Table 4 – Tax brackets

Federal – 2016
$45,282 or less 15%
$45,283 – $90,563 $6,792 + 20.50% on next $45,281
$90,564– $140,388 $16,075 + 26% on next $49,825
$140,389 – $200,000 $29,029 + 29% on next $59,612
$200,001 and over $46,317 + 33% on excess
  • 15% rate used for AMT and credits, except for charitable donations over $200.
Ontario – 2016
$41,536 or less 5.05%
$41,537 – $83,075 $2,098 + 9.15% on next $41,539
$83,076 – $150,000 $5,898 + 11.16% on next $66,925
$150,001 – $220,000 $13,367 + 12.16% on next $70,000
$220,001 and over $21,879 + 13.16% on excess
  • 5.05% rate used for credits, except for charitable donations over $200.
Tax credit for dividends from
Canadian corporations – 2016
Eligible dividends1 Ordinary dividends2
Federal 15.02% 10.52%
Ontario 10% 4.29%

1 Gross-up is 38%.
2 Gross-up is 17%.