4
Federal 15,02% 10,03%5
Ontario6 10,00% 3,12%6

1 The $150,000 and $220,000 brackets are not indexed annually.
2 Rates applicable to grossed-up dividends.
3 38% gross-up.
4 16% gross-up (17% in 2017; 15% as of 2019).
5 Since January 1, 2018 (10.52% in 2017; 9.03% as of 2019).
6 Since January 1, 2018 (4.29% in 2017; 2.95% as f 2019).

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