This is income tax calculator for Ontario province residents for year 2012-2020. 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 10% discount for more complicated tax returns.
Here is list of free netfile software to file your tax return.
Ontario tax brackets and rates 2020
In 2020 tax brackets and Ontario personal basic amount were indexed by 1.019.
Basic personal amount for 2020 is $10,783.
| Taxable income | Rate |
|---|---|
| from $0 to $44,740 | 5.05% |
| from $44,741 to $89,482 | 9.15% |
| from $89,483 to $150,000 | 11.16% |
| from $150,001 to $220,000 | 12.16% |
| over $220,000 | 13.16% |
Ontario surtax rates 2020
Ontario surtax brackets also were indexed by 1.019 in 2020.
| Payable tax | Rate |
|---|---|
| greater than $4,830 up to $6,182 | 20% |
| over $6,182 | 56% (20% + 36%) |
Federal income tax rates in Canada for 2020
In 2020 Canadian federal income tax brackets and base amount were increased by 1.9%.
Federal personal base amount is $13,229.
| Taxable income | Rate |
|---|---|
| 0 – $48,536 | 15.00% |
| $48,536 – $97,069 | $5,295.90 + 20.50% for income over $48,536 |
| $97,069 – $150,473 | $15,245.37 + 26.00% for income over $97,069 |
| $150,473 – $214,368 | $29,130.41 + 29.00% for income over $150,473 |
| over $214,368 | $47,659.96 + 33.00% for income of $214,368 and over |
Historical Ontario tax brackets are listed here and historical federal tax brackets and rates can be found here.
Significant delays for 2019 paper tax returns
Read More
Netfile software 2020 (for tax year 2019)
Read More
CRA deferred the filing due date for the 2019 tax returns of individuals
Read More
Netfile software 2019
Read More
Provincial/Territorial Income Tax Rates and Brackets for 2019
Read More