Dryden - Taxes

Data Last Updated: 4 February, 2013

Local Property Taxes (rate per $1,000 of assessed value)

2010

Commercial/Retail Occupied:

3.787361

Commercial/Retail Excess Land:

2.651153

Industrial Occupied:

3.606256

Industrial Excess Land:

2.344066

Area:

1.548466

Note: Properties in Ontario are not subject to personal or state/provincial taxes.

	Jan 1 2012	July 1 2012	Jan 1 2013	July 1 2013
General/Manufacturing and Processing/Investment (General Corporation)	25.0%	25.0%	25.0%	25.0%
General; Active Business Income (General Corporation)	26.5%	26.5%	26.5%	26.5%
Investment Income (General Corporation)	26.5%	26.5%	26.5%	26.5%
General/Manufacturing and Processing/Investment (Canadian Controlled)	15.5%	15.5%	15.5%	15.5%
General; Active Business Income (Canadian Controlled)	26.5%	26.5%	26.5%	26.5%
Investment Income (Canadian Controlled)	46.2%	46.2%	46.2%	46.2%
Small Business Income up to $400,000 (Canadian Controlled)	15.5%	15.5%	15.5%	15.5%

Date	Deduction ($M)	M&P and Resources*	Regular Corporations	First $400 M of Taxable Capital	Taxable Capital Above $400 M Non Deposit Taking	Deposit Taking
4 Jan 09	15	0	0.225	0.45	0.54	0.675
6 Jan 10	15	0	0.15	0.3	0.36	0.45
1 Jul 10	N/A	Eliminated	Eliminated	Eliminated	Eliminated	Eliminated

* Primarily engaged in manufacturing or processing, mining, logging, farming or fishing activities in Ontario
Source: http://www.fin.gov.on.ca/en/tax/capital/

Taxable Income (Can$)	Marginal Rate	Capital Gains	Canadian Eligible Dividends	Canadian Small Business Dividends
first $39,720	20.05%	10.03%	-1.89%	2.77%
over $39,723 up to $43,561	24.15%	12.08%	3.77%	7.90%
over $43,561 up to $69,963	31.15%	15.58%	13.43%	16.65%
over $69,963 up to $79,448	32.98%	16.49%	14.19%	17.81%
over $79,448 up to $82,422	35.39%	17.70%	17.52%	20.82%
over $82,422 up to $87,123	39.41%	19.70%	19.88%	23.82%
over $87,123 up to $135,054	43.41%	21.70%	25.40%	28.82%
over $135,054 up to $509,000	46.41%	23.20%	29.54%	32.57%
Over $509,000	49.53%	24.76%	33.85%	36.47%

	2013	Further Info:
Harmonized Sales Tax (Ontario)	13%	http://www.rev.gov.on.ca/en/taxchange/index.html

Employee Benefit Costs 2013	Mandatory by Employer	Common Practice for Employers
Canada Pension Plan (CPP) to maximum premium of $2306.70/year	4.95%	4.95%
Employment Insurance Commission to employer maximum premium of $1,247.57/year	2.632%	2.632%
Workplace Safety and Insurance Board * Varies (depends on industry see http://www.wsib.on.ca/en/community/WSIB/230/ArticleDetail/24338?vgnextoid=002c768461e8a310VgnVCM100000469c710aRCRD * ranges from $0.21 to $18.31
Employer Health Tax (EHT) on payrolls over $400,000	1.95%	1.95%
Vacation	4% (2 weeks)	6% (3 weeks)
Paid Public Holidays	9 Days (3.6%)	11 Days (4.40%)
Pension Contribution	N/A	5-6%
Group Insurance (life, health, sickness, dental, vision, physical/mental fitness)	N/A	4-7%
Typical Total	22.53%	31.6-35.6%