Provincial and territorial tax rates vary across Canada; however, your provincial or territorial income tax (except Quebec) is calculated in the same way as your federal income tax. Newfoundland and Labrador · Prince Edward Island · Nova Scotia · New Brunswick · Quebec · Ontario ·

Ontario · 11.50% 3.20% $500,000 · 11.50% Combined · 26.50% 12.20% 50.17% Value of estate · Fee/tax · $50,000 or less · $0 · Over $50,000 · 1.5% Canadian · Dividends · 38.33% 38.33% 1 Marginal tax rate for dividends is a % of actual dividends received (not grossed-up amount).

October 8, 2025 - This dual structure means that every dollar of taxable income falls into both a federal bracket and an Ontario bracket. When you combine these two rates, you get a marginal tax rate, which is the total percentage of tax you pay on the next dollar ...

December 4, 2025 - (I) These rates do not include the Ontario Health Premium. (II) These rates apply to the actual amount of taxable dividends received from taxable Canadian corporations. Eligible dividends are those paid by public corporations and private companies out of earnings that have been taxed at the general corporate tax rate.

tax reduction. The low-income tax reduction ($294 of Ontario tax) is clawed back for income in excess of $18,569 until the reduction is eliminated, resulting in an additional 5.05% of provincial tax on income between $18,570 and $24,391.

The tax rates in Ontario range from 5.05% to 13.16% of income and the combined federal and provincial tax rate is between 20.05% and 53.53%. Ontario’s marginal tax rate increases as your income increases so you pay higher taxes on the level of income that falls into a higher tax bracket.

Calculate your annual federal and provincial combined tax rate with our easy online tool.

- This table reflects the change in the first tax bracket rate, which will be reduced by 1 % as of July 1, 2025. - Tax rate calculations takes into account basic personal amount (BPA) Ontario: $12,747 · Federal: $16,129 (not considered in the table, the gradual reduction of the BPA up to $14,538 ...

The Ontario tax brackets and personal tax credit amounts are increased for 2026 by an indexation factor of 1.019 (1.9% increase), except for the $150,000 and $220,000 bracket amounts, which are not indexed for inflation.

February 16, 2024 - The taxable income is used to arrive ... For example, if your taxable income in Ontario is $450,000, that puts you in the top tax bracket of 53.53%. But you won’t pay 53.53% tax on all of the income earned....

February 25, 2025 - This article provides an overview of 2025 updates to combined Federal and Ontario personal income tax rates (at the higher marginal tax brackets) and corporate income tax rates, as well as the prescribed interest rate and payroll deductions. This year's updates also include revised RRSP and ...

February 24, 2023 - Combined Federal & Provincial tax rates* 2023 Taxable Income Tax Rate $0 – $15,000 0% $15,001 – $17,291 15.00% $17,292 – $22,716⁶ 25.10% $22,717 – $49,231 20.05% $49,232 – $53,359 24.15% $53,360 – $86,696 29.65% $86,697 – $98,463 31.48% $98,464 … Continue reading →

1 month ago - See Tax Table – Ontario 2025 · See Table I2 – Main Non-Refundable Tax Credits - ON 2025 · See Table I3 – Marginal Rates - ON 2025 · See Table I4 – Tax Brackets - Ontario 2024 · See all tables · 1-866-693-6717 · Contact us ·

December 15, 2025 - Bracket creep: The Ontario government is raising taxes on income earners in the top two tax brackets by failing to index these brackets to inflation.

Calculate your combined federal and provincial tax bill in each province and territory.

You’re only going to fall into the bottom tax bracket both federally and provincially, so you’re going to pay 15% tax to the federal government and 5.05% provincially. ... Total income tax on taxable income: $6,750 + $2,272.50 = $9,022.50 ...

2023 COMBINED FEDERAL AND PROVINCIAL/TERRITORIAL TAX BRACKETS · Ontario (does not include the Ontario Health Premium Tax) From: To: ($) ($) ($) (%) (%) (%) (%) 0 · 49,231 · 0 · 20.05 · 0.00 · 9.24 · 10.03 · 49,231 · 53,359 · 9,871 · 24.15 · 0.00 · 13.95 ·

Each tax bracket or section of your income is taxed at its own unique tax rate, and the tax bracket for each section of income increases for each additional amount of income you earn over the previous bracket.

The experienced advisors at Grant Thornton LLP will help you strategically navigate today’s tax · issues, plan for tomorrow, and achieve your greatest potential. Let’s create the roadmap to your goals. 2022 ON rate card: Combined federal and provincial personal income

December 12, 2025 - In addition to the normal tax computation, individuals are required to compute an adjusted taxable income and include certain 'tax preference' items that are otherwise deductible or exempt in the calculation of regular taxable income. If the adjusted taxable income exceeds the minimum tax exemption, a combined federal and provincial/territorial tax rate is applied to the excess, yielding the AMT.