Combined Federal and Ontario Personal Tax Rates for 2019

20.05% on the first $43,906 of taxable income, +

24.15% over $43,906 up to $47,630 +

29.65% over $47,630 up to $77,313 +

31.48% over $77,313 up to $87,813 +

33.89% over $87,813 up to $91,101 +

37.91% over $91,101 up to $95,259 +

43.41% over $95,259 up to $147,667 +

46.41% over $147,667 up to $150,000 +

47.97% $150,000 up to $210,371 +

51.97% $210,371 up to $220,000 +

53.53% over $220,000

Combined Federal and Ontario Corporate Tax Rate for 2019

Please note that most small businesses are considered as CCPC and taxed at a net tax rate of 12.5% on the first $500,000 of active business income

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