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Combined Federal and Ontario Personal Tax Rates for 2022
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20.05% on the first $46,226 of taxable income, +
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24.15% over $46,226 up to $50,197+
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29.65% over $50,197 up to $81,411 +
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31.48% over $81,411 up to $92,454 +
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33.89% over $92,454 up to $95,906 +
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37.91% over $95,906 up to $100.392 +
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43.41% over $100,392 up to $150,000 +
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44.97% over $150,000 up to $155,625 +
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48.35% $155,652 up to $220,000 +
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49.91% $220,000 up to $221,708 +
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53.53% over $221,708
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Combined Federal and Ontario Corporate Tax Rate for 2022
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Please note that most small businesses are considered as CCPC and taxed at a net tax rate of 12.2% on the first $500,000 of active business income
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Tax preparation service
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