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15 sty 2023 · Find the combined federal and provincial tax rates, surtaxes, and credits for Ontario residents in 2023. See the tax brackets, dividend and capital gains rates, Ontario Health Premium, and low-income tax reduction.
Ontario 2024 and 2023 Tax Rates & Tax Brackets. The Ontario tax brackets and personal tax credit amounts are increased for 2024 by an indexation factor of 1.045 (4.5% increase), except for the $150,000 and $220,000 bracket amounts, which are not indexed for inflation.
Ontario 2025 and 2024 Tax Rates & Tax Brackets. The Ontario tax brackets and personal tax credit amounts are increased for 2025 by an indexation factor of 1.028 (2.8% increase), except for the $150,000 and $220,000 bracket amounts, which are not indexed for inflation.
Ontario 2023 and 2022 Tax Rates & Tax Brackets. The Ontario tax brackets and personal tax credit amounts are increased for 2023 by an indexation factor of 1.065 (6.5% increase), except for the $150,000 and $220,000 bracket amounts, which are not indexed for inflation.
New for 2023. The personal income levels used to calculate your Ontario tax have changed. The amounts for most provincial non-refundable tax credits have changed. The Ontario seniors' home safety tax credit is no longer available for 2023 and later tax years. The Ontario jobs training tax credit is no longer available for 2023 and later tax years.
Ontario Personal Income Tax Tables in 2023. 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 2023.
There are 5 Ontario income tax brackets and 5 corresponding tax rates. For an explanation of these rates and credits, refer to the federal and provincial personal income tax return for the applicable year. To get a copy of the return (also known as a T1) contact the Canada Revenue Agency at 1-800-959-8281 or visit canada.ca/cra-forms.
