CA 
England
Estonia
Turkiye
Domestic Taxation
Canadian Income Tax Clarity
-
Taxable Income Tax Rate Up to $57,375 15% $57,376–$114,750 20,50% $114,751–$177,882 26% $177,883–$253,414 29% Over $253,414 33% -
Taxable Income Tax Rate Up to $52,886 5,05% $52,887–$105,775 9,15% $105,776–$150,000 11,16% $150,001–$220,000 12,16% Over $220,000 13,16% - April 30: File and pay taxes (for most individuals).
- June 15: Filing deadline for self-employed individuals (payments still due April 30).
- Rate: 13% HST (5% federal GST + 8% Ontario PST).
- How It Works: Collect 13% on taxable sales, claim Input Tax Credits (ITCs) for HST paid on business expenses.
- Monthly/Quarterly: Payments due one month after the period ends.
- Annual: Payments due three months after the fiscal year ends.
-
Taxable Income Tax Rate ≤ $500,000 9% (Small Business Deduction) > $500,000 15% -
Taxable Income Tax Rate ≤ $500,000 3,20% > $500,000 11,50% - ≤ $500,000: 12.2% (9% federal + 3.2% Ontario).
- $500,000: 26.5% (15% federal + 11.5% Ontario).
- Filing Deadline: 6 months after the corporation’s fiscal year-end.
1 - Individual Income Tax
Canada’s income tax system combines federal and provincial rates. Below are the 2025 brackets for federal and Ontario taxes.
Federal Income Tax Rates (2025)
Ontario Provincial Income Tax Rates (2025)
Key Deadlines:
2 - Sales Tax in Ontario
Ontario combines federal GST and provincial PST into a Harmonized Sales Tax (HST). Businesses can choose between two accounting methods:
a. Regular Method
b. Quick Method
Simplified for small businesses with annual revenues ≤ $400,000:
| Annual Revenue | Effective HST Rate |
|---|---|
| ≤ $30,000 | 7,80% |
| > $30,000 | 8,80% |
Filing Deadlines:
3 - Corporation Income Tax
Corporate tax rates vary by income level and jurisdiction.
Federal Tax Rates (2025)
Ontario Provincial Tax Rates (2025)
Combined Effective Rates:
Small Business Deduction only applies for CCPC's.
