|
Ontario Provincial Tax Rates Income Level |
2006 Tax Rate |
| 0 - $34,758 | 6.05% |
| $34,759 - $69,517 | 9.15% |
| $69,518 and greater | 11.16% |
Note: The tax rate is calculated cumulatively on each level of income.
For example, if your total income for 2006 was $75,000, your Ontario tax liability would be calculated as follows:
(6.05 % on $34,758 = $2102.85) + (9.15% on next $34,578 = $3180.35) + (11.16% on remaining $5482 = $611.79) for a total liability of $5894.99.
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