|
Provincial Changes
 |
Ontario |
| Taxable Income |
2008 |
2009 |
| Incomes under $36,848 |
6.05% |
6.05% |
| Incomes between $36,848 and $73,698 |
9.15% |
9.15% |
| Incomes above $73,698 |
11.16% |
11.16% |
|
Ontario Non-Refundable Tax Credit |
| |
2008 |
2009 |
|
Basic Personal Amount |
$8,681 |
$8,881 |
| Spousal |
$8,681 |
$8,881 |
|
Equivalent-to-Spouse |
$8,681 |
$8,881 |
| Age (65 or older by end of
taxation year) |
$4,239 |
$4,336 |
| Disability Credit |
$7,014 |
$7,175 |
| Disability
Supplement |
$4,091 |
$4,185 |
| Caregiver
credit |
$4,091 |
$4,186 |
| Infirm Dependant Credit |
$4,091 |
$4,186 |
| Pension
Credit |
$1,201 |
$1,228 |
| Tuition Credit |
Actual |
Actual |
| Education |
|
|
|
Full-time student |
$468/month |
$478/month |
|
Part-time student |
$140/month |
$143/month |
The Ontario Senior Homeowners' Property Tax Grant
The Ontario Senior Homeowners' Property Tax Grant is an annual amount provided to help offset property taxes for seniors with low and moderate incomes who own their own homes. For 2009, the maximum grant is $250. For 2010 and subsequent years, the maximum grant will be $500.
Senior homeowners will apply for the 2009 grant when they file their 2008 personal income tax returns.
Click here for more information on the Ontario Senior Homeowners' Property Tax Grant
Ontario Health Premium
Beginning July 1, 2004, the Ontario government will collect, through
the income tax system, an Ontario Health Premium that will be based
on an individual's taxable income.
|
Ontario Health Premium |
| Taxable Income |
2004 Tax Year |
2005 and Later Tax Years |
| first $20,000 |
no premium |
no premium |
| over $25,000 up to $36,000 |
$150 |
$300 |
| over $38,500 up to $48,000 |
$225 |
$450 |
| over $48,600 up to $72,000 |
$300 |
$600 |
| over $72,600 up to $200,000 |
$375 |
$750 |
| over $200,600 |
$450 |
$900 |
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|
