Table I3 – Marginal Rates - ON 2024 | Raymond Chabot Grant Thornton

Tax Brackets	Other Income %	Capital Gain		Dividends¹
Tax Brackets	Other Income %	≤ $250,000 %	> $250,000 %	Eligible² %	Ordinary³ %
ONTARIO
$15,000 – $51,446	20.05	10.03	13.37	0.00	9.24
$51,447 – $55,867	24.15	12.08	16.10	0.00	13.95
$55,868 – $90,595	29.65	14.83	19.77	6.39	20.28
$90,596 – $102,894	31.48	15.74	20.99	8.92	22.38
$102,895 – $106,735	33.89	16.95	22.59	12.24	25.16
$106,736 – $111,733	37.91	18.95	25.27	17.79	29.78
$111,734 – $150,000	43.41	21.70	28.94	25.38	36.10
$150,001 – $173,205	44.97	22.48	29.98	27.53	37.90
$173,206 – $220,000	48.29	24.14	32.19	32.11	41.71
$220,001 – $246,752	49.85	24.92	33.23	34.26	43.50
$246,753 and over	53.53	26.76	35.69	39.34	47.74
ALL PROVINCES
Federal
For all provinces except Quebec	33.00	16.50	22.00	24.81	27.57
Quebec only	27.56	13.78	18.37	20.72	23.02
Provincial⁴
Alberta	48.00	24.00	32.00	34.31	42.30
British Columbia	53.50	26.75	35.67	36.54	48.89
Manitoba	50.40	25.20	34.50	37.78	46.67
New Brunswick	52.50	26.25	33.60	32.40	46.83
Newfoundland and Labrador	54.80	27.40	35.00	46.20	48.96
Northwest Territories	47.05	23.53	36.00	28.33	36.82
Nova Scotia	54.00	27.00	29.67	41.58	48.27
Nunavut	44.50	22.25	35.69	33.08	37.79
Ontario	53.53	26.76	35.54	39.34	47.74
Prince Edward Island	51.75	25.88	31.67	36.20	47.63
Quebec	53.31	26.65	36.53	40.11	48.70
Saskatchewan	47.50	23.75	31.37	29.64	41.34
Yukon	48.00	24.00	32.00	28.93	44.04

¹ Rates applicable to actual dividends received (not grossed up).

²38% gross-up.

³15% gross-up.

⁴ Combined rates, federal and provincial.

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Table I3 – Marginal Rates – ON 2024