Ontario and Federal Tax Rates, 2007 *Taxable
Income
($Cdn)Tax
Payable
($Cdn)After-Tax
Income
($Cdn)Average
Tax RateMarginal Tax RateMarginal Rate on Capital GainsMarginal Rate on Eligible DividendsMarginal Rate on Ineligible Dividends$25,000 $3,486 $21,514 13.94% 21.55% 10.78% 0.00% 3.86%$45,000 $8,599 $36,401 19.11% 31.15% 15.58% 7.95% 15.86%$65,000 $14,875 $50,125 22.89% 32.98% 16.49% 8.66% 16.86%$85,000 $22,692 $62,308 26.70% 43.41% 21.71% 20.29% 27.59%$105,000 $31,374 $73,626 29.88% 43.41% 21.71% 20.29% 27.59%$125,000 $40,179 $84,821 32.14% 46.41% 23.21% 24.64% 31.34%