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Tax Table 2020  – for tax filing in 2021 (Ontario Residents)


Taxable
Income
(greater than)
Federal TaxOntario TaxTotal TaxEffective
Rate
Marginal
Rate
Federal
Marginal
Rate
Ontario
Marginal
Rate
Total
$$$$%%%%
10000000001.11.1
11000011110.105.15.1
12000061610.505.15.1
1300001121120.911.65.116.6
140001161622782.015.05.120.1
150002662134793.215.05.120.1
160004162636794.215.05.120.1
170005663148805.215.05.120.1
1800071636410806.015.05.120.1
1900086641512816.715.05.120.1
20000101646514817.415.05.120.1
21000116651616828.015.05.120.1
22000131656618828.615.05.120.1
23000146661720839.115.05.120.1
24000161666722839.515.05.120.1
25000176671824849.915.05.120.1
260001916768268410.315.05.120.1
270002066819288510.715.05.120.1
280002216869308511.015.05.120.1
290002366920328611.315.05.120.1
300002516970348611.615.05.120.1
3100026661021368711.915.05.120.1
3200028161071388712.115.05.120.1
3300029661122408812.415.05.120.1
3400031161172428812.615.05.120.1
3500032661223448912.815.05.120.1
3600034161273468913.015.05.120.1
3700035661324489013.215.05.120.1
3800037161374509013.415.05.120.1
3900038661425529113.615.05.120.1
4000040161475549113.715.05.120.1
4100041661526569213.915.05.120.1
4200043161576589214.015.05.120.1
4300044661627609314.215.05.120.1
4400046161677629314.315.06.121.1
4500047661739650414.515.09.224.2
4600049161830674614.715.09.224.2
4700050661922698714.915.09.224.2
4800052162013722915.117.69.226.7
4900053912105749615.320.59.229.7
5000055962196779215.620.59.229.7
5100058012288808915.920.59.229.6
5200060062379838516.120.59.229.7
5300062112471868216.420.59.229.7
5400064162562897816.620.59.229.7
5500066212654927516.920.59.229.7
5600068262745957117.120.59.229.7
5700070312837986817.320.59.229.7
58000723629281016417.520.59.229.7
59000744130201046117.720.59.229.7
60000764631111075717.920.59.229.7
61000785132031105418.120.59.229.7
62000805632941135018.320.59.229.7
63000826133861164718.520.59.229.7
64000846634771194318.720.59.229.7
65000867135691224018.820.59.229.7
66000887636601253619.020.59.229.7
67000908137521283319.220.59.229.7
68000928638431312919.320.59.229.7
69000949139351342619.520.59.229.7
70000969640261372219.620.59.229.7
71000990141181401919.720.59.229.7
720001010642091431519.920.59.229.7
730001031143011461220.020.59.229.7
740001051643921490820.120.59.229.7
750001072144841520520.320.59.229.7
800001174649631671020.920.511.031.5
850001277155121828421.520.511.031.5
900001379660741987022.120.513.433.9
950001482168312165222.820.517.437.9
1000001600777012370923.726.017.443.4
1050001730785722587924.626.017.443.4
1100001860794422805025.526.017.443.4
11500019907103133022026.326.017.443.4
12000021207111833239127.026.017.443.4
12500022507120543456127.626.017.443.4
13000023807129243673228.326.017.443.4
13500025107137953890228.826.017.443.4
14000026407146654107229.326.017.443.4
14500027707155364324329.826.017.443.4
15000029007164064541330.327.619.046.6
15500030443173554779830.829.019.048.0
16000031893183035019631.429.019.048.0
16500033343192515259531.929.019.048.0
17000034793202005499332.329.019.048.0
17500036243211485739232.829.019.048.0
18000037693220975979033.229.019.048.0
18500039143230456218933.629.019.048.0
19000040593239946458734.029.019.048.0
19500042043249426698634.429.019.048.0
20000043493258916938434.729.019.048.0
2050004494326839717833529.019.048.0
21000046393277887418135.329.019.048.0
21500047869287367660535.633.019.052.0
22000049519296857920336.033.020.553.5
22500051169307118188036.433.020.553.5
23000052819317388455636.833.020.553.5
23500054469327648723337.133.020.553.5
24000056119337918990937.533.020.553.5
24500057769348179258637.833.020.553.5
25000059419358449526238.133.020.553.5

 

Definition of Effective Rate and Marginal Rate:

  • Effective rate is the actual percentage you pay on your taxes. Its based on the weighted average tax rate on your taxable income.
  • Marginal tax rate is the tax rate imposed on your last dollar of income. Its based on the incremental tax rate on incremental income.

 

This table does not take into account:

  • Low income tax reduction
  • ON health premium

 

Disclaimer:

The above information may include rounding differences and is intended to provide general information. It should not be used without consultation from accounting and tax professionals. Capital Business & Tax Consulting will not be held liable for any problem that may arise from the use of this information.