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Ontario tax rates current marginal tax rates ontario personal income tax rates ontario 2021 and 2020 personal marginal income tax rates.
Income tax rate 2020 ontario. Form 428 is used to calculate this provincial or territorial tax. Provincial and territorial tax rates for 2020. Ontario 2020 tax rates. 2020 personal income tax rates ontario marginal rate taxable income federal tax.
5 05 on the first 44 740 of taxable income plus 9 15 on the next 44 742 plus 11 16 on the next 60 518 plus 12 16 on the next 70 000 plus 13 16 on the amount over 220 000. 2020 01 13 table takes into account federal basic personal amount of 13 229 and ontario basic personal amount of 10 783. Provincial or territorial specific non refundable tax credits are also calculated on form 428. The federal tax brackets and personal tax credit amounts are increased for 2021 by an indexation factor of 1 010.
Please read the article understanding the tables of personal income tax rates. Tax for all provinces except quebec and territories is calculated the same way as federal tax.
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