Tax Facts
2006 Personal Tax Rates
| Federal Rates | Taxable Income |
Tax |
Marginal Tax Rate |
|
| $ 0 | $ 0 | 15.25% | ||
| 36,378 | 5,548 | 22.00% | ||
| 72,756 | 13,551 | 26.00% | ||
| 118,285 | 25,388 | 29.00% | ||
| Ontario personal tax rates | ||||
| $ 0 | $ 0 | 6.05% | ||
| 34,758 | 2,103 | 9.15% | ||
| 69,517 | 5,283 | 11.16% | ||
| Ontario surtax | ||||
| On Ontario tax over $4,016 | 20.00% | |||
| Plus on Ontario tax over $5,065 | 36.00% | |||
| Combined on Ontario tax over $5,065 | 56.00% | |||