2022 Marginal Personal Income Tax Rates
| Taxable Income |
Federal |
Ontario |
Total |
| $1 to $11,141 |
0.00% |
0.00% |
0.00% |
| $11,142 to 14,398 |
0.00% |
5.05% |
5.05% |
| $14,399 to $46,226 |
15.00% |
5.05% |
20.05% |
| $46,227 to $50,197 |
15.00% |
9.15% |
24.15% |
| $50,198 to $92,454 |
20.50% |
9.15% |
29.65% |
| $92,455 to $100,392 |
20.50% |
11.16% |
31.66% |
| $100,393 to $150,000 |
26.00% |
11.16% |
37.16% |
| $150,001 to $155,625 |
26.00% |
12.16% |
38.16% |
| $155,626 to $220,000 |
29.00% |
12.16% |
41.16% |
| $220,001 to $221,708 |
29.00% |
13.16% |
42.16% |
| $221,709 and above |
33.00% |
13.16% |
46.16% |
Note: Ontario surtax is not included in the above rates.
Surtax of 20% is applied to Ontario tax of $4,991 to $6,387.
Surtax of 56% is applied to Ontario tax greater than $6,387.
Corporation Income Tax Rates for Canadian Controlled Private Corporations
effective January 1, 2021 (rates are unchanged from prior year)
| Federal Part I (Active Business Income up to $500,000) |
9.00% |
| Ontario (Active Business Income up to $500,000) |
3.20% |
| Total: |
12.20% |
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