ON – 2011 personal tax income brackets, rates and credits posted online

The Ontario Ministry of Revenue has posted the personal income tax brackets, personal tax rates, surtax rates and thresholds, and personal tax credit amounts which will apply for the 2011 tax year on its Web site at http://www.rev.gov.on.ca/en/tax/pit/rates.html.

For 2011, all personal non-refundable credit amounts are to be converted to credits which reduce provincial tax otherwise payable by multiplying the credit amount by 5.05%.



Leave a Reply

Your email address will not be published. Required fields are marked *