Tax Facts
2006 Personal Tax Rates
| Federal Rates | |||
| $ 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% | ||
Marginal tax rates
This chart should only be used for estimating the tax on certain types of income within rate brackets and not for doing detailed calculations.
Taxable Income |
Tax |
Income |
Capital Gain |
Eligible Dividend |
Non-eligible Dividend |
| $ 0 | $ 0 | 21.30% | 10.65% | (6.04)% | 3.55% |
| 34,758 | 5,548 | 24.40% | 12.20% | (1.54)% | 7.42% |
| 36,378 | 5,944 | 31.15% | 15.58% | 8.24% | 15.86% |
| 61,204 | 13,677 | 32.98% | 16.49% | 9.01% | 16.86% |
| 69,517 | 16,419 | 35.39% | 17.70% | 12.51% | 19.88% |
| 72,105 | 17,335 | 39.41% | 19.71% | 14.94% | 22.59% |
| 72,756 | 17,591 | 43.41% | 21.71% | 20.74% | 27.59% |
| 118,285 | 37,355 | 46.41% | 23.21% | 25.09% | 31.34% |
How much tax will you pay?
Taxable Income |
Estimated
Federal & Ontario Tax |
| $ 20,000 | $ 2,405 |
| 30,000 | 4,535 |
| 40,000 | 7,072 |
| 50,000 | 10,187 |
| 60,000 | 13,302 |
| 70,000 | 16,590 |
| 80,000 | 20,736 |
| 90,000 | 25,077 |
| 100,000 | 29,418 |
| 150,000 | 52,074 |
| 200,000 | 75,279 |
| 250,000 | 98,484 |
| 300,000 | 121,689 |
| 400,000 | 168,098 |
| 500,000 | 214,508 |
| 1,000,000 | 446,556 |
Indexed Amounts for 2006