Ontario Tax Information

Combined Federal & Ontario Provincial tax rates

2016 Taxable IncomeTax Rate

$0 - $10,011

$10,012 - $11,474        

$11,475 - $41,536        

$41,537 - $45,282        

$45,283 - $73,145        

$73,146 - $83,075        

$83,076 - $86,176        

$86,177 - $90,563        

$90,564 - $140,388       

$140,389 - $150,000      

$150,001 - $200,000      

$200,001 - $220,000      

Over $220,000


2016 Taxable IncomeTax Rate

5.05%

20.05%

24.15%

29.65%

31.48%

33.89%

37.91%

43.41%

46.41%

47.97%

51.97%

53.53%

* Approximates tax payable given basic federal and provincial personal credits

Ontario Basic Personal Amount 2016: $10,011

Federal Basic Personal Amount 2016: $11,474

CPP & OAS

Max CPP annual contribution for 2016 - 4.95%:     $2,544

Max EI annual contribution for 2016 - 1.88%:       $955 

Max CPP monthly benefit payment for 2016:       $1,093

Max OAS monthly benefit payment for 2016:        $571

Max

$54,900 Max Pensionable Earnings

$50,800 Max Insurable Earnings