Marginal Tax Rates

This chart should only be used for estimating the tax on certain types of income within rate brackets for Ontario residents, and not for doing detailed calculations.

Year 2023

Taxable Income	Tax	Income	Capital Gain	Eligible Dividend	Non-eligible Dividend
$ 0	$ 0	0.00%	0.00%	0.00%	0.00%
15,001	0	15.00%	7.50%	0.00%	6.87%
16,231	185	25.10%	12.55%	0.00%	11.61%
21,320	1,462	20.05%	10.03%	0.00%	9.24%
49,232	7,058	24.15%	12.08%	0.00%	13.95%
53,360	8,055	29.65%	14.83%	7.56%	20.28%
86,699	17,940	31.48%	15.74%	8.92%	22.38%
98,464	21,644	33.89%	16.95%	12.24%	25.16%
102,136	22,888	37.91%	18.95%	17.79%	29.78%
106,718	24,625	43.41%	21.70%	25.38%	36.10%
150,001	43,413	44.97%	22.48%	27.53%	37.90%
165,431	50,353	48.29%	24.14%	32.11%	41.72%
220,001	76,705	49.85%	24.92%	34.26%	43.51%
235,676	84,519	53.53%	26.76%	39.34%	47.74%

Year 2022

Taxable Income	Tax	Income	Capital Gain	Eligible Dividend	Non-eligible Dividend
$ 0	$ 0	0.00%	0.00%	0.00%	0.00%
14,399	0	15.00%	7.50%	0.00%	6.87%
16,231	275	25.10%	12.55%	0.00%	11.61%
21,320	1,552	20.05%	10.03%	0.00%	9.24%
46,227	6,546	24.15%	12.08%	0.00%	13.95%
50,198	7,505	29.65%	14.83%	7.56%	20.28%
81,410	16,759	31.48%	15.74%	8.92%	22.38%
92,455	20,236	33.89%	16.95%	12.24%	25.16%
95,908	21,407	37.91%	18.95%	17.79%	29.78%
100,393	23,107	43.41%	21.70%	25.38%	36.10%
150,001	44,641	44.97%	22.48%	27.53%	37.90%
155,626	47,171	48.35%	24.18%	32.20%	41.78%
220,001	78,297	49.91%	24.96%	34.35%	43.58%
221,709	79,149	53.53%	26.76%	39.34%	47.74%

Year 2021

Taxable Income	Tax	Income	Capital Gain	Eligible Dividend	Non-eligible Dividend
$ 0	$ 0	0.00%	0.00%	0.00%	0.00%
13,809	0	15.00%	7.50%	0.00%	6.87%
15,851	306	25.10%	12.55%	0.00%	11.63%
20,822	1,554	20.05%	10.03%	0.00%	9.24%
45,143	6,430	24.15%	12.08%	0.00%	13.95%
49,021	7,367	29.65%	14.83%	7.56%	20.28%
79,501	16,404	31.48%	15.74%	8.92%	22.38%
90,288	19,800	33.89%	16.95%	12.24%	25.16%
93,657	20,942	37.91%	18.95%	17.79%	29.78%
98,041	22,604	43.41%	21.70%	25.38%	36.10%
150,001	45,160	44.97%	22.48%	27.53%	37.90%
151,979	46,049	48.29%	24.15%	32.11%	41.71%
216,512	77,213	51.97%	25.98%	37.19%	45.95%
220,001	79,026	53.53%	26.76%	39.34%	47.74%

Year 2020

Taxable Income	Tax	Income	Capital Gain	Eligible Dividend	Non-eligible Dividend
$ 0	$ 0	0.00%	0.00%	0.00%	0.00%
13,230	0	15.00%	7.50%	0.00%	6.87%
15,715	373	25.10%	12.55%	0.00%	11.61%
20,645	1,610	20.05%	10.03%	0.00%	9.24%
44,741	6,441	24.15%	12.08%	0.00%	13.95%
45,836	7,358	29.65%	14.83%	7.56%	20.28%
78,787	16,327	31.48%	15.74%	8.92%	22.38%
89,483	19,695	33.89%	16.95%	12.24%	25.16%
92,828	20,828	37.91%	18.95%	17.79%	29.78%
97,070	22,436	43.41%	21.70%	25.38%	36.10%
150,001	45,413	46.41%	23.20%	29.52%	37.90%
150,474	45,626	47.97%	23.98%	31.67%	41.60%
214,369	76,416	51.97%	25.98%	37.19%	45.95%
220,001	79,343	53.53%	26.76%	39.34%	47.74%

Year 2019

Taxable Income	Tax	Income	Capital Gain	Eligible Dividend	Non-eligible Dividend
$ 0	$ 0	0.00%	0.00%	0.00%	0.00%
12,070	0	15.00%	7.50%	0.00%	6.87%
15,415	502	25.10%	12.55%	0.00%	10.92%
20,246	1,714	20.05%	10.03%	0.00%	8.89%
43,907	6,458	24.15%	12.08%	0.00%	13.61%
47,631	7,358	29.65%	14.83%	7.56%	19.93%
77,318	16,160	31.48%	15.74%	8.92%	22.04%
87,814	19,464	33.89%	16.95%	12.24%	24.81%
91,099	20,578	37.91%	18.95%	17.79%	29.43%
5,260	22,155	43.41%	21.70%	25.38%	35.76%
147,668	44,905	46.41%	23.20%	29.52%	39.21%
150,001	45,988	47.97%	23.98%	31.67%	41.00%
210,372	74,947	51.97%	25.98%	37.19%	45.60%
220,001	79,952	53.53%	26.76%	39.34%	47.40%

Year 2021

Taxable Income	Tax	Income	Capital Gain	Eligible Dividend	Non-eligible Dividend
$0 13,809 15,851 20,822 45,143 49,021 79,501 90,288 93,657 98,041 150,001 151,979 216,512 220,001	$0 0 306 1,554 6,430 7,367 16,404 19,800 20,942 22,604 45,160 46,049 77,213 79,026	0.00% 15.00% 25.10% 20.05% 24.15% 29.65% 31.48% 33.89% 37.91% 43.41% 44.97% 48.29% 51.97% 53.53%	0.00% 7.50% 12.55% 10.03% 12.08% 14.83% 15.74% 16.95% 18.95% 21.70% 22.48% 24.15% 25.98% 26.76%	0.00% 0.00% 0.00% 0.00% 0.00% 7.56% 8.92% 12.24% 17.79% 25.38% 27.53% 32.11% 37.19% 39.34%	0.00% 6.87% 11.63% 9.24% 13.95% 20.28% 22.38% 25.16% 29.78% 36.10% 37.90% 41.71% 45.95% 47.74%

Year 2020

Taxable Income	Tax	Income	Capital Gain	Eligible Dividend	Non-eligible Dividend
$0 13,230 15,715 20,645 44,741 45,836 78,787 89,483 92,828 97,070 150,001 150,474 214,369 220,001	$0 0 373 1,610 6,441 7,358 16,327 19,695 20,828 22,436 45,413 45,626 76,416 79,343	0.00% 15.00% 25.10% 20.05% 24.15% 29.65% 31.48% 33.89% 37.91% 43.41% 46.41% 47.97% 51.97% 53.53%	0.00% 7.50% 12.55% 10.03% 12.08% 14.83% 15.74% 16.95% 18.95% 21.70% 23.20% 23.98% 25.98% 26.76%	0.00% 0.00% 0.00% 0.00% 0.00% 7.56% 8.92% 12.24% 17.79% 25.38% 29.52% 31.67% 37.19% 39.34%	0.00% 6.87% 11.61% 9.24% 13.95% 20.28% 22.38% 25.16% 29.78% 36.10% 37.90% 41.60% 45.95% 47.74%

Year 2019

Taxable Income	Tax	Income	Capital Gain	Eligible Dividend	Non-eligible Dividend
$0 12,070 15,415 20,246 43,907 47,631 77,318 87,814 91,099 5,260 147,668 150,001 210,372 220,001	$0 0 502 1,714 6,458 7,358 16,160 19,464 20,578 22,155 44,905 45,988 74,947 79,952	0.00% 15.00% 25.10% 20.05% 24.15% 29.65% 31.48% 33.89% 37.91% 43.41% 46.41% 47.97% 51.97% 53.53%	0.00% 7.50% 12.55% 10.03% 12.08% 14.83% 15.74% 16.95% 18.95% 21.70% 23.20% 23.98% 25.98% 26.76%	0.00% 0.00% 0.00% 0.00% 0.00% 7.56% 8.92% 12.24% 17.79% 25.38% 29.52% 31.67% 37.19% 39.34%	0.00% 6.87% 10.92% 8.89% 13.61% 19.93% 22.04% 24.81% 29.43% 35.76% 39.21% 41.00% 45.60% 47.40%

Year 2018

Taxable Income	Tax	Income	Capital Gain	Eligible Dividend	Non-eligible Dividend
$0 11,810 15,088 19,820 42,202 46,606 74,317 85,924 89,134 93,209 144,490 150,001 205,843 220,001	$0 0 492 1,680 6,202 7,200 15,520 19,045 20,133 21,678 43,939 46,496 73,284 80,642	0.00% 15.00% 25.10% 20.05% 24.15% 29.65% 31.48% 33.89% 37.91% 43.41% 46.41% 47.97% 51.97% 53.53%	0.00% 7.50% 12.55% 10.03% 12.08% 14.83% 15.74% 16.95% 18.95% 21.70% 23.20% 23.98% 25.98% 26.76%	0.00% 0.00% 0.00% 0.00% 0.00% 7.56% 8.92% 12.24% 17.79% 25.38% 29.52% 31.67% 37.19% 39.34%	0.00% 5.76% 10.24% 8.00% 10.93% 19.14% 19.51% 24.06% 28.72% 35.10% 38.58% 40.39% 45.03% 46.84%

Year 2017

Taxable Income	Tax	Income	Capital Gain	Eligible Dividend	Non-eligible Dividend
$0 11,636 14,825 15,475 42,202 45,917 74,317 84,405 87,558 91,832 142,354 150,001 200,001 220,001	$0 0 476 1,646 6,202 7,100 15,520 18,696 19,755 21,385 43,316 46,865 72,193 81,132	0.00% 15.00% 25.10% 20.05% 24.15% 29.65% 31.48% 33.89% 37.91% 43.41% 46.41% 47.97% 51.97% 53.53%	0.00% 7.50% 12.55% 10.03% 12.08% 14.83% 15.74% 16.95% 18.95% 21.70% 23.20% 23.98% 25.98% 26.76%	0.00% 0.00% 0.00% 0.00% 0.00% 7.56% 8.92% 12.24% 17.79% 25.38% 29.52% 31.67% 37.19% 39.34%	0.00% 5.24% 7.03% 6.13% 10.93% 17.37% 19.51% 22.33% 27.03% 33.46% 36.97% 38.80% 43.48% 45.30%

Marginal Tax Rates

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