Bill 26 explained in plain English
Taxation Amendment Act, 2014
Ontario legislature bill summary, status, timeline, sponsor, votes, and official sources.
At a glance
Official Legislative Assembly of Ontario snapshot for 41st Parliament, 1st Session. Representative vote breakdowns appear when the Assembly publishes an Ayes and Nays page for the bill.
Our plain-language take, written for civic education.
Source: By PoliticalData.ca
Bill 26 amends Ontario's Taxation Act, 2007 to change individual income tax rates and brackets, effective for taxation years ending after December 31, 2013, and deemed to have come into force on January 1, 2014.
Bill 26, the Taxation Amendment Act, 2014, amends the Taxation Act, 2007. It changes how Ontario calculates individual income tax by introducing two new tax rates and adjusting existing ones. This bill affects how tax brackets are defined and how certain tax amounts are adjusted annually. It also confirms the Act's short title.
- Amends the Taxation Act, 2007.
- Introduces two new tax rates: the 'second-lowest tax rate' and the 'second-highest tax rate'.
- Repeals the definition of the 'upper middle tax rate'.
- Changes the 'middle tax rate'.
- This results in five tax rates for calculating individual basic income tax.
- Specifies the income brackets to which each of the five tax rates applies.
- Changes how specified dollar amounts in three tax brackets are adjusted annually.
- Confirms the short title of the Act as the Taxation Amendment Act, 2014.
- Individual taxpayers in Ontario.
- The Government of Ontario (Ministry of Finance).
- Individuals will have their basic personal income tax calculated based on five tax rates and defined income brackets.
- Tax bracket dollar amounts will be subject to annual adjustments, with specific rules for different brackets and tax years.
- The changes to tax rates and brackets are effective for taxation years ending after December 31, 2013.
- The Act is deemed to have come into force on January 1, 2014.
- Changes to tax rates and brackets will affect the amount of basic personal income tax individuals pay.
- Annual adjustments to tax bracket dollar amounts will impact future tax calculations.
- The exact financial impact on individual taxpayers will depend on their specific income levels and how the new tax rates and brackets apply.
- The specific details of the annual adjustments to tax bracket dollar amounts are defined within the Act and would require consulting the full text for precise figures.
Introduces new tax rates, modifies existing ones, and redefines income tax brackets for individuals. It also changes how certain tax bracket amounts are adjusted yearly.
Source: Sections 1, 2, and 3
Repeals the definition of 'middle tax rate' and substitutes it with a new percentage. It also adds definitions for 'second-highest tax rate' and 'second-lowest tax rate', and repeals the definition of 'upper middle tax rate'.
Source: Section 1 (1), (2), and (3)
Re-enacts this subsection to specify the income ranges for the five different tax rates that apply to individuals.
Source: Section 2
Re-enacts this paragraph to change how tax bracket amounts are adjusted annually, specifically referencing the 'lowest tax rate' and 'second-lowest tax rate' for taxation years ending after December 31, 2014. It also adds a new paragraph 1.1 for adjustments to the 'middle tax rate' for the same period.
Source: Section 3
Generated using AI from official bill text. Not legal advice. It is written by PoliticalData.ca for civic education, automatically checked and spot-reviewed before publishing.
Official textProcess Snapshot
Vote Summary
This bill does not have a published recorded division in the current official sources, so representative-by-representative vote counts are not shown.
No published representative vote breakdown
The current official sources do not publish a recorded division breakdown for this bill, so there is no representative-by-representative table to show.
Official sources
Status, sponsor, votes, and timeline on this page are drawn from these official legislative sources and public records. Each summary above is attributed to its own source.
How this data is sourced