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Home > Government
Relations > Finance
2009
Pre-Budget Recommendations
Ontario
Health Care Premiums
Ontario Health Care Premiums were introduced by the Government in the
2004 Provincial Budget, and the premiums came into effect on July 1, 2004.
The Health Care Premiums will be implemented through the Income Tax Act
and administered under the existing Tax Collection Agreement between Ontario
and the federal government.
To ensure that employers do not incur added costs to
change their payroll systems, the premium would be included on pay stubs
as a component of the income tax withheld.
| Ontario Health Premiums |
|
| Taxable Income |
Fully Implemented |
| Up to $20,000 |
$0 |
| $20,000 - $36,000 |
$300 |
| $36,000 - $48,000 |
$450 |
| $48,000 - $72,000 |
$600 |
| $72,000 - $200,000 |
$750 |
| more than $200,000 |
$900 |
Ontario Health Care Premium -
Letter to Minister of Finance December 2006 
Minister
of Finance responds to ORHMA (January 10, 2005)
Letter
to Minister of Finance (November 9, 2004)
Tax Tips for Small Businesses
Link: Ontario Ministry of Finance, Small Business Guide. This booklet
will guide you through various aspects of Retail Sales Tax, Corporations
Tax and Employer Health Tax.
www.trd.fin.gov.on.ca/userfiles/HTML/cma_3_24414_1.html
(Updated March, 2008)
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