Marginal Tax Rates

Marginal Tax Rates

This chart should only be used for estimating the tax on certain types of income within rate brackets for Ontario residents, and not for doing detailed calculations.

Year 2023
Taxable IncomeTaxIncome Capital Gain Eligible DividendNon-eligible Dividend
$         0$         00.00%0.00%0.00%0.00%
15,001015.00%7.50%0.00%6.87%
16,23118525.10%12.55%0.00%11.61%
21,3201,46220.05%10.03%0.00%9.24%
49,2327,05824.15%12.08%0.00%13.95%
53,3608,05529.65%14.83%7.56%20.28%
86,69917,94031.48%15.74%8.92%22.38%
98,46421,64433.89%16.95%12.24%25.16%
102,13622,88837.91%18.95%17.79%29.78%
106,71824,62543.41%21.70%25.38%36.10%
150,00143,41344.97%22.48%27.53%37.90%
165,43150,35348.29%24.14%32.11%41.72%
220,00176,70549.85%24.92%34.26%43.51%
235,67684,51953.53%26.76%39.34%47.74%
Year 2022
Taxable Income TaxIncomeCapital Gain Eligible DividendNon-eligible Dividend
$         0$         00.00%0.00%0.00%0.00%
14,399015.00%7.50%0.00%6.87%
16,23127525.10%12.55%0.00%11.61%
21,3201,55220.05%10.03%0.00%9.24%
46,2276,54624.15%12.08%0.00%13.95%
50,1987,50529.65%14.83%7.56%20.28%
81,41016,75931.48%15.74%8.92%22.38%
92,45520,23633.89%16.95%12.24%25.16%
95,90821,40737.91%18.95%17.79%29.78%
100,39323,10743.41%21.70%25.38%36.10%
150,00144,64144.97%22.48%27.53%37.90%
155,62647,17148.35%24.18%32.20%41.78%
220,00178,29749.91%24.96%34.35%43.58%
221,70979,14953.53%26.76%39.34%47.74%
Year 2021
Taxable Income TaxIncomeCapital Gain Eligible DividendNon-eligible Dividend
$         0$         00.00%0.00%0.00%0.00%
13,809015.00%7.50%0.00%6.87%
15,85130625.10%12.55%0.00%11.63%
20,8221,55420.05%10.03%0.00%9.24%
45,1436,43024.15%12.08%0.00%13.95%
49,0217,36729.65%14.83%7.56%20.28%
79,50116,40431.48%15.74%8.92%22.38%
90,28819,80033.89%16.95%12.24%25.16%
93,65720,94237.91%18.95%17.79%29.78%
98,04122,60443.41%21.70%25.38%36.10%
150,00145,16044.97%22.48%27.53%37.90%
151,97946,04948.29%24.15%32.11%41.71%
216,51277,21351.97%25.98%37.19%45.95%
220,00179,02653.53%26.76%39.34%47.74%
Year 2020
Taxable Income TaxIncomeCapital Gain Eligible DividendNon-eligible Dividend
$         0$         00.00%0.00%0.00%0.00%
13,230015.00%7.50%0.00%6.87%
15,71537325.10%12.55%0.00%11.61%
20,6451,61020.05%10.03%0.00%9.24%
44,7416,44124.15%12.08%0.00%13.95%
45,8367,35829.65%14.83%7.56%20.28%
78,78716,32731.48%15.74%8.92%22.38%
89,48319,69533.89%16.95%12.24%25.16%
92,82820,82837.91%18.95%17.79%29.78%
97,07022,43643.41%21.70%25.38%36.10%
150,00145,41346.41%23.20%29.52%37.90%
150,47445,62647.97%23.98%31.67%41.60%
214,36976,41651.97%25.98%37.19%45.95%
220,00179,34353.53%26.76%39.34%47.74%
Year 2019
Taxable Income TaxIncomeCapital Gain Eligible DividendNon-eligible Dividend
$         0$         00.00%0.00%0.00%0.00%
12,070015.00%7.50%0.00%6.87%
15,41550225.10%12.55%0.00%10.92%
20,2461,71420.05%10.03%0.00%8.89%
43,9076,45824.15%12.08%0.00%13.61%
47,6317,35829.65%14.83%7.56%19.93%
77,31816,16031.48%15.74%8.92%22.04%
87,81419,46433.89%16.95%12.24%24.81%
91,09920,57837.91%18.95%17.79%29.43%
5,26022,15543.41%21.70%25.38%35.76%
147,66844,90546.41%23.20%29.52%39.21%
150,00145,98847.97%23.98%31.67%41.00%
210,37274,94751.97%25.98%37.19%45.60%
220,00179,95253.53%26.76%39.34%47.40%
Year 2021
Taxable Income Tax Income Capital Gain Eligible Dividend Non-eligible Dividend
  • $0
  • 13,809
  • 15,851
  • 20,822
  • 45,143
  • 49,021
  • 79,501
  • 90,288
  • 93,657
  • 98,041
  • 150,001
  • 151,979
  • 216,512
  • 220,001
  • $0
  • 0
  • 306
  • 1,554
  • 6,430
  • 7,367
  • 16,404
  • 19,800
  • 20,942
  • 22,604
  • 45,160
  • 46,049
  • 77,213
  • 79,026
  • 0.00%
  • 15.00%
  • 25.10%
  • 20.05%
  • 24.15%
  • 29.65%
  • 31.48%
  • 33.89%
  • 37.91%
  • 43.41%
  • 44.97%
  • 48.29%
  • 51.97%
  • 53.53%
  • 0.00%
  • 7.50%
  • 12.55%
  • 10.03%
  • 12.08%
  • 14.83%
  • 15.74%
  • 16.95%
  • 18.95%
  • 21.70%
  • 22.48%
  • 24.15%
  • 25.98%
  • 26.76%
  • 0.00%
  • 0.00%
  • 0.00%
  • 0.00%
  • 0.00%
  • 7.56%
  • 8.92%
  • 12.24%
  • 17.79%
  • 25.38%
  • 27.53%
  • 32.11%
  • 37.19%
  • 39.34%
  • 0.00%
  • 6.87%
  • 11.63%
  • 9.24%
  • 13.95%
  • 20.28%
  • 22.38%
  • 25.16%
  • 29.78%
  • 36.10%
  • 37.90%
  • 41.71%
  • 45.95%
  • 47.74%
Year 2020
Taxable Income Tax Income Capital Gain Eligible Dividend Non-eligible Dividend
  • $0
  • 13,230
  • 15,715
  • 20,645
  • 44,741
  • 45,836
  • 78,787
  • 89,483
  • 92,828
  • 97,070
  • 150,001
  • 150,474
  • 214,369
  • 220,001
  • $0
  • 0
  • 373
  • 1,610
  • 6,441
  • 7,358
  • 16,327
  • 19,695
  • 20,828
  • 22,436
  • 45,413
  • 45,626
  • 76,416
  • 79,343
  • 0.00%
  • 15.00%
  • 25.10%
  • 20.05%
  • 24.15%
  • 29.65%
  • 31.48%
  • 33.89%
  • 37.91%
  • 43.41%
  • 46.41%
  • 47.97%
  • 51.97%
  • 53.53%
  • 0.00%
  • 7.50%
  • 12.55%
  • 10.03%
  • 12.08%
  • 14.83%
  • 15.74%
  • 16.95%
  • 18.95%
  • 21.70%
  • 23.20%
  • 23.98%
  • 25.98%
  • 26.76%
  • 0.00%
  • 0.00%
  • 0.00%
  • 0.00%
  • 0.00%
  • 7.56%
  • 8.92%
  • 12.24%
  • 17.79%
  • 25.38%
  • 29.52%
  • 31.67%
  • 37.19%
  • 39.34%
  • 0.00%
  • 6.87%
  • 11.61%
  • 9.24%
  • 13.95%
  • 20.28%
  • 22.38%
  • 25.16%
  • 29.78%
  • 36.10%
  • 37.90%
  • 41.60%
  • 45.95%
  • 47.74%
Year 2019
Taxable Income Tax Income Capital Gain Eligible Dividend Non-eligible Dividend
  • $0
  • 12,070
  • 15,415
  • 20,246
  • 43,907
  • 47,631
  • 77,318
  • 87,814
  • 91,099
  • 5,260
  • 147,668
  • 150,001
  • 210,372
  • 220,001
  • $0
  • 0
  • 502
  • 1,714
  • 6,458
  • 7,358
  • 16,160
  • 19,464
  • 20,578
  • 22,155
  • 44,905
  • 45,988
  • 74,947
  • 79,952
  • 0.00%
  • 15.00%
  • 25.10%
  • 20.05%
  • 24.15%
  • 29.65%
  • 31.48%
  • 33.89%
  • 37.91%
  • 43.41%
  • 46.41%
  • 47.97%
  • 51.97%
  • 53.53%
  • 0.00%
  • 7.50%
  • 12.55%
  • 10.03%
  • 12.08%
  • 14.83%
  • 15.74%
  • 16.95%
  • 18.95%
  • 21.70%
  • 23.20%
  • 23.98%
  • 25.98%
  • 26.76%
  • 0.00%
  • 0.00%
  • 0.00%
  • 0.00%
  • 0.00%
  • 7.56%
  • 8.92%
  • 12.24%
  • 17.79%
  • 25.38%
  • 29.52%
  • 31.67%
  • 37.19%
  • 39.34%
  • 0.00%
  • 6.87%
  • 10.92%
  • 8.89%
  • 13.61%
  • 19.93%
  • 22.04%
  • 24.81%
  • 29.43%
  • 35.76%
  • 39.21%
  • 41.00%
  • 45.60%
  • 47.40%
Year 2018
Taxable Income Tax Income Capital Gain Eligible Dividend Non-eligible Dividend
  • $0
  • 11,810
  • 15,088
  • 19,820
  • 42,202
  • 46,606
  • 74,317
  • 85,924
  • 89,134
  • 93,209
  • 144,490
  • 150,001
  • 205,843
  • 220,001
  • $0
  • 0
  • 492
  • 1,680
  • 6,202
  • 7,200
  • 15,520
  • 19,045
  • 20,133
  • 21,678
  • 43,939
  • 46,496
  • 73,284
  • 80,642
  • 0.00%
  • 15.00%
  • 25.10%
  • 20.05%
  • 24.15%
  • 29.65%
  • 31.48%
  • 33.89%
  • 37.91%
  • 43.41%
  • 46.41%
  • 47.97%
  • 51.97%
  • 53.53%
  • 0.00%
  • 7.50%
  • 12.55%
  • 10.03%
  • 12.08%
  • 14.83%
  • 15.74%
  • 16.95%
  • 18.95%
  • 21.70%
  • 23.20%
  • 23.98%
  • 25.98%
  • 26.76%
  • 0.00%
  • 0.00%
  • 0.00%
  • 0.00%
  • 0.00%
  • 7.56%
  • 8.92%
  • 12.24%
  • 17.79%
  • 25.38%
  • 29.52%
  • 31.67%
  • 37.19%
  • 39.34%
  • 0.00%
  • 5.76%
  • 10.24%
  • 8.00%
  • 10.93%
  • 19.14%
  • 19.51%
  • 24.06%
  • 28.72%
  • 35.10%
  • 38.58%
  • 40.39%
  • 45.03%
  • 46.84%
Year 2017
Taxable Income Tax Income Capital Gain Eligible Dividend Non-eligible Dividend
  • $0
  • 11,636
  • 14,825
  • 15,475
  • 42,202
  • 45,917
  • 74,317
  • 84,405
  • 87,558
  • 91,832
  • 142,354
  • 150,001
  • 200,001
  • 220,001
  • $0
  • 0
  • 476
  • 1,646
  • 6,202
  • 7,100
  • 15,520
  • 18,696
  • 19,755
  • 21,385
  • 43,316
  • 46,865
  • 72,193
  • 81,132
  • 0.00%
  • 15.00%
  • 25.10%
  • 20.05%
  • 24.15%
  • 29.65%
  • 31.48%
  • 33.89%
  • 37.91%
  • 43.41%
  • 46.41%
  • 47.97%
  • 51.97%
  • 53.53%
  • 0.00%
  • 7.50%
  • 12.55%
  • 10.03%
  • 12.08%
  • 14.83%
  • 15.74%
  • 16.95%
  • 18.95%
  • 21.70%
  • 23.20%
  • 23.98%
  • 25.98%
  • 26.76%
  • 0.00%
  • 0.00%
  • 0.00%
  • 0.00%
  • 0.00%
  • 7.56%
  • 8.92%
  • 12.24%
  • 17.79%
  • 25.38%
  • 29.52%
  • 31.67%
  • 37.19%
  • 39.34%
  • 0.00%
  • 5.24%
  • 7.03%
  • 6.13%
  • 10.93%
  • 17.37%
  • 19.51%
  • 22.33%
  • 27.03%
  • 33.46%
  • 36.97%
  • 38.80%
  • 43.48%
  • 45.30%