Ontario Finance Minister Charles Sousa delivered the province’s 2017 budget on April 27, 2017. The province’s 2017 budget is balanced, with projected balanced budgets for 2018 and 2019.
No changes to corporate taxes were announced.
|Corporate Income Tax Rates- As of January 1, 2017|
|Ontario||Combined Federal & Ont|
|*on first $500,000 of active business income|
No changes to personal taxes were announced.
|Personal Combined Federal/Provincial Top Marginal Rates|
|Interest and regular income||53.53%|
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