2024 Ontario Income Tax Brackets & Rates
Federal and provincial tax brackets, capital gains rates, and corporate tax rates for Ontario in tax year 2024.
Canadian Federal Income Tax Brackets (2024)
| From | To | Rate |
|---|---|---|
| CA$0 | CA$55,867 | 15.00% |
| CA$55,867 | CA$111,733 | 20.50% |
| CA$111,733 | CA$173,205 | 26.00% |
| CA$173,205 | CA$246,752 | 29.00% |
| CA$246,752 | ∞ | 33.00% |
Ontario Provincial Income Tax Brackets (2024)
| From | To | Rate |
|---|---|---|
| CA$0 | CA$49,231 | 5.05% |
| CA$49,231 | CA$98,463 | 9.15% |
| CA$98,463 | CA$150,000 | 11.16% |
| CA$150,000 | CA$220,000 | 12.16% |
| CA$220,000 | ∞ | 13.16% |
Additional Information
- Federal Corporate Tax Rate
- 15.00%
- Provincial Corporate Tax Rate
- 11.50%
- Federal Basic Personal Amount
- CA$15,705