Ontario Tax Information

Ontario
Combined Federal & Provincial tax rates
2020 Taxable IncomeTax Rate
$0 - $10,7830%
$10,784 - $12,2985.05%
$12,299 - $44,74020.05%
$44,741 - $48,53524.15%
$48,536 - $78,78329.65%
$78,784 - $89,48231.48%
$89,483 - $92,82533.89%
$92,826 - $97,06937.91%
$97,070 - $150,00043.41%
$150,001 - $150,47344.97%
$150,474 - $214,36847.97%
$214,369 - $220,00051.97%
Over $220,00053.53%

* Approximates tax payable given basic federal and provincial personal credits

Ontario Basic Personal Amount 2020: $10,783

Federal Basic Personal Amount 2020: $12,298

CPP & OASMax
Max CPP annual contribution for 2020 - 5.25%:
Max EI annual contribution for 2020 - 1.58%:
$2,898
$856.36
$58,700 Max Pensionable Earnings
$54,200 Max Insurable Earnings
Max CPP monthly benefit payment for 2020:
Max OAS monthly benefit payment for 2020:
$1,175.83
$613.53

For tax rates of other provinces, click here. This is a website from Ernst & Young that has great tax calculators for all provinces.

To calculate the refund you will get from an RSP contribution, check out this nifty RSP tax calculator from Ernst & Young.