A simple tax breakdown for Ontario.

The purpose of this calculator is to show the breakdown of each tax bracket based on your total income and deductions. I'm not an accountant. I'm not even good with math. Do not use this as a source of truth.

Use a program like SimpleTax to figure out your specifics, tax refund, and even submit your taxes online.

Rates come from the CRA's Canadian income tax rates for individuals page.

Employment Income

$ 0.00 ← Edit this

Stock Option Income 50% taxable

$ 0.00 ← Edit this

All Deductions RRSP, charitable donations, etc

$ 0.00 ← Edit this

Taxable income

$ 0.00 ← What the government gets its hands on

Total tax paid

$ 0.00 ← Combination of federal and provincial taxes

Federal tax breakdown

Tax rate Bracket Tax paid
15% First $45,916 $0.00
20.5% Next $45,915 ($45,917 - $91,831) $0.00
26% Next $50,522 ($91,832 - $142,353) $0.00
29% Next $60,447 ($142,354 - $202,800) $0.00
33% $202,801+ $0.00
Total $0.00

Provincial tax breakdown (Ontario rates)

Tax rate Bracket Tax paid
5.05% First $42,201 $0.00
9.15% Next $42,203 ($42,202 - $84,404) $0.00
11.16% Next $65,596 ($84,405 - $150,000) $0.00
12.16% Next $70,000 ($150,000 - $220,000) $0.00
13.16% Amount over $220,000 $0.00
Total $0.00