Marginal Personal Income Tax Rates - Ontario - 2008 Salary & Interest Capital Gains Canadian Dividends (non-eligible) Canadian Dividends (eligible) Greater than $123,184 46.41% 23.20% 31.34% 23.96% Greater than $75,769 43.41% 21.70% 27.59% 19.61% Greater than $74,721 39.41% 19.70% 22.59% 13.81% Greater than $72,041 35.39% 17.70% 19.88% 11.64% Greater than $63,430 32.98% 16.49% 16.86% 8.14% Greater than $37,885 31.15% 15.58% 15.86% 7.52% Greater than $36,020 24.15% 12.08% 7.11% 3.12% Greater than $9,600 21.05% 10.53% 3.23% 0.00% Greater than $8,681 6.05% 3.02% 3.23% 0.00% Marginal Personal Income Tax Rates - Ontario - 2007 Salary & Interest Capital Gains Canadian Dividends (non-eligible) Canadian Dividends (eligible) Greater than $120,887 46.41% 23.20% 31.34% 24.64% Greater than $74,357 43.41% 21.70% 27.59% 20.29% Greater than $73,622 39.41% 19.70% 22.59% 14.49% Greater than $70,976 35.39% 17.70% 19.88% 12.16% Greater than $62,487 32.98% 16.49% 16.86% 8.66% Greater than $37,178 31.15% 15.58% 15.86% 7.95% Greater than $35,488 24.15% 12.08% 7.11% 3.55% Greater than $9,600 21.05% 10.53% 3.23% 0.00% Greater than $8,553 6.05% 3.02% 3.23% 0.00% Corporate Income Tax Rates General 2006 2007 2008 Federal 22.12% 22.12% 19.50% Ontario 14.00% 14.00% 14.00% Combined 36.12% 36.12% 33.50% Income eligible for small business deduction 2006 2007 2008 Federal 13.12% 13.12% 11.00% Ontario 5.50% 5.50% 5.50% Combined 18.62% 18.62% 16.50% Investment Income 2006 2007 2008 Federal 35.79% 35.79% 34.67% Ontario 14.00% 14.00% 14.00% Combined 49.79% 49.79% 48.67% Payroll Deduction Rates 2006 2007 2008 EI Rate 1.87% 1.80% 1.73% CPP Rate ($3,500/year Exemption) 4.95% 4.95% 4.95% Federal TD1 Exemption $8,839 $9,600 $9,600 Provincial TD1 Exemption $8,377 $8,553 $8,681 WSIB Max. Earnings $69,400 $71,800 $73,300 EHT Max. Exemption $400,000 $400,000 $400,000