|
|
Property Class |
Dryden Tax Rates (%) |
Education Tax Rates (%) |
Total Tax Rates (%) |
|
Residential/farm |
1.258809 |
.252000 |
1.510809 |
|
Multi-residential |
2.467392 |
.252000 |
2.719392 |
|
Commercial (occupied) |
2.269633 |
1.611608 |
3.881241 |
|
Commercial excess lands/vacant lands |
1.588743 |
1.128126 |
2.716869 |
|
Industrial (occupied) |
2.150845 |
1.698200 |
3.849045 |
|
Industrial excess lands/vacant lands |
1.398049 |
1.477369 |
2.501879 |
|
Pipelines |
1.76057 |
1.533603 |
3.237939 |
|
Farmlands |
.314702 |
.063000 |
0.377702 |
|
Managed forests |
.314702 |
.063000 |
0.377702 |
Source: City of Dryden
|
Combined Federal and Provincial |
2009 (%) |
2010 (%) |
2011 (%) |
2012 + (%) |
|
General/Manufacturing and Processing/Investment |
33 |
32 |
30.5 |
29 |
|
General Active Business Income |
31 |
30 |
28.5 |
27 |
|
Investment Income |
48.7 |
48.7 |
48.7 |
48.7 |
|
Date |
Deduction($M) |
*M&P and Resources |
Regular Corporations |
First $400M of Taxable
Capital |
Taxable Capital above $400M |
|
Non-Deposit Taking |
Deposit Taking |
|
4-Jan-09 |
15 |
Eliminated |
0.225 |
0.45 |
0.54 |
0.675 |
|
5-Jan-10 |
15 |
0.15 |
0.3 |
0.36 |
0.45 |
|
1-Jul-10 |
--------Eliminated-------- |
|
Taxable Income |
Marginal Rate |
Capital Gains |
Eligible Dividends |
Small Business Dividends |
|
first $36,020 |
21.05% |
10.53% |
-7.13% |
3.23% |
|
over $36,020 up to $37,885 |
24.15% |
12.08% |
-2.63% |
7.11% |
|
over $37,885 up to $63,428 |
31.15% |
15.58% |
7.52% |
15.86% |
|
over $63,428 up to $72,041 |
32.98% |
16.49% |
8.14% |
16.86% |
|
over $72,041 up to $74,720 |
35.39% |
17.70% |
11.64% |
19.88% |
|
over $74,720 up to $75,769 |
39.41% |
19.70% |
13.81% |
22.59% |
|
over $75,769 up to $123,184 |
43.41% |
21.70% |
19.61% |
27.59% |
|
over $123,184 |
46.41% |
23.20% |
23.96% |
31.34% |
|
Sales Tax |
2009 |
Further Information |
|
GST (goods and services tax) |
5% |
|
|
PST (provincial sale tax or retail sales tax) |
8% |
|
|
Fringe Benefits 2009 |
Mandatory Paid by Employer |
Common Practice of Employer |
| Canada Pension Plan (CPP) max $2,049.30/year |
4.95% |
4.95% |
| Employment Insurance Commission max $995.44/year |
2.422%** |
2.422%** |
|
Workplace Safety and Insurance Board *
|
|
|
| Employer Health Tax (EHT) on payrolls over $400,000 |
1.95% |
1.95% |
| Vacation |
4% (2 Wks) |
6% (3 Wks) |
| Paid Public Holidays |
9 Days |
11 Days |
| Pension Contribution |
N/A |
5.6% |
|
Group Insurance(life, health, sickness, dental, vision, physical/mental fitness) |
N/A |
4.7% |
|
Typical Totals |
19.68% |
31.6-35.6% |
|
