Tax Brackets 2017

This document has been updated on October 24th, 2017 and reflects the state of the Law,
including draft amendments, at that date.

FEDERAL – 2017
$45,916 or less 15 %
$45,917 – $91,831 $6,887 + 20.5% on next $45,915
$91,832 – $142,353 $16,300 + 26% on next $50,522
$142,354 – $202,800 $29,436 + 29% on next $60,447
$202,801 and over $46,965 + 33% on excess
  • 15% rate used for AMT.
  • Indexation rate of 1.4% for 2017.
ONTARIO – 2017
$42,201 or less 5,05 %
$42,202 – $84,404 $2,131 + 9.15% on next $42,303
$84,405 – $150,0001 $5,993 + 11.16% on next $65,596
$150,001 – $220,0001 $13,313 +12.16% on next $70,000
$220,001 and over $21,825 +13.16% on excess
  • AMT of 33.67% of federal AMT.
  • 20% surtax on tax over $4,556 and additional 36% surtax on tax over $5,831.
  • Indexation rate of 1.6% for 2017.
TAX CREDIT FOR DIVIDENDS FROM CANADIAN CORPORATIONS  – 20172
Eligible Dividends3 Ordinary Dividends4
Federal 15,02 % 10,52 %5
Ontario6 10,00 % 4,29 %

1 The $150,000 and $220,000 brackets are not indexed annually.
2 Rates applicable to grossed-up dividends.
3 17 % gross-up, 16% in 2018 and 15% starting in 2019.
4 10,03% in 2018 and 9,03% starting in 2019.
5 Ontario surtax applies before the dividend tax credits.