Question:

Ontario tax rates for 2009 in Canada

by Guest7469  |  8 years, 9 month(s) ago

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Ontario tax rates for 2009 in Canada.  Ontario has one of the least tax in all of the canadian provinces. its a surprise but it is true. i have listed the rates below:

6.05% on the first $36,848 of taxable income, +
9.15% on the next $36,850, +
11.16% on the amount over $73,698

 Tags: 2009, Canada, Ontario, rates, tax

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1 ANSWERS

  1. amomipais82
    Federal Personal Income Tax Rates
    2009 Taxable Income   2009 Marginal Tax Rates 2008 Taxable Income 2008 Marginal Tax Rates
    Other
    Income Capital
    Gains Canadian Dividends Other
    Income Capital
    Gains Canadian Dividends
    Eligible
    Dividends Small
    Business
    Dividends Eligible
    Dividends Small
    Business
    Dividends
    first $40,726 15.00% 7.50% -5.75% 2.08% first $37,885 15.00% 7.50% -5.75% 2.08%
    over $40,726 up to $81,452 22.00% 11.00% 4.40% 10.83% over $37,885 up to $75,769 22.00% 11.00% 4.40% 10.83%
    over $81,452 up to $126,264 26.00% 13.00% 10.20% 15.83% over $75,769 up to $123,184 26.00% 13.00% 10.20% 15.83%
    over $126,264 29.00% 14.50% 14.55% 19.58% over $123,184 29.00% 14.50% 14.55% 19.58%
    Marginal tax rate for dividends is a % of actual dividends received (not grossed-up amount).
    Federal Basic Personal Amount
    2009 Tax Rate 2008 Tax Rate
    $10,320 15.00% $9,600 15.00%

    The 2009 rates include changes from the January 27, 2009 Federal Budget, which are now in effect.

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