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Gravenhurst - Taxes

Data Last Updated: 17 May, 2012

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

2010

Commercial/Retail Occupied:

01828560

Commercial/Retail Excess Land:

01279990

Industrial Occupied:

02027860

Industrial Excess Land:

01419500

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 $39,020	20.05%	10.03%	-1.89%	2.77%
over $39,020 up to $42,707	24.15%	12.08%	3.77%	7.90%
over $42,707 up to $68,719	31.15%	15.58%	13.43%	16.65%
over $68,719 up to $78,043	32.98%	16.49%	14.19%	17.81%
over $78,043 up to $80,963	35.39%	17.70%	17.52%	20.82%
over $80,963 up to $85,414	39.41%	19.70%	19.88%	23.82%
over $85,414 up to $132,406	43.41%	21.70%	25.40%	28.82%
over $132,406	46.41%	23.20%	29.54%	32.57%

	2012	Further Info:
Harmonized Sales Tax (Ontario)	13%	http://www.rev.gov.on.ca/en/taxchange/index.html

Employee Benefit Costs 2012	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 maximum premium of $1,175.96/year	2.562%	2.562%
Workplace Safety and Insurance Board * Varies (depends on industry see http://www.wsib.on.ca/en/community/WSIB/230/ArticleDetail/24338?vgnextoid=0bad811f0e9eb210VgnVCM100000469c710aRCRD&vgnextchannel=4819c654e323c210VgnVCM100000469c710aRCRD) * ranges from $0.21 to $14.16
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	22.28%	31.6-35.6%