Personal Tax Rates
Year 2021
| Taxable Income | Tax | Marginal Tax Rate |
|---|---|---|
| Federal Rates | ||
| $0 | $0 | 15.00% |
| 49,020 | 7,353 | 20.50% |
| 98,041 | 17,402 | 26.00% |
| 151,979 | 31,426 | 29.00% |
| 216,512 | 50,141 | 33.00% |
| Ontario Personal Tax Rates | ||
| $0 | $0 | 5.05% |
| 45,142 | 2,280 | 9.15% |
| 90,288 | 6,411 | 11.16% |
| 150,001 | 13,075 | 12.16% |
| 222,001 | 21,830 | 13.16% |
| Ontario surtax | ||
| On Ontario tax over $4,830 | 20.00% | |
| Plus on Ontario tax over $6,182 | 36.00% | |
Year 2020
| Taxable Income | Tax | Marginal Tax Rate |
|---|---|---|
| Federal Rates | ||
| $0 | $0 | 15.00% |
| 48,535 | 7,280 | 20.50% |
| 97,070 | 17,230 | 26.00% |
| 150,474 | 31,115 | 29.00% |
| 214,369 | 49,645 | 33.00% |
| Ontario Personal Tax Rates | ||
| $0 | $0 | 5.05% |
| 44,740 | 2,259 | 9.15% |
| 89,483 | 6,353 | 11.16% |
| 150,001 | 13,107 | 12.16% |
| 222,001 | 21,862 | 13.16% |
| Ontario surtax | ||
| On Ontario tax over $4,830 | 20.00% | |
| Plus on Ontario tax over $6,182 | 36.00% | |
Year 2019
| Taxable Income | Tax | Marginal Tax Rate |
|---|---|---|
| Federal Rates | ||
| $0 | $0 | 15.00% |
| 47,630 | 7,145 | 20.50% |
| 95,259 | 16,908 | 26.00% |
| 147,667 | 30,535 | 29.00% |
| 210,371 | 48,719 | 33.00% |
| Ontario Personal Tax Rates | ||
| $0 | $0 | 5.05% |
| 43,906 | 2,217 | 9.15% |
| 87,814 | 6,235 | 11.16% |
| 150,000 | 13,175 | 12.16% |
| 220,000 | 21,687 | 13.16% |
| Ontario surtax | ||
| On Ontario tax over $4,740 | 20.00% | |
| Plus on Ontario tax over $6,067 | 36.00% | |
Year 2018
| Taxable Income | Tax | Marginal Tax Rate |
|---|---|---|
| Federal Rates | ||
| $0 | $0 | 15.00% |
| 46,606 | 6,991 | 20.50% |
| 93,209 | 16,544 | 26.00% |
| 144,490 | 29,877 | 29.00% |
| 205,843 | 47,670 | 33.00% |
| Ontario Personal Tax Rates | ||
| $0 | $0 | 5.05% |
| 42,961 | 2,170 | 9.15% |
| 85,924 | 6,101 | 11.16% |
| 150,000 | 13,252 | 12.16% |
| 220,000 | 21,764 | 13.16% |
| Ontario surtax | ||
| On Ontario tax over $4,638 | 20.00% | |
| Plus on Ontario tax over $5,936 | 36.00% | |
| Ontario personal tax rates (proposed by former Liberal government) | ||
| $0 | $0 | 5.05% |
| 42,961 | 2,170 | 9.15% |
| 71,501 | 4,781 | 11.00% |
| 82,001 | 5,936 | 13.50% |
| 92,001 | 7,286 | 17.50% |
| 150,000 | 17,436 | 19.00% |
| 220,000 | 30,736 | 20.53% |
| Ontario surtax | ||
| Elominated | ||
Year 2017
| Taxable Income | Tax | Marginal Tax Rate |
|---|---|---|
| Federal Rates | ||
| $0 | $0 | 15.00% |
| 45,916 | 6,887 | 22.00% |
| 91,831 | 16,300 | 26.00% |
| 142,353 | 29,436 | 29.00% |
| 202,800 | 46,965 | 33.00% |
| Ontario Personal Tax Rates | ||
| $0 | $0 | 5.05% |
| 42,201 | 2,131 | 9.15% |
| 84,404 | 5,993 | 11.16% |
| 150,000 | 13,313 | 12.16% |
| 220,000 | 21,825 | 13.16% |
| Ontario surtax | ||
| On Ontario tax over $4,556 | 20.00% | |
| Plus on Ontario tax over $5,831 | 36.00% | |