Provincial Tax Amounts

Combined Federal & Ontario Provincial tax rate

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         

0%

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

© Wealthrealized.ca. All Rights Reserved. Powered by AllAboutWebServices.Com.