Tax Brackets 2016

FEDERAL – 2016
$45 282  or less 15 %
$45 283  – $90 563 $6 792  + 20,5 % on next $45 281 .
$90 564  – $140 388 $16 075  + 26 % on next $49 824 .
$140 389  – $200 000 $29 029  + 29 % on next $59 612 .
$200 001  et plus $46 317 + 33 %  on excess
  • 15% rate used for AMT.
  • Indexation rate of 1.3% for 2016.
ONTARIO – 2016
$41 536  ou moins 5,05 %
$41 537  – $83 075 $2 098  + 9,15 % on next $41 539  .
$83 076  – $150 0001 $5 898  + 11,16 % on next $66 925  .
$150 001  –  $220 0001 $13 367  + 12,16 % on next $70 000  .
$220 001  and over $21 879  + 13,16 % on excess
  • AMT of 33.67% of federal AMT.
  • 20% surtax on tax over $4,484 and additional 36% surtax on tax over $5,739.
  • Indexation rate of 1.5% for 2016.
TAX CREDIT FOR DIVIDENDS FROM CANADIAN CORPORATIONS  – 20162
Eligible Dividends3 Ordinary Dividends4
Federal 15,02 % 10,52 %5
Ontario6 10,52 % 4,29 %7

1 The $150,000 and $220,000 brackets are not indexed annually.
2 Rates applicable to grossed-up dividends.
3 38% gross-up.
4 17% gross-up since January 1, 2016 (18% before that date).
5 Since January 1, 2016 (11.02% before that date).
6 Ontario surtax applies before the dividend tax credits.
7 Since January 1, 2016 (4.5% before that date).