Roth Mosey
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Tax Facts
Marginal Personal Income Tax Rates - Ontario - 2016
Salary & Interest Capital Gains Canadian Dividends
(non-eligible)
Canadian Dividends
(eligible)
Greater than $220,000 53.53% 26.76% 45.30% 39.34%
Greater than $200,000 51.97% 25.98% 43.48% 37.19%
Greater than $150,000 47.97% 23.98% 38.80% 31.67%
Greater than $140,388 46.41% 23.20% 36.97% 29.52%
Greater than $90,563 43.41% 21.70% 33.46% 25.38%
Greater than $86,176 37.91% 18.95% 27.03% 17.79%
Greater than $83,075 33.89% 16.95% 22.33% 12.24%
Greater than $73,145 31.48% 15.74% 19.51% 8.92%
Greater than $45,282 29.65% 14.83% 17.37% 6.39%
Greater than $41,536 24.15% 12.08% 10.93% 0.00%
Greater than $11,474 20.05% 10.03% 6.13% 0.00%
Greater than $10,011 5.05% 2.53% 6.13% 0.00%


Corporate Income Tax Rates

General

2016 2015
Federal 15.00% 15.00%
Ontario 11.50% 11.50%
Combined 26.50% 26.50%


Income eligible for small business deduction

2016 2015
Federal 10.50% 11.00%
Ontario 4.50% 4.50%
Combined 15.00% 15.50%


Investment Income

2016 2015
Federal 38.67% 34.67%
Ontario 11.50% 11.50%
Combined 50.17% 46.17%


Payroll Deduction Rates

2016 2015
EI Rate 1.88% 1.88%
CPP Rate
($3,500/year Exemption)
4.95% 4.95%
Federal TD1 Exemption $11,474 $11,327
Provincial TD1 Exemption $10,011 $9,863
WSIB Max. Earnings $88,000 $85,200
EHT Max. Exemption $450,000 $450,000
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