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TaxTips.ca - Ontario Personal income tax brackets and tax rates for 2020 and 2021 for eligible and non-eligible dividends, capital gains, and other income.
- Ontario
The Federal and Ontario tax brackets and personal amounts...
- Ontario
Ontario Personal Income Tax Tables in 2020. The Income tax rates and personal allowances in Ontario are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Ontario Tax Calculator 2020.
Information on income tax rates in Canada including federal rates and those rates specific to provinces and territories.
This figure presents the taxable income amount ($000,000) for the selected tax bracket or all tax brackets and the selected provinces and territories for the 2020 tax year. Data filters Filter by tax bracket and by province or territory to see taxable income.
The Federal and Ontario tax brackets and personal amounts are increased for 2020 by an indexation factor of 1.019, except for the Ontario $150,000 and $220,000 bracket amounts, which are not indexed for inflation.
Ontario indexes its tax brackets and surtax thresholds using the same formula as that used federally, but uses the provincial inflation rate rather than the federal rate in the calculation. The province’s inflation factor is 1.9% for 2020.
31 lip 2020 · The tax rates include the provincial surtaxes and reflect budget proposals and news releases up to July 31, 2020. The rates do not include the Ontario Health Premium (see note 5 below).
