Ontario Income Tax Calculator 2023
Provincial tax: $0.00
Federal tax: $0.00
Surtax: $0.00
Total tax: $0.00
Average tax rate: 0.00%
After-tax income: $0.00
This is an income tax calculator for province of Ontario residents for the year 2012-2023. You may check the current tax rates in Ontario and Canadian federal tax rates listed below.
IMPORTANT: This tool helps you estimate your federal and provincial taxes based on your taxable income. Simply enter your income for the year 2023, and the calculator will automatically display your provincial tax, federal tax, surtax, total tax, average tax rate, and after-tax income. Use this to get a quick understanding of your tax obligations. Please get a professional Tax consultant for your actual tax obligations and benefits.
Ontario tax brackets and rates 2023
In 2023 tax brackets and Ontario personal basic amount were indexed by 1.065.
Basic personal amount for 2023 is $11,865.
| Taxable income | Rate |
| from $0 to $49,231 | 5.05% |
| from $49,232 to $98,463 | 9.15% |
| from $98,464 to $150,000 | 11.16% |
| from $150,001 to $220,000 | 12.16% |
| over $220,000 | 13.16% |
Ontario surtax rates 2023
Ontario surtax brackets also were indexed by 1.065 in 2023.
| Payable tax | Rate |
| greater than $5,315 up to $6,802 | 20% |
| over $6,802 | 56% (20% + 36%) |
Federal income tax rates in Canada for 2023
In 2023 Canadian federal income tax brackets and base amount were indexed by 1.063 factor. I.e. all tax brackets and base amount were increased by 6.3%.
Federal personal base amount is $15,000.
| Taxable income | Rate |
| 0 – $53,359 | 15.00% |
| $53,359 – $106,717 | $5,753.85 + 20.50% for income over $53,359 |
| $106,717 – $165,430 | $16,692.24 + 26.00% for income over $106,717 |
| $165,430 – $235,675 | $31,957.62 + 29.00% for income over $165,430 |
| over $235,675 | $52,328.67 + 33.00% for income of $235,675 and over |