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Ontario Taxes

Local Property Taxes (rate per $1,000 of assessed value)

2020
Commercial/Retail Occupied:.051
Commercial/Retail Excess Land:.1
Office Building, Occupied:.12
Office Building, Excess Land:.09
Industrial Occupied:.08
Large Industrial (over 125,000 sq. ft.) Occupied:1.01
Industrial Excess Land:1.02
Area:.99
Note: Properties in Ontario are not subject to personal or state/provincial taxes.

Combined Provincial and Federal Corporate Taxes

 Jan. 1 2020 Jul. 1 2020 Jan. 1 2021 July 1 2021 
General/Manufacturing and Processing (General Corporation)25.0%25.0%25.0%25.0%
General; Active Business Income (General Corporation)26.5%26.5%26.5%26.5%
Small Business Income up to $500,000 (Canadian Controlled Private Companies)12.2%12.2%12.2%12.2%
General Active Business Income (Canadian Controlled Private Companies)26.5%26.5%26.5%26.5%
Source: home.kpmg/content/dam/kpmg/ca/pdf/2019/04/federal-and-provincial-territorial-tax-rates-for-income-earned-by-a-general-corporation.pdf
home.kpmg/content/dam/kpmg/ca/pdf/2019/04/federal-and-provincial-territorial-tax-rates-for-income-earned-by-a-ccpc.pdf

Personal Income Tax - Combined Federal and Ontario Rates - 2020 (Including Surtax)

Taxable Income (Can$) Marginal Rate Capital Gains Canadian Eligible Dividends Canadian Non
Eligible 
first $44,74020.05%10.03%-6.86%9.24%
over $44,740 up to $48,53524.15%12.08%-1.20%13.95%
over $48,535 up to $78,78329.65%14.83%6.39%20.28%
over $78,783 up to $89,48231.48%15.74%8.92%22.38%
over $89,482 up to $92,82533.89%16.95%12.24%25.16%
over $92,825 up to $97,06937.91%18.95%17.79%29.78.%
over $97,069 up to $150,00043.41%21.70%25.38%36.1%
over $150,000 up to $150,47344.97%22.48%27.53%37.9%
over $150,473 up to $214,36848.19%24.09%31.97%41.60%
over $214,368 up to $220,00051.97%25.98%37.19%45.95%
Over $220,00053.53%26.76%39.34%47.74%
* Source: www.taxtips.ca/taxrates/on.htm

Sales Tax Rates

 2020 Further Info: 
Harmonized Sales Tax (Ontario)13%http://www.cra-arc.gc.ca/tx/bsnss/tpcs/gst-tps/rts-eng.html

Employee Benefit Costs

Employee Benefit Costs 2018 Mandatory by Employer Common Practice for Employers 
Canada Pension Plan (CPP) to maximum premium of $2,593.80/year4.95%4.95%
Employment Insurance Commission to employer maximum premium of $1,302.84/year1.66%1.66%
Workplace Safety and Insurance Board*Varies depending on industry see http://bit.ly/2krwoOt
Employer Health Tax (EHT) on payrolls over $450,000 0.98% to 1.95%Calculated by multiplying your Ontario payroll for the year after deducting any tax exemption by the applicable tax rate (between 0.98% to 1.95% )
Vacation4% (2 weeks)6% (3 weeks)
Paid Public Holidays9 Days (3.6%)11 Days (4.40%)
Pension ContributionN/A5-6%
Group Insurance (life, health, sickness, dental, vision, physical/mental fitness)N/A4-7%
Typical Total22.53%31.6-35.6%
* Source: taxtips.ca/cppandei/eirates.htm     cra-arc.gc.ca/tx/bsnss/tpcs/pyrll/clcltng/ei/cnt-chrt-pf-eng.html     cra-arc.gc.ca/tx/bsnss/tpcs/pyrll/clcltng/cpp-rpc/cnt-chrt-pf-eng.html     cra-arc.gc.ca/tx/bsnss/tpcs/pyrll/clcltng/ei/cnt-chrt-pf-eng.html     fin.gov.on.ca/en/tax/eht/index.html     bit.ly/2krwoOt (WSIB Premium rates table)     labour.gov.on.ca/english/es/tools/esworkbook/vacation.php     labour.gov.on.ca/english/es/pubs/guide/publicholidays.php    

Ontario Taxes

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Local Property Taxes (rate per $1,000 of assessed value)

2020
Commercial/Retail Occupied: .051
Commercial/Retail Excess Land: .1
Office Building, Occupied: .12
Office Building, Excess Land: .09
Industrial Occupied: .08
Large Industrial (over 125,000 sq. ft.) Occupied: 1.01
Industrial Excess Land: 1.02
Area: .99

Note: Properties in Ontario are not subject to personal or state/provincial taxes.

 

Combined Provincial and Federal Corporate Taxes

  Jan. 1 2020  Jul. 1 2020  Jan. 1 2021  July 1 2021 
General/Manufacturing and Processing (General Corporation) 25.0% 25.0% 25.0% 25.0%
General; Active Business Income (General Corporation) 26.5% 26.5% 26.5% 26.5%
Small Business Income up to $500,000 (Canadian Controlled Private Companies) 12.2% 12.2% 12.2% 12.2%
General Active Business Income (Canadian Controlled Private Companies) 26.5% 26.5% 26.5% 26.5%

Note: Properties in Ontario are not subject to personal or state/provincial taxes.

Source: home.kpmg/content/dam/kpmg/ca/pdf/2019/04/federal-and-provincial-territorial-tax-rates-for-income-earned-by-a-general-corp
ion.pdf
home.kpmg/content/dam/kpmg/ca/pdf/2019/04/federal-and-provincial-territorial-tax-rates-for-income-earned-by-a-ccpc.pdf

 

Personal Income Tax - Combined Federal and Ontario Rates - 2020 (Including Surtax)

Taxable Income (Can$) Marginal Rate Capital Gains Canadian Eligible Dividends Canadian Non
Eligible
first $44,740 20.05% 10.03% -6.86% 9.24%
over $44,740 up to $48,535 24.15% 12.08% -1.20% 13.95%
over $48,535 up to $78,783 29.65% 14.83% 6.39% 20.28%
over $78,783 up to $89,482 31.48% 15.74% 8.92% 22.38%
over $89,482 up to $92,825 33.89% 16.95% 12.24% 25.16%
over $92,825 up to $97,069 37.91% 18.95% 17.79% 29.78.%
over $97,069 up to $150,000 43.41% 21.70% 25.38% 36.1%
over $150,000 up to $150,473 44.97% 22.48% 27.53% 37.9%
over $150,473 up to $214,368 48.19% 24.09% 31.97% 41.60%
over $214,368 up to $220,000 51.97% 25.98% 37.19% 45.95%
Over $220,000 53.53% 26.76% 39.34% 47.74%

Note: Properties in Ontario are not subject to personal or state/provincial taxes.

Source: home.kpmg/content/dam/kpmg/ca/pdf/2019/04/federal-and-provincial-territorial-tax-rates-for-income-earned-by-a-general-corp
ion.pdf
home.kpmg/content/dam/kpmg/ca/pdf/2019/04/federal-and-provincial-territorial-tax-rates-for-income-earned-by-a-ccpc.pdf

* Source: www.taxtips.ca/taxrates/on.htm

 

Sales Tax Rates

2020 Further Info:
Harmonized Sales Tax (Ontario) 13% http://www.cra-arc.gc.ca/tx/bsnss/tpcs/gst-tps/rts-eng.html
 

Employee Benefit Costs

Employee Benefit Costs 2018 Mandatory by Employer Common Practice for Employers
Canada Pension Plan (CPP) to maximum premium of $2,593.80/year 4.95% 4.95%
Employment Insurance Commission to employer maximum premium of $1,302.84/year 1.66% 1.66%
Workplace Safety and Insurance Board *Varies depending on industry see http://bit.ly/2krwoOt
Employer Health Tax (EHT) on payrolls over $450,000 0.98% to 1.95% Calculated by multiplying your Ontario payroll for the year after deducting any tax exemption by the applicable tax rate (between 0.98% to 1.95% )
Vacation 4% (2 weeks) 6% (3 weeks)
Paid Public Holidays 9 Days (3.6%) 11 Days (4.40%)
Pension Contribution N/A 5-6%
Group Insurance (life, health, sickness, dental, vision, physical/mental fitness) N/A 4-7%
Typical Total 22.53% 31.6-35.6%

Note: Properties in Ontario are not subject to personal or state/provincial taxes.

Source: home.kpmg/content/dam/kpmg/ca/pdf/2019/04/federal-and-provincial-territorial-tax-rates-for-income-earned-by-a-general-corp
ion.pdf
home.kpmg/content/dam/kpmg/ca/pdf/2019/04/federal-and-provincial-territorial-tax-rates-for-income-earned-by-a-ccpc.pdf

* Source: www.taxtips.ca/taxrates/on.htm
* Source : taxtips.ca/cppandei/eirates.htm cra-arc.gc.ca/tx/bsnss/tpcs/pyrll/clcltng/ei/cnt-chrt-pf-eng.html cra-ar
.ca/tx/bsnss/tpcs/pyrll/clcltng/cpp-rpc/cnt-chrt-pf-eng.html cra-arc.gc.ca/tx/bsnss/tpcs/pyrll/clcltng/ei/cnt-chrt-pf-eng.html fin.gov.on.ca/en/tax/eht/index.html bit.ly/2krwoOt (WSIB Premium rates table) labour.gov.on.ca/english/es/tools/esworkbook/vacation.php labour.gov.on.ca/english/es/pubs/guide/publicholidays.php