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Income tax calculator
Income tax comparison by province canada.
Income Tax Calculator for 2024 and 2025
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This Page's Content Was Last Updated: April 29, 2024
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Estimate your income taxes by providing a few details about yourself and your income.
Results
Adjusted Taxable Income
$ 49,535
Ontario Health Premium
$ 600
These calculations include the following tax credits: basic personal amount, Canada employment amount, CPP/QPP, CPP2/QPP2, QPIP, EI premiums, and dividend tax credits.
You may be eligible for other tax credits based on your province and income.
Canada Federal and Ontario Tax Brackets 2024
Your taxable income places you in the following tax brackets.
| Federal tax bracket | Federal tax rates |
|---|---|
| $55,867 or less | 15% |
| $55,868 to $111,733 | 20.5% |
| $111,734 to $173,205 | 26% |
| $173,206 to $246,752 | 29% |
| More than $246,753 | 33% |
| Ontario tax bracket | Ontario tax rates |
|---|---|
| Up to $51,446 | 5.05% |
| $51,447 to $102,894 | 9.15% |
| $102,895 to $150,000 | 11.16% |
| $150,001 to $220,000 | 12.16% |
| More than $220,001 | 13.16% |
If you owe
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