The Ontario Health Premium (OHP) is a provincial tax paid by Ontario residents to help fund the province’s healthcare system. It is an income-tested premium, meaning the amount depends on how much you earn.
How It Works
The OHP is deducted through the provincial tax system. People with lower incomes pay little or nothing, while higher earners pay more. The maximum premium is capped and increases with income levels.
Why It Matters
- Supports healthcare: Funds Ontario’s publicly funded healthcare system.
- Income-based: Ensures that higher-income individuals contribute more to healthcare funding.
Final Thoughts
The Ontario Health Premium is not a separate bill but part of provincial income taxes. Understanding how it is calculated helps residents anticipate their total tax obligations in Ontario.