PERSONAL INCOME
TAX RATES (FEDERAL AND ONTARIO)
Taxable
Income
|
|
Total
Marginal Tax Rate |
$
0 - $9,600 * |
|
0.0% |
$9,600
- $36,020 * |
|
21.05% |
$36,021
- $37,885 |
|
24.15% |
| $37,886
- $63,428 |
|
31.15% |
$63,429
- $72,041 |
|
32.98% |
$72,042
- $74,720 |
|
35.39% |
$74,721
- $75,769 |
|
39.41% |
$75,770
- $123,184 |
|
43.41% |
over
$123,184 |
|
46.41%
|
The
above information is for general interest purposes only. The table
shows the tax rate within each given range of earnings. It is not
a thoroughly detailed and precise presentation of every rate and
variant, and should not be used for serious planning purposes. It
presents Federal and Provincial rates in effect at January 1, 2008,
and includes Ontario surtaxes.
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