Combined Federal and Ontario personal tax rates for 2018
20.05% on the first $$42,960 of taxable income, +
24.15% over $42,960 up to $46,605 +
29.65% over $46,605 up to $75,657 +
31.48% over $75,657 up to $85,923 +
33.89% over $85,923 up to $89,131 +
37.91% over $89,131 up to $93,208 +
43.41% over $93,208 up to $144,489 +
46.41% over $144,489 up to $150,000 +
47.97% over $150,000 up to $205,842 +
51.97% over $205,842 up to $220,000 +
53.53% over $220,000
Federal corporate tax rates for 2018
Please note that most small businesses are considered as CCPC and taxed at a net tax rate of 13.5% on the first $500,000 of active business income
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