| Ontario | |
| Combined Federal & Provincial tax rates | |
| 2020 Taxable Income | Tax Rate |
| $0 - $10,783 | 0% |
| $10,784 - $12,298 | 5.05% |
| $12,299 - $44,740 | 20.05% |
| $44,741 - $48,535 | 24.15% |
| $48,536 - $78,783 | 29.65% |
| $78,784 - $89,482 | 31.48% |
| $89,483 - $92,825 | 33.89% |
| $92,826 - $97,069 | 37.91% |
| $97,070 - $150,000 | 43.41% |
| $150,001 - $150,473 | 44.97% |
| $150,474 - $214,368 | 47.97% |
| $214,369 - $220,000 | 51.97% |
| Over $220,000 | 53.53% |
* 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 & OAS | Max | |
| Max CPP annual contribution for 2021 - 5.45%: Max EI annual contribution for 2021 - 1.58%: | $3,166.45 $889.54 | $61,600 Max Pensionable Earnings $56,300 Max Insurable Earnings |
| Max CPP monthly benefit payment for 2021: Max OAS monthly benefit payment for 2021: | $1,203.75 $615.37 |
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.
