Combined Federal & Ontario Provincial tax rates

 

2016 Taxable IncomeTax Rate

$0 - $10,011                           0%

$10,012 - $11,474                 5.05%

$11,475 - $41,536                 20.05%

$41,537 - $45,282                 24.15%

$45,283 - $73,145                 29.65%

$73,146 - $83,075                 31.48%

$83,076 - $86,176                 33.89%

$86,177 - $90,563                 37.91%

$90,564 - $140,388               43.41%

$140,389 - $150,000             46.41%

$150,001 - $200,000             47.97%

$200,001 - $220,000             51.97%

Over $220,000                       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

Max CPP annual contribution for 2016 - 4.95%:           $2,544            $54,900 Max Pensionable Earnings
Max EI annual contribution for 2016 - 1.88%:               $955               $50,800 Max Insurable Earnings

 

Max CPP monthly benefit payment for 2016:               $1,093
Max OAS monthly benefit payment for 2016:               $571