Ontario Income Tax Calculator
Ontario has a higher tax rate when compared to other provinces in Canada. You can use the calculator below to determine how much you’ve paid or may owe in income taxes to the CRA.
Ontario Income Tax Calculator
*Add “0” if there is no income already paid.
What does it mean by ‘Ontario income tax’?
Assuming you’re a resident of Ontario, the income tax you pay in Ontario is how much you owe or have paid to the CRA based on your yearly annual earnings.
The amount you may pay in income tax will be based on factors such as income status and provincial tax brackets.
In Ontario, the more you earn the more you will have to pay to the CRA depending on your tax bracket.
Below are some examples:
- 5.05% up to $51,446 of taxable income
- 9.15% between $51,446 and $102,894
- 11.16% between $102,894 and $150,000
- 12.16% between $150,000 and $220,000
- 13.16% on any taxable income exceeding $220,000
— FAQs —
Questions you may have about Ontario income tax
In Ontario, what is considered taxable?
Our team has accounting degrees, an MBA and a masters in Crypto Accounting. Combined we have over 10+ years of experience in accounting.
How many years of experience do we hold?
MyBookly Accounting has been operating for 6+ years helping a wide variety of clients including construction and contracting.
How much do you charge for accounting?
Because accounting is a service which is fully customized based on your needs, we suggest you schedule a demo with us to get a final price.
Which software do you use for accounting?
Currently we support QuickBooks, Xero, FreshBooks, and Wave. If you have another accounting software outside of these providers, reach out to us and lets see if we can help.
“We will work with you and your team to ensure your business’s finances are organized, and profitable.”
– Danny Khanna, Managing Director