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Personal Income Tax Tables

When reviewing your income taxes and looking for ways to reduce your annual tax bill, the first step is determining what tax bracket you currenly fit in.


Federal Tax Rates for 2016 and 2017

15% on the first $45,282 of taxable income, +
20.5% on the next $45,281 of taxable income
(on the portion of taxable income over $45,282 up to $90,563), +
26% on the next $49,825 of taxable income
(on the portion of taxable income over $90,563 up to $140,388), +
29% on the next $59,612 of taxable income
(on the portion of taxable income over $140,388 up to $200,000), +
  33%   on the amount over $200,000.                                

Under the current tax on income method, provincial tax for all provinces (except Quebec) and territories is calculated the same way as federal tax. The rate below applies to Ontario only.

Ontario Tax Rates for 2016 and 2017

5.05% on the first $41,536 of taxable income, +
9.15% on the next $41,539, +
11.16% on the next $66,925, +
12.16% on the next $70,000, +
13.16% on the amount over $220,000.
The next step is to calculate your marginal tax rate. That's the rate at which the last dollar you earned in any year was taxed. Refer to the Marginal Tax Rate page in the Related Information section to your right for more details.


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