This is income tax calculator for Ontario province residents for year 2012-2024. Current tax rates in Ontario and federal tax rates are listed below and check.
IMPORTANT: This tax calculator is used for income tax estimation. Please use Intuit TurboTax if you want to fill your tax return and get tax rebate for previous year. It is free for simple tax returns or gives you 15% discount for more complicated tax returns.
Here is list of free netfile software to file your tax return.
Ontario tax brackets and rates 2024
In 2024 tax brackets and Ontario personal basic amount were indexed by 1.028.
Basic personal amount for 2024 is $12,399.
| Taxable income | Rate |
|---|---|
| from $0 to $51,446 | 5.05% |
| from $51,447 to $102,894 | 9.15% |
| from $102,895 to $150,000 | 11.16% |
| from $150,001 to $220,000 | 12.16% |
| over $220,000 | 13.16% |
Ontario surtax rates 2024
Ontario surtax brackets also were indexed by 1.028 in 2024.
| Payable tax | Rate |
|---|---|
| greater than $5,554 up to $7,108 | 20% |
| over $7,108 | 56% (20% + 36%) |
Federal income tax rates in Canada for 2024
In 2024 Canadian federal income tax brackets and base amount were increased by 4.7%.
Federal personal base amount is $15,705.
| Taxable income | Rate |
|---|---|
| 0 – $55,867 | 15.00% |
| $55,867 – $111,733 | $6,024.30 + 20.50% for income over $55,867 |
| $111,733 – $173,205 | $17,476.83 + 26.00% for income over $111,733 |
| $173,205 – $246,752 | $33,459.55 + 29.00% for income over $173,205 |
| over $246,752 | $54,788.18 + 33.00% for income of $246,752 and over |
Historical Ontario tax brackets are listed here and historical federal tax brackets and rates can be found here.