Personal Income Tax Cut Now In Effect

Starting today, 93 per cent of Ontario income taxpayers will get a permanent tax cut, as part of a comprehensive tax plan that will help create 591,000 jobs and make the province more attractive for new business investment.

As of January 1, the province is cutting the first income bracket tax rate by one percentage point, from 6.05 per cent to 5.05 per cent. As a result, Ontario will have the lowest tax rate of all provinces on the first income bracket, and an additional 90,000 lower income Ontario taxpayers will no longer pay any provincial personal income tax.

Ontario's comprehensive package includes $10.6 billion in direct payments and permanent tax relief for the people of Ontario. It also includes a new, permanent Ontario Sales Tax Credit, an enhanced Ontario Property Tax Credit, cuts to corporate income tax rates and merging two sales taxes into a single harmonized sales tax to strengthen our economy.

• Contact Us
• Accessibility
• Privacy
• Help

• Full Site
• Important Notices