Ontario’s taxes are also similarly uncompetitive at lower levels of income. For example, an individual earning $150,000 a year faces a higher personal income tax rate in Ontario than anywhere in ...

As announced in Budget 2014, new Ontario personal income tax (PIT) rates and thresholds were passed into law on July 24, 2014 and affect all taxable income for the 2014 calendar year: a new PIT rate ...

So you’ll pay one rate of tax at the first bracket of income, and another rate of tax at the next bracket. ... Alberta has the highest BPA at $21,003, while Ontario’s BPA for 2023 is $11,865.

The general corporate income tax rate in Ontario has been 11.5 per cent since mid-2011 (down from the 14 per cent rate imposed prior to July 1, 2010).

The Ontario Liberal Party is pledging to reduce the income tax rate for middle class families and eliminate provincial sales tax on hydro bills, if they win in the 2026 election.

Ontario’s new Conservative government is scrapping changes to the province’s personal income tax (PIT) regime that were proposed in the previous government’s 2018 provincial budget. The government ...

The economic and fiscal update tabled at the Ontario legislature by Premier Doug Ford’s government proposed to reduce the province’s small-business corporate income tax rate to 3.2 per cent from 3.5 ...

Ontario's current corporate tax rate is 11.5 per cent, which is lower than every other province. ... Instead, he is promising to rebate all provincial income tax paid by minimum wage earners, ...

So, the OHP is nothing more than an income tax by another name. Back in the 2004 tax year, the OHP kicked in at $20,000 of taxable income, at a rate of 6 per cent on income above that threshold ...