Ontario Income Tax Calculator

What are Ontario's 2024 income tax rates?

Ontario provincial rates: 5.05% on first $51,446; 9.15% ($51,446–$102,894); 11.16% ($102,894–$150,000); 12.16% ($150,000–$220,000); 13.16% above $220,000. Ontario also has a surtax: 20% on provincial tax above $5,315 + 36% on provincial tax above $7,307. The surtax is why Ontario's effective top rate (53.53% combined) is higher than the bracket rates suggest.

What is the Ontario surtax?

The Ontario surtax is an additional tax levied on top of basic Ontario income tax. It applies at 20% on the amount of Ontario tax above $5,315, and an additional 36% on Ontario tax above $7,307. This means high earners effectively pay more than the top 13.16% bracket — the surtax pushes the combined provincial rate on high incomes to about 20.53% before the federal layer.

How does Toronto compare to other major Canadian cities for taxes?

At $100,000: Toronto (ON) take-home ~$70,500. Vancouver (BC) ~$71,000. Calgary (AB) ~$73,500. Montreal (QC) ~$67,500. At $200,000: Calgary leads with ~$138,000 take-home vs. Toronto ~$120,000. Alberta's no-PST advantage and lower provincial rates make it the most tax-competitive major province for higher earners.

Does Ontario have any tax credits I should know about?

Key Ontario credits: Ontario Basic Personal Amount ($11,865); Ontario Sales Tax Credit (up to $324/person for lower-income families); Ontario Trillium Benefit (combines property tax, energy, and sales tax credits); Ontario Senior Homeowners' Property Tax Grant (up to $500); Ontario Children's Activity Tax Credit (eliminated at federal level but Ontario kept it briefly). RRSP, TFSA, and CPP are federal programs affecting all provinces.