Individual Income Tax Rates - 2022

Tax Brackets

 

Surtax

Surtax

From

To

Tax Rates

Threshold

Rate

Federal
$ 14,399
$ 50,197
15.0%
(note 1)
$ 50,198
$ 100,392
20.5%
$ 100,393
$ 155,625
26.0%
$ 155,626
$ 221,708
29.0%
$ 221,709
33.0%
 
Ontario
$ 11,142
$ 46,226
5.05%
$ 46,227
$ 92,454
9.15%
$ 4,991
20.0%
$ 92,455
$ 150,000
11.16%
$ 6,387
36.0%
$ 150,001
$ 220,000
12.16%
$ 220,001
13.16%
Note 1:The Ontario surtax rate applies to Ontario tax exeeding the threshold amount.

 

Combined Federal and Ontario Top
Marginal Tax Rates for Individuals

Interest and Regular Income
Capital Gains
Eligible Dividends
Non-Eligible Dividends
53.53%
26.77%
39.34%
47.74%

 

Home | Contact Us | About Us | Taxation| Accounting | Business Advisory | Financial Planning | Links | Site Map