2025 Tax Rates
2025 Combined Federal and Ontario Tax Brackets for Individuals
| Taxable Income | Regular Income % | Ineligible (Private Corporation) Dividends % | Eligible Canadian Dividends % | Capital Gains % |
|---|---|---|---|---|
| $0 to $52,886 | 20.05 | 9.24 | 0.00 | 10.03 |
| $52,887 to $57,375 | 24.15 | 13.95 | 0.00 | 12.08 |
| $57,376 to $93,132 | 29.65 | 20.28 | 6.39 | 14.83 |
| $93,133 to $105,775 | 31.48 | 22.38 | 8.92 | 15.74 |
| $ 105,776 to $109,727 | 33.89 | 25.16 | 12.24 | 16.95 |
| $109,728 to $114,750 | 37.91 | 29.78 | 17.79 | 18.95 |
| $114,751 to $150,000 | 43.41 | 36.10 | 25.38 | 21.70 |
| $150,001 to $177,882 | 44.97 | 37.90 | 27.53 | 22.48 |
| $177,883 to $220,000 | 48.29 | 41.72 | 32.11 | 24.14 |
| $220,001 to $253,414 | 49.85 | 43.51 | 34.26 | 24.92 |
| $253,415 and up | 53.53 | 47.74 | 39.34 | 26.76 |
(This table does not include the Ontario Health Premium)
2025 Federal and Ontario Combined Corporate Income Tax Rates
| Canadian Controlled Private Corporations | Other Corporations | ||
|---|---|---|---|
| Small Business Income
(up to $500,000) |
Investment Income** | General Manufacturing and Processing | General Active Business Income |
| 12.20% | 50.20%* | 25.00% | 26.50% |
| *30.667% of investment income is eligible for refund at a rate of $1 for every $2.61 of dividends paid.
**Canadian taxable dividend income (not from a connected corporation) is taxed federally only under Part IV at a rate of 38.33%. This tax is eligible for refund at a rate of $1 for every $2.61 of dividends paid. |
|||
