Ontario’s top combined marginal personal tax rate is 53.53 per cent.
ontario tax system
Ontario’s top combined provincial-federal tax rate is 53.53 per cent—the second highest in Canada and the United States.
At 53.53 per cent, Ontario has the second highest top combined marginal income tax rate in Canada and the United States.
The taxman takes $17,800 in provincial taxes from the average Ontario family every year.
Ontario's top personal income tax rate is 53.5 per cent.
The PCs promise to follow through on the Wynne government’s commitment to raise the minimum wage to $15 per hour.
In this year’s budget, the Wynne government forecasts a nearly 5 per cent increase in program spending.
The province’s top earners face a tax rate of 53.5 per cent on any additional earnings.