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2- Ontario

Tax Table – Ontario 2024

TAX TABLE
Taxable Income $ Tax Effective Rate % Marginal Rate
Federal $ Ontario $ Total $ Federal % Ontario % Total %
10,000 – – – 0.00 0.00 0.00 0.00
11,000 – – – 0.00 0.00 0.00 0.00
12,000 – – – 0.00 0.00 3.04 3.04
13,000 – 30 30 0.23 0.00 5.05 5.05
14,000 – 81 81 0.58 0.00 5.05 5.05
15,000 – 131 131 0.88 4.43 5.05 9.48
16,000 44 182 226 1.41 15.00 5.05 20.05
17,000 194 232 427 2.51 15.00 5.05 20.05
18,000 344 283 627 3.48 15.00 5.05 20.05
19,000 494 333 828 4.36 15.00 5.05 20.05
20,000 644 384 1,028 5.14 15.00 5.05 20.05
21,000 794 434 1,229 5.85 15.00 5.05 20.05
22,000 944 485 1,429 6.50 15.00 5.05 20.05
23,000 1,094 535 1,630 7.09 15.00 5.05 20.05
24,000 1,244 586 1,830 7.63 15.00 5.05 20.05
25,000 1,394 636 2,031 8.12 15.00 5.05 20.05
26,000 1,544 687 2,231 8.58 15.00 5.05 20.05
27,000 1,694 737 2,432 9.01 15.00 5.05 20.05
28,000 1,844 788 2,632 9.40 15.00 5.05 20.05
29,000 1,994 838 2,833 9.77 15.00 5.05 20.05
30,000 2,144 889 3,033 10.11 15.00 5.05 20.05
31,000 2,294 939 3,234 10.43 15.00 5.05 20.05
32,000 2,444 990 3,434 10.73 15.00 5.05 20.05
33,000 2,594 1,040 3,635 11.01 15.00 5.05 20.05
34,000 2,744 1,091 3,835 11.28 15.00 5.05 20.05
35,000 2,894 1,141 4,036 11.53 15.00 5.05 20.05
36,000 3,044 1,192 4,236 11.77 15.00 5.05 20.05
37,000 3,194 1,242 4,437 11.99 15.00 5.05 20.05
38,000 3,344 1,293 4,637 12.20 15.00 5.05 20.05
39,000 3,494 1,343 4,838 12.40 15.00 5.05 20.05
40,000 3,644 1,394 5,038 12.60 15.00 5.05 20.05
41,000 3,794 1,444 5,239 12.78 15.00 5.05 20.05
42,000 3,944 1,495 5,439 12.95 15.00 5.05 20.05
43,000 4,094 1,545 5,640 13.12 15.00 5.05 20.05
44,000 4,244 1,596 5,840 13.27 15.00 5.05 20.05
45,000 4,394 1,646 6,041 13.42 15.00 5.05 20.05
46,000 4,544 1,697 6,241 13.57 15.00 5.05 20.05
47,000 4,694 1,747 6,442 13.71 15.00 5.05 20.05
48,000 4,844 1,798 6,642 13.84 15.00 5.05 20.05
49,000 4,994 1,848 6,843 13.96 15.00 5.05 20.05
50,000 5,144 1,899 7,043 14.09 15.00 5.05 20.05
51,000 5,294 1,949 7,244 14.20 15.00 7.32 22.32
52,000 5,444 2,023 7,467 14.36 15.00 9.15 24.15
53,000 5,594 2,114 7,708 14.54 15.00 9.15 24.15
54,000 5,744 2,206 7,950 14.72 15.00 9.15 24.15
55,000 5,894 2,297 8,191 14.89 15.73 9.15 24.88
56,000 6,052 2,389 8,440 15.07 20.50 9.15 29.65
57,000 6,257 2,480 8,737 15.33 20.50 9.15 29.65
58,000 6,462 2,572 9,033 15.57 20.50 9.15 29.65
59,000 6,667 2,663 9,330 15.81 20.50 9.15 29.65
60,000 6,872 2,755 9,626 16.04 20.50 9.15 29.65
61,000 7,077 2,846 9,923 16.27 20.50 9.15 29.65
62,000 7,282 2,938 10,219 16.48 20.50 9.15 29.65
63,000 7,487 3,029 10,516 16.69 20.50 9.15 29.65
64,000 7,692 3,121 10,812 16.89 20.50 9.15 29.65
65,000 7,897 3,212 11,109 17.09 20.50 9.15 29.65
66,000 8,102 3,304 11,405 17.28 20.50 9.15 29.65
67,000 8,307 3,395 11,702 17.47 20.50 9.15 29.65
68,000 8,512 3,487 11,998 17.64 20.50 9.15 29.65
69,000 8,717 3,578 12,295 17.82 20.50 9.15 29.65
70,000 8,922 3,670 12,591 17.99 20.50 9.15 29.65
71,000 9,127 3,761 12,888 18.15 20.50 9.15 29.65
72,000 9,332 3,853 13,184 18.31 20.50 9.15 29.65
73,000 9,537 3,944 13,481 18.47 20.50 9.15 29.65
74,000 9,742 4,036 13,777 18.62 20.50 9.15 29.65
75,000 9,947 4,127 14,074 18.76 20.50 9.15 29.65
80,000 10,972 4,585 15,556 19.45 20.50 9.15 29.65
85,000 11,997 5,042 17,039 20.05 20.50 9.15 29.65
90,000 13,022 5,500 18,521 20.58 20.50 10.76 31.26
95,000 14,047 6,038 20,084 21.14 20.50 10.98 31.48
100,000 15,072 6,587 21,658 21.66 20.50 12.00 32.50
105,000 16,097 7,186 23,283 22.17 20.50 17.41 37.91
110,000 17,122 7,987 25,109 22.83 24.09 16.02 40.11
115,000 18,326 8,858 27,184 23.64 26.00 17.41 43.41
120,000 19,626 9,728 29,354 24.46 26.00 17.41 43.41
125,000 20,926 10,599 31,525 25.22 26.00 17.41 43.41
130,000 22,226 11,469 33,695 25.92 26.00 17.41 43.41
140,000 24,826 13,210 38,036 27.17 26.00 17.41 43.41
150,000 27,426 14,951 42,377 28.25 26.00 18.97 44.97
160,000 30,026 16,848 46,874 29.30 26.00 18.97 44.97
170,000 32,626 18,745 51,371 30.22 28.96 18.97 47.93
180,000 35,452 20,642 56,094 31.16 29.32 18.97 48.29
190,000 38,383 22,539 60,922 32.06 29.32 18.97 48.29
200,000 41,315 24,436 65,751 32.88 29.56 19.91 48.47
250,000 56,092 34,389 90,481 36.19 33.00 20.53 53.53
300,000 72,592 44,653 117,246 39.08 33.00 20.53 53.53
350,000 89,092 54,918 144,011 41.15 33.00 20.53 53.53
400,000 105,592 65,183 170,775 42.69 33.00 20.53 53.53

Marginal rate applies on each dollar of additional income.

Federal

  1. Basic personal credit of $2,356 (gradually reduced when income is greater than $173,206, up to a minimum credit of $2,123).
  2. Indexation rate of 4.7%.

Ontario

  1. This table does not take into account the low-income tax reduction.
  2. Basic personal credit of $626.
  3. Indexation rate of 4.5%.

2- Ontario

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