Marginal Personal Tax Rates    2016

( combined Federal & Ontario taxes )

 

 

2016 Basic Federal Exemption - $ 11,474

 

           Tax Brackets

 

$   11,475   -   $   41,536                  20.05 %

 

$   41,537   -   $   45,282                  24.15 %

 

$   45,283   -   $   73,145                  29.65 %

 

$   73,146   -   $   83,075                  31.48 %

 

$   83,076   -   $   86,176                  33.89 %

 

$   86,177   -   $   90,563                  37.91 %

 

$   90,564   -   $ 140,388                  43.41 %

 

$ 140,389   -   $ 150,000                  46.41 %

 

$ 150,001   -   $ 200,000                  47.97 %

 

$ 200,001   -   $ 220,000                  51.97 %

 

$ 220,001   &   over                  53.53%