Individual taxation Ontario 2015
Table 1 – Ontario (2015)
Tax table
Taxable
income
$
20,000
25,000
30,000
35,000
40,000
45,000
50,000
55,000
60,000
65,000
70,000
75,000
80,000
85,000
90,000
95,000
100,000
105,000
110,000
115,000
120,000
125,000
130,000
140,000
150,000
160,000
170,000
180,000
190,000
200,000
250,000
300,000
350,000
400,000
450,000
500,000
550,000
600,000
Federal
$
1,301
2,051
2,801
3,551
4,301
5,072
6,172
7,272
8,372
9,472
10,572
11,672
12,772
13,872
14,996
16,296
17,596
18,896
20,196
21,496
22,796
24,096
25,396
28,038
30,938
33,838
36,738
39,638
42,538
45,438
59,938
74,438
88,938
103,438
117,938
132,438
146,938
161,438
Tax
Ontario
$
512
764
1,017
1,269
1,522
1,942
2,399
2,857
3,314
3,772
4,229
4,740
5,289
5,918
6,789
7,659
8,530
9,400
10,271
11,141
12,012
12,882
13,753
15,494
17,235
19,132
21,029
22,925
24,822
26,719
36,672
46,937
57,202
67,467
77,731
87,996
98,261
108,526
Total
$
1,813
2,815
3,818
4,820
5,823
7,014
8,571
10,129
11,686
13,244
14,801
16,412
18,061
19,790
21,785
23,955
26,126
28,296
30,467
32,637
34,808
36,978
39,149
43,532
48,173
52,970
57,767
62,563
67,360
72,157
96,610
121,375
146,140
170,905
195,669
220,434
245,199
269,964
Effective
rate
%
9.1
11.3
12.7
13.8
14.6
15.6
17.1
18.4
19.5
20.4
21.1
21.9
22.6
23.3
24.2
25.2
26.1
26.9
27.7
28.4
29.0
29.6
30.1
31.1
32.1
33.1
34.0
34.8
35.5
36.1
38.6
40.5
41.8
42.7
43.5
44.1
44.6
45.0
Federal
%
15.0
15.0
15.0
15.0
15.4
22.0
22.0
22.0
22.0
22.0
22.0
22.0
22.0
22.5
26.0
26.0
26.0
26.0
26.0
26.0
26.0
26.0
26.4
29.0
29.0
29.0
29.0
29.0
29.0
29.0
29.0
29.0
29.0
29.0
29.0
29.0
29.0
29.0
Marginal rate
Ontario
%
5.1
5.1
5.1
5.1
8.4
9.2
9.2
9.2
9.2
9.2
10.2
11.0
12.6
17.4
17.4
17.4
17.4
17.4
17.4
17.4
17.4
17.4
17.4
17.4
19.0
19.0
19.0
19.0
19.0
19.9
20.5
20.5
20.5
20.5
20.5
20.5
20.5
20.5
Total
%
20.1
20.1
20.1
20.1
23.8
31.2
31.2
31.2
31.2
31.2
32.2
33.0
34.6
39.9
43.4
43.4
43.4
43.4
43.4
43.4
43.4
43.4
43.8
46.4
48.0
48.0
48.0
48.0
48.0
48.9
49.5
49.5
49.5
49.5
49.5
49.5
49.5
49.5
Marginal rate applies on each dollar of additional income within the range.
5
Federal
Basic personal credit of $1,699 applies.
7
6
8
zz
Ontario
Basic personal credit of $498 applies.
zz 20% provincial surtax on tax over $4,418 and additional 36% surtax on tax over $5,654.
zz The above table does not consider the Ontario Health Premium Tax (which would impact on taxable income
starting at $25,000 in the above Table).
zz
9
10
Table 2 – Non-refundable tax credits (2015)1
Basic
Spouse and eligible dependant
Full-time post-secondary studies (per month):
zz Education amount
zz Textbook amount
Part-time post-secondary studies (per month):
zz Education amount
zz Textbook amount
Disabled dependant aged 18 and older
Caregiver
Fitness amount for children under 16 years of age
Children’s arts amount for children under 16 years of age
Employment amount
Public transit passes amount
Age amount
Pension income amount
Disability amount
Supplement (less than 18 years of age)
Adoption fees
Family tax cut
Federal
Medical expenses
zz
zz
Charitable donations
zz
zz
1
2
3
4
15% of expenses which exceed
the lesser of $2,208 or 3% of
applicant’s net income
No limit
Max. donations: 75% of net income
15% on the first $200 and 29% on
excess amount
Federal
(15%)
Ontario
(5.05%)
$
11,327
11,3272, 17
$
9,863
8,3753
400
65
531
n. a.
120
20
6,7004, 17
4,6086,17
n.a.1
5008
1,1469
Cost10
7,03311
2,000
7,899
4,60713
15,25515
2,000 16
159
n. a.
4,6495
4,6487
(see footnote8)
(see footnote8)
n. a.
n. a.
4,81512
1,364
7,968
4,64714
12,03315
n.a.
Ontario
zz
zz
zz
zz
5.05% of expenses which exceed
the lesser of $2,232 or 3% of
applicant’s net income
Maximum medical expenses for
dependant of $12,033
Max. donations: 75% of net income
5.05% on the first $200 and
11.16% on excess amount
Starting in 2015, the federal non-refundable child tax credit has been replaced with an enhanced Universal Child Care
Benefit. Effective for 2015, the fitness tax credit for children under 16 (maximum $500 amount) became a refundable
credit (it was previously a non-refundable credit).
This amount is reduced by $1 for each dollar of the net income of the spouse or dependant.
Reduced when net income exceeds $837 and becomes nil when it reaches $9,212.
Reduced when net income exceeds $6,720 and becomes nil when it reaches $13,420.
2 Individual taxation Ontario 2015
11
12
13
14
15
16
17 Reduced when net income exceeds $6,608 and becomes nil when it reaches $11,257.
Reduced when net income exceeds $15,735 and becomes nil when it reaches $20,343.
Reduced when net income exceeds $15,905 and becomes nil when it reaches $20,553.
Maximum amount of expenses (per child) eligible for the credit. If the child qualifies for the disability tax credit and is under
18 years of age at the beginning of the year, there is an additional $500 amount (subject to spending a minimum of $100
on eligible registration fees). Ontario has a 10% refundable credit, the Children’s Activity Tax Credit, to a maximum amount
of $551 per child age 16 or less. For Ontario purposes, eligible activities include both fitness and arts amounts (there is
just one credit). If the child qualifies for the disability tax credit and is under 18 years of age, there is an additional $551
amount (subject to spending a minimum of $100 on eligible registration fees).
Amount equal to taxpayer’s employment income for the year (max. $1,146).
In general, the cost of public transit passes valid for at least 28 days, or the cost of short term passes where each pass
is valid for at least 5 consecutive days of unlimited travel and enough passes are purchased to provide for unlimited travel
for at least 20 days in any 28-day period. Also includes the cost of electronic payment cards when used to make at least
32 one-way trips over a maximum of 31 consecutive days.
Reduced when net income exceeds $35,466 and becomes nil when it reaches $82,353.
Reduced when net income exceeds $35,849 and becomes nil when it reaches $67,949.
Reduced when total child care and attendant care expenses exceed $2,699 and becomes nil when such expenses
reach $7,306.
Reduced when total child care and attendant care expenses exceed $2,721 and becomes nil when such expenses
reach $7,368.
Available on eligible adoption expenses incurred in the year up to a maximum of $15,255 ($12,033 for the Ontario credit).
The Family Tax Cut is a new non-refundable tax credit introduced for 2014 and later tax years for couples (eligible spouses
or common-law partners) with at least one child under 18 ordinarily living with them. The maximum claim for this credit is
$2,000 (see topic 79 in the tax planning guide for further details).
The Family Caregiver Amount is available for caregivers of dependants with a mental or physical infirmity, including spouses
and minor children. If eligible, an enhanced amount ($2,093 for 2015) can be claimed for an infirm dependant under one
of the following existing dependency-related credits (if already eligible to claim): spousal, eligible dependant, caregiver or
disabled dependant over 18. The Family Caregiver Amount is also available for disabled minor children. The disabled
dependant over 18 amount in the table already includes the $2,093 Family Caregiver Amount.
Table 3 – Marginal rates (2015)
Tax brackets
$11,328–$40,922
$40,923–$44,701
$44,702–$72,064
$72,065–$81,847
$81,848–$84,902
$84,903–$89,401
$89,402–$138,586
$138,587–$150,000
$150,001–$220,000
$220,001 and over
Other
income %
20.1
24.2
31.2
33.0
35.4
39.4
43.4
46.4
48.0
49.5
Capital
gain %
Ontario
10.0
12.1
15.6
16.5
17.7
19.7
21.7
23.2
24.0
24.8
Dividends
Eligible %
Ordinary %
0.0
0.0
8.5
11.0
14.3
19.9
25.4
29.5
31.7
33.8
5.4
10.2
18.5
20.6
23.5
28.2
32.9
36.5
38.3
40.1
21.0
28.7
32.3
38.3
31.6
22.8
36.1
30.8
38.0
40.8
46.9
33.3
30.7
41.9
All provinces
Combined federal and
provincial rates
Alberta
British Columbia
Manitoba
New Brunswick
Newfoundland and Labrador
Northwest Territories
Nova Scotia
40.3
45.8
46.4
54.8
43.3
43.1
50.0
20.1
22.9
23.2
27.4
21.7
21.5
25.0
Individual taxation Ontario 2015 3
Tax brackets
Nunavut
Ontario
Prince Edward Island
Quebec
Saskatchewan
Yukon
Other
income %
Capital
gain %
40.5
49.5
47.4
50.0
44.0
44.0
20.3
24.8
23.7
25.0
22.0
22.0
Dividends
Eligible %
Ordinary %
27.6
33.8
28.7
35.2
24.8
19.2
Table 4 – Tax brackets
Federal – 2015
$44,701 or less
15%
$44,702–$89,401
$6,705 + 22% on next $44,700
$89,402–$138,586
$16,539 + 26% on next $49,185
$138,587 and over
$29,327+ 29% on excess
zz 15% rate used for AMT and credits, except for charitable donations over $200.
Ontario – 2015
$40,922 or less
$40,923–$81,847
$81,848–$150,000
$150,001–$220,000
5.05%
$2,067 + 9.15% on next $40,925
$5,811 + 11.16% on next $68,153
$13,417 + 12.16% on next $70,000
$220,001 and over
$21,929 + 13.16% on excess
5.05% rate used for credits, except for charitable donations over $200.
zz 20% surtax on provincial tax over $4,418 and an additional 36% surtax on tax over $5,654
zz
Tax credit for dividends from Canadian corporations – 2015
Federal
Ontario
1
2
Gross-up is 38%.
Gross-up is 18%.
4 Individual taxation Ontario 2015
Eligible dividends1 Ordinary dividends2
15.02%
11.02%
10%
4.5%
31.2
40.1
38.7
39.8
34.9
34.2