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Income tax calculator for Ontario 2021

Calculate the total income taxes of the Ontario residents for 2021

This calculator will help you get the net tax (income after tax), the percentage of tax of each government (provincial and federal) and all the contributions (CPP and EI) . The period reference is from january 1st 2021 to december 31 2021.

This calculator include the non-refundable tax credit and the surtax.

and/or
% marginal taxAverage % of taxPayable taxNet income

View other costs, contributions and insurance



Tax Breakdown

Federal

Marginal tax rate CanadaTaxation in CanadaAdditional amount for BPA increased (already subtracted from payable taxes)

Ontario

Marginal tax rate OntarioTaxtion in Ontario

Ontario Surtax

Surtax for Ontario only apply for provincial income tax portion over 4740$ for 1st tier and 6067$ for second tier for 2021

Ontario surtax RateSurtax Amount
Total surtax:

Employee (by an employer)

CPPEmployment Insurance benefits (EI)

Self-employed (individual business)

CPP (self-employed)Employment Insurance benefits (EI)

Total net income

After-tax income, annuities and insurance

Net income employeeNet income self-employed

Deadline for tax return

The deadline for your income tax return is April 30th of each year. The production date can be postponed to June 15th 2022 if you or your spouse / partner run a business. However, the tax balance must be paid no later than April 30th 2022.

Additional information about income tax in Ontario

This new calculator take into consideration the CPP, EI, RRSP for both employee and self-employed individual from Ontario, Canada.

Note that gross annual income is taken into account for the calculation of annuities, plans and insurance. You can also make a simple CPP contribution calculation and it will get you rid of all other results.

For other amounts, such as the RRSP contribution, tax credits and other deductions, changes will be made in the coming years.

Calculation of Ontario tax

The following explanation simplifies the calculation by displaying only the final result of the Net Income.

For an employee

Net Income = Taxable Income - Canadian Tax - Ontario Tax - CPP - EI

For self-employed workers

The same calculation must be made for the self-employed worker. The only difference of incomes come from the CPP. In fact, self-employed must pay more than an employee because they also have to pay the employer part.

Taxation figures for 2021

Each province in Canada has its own rates and tax brackets but have the same federal tax information except for Québec.

The tax threshold for the basic personal credit amount is the portion of the wage that is entitled to a rate of 0%. This amount is considered a non-refundable tax credit.

Table of basic personal amounts and thresholds 2021

For the Provincial, Ontario

Amount type or threshold Amount
BPA for Ontario $ 10 880

For the federal government, Canada

The federal threshold is the same as the BPA at $ 12 421, however an additional threshold has been implemented by the federal government for 2020 and subsequent years.

Amount type or threshold Amount
BPA for individual (marginal rate >=33% ) $ 12 421
BPA for individual increased (marginal rate <=29%)$ 13 808

Learn more about the lower taxes for middle class new BPA.

Taxation table

Our Ontario tax bracket table is shown exactly as we use it in our calculator with deduction of the "Basic Personal Amount" (BPA).

Table of provincial tax brackets rates in Ontario for 2021

Gross taxable income brackets Ontario Marginal tax rates
10 880$ or less0%
10 880,01$ to 45 142$5.05%
45 142.01$ to 90 287$9.15%
90 287.01$ to 150 000$11.16%
150 000,01$ to 220 000$12.16%
220 000,01$ or more13.16%

For more information about Ontario tax rates brackets, visit Provincial and territorial tax rates for 2021.

Table of federal tax brackets and rates for 2021

Taxable Gross Tax RatesMarginal Tax Rates
12 421 (up to 13 808)$ or less0%
12 421 (up to 13 808)$ to 49 020$15%
49 020,01$ to 98 040$20.50%
98 040,01$ to 151 978$26%
151 978,01$ to 216 511$29%
216 511,01$ or more33%

For more information about taxation rates in Canada, visit Indexation adjustment for personal income tax and benefit amounts.

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