|
Ontario 2024
|
|||
|
Taxable Income
|
Salary
|
Non-eligible
Dividend
|
Capital Gains
|
|
$0 to $15,705
|
0%
|
0%
|
0%
|
|
15,706 to 55,866
|
21
|
10
|
11
|
|
55,867 to 111,732
|
32
|
26
|
16
|
|
111,733 to 173,204
|
43
|
36
|
22
|
|
173,205 to 246,751
|
48
|
42
|
24
|
|
over 246,752
|
54
|
48
|
27
|
Lower tax rates are not affected by moving to the next level.
| Other Limits |
2024
|
2023
|
Note
|
|
RRSP
|
32,490
|
30,780
|
18% * earned income
|
|
TFSA
|
7,000
|
6,500
|
cumulative 2024 max = $95,000
|
|
OAS Clawback
|
90,997
|
86,912
|
|
|
Capital Gains Exemption
|
1,016,836
|
971,190
|