Ontario Tax Rates

Ontario

2025 Tax Rates

Personal Income Tax — Combined Federal + Provincial

Top marginal rates — 2025

Other income 53.53%Capital gains 26.76%Elig. dividends 39.34%Non-elig. dividends 47.74%

Income Range	Other Income	Capital Gains	Eligible Dividends	Non-Elig. Dividends
Up to $52,886	19.55%	9.78%	-7.55%	8.66%
$52,886 – $57,375	23.65%	11.83%	-1.89%	13.38%
$57,375 – $93,132	29.65%	14.83%	6.39%	20.28%
$93,132 – $105,775	31.48%	15.74%	8.92%	22.38%
$105,775 – $109,727	33.89%	16.95%	12.24%	25.16%
$109,727 – $114,750	37.91%	18.95%	17.79%	29.78%
$114,750 – $150,000	43.41%	21.7%	25.38%	36.1%
$150,000 – $177,882	44.97%	22.48%	27.53%	37.9%
$177,882 – $220,000	48.28%	24.14%	32.1%	41.71%
$220,000 – $253,414	49.84%	24.92%	34.25%	43.5%
Over $253,414	53.53%	26.76%	39.34%	47.74%

Rates include Ontario surtax (20% on provincial tax over $5,554; 36% on amounts over $7,108 for 2025). Ontario Health Premium not included.

Corporate Income Tax

General Rate26.5%Combined fed + prov

Small Business Rate12.2%CCPC active business income

Business Limit$500,000SB rate applies up to this limit

Integrated Rates — Corporate + Personal

Integration analysis shows the total tax cost when income flows through a corporation and is then distributed to a top-bracket individual shareholder, compared with earning the same income directly as salary.

Route	Corp Rate	Top Personal Rate	Combined Integrated Rate	vs. Salary
Salary / DirectBaseline	—	53.53%	53.53%	—
Corp (General) → Eligible DividendPublic company or CCPC above limit	26.5%	39.34%	55.41%	+1.88%
Corp (CCPC/SB) → Non-Eligible DividendCCPC within small-business limit	12.2%	47.74%	54.12%	+0.59%

All rates are % of actual amount received: dividend rates apply to the actual dividend (not the grossed-up taxable amount) and capital gains rates apply to the total gain (not the 50% taxable inclusion). A negative eligible dividend rate means the dividend tax credit exceeds the gross-up, resulting in a net tax refund on that income. Corporate rates shown are combined federal and Ontario provincial rates and may differ from federal-only figures. The integration analysis compares routes for a top-bracket individual shareholder and is an approximation only; actual results depend on individual circumstances.