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2012 Individual Tax Rates
 Download our 2012 Tax Rates Card
Combined Federal and Ontario Income Tax Rates:(1)
| Taxable Income |
Salary/Interest |
Eligible
Dividends(2) |
Ineligible
Dividends(2) |
Capital Gains |
| |
% |
% |
% |
% |
First $39,020 |
20.05 |
(1.89) |
2.77 |
10.03 |
39,021 - 42,707 |
24.15 |
3.77 |
7.90 |
12.08 |
| 42,708 - 68,719 |
31.15 |
13.43 |
16.65 |
15.58 |
| 68,720 - 78,043 |
32.98 |
14.19 |
17.81 |
16.49 |
| 78,044 - 80,963 |
35.39 |
17.52 |
20.82 |
17.70 |
| 80,964 - 85,414 |
39.41 |
19.88 |
23.82 |
19.70 |
| 85,415 - 132,406 |
43.41 |
25.40 |
28.82 |
21.70 |
| Over 132,406 |
46.41 |
29.54 |
32.57 |
23.20 |
(1) These rates do not include the Ontario Health Premium.
(2) These rates apply to the actual amount of taxable dividends received from taxable Canadian corporations. Eligible dividends are
those paid by public corporations and private companies out of earnings that have been taxed at the general corporate tax rate.
E. & O.E.
2012 Corporate Tax Rates
Combined Federal and Ontario Income Tax Rates:
| |
Prior to
July 1, 2012 |
After
June 30, 2012 |
| General Rate |
26.50% |
26.00% |
| Small Business (to $500,000) |
15.50% |
15.50% |
| Investment |
46.17% |
45.67% |
Based on corporations with fiscal
years commencing January 1, 2012 and ending December 31, 2012.
E. & O.E.
Canada Pension Plan (CPP) and Employment Insurance (EI) Rates
2012 Canada Pension Plan (CPP) and Employment Insurance (EI) Rates (Includes 2011 Rates)
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