While 2017 tax filings are still fresh in our mind, there’s no time like the present to prepare for next year! The chart below shows the current tax rates for 2018 which have been adjusted for inflation and other factors. Also included is the marginal tax rates for other income, capital gains, and eligible and non-eligible Canadian dividends.

 

2018 Ontario Personal Income Tax Brackets & Rates

 

The chart below shows the current 2018 tax rates compared to tax rates under the Ontario 2018 Budget proposal.

 

2018 Personal Income Tax Rates – Current & Proposed

 

The above information is of a general nature only and should not be relied upon for specific situations.  We do not endorse the accuracy of the charts on the websites above.  Click here for additional tax accounting services information. 

Call Marlies Y Hendricks, CPA at 416-766-3941 to discuss your best options and set up an appointment.