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Ontario Taxes

Data Last Updated: 15 January, 2018

Local Property Taxes (rate per $1,000 of assessed value)

2011
Commercial/Retail Occupied:.05
Commercial/Retail Excess Land:.1
Office Building, Occupied:.12
Office Building, Excess Land:.09
Industrial Occupied:.08
Large Industrial (over 125,000 sq. ft.) Occupied:1.01
Industrial Excess Land:1.02
Area:.99
Note: Properties in Ontario are not subject to personal or state/provincial taxes.

Combined Provincial and Federal Corporate Taxes

 Jan.1 2017 July 1 2017 Jan. 1 2018 July 1 2018 
General/Manufacturing and Processing (General Corporation)25.0%25.0%25.0%25.0%
General; Active Business Income (General Corporation)26.5%26.5%26.5%26.5%
Small Business Income up to $500,000 (Canadian Controlled Private Companies)15.0%15.0%13.50%13.5%
General Active Business Income (Canadian Controlled Private Companies)26.5%26.5%26.5%26.5%
Source: kpmg.com/Ca/en/IssuesAndInsights/ArticlesPublications/Pages/taxrates.aspx     cra-arc.gc.ca/tx/bsnss/tpcs/crprtns/rts-eng.html     home.kpmg.com/content/dam/kpmg/ca/pdf/2017/01/federal-and-provincial-territorial-tax-rates-for-income-earned-by-a-general-corporation-effective-january-1-2017-and-2018.pdf     home.kpmg.com/content/dam/kpmg/ca/pdf/2017/01/federal-and-provincial-territorial-tax-rates-for-income-earned-by-a-ccpc-effective-january-1-2017-and-2018.pdf

Personal Income Tax - Combined Federal and Ontario Rates - 2018 (Including Surtax)

Taxable Income (Can$) Marginal Rate Capital Gains Canadian Eligible Dividends Canadian Non-Eligible 
first $42,96020.05%10.03%-6.86%8.00%
over $42,960 up to $46,60524.15%12.08%-1.20%12.76%
over $46,605 up to $75,65729.65%14.83%6.39%19.14%
over $75,657 up to $85,92331.48%15.74%8.92%21.26%
over $85,923 up to $89,13133.89%16.95%12.24%24.06%
over $89,131 up to $93,20837.91%18.95%17.79%28.72%
over $93,208 up to $144,48943.41%21.70%25.38%35.10%
over $144,489 up to $150,00046.41%23.20%29.52%38.58%
over $150,000 up to $205,84247.97%23.98%31.67%40.39%
over $205,842 up to $220,00051.97%25.98%37.19%45.03%
Over $220,00053.53%26.76%39.34%46.84%
* Source: www.taxtips.ca/taxrates/on.htm

Sales Tax Rates

 2018 Further Info: 
Harmonized Sales Tax (Ontario)13%http://www.cra-arc.gc.ca/tx/bsnss/tpcs/gst-tps/rts-eng.html

Employee Benefit Costs

Employee Benefit Costs 2018 Mandatory by Employer Common Practice for Employers 
Canada Pension Plan (CPP) to maximum premium of $2,593.80/year4.95%4.95%
Employment Insurance Commission to employer maximum premium of $1,302.84/year1.66%1.66%
Workplace Safety and Insurance Board*Varies depending on industry see http://bit.ly/2krwoOt
Employer Health Tax (EHT) on payrolls over $450,0000.98% to 1.95%Calculated by multiplying your Ontario payroll for the year after deducting any tax exemption by the applicable tax rate (between 0.98% to 1.95% )
Vacation4% (2 weeks)6% (3 weeks)
Paid Public Holidays9 Days (3.6%)11 Days (4.40%)
Pension ContributionN/A5-6%
Group Insurance (life, health, sickness, dental, vision, physical/mental fitness)N/A4-7%
Typical Total22.53%31.6-35.6%
* Source: taxtips.ca/cppandei/eirates.htm     cra-arc.gc.ca/tx/bsnss/tpcs/pyrll/clcltng/ei/cnt-chrt-pf-eng.html     cra-arc.gc.ca/tx/bsnss/tpcs/pyrll/clcltng/cpp-rpc/cnt-chrt-pf-eng.html     cra-arc.gc.ca/tx/bsnss/tpcs/pyrll/clcltng/ei/cnt-chrt-pf-eng.html     fin.gov.on.ca/en/tax/eht/index.html     bit.ly/2krwoOt (WSIB Premium rates table)     labour.gov.on.ca/english/es/tools/esworkbook/vacation.php     labour.gov.on.ca/english/es/pubs/guide/publicholidays.php