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West Elgin Taxes

Local Property Taxes (rate per $1,000 of assessed value)

2012
Note: Properties in Ontario are not subject to personal or state/provincial taxes.

Combined Provincial and Federal Corporate Taxes

 Jan. 1 2019 July 1 2019 Jan. 1 2020 July 1 2020 
General/Manufacturing and Processing (General Corporation)25.0%25.0%25.0%25.0%
General; Active Business Income (General Corporation)26.5%26.5%26.5%26.5%
Small Business Income up to $500,000 (Canadian Controlled Private Companies)12.5%12.5%12.5%12.5%
General Active Business Income (Canadian Controlled Private Companies)26.5%26.5%26.5%26.5%
Source: home.kpmg/content/dam/kpmg/ca/pdf/2019/04/federal-and-provincial-territorial-tax-rates-for-income-earned-by-a-general-corporation.pdf
home.kpmg/content/dam/kpmg/ca/pdf/2019/04/federal-and-provincial-territorial-tax-rates-for-income-earned-by-a-ccpc.pdf

Personal Income Tax - Combined Federal and Ontario Rates - 2019 (Including Surtax)

Taxable Income (Can$) Marginal Rate Capital Gains Canadian Eligible Dividends Canadian Non
Eligible 
first $43,90620.05%10.03%-6.86%8.89%
over $43,906 up to $47,63024.15%12.08%-1.20%13.61%
over $47,630 up to $77,31329.65%14.83%6.39%19.93%
over $77,313 up to $87,81331.48%15.74%8.92%22.04%
over $87,813 up to $91,10133.89%16.95%12.24%24.81%
over $91,101 up to $95,25937.91%18.95%17.79%29.43%
over $95,259 up to $147,66743.41%21.70%25.38%35.76%
over $147,667 up to $150,00046.41%23.20%29.52%39.21%
over $150,000 up to $210,37147.97%23.98%31.67%41.00%
over $210,371 up to $220,00051.97%25.98%37.19%45.6%
Over $220,00053.53%26.76%39.34%47.4%
* Source: www.taxtips.ca/taxrates/on.htm

Sales Tax Rates

 2019 Further Info: 
Harmonized Sales Tax (Ontario)13%http://www.cra-arc.gc.ca/tx/bsnss/tpcs/gst-tps/rts-eng.html

Employee Benefit Costs

Employee Benefit Costs 2018 Mandatory by Employer Common Practice for Employers 
Canada Pension Plan (CPP) to maximum premium of $2,593.80/year4.95%4.95%
Employment Insurance Commission to employer maximum premium of $1,302.84/year1.66%1.66%
Workplace Safety and Insurance Board*Varies depending on industry see http://bit.ly/2krwoOt
Employer Health Tax (EHT) on payrolls over $450,000 0.98% to 1.95%Calculated by multiplying your Ontario payroll for the year after deducting any tax exemption by the applicable tax rate (between 0.98% to 1.95% )
Vacation4% (2 weeks)6% (3 weeks)
Paid Public Holidays9 Days (3.6%)11 Days (4.40%)
Pension ContributionN/A5-6%
Group Insurance (life, health, sickness, dental, vision, physical/mental fitness)N/A4-7%
Typical Total22.53%31.6-35.6%
* Source: taxtips.ca/cppandei/eirates.htm     cra-arc.gc.ca/tx/bsnss/tpcs/pyrll/clcltng/ei/cnt-chrt-pf-eng.html     cra-arc.gc.ca/tx/bsnss/tpcs/pyrll/clcltng/cpp-rpc/cnt-chrt-pf-eng.html     cra-arc.gc.ca/tx/bsnss/tpcs/pyrll/clcltng/ei/cnt-chrt-pf-eng.html     fin.gov.on.ca/en/tax/eht/index.html     bit.ly/2krwoOt (WSIB Premium rates table)     labour.gov.on.ca/english/es/tools/esworkbook/vacation.php     labour.gov.on.ca/english/es/pubs/guide/publicholidays.php    

West Elgin Taxes



{{logo}}Municipality of West Elgin
22413 Hoskins Line
Rodney  Ont
N0L 2C0

www.westelgin.net/node/31

 

 

Local Property Taxes (rate per $1,000 of assessed value)

2012

Note: Properties in Ontario are not subject to personal or state/provincial taxes.

 

Combined Provincial and Federal Corporate Taxes

  Jan. 1 2019  July 1 2019  Jan. 1 2020  July 1 2020 
General/Manufacturing and Processing (General Corporation) 25.0% 25.0% 25.0% 25.0%
General; Active Business Income (General Corporation) 26.5% 26.5% 26.5% 26.5%
Small Business Income up to $500,000 (Canadian Controlled Private Companies) 12.5% 12.5% 12.5% 12.5%
General Active Business Income (Canadian Controlled Private Companies) 26.5% 26.5% 26.5% 26.5%

Source: home.kpmg/content/dam/kpmg/ca/pdf/2019/04/federal-and-provincial-territorial-tax-rates-for-income-earned-by-a-general-corporation.pdf
home.kpmg/content/dam/kpmg/ca/pdf/2019/04/federal-and-provincial-territorial-tax-rates-for-income-earned-by-a-ccpc.pdf

 

Personal Income Tax - Combined Federal and Ontario Rates - 2019 (Including Surtax)

Taxable Income (Can$) Marginal Rate Capital Gains Canadian Eligible Dividends Canadian Non
Eligible
first $43,906 20.05% 10.03% -6.86% 8.89%
over $43,906 up to $47,630 24.15% 12.08% -1.20% 13.61%
over $47,630 up to $77,313 29.65% 14.83% 6.39% 19.93%
over $77,313 up to $87,813 31.48% 15.74% 8.92% 22.04%
over $87,813 up to $91,101 33.89% 16.95% 12.24% 24.81%
over $91,101 up to $95,259 37.91% 18.95% 17.79% 29.43%
over $95,259 up to $147,667 43.41% 21.70% 25.38% 35.76%
over $147,667 up to $150,000 46.41% 23.20% 29.52% 39.21%
over $150,000 up to $210,371 47.97% 23.98% 31.67% 41.00%
over $210,371 up to $220,000 51.97% 25.98% 37.19% 45.6%
Over $220,000 53.53% 26.76% 39.34% 47.4%

* Source: www.taxtips.ca/taxrates/on.htm

 

Sales Tax Rates

2019 Further Info:
Harmonized Sales Tax (Ontario) 13% http://www.cra-arc.gc.ca/tx/bsnss/tpcs/gst-tps/rts-eng.html
 

Employee Benefit Costs

Employee Benefit Costs 2018 Mandatory by Employer Common Practice for Employers
Canada Pension Plan (CPP) to maximum premium of $2,593.80/year 4.95% 4.95%
Employment Insurance Commission to employer maximum premium of $1,302.84/year 1.66% 1.66%
Workplace Safety and Insurance Board *Varies depending on industry see http://bit.ly/2krwoOt
Employer Health Tax (EHT) on payrolls over $450,000 0.98% to 1.95% Calculated by multiplying your Ontario payroll for the year after deducting any tax exemption by the applicable tax rate (between 0.98% to 1.95% )
Vacation 4% (2 weeks) 6% (3 weeks)
Paid Public Holidays 9 Days (3.6%) 11 Days (4.40%)
Pension Contribution N/A 5-6%
Group Insurance (life, health, sickness, dental, vision, physical/mental fitness) N/A 4-7%
Typical Total 22.53% 31.6-35.6%

* Source