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Income tax calculator for Ontario 2024

Calculate the total income taxes of the Ontario residents for 2024

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 2024 to december 31 2024.

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

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Annual gross income 2024 and/or Taxable Annual Income 2024

% marginal tax	Average % of tax	Payable tax	Net income

View other costs, contributions and insurance

Tax Breakdown

Federal

Marginal tax rate Canada	Taxation in Canada	Additional amount for BPA increased (already subtracted from payable taxes)

Ontario

Marginal tax rate Ontario	Taxtion in Ontario

Ontario Health premium

The health premium is paid by all individual who's taxable income is over $20 000 in 2024

Total Health premium:

Ontario Surtax

Surtax for Ontario only apply for provincial income tax portion over 5,315$ for 1st tier and 6,802$ for second tier for 2024

Ontario surtax Rate	Surtax Amount


Total surtax:

Employee (by an employer)

CPP	Employment 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 employee	Net income self-employed

Deadline for tax return

The deadline for your income tax return is April 30^th of each year. The production date can be postponed to June 15th 2024 if you or your spouse / partner run a business. However, the tax balance must be paid no later than April 30th 2024.

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 2024

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 2024

For the Provincial, Ontario

Amount type or threshold	Amount
BPA for Ontario	$ 12 399

For the federal government, Canada

The federal threshold is the same as the BPA at $ 14 156, however an additional threshold has been implemented by the federal government for 2019 and subsequent years.

Amount type or threshold	Amount
BPA for individual (marginal tax rate >=33% )	$ 14 156
BPA for individual increased (marginal tax rate <=29%)	$ 15 705

Health Premium

Here is the table of Health Premium (HP) brackets and amounts for 2024.

*The Percentage of amount (%) is based on the difference between the previous bracket maximum and the current bracket maximum plus the previous maximum of HP.

Taxable income brackets (in $)	Percentage of amount (%)*	Maximum of HP ($)
0 - 20 000	0	0
20 000.01 - 36 000	6%	300
36 000.01 - 48 000	6%	450
48 000.01 - 72 000	25%	600
72 000.01 - 200 000	25%	750
200 000.01 and more	25%	900

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 2024

Gross taxable income brackets Ontario	Marginal tax rates
12 399$ or less	0%
12 399,01$ to 51 446$	5.05%
51 446.01$ to 102 894$	9.15%
102 894.01$ to 150 000$	11.16%
150 000,01$ to 220 000$	12.16%
220 000,01$ or more	13.16%

For more information about Ontario tax rates brackets, visit Provincial and territorial tax rates for 2024.

Table of federal tax brackets and rates for 2024

Taxable Gross Tax Rates	Marginal Tax Rates
14 156$ (up to 15 705) $ or less	0%
14 156$ to 55 867$	15%
55 867,01$ to 111 733$	20.50%
111 733,01$ to 173 205$	26%
173 205,01$ to 246 752$	29%
246 752,01$ or more	33%

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

Calculators

Canada sales tax

2024

2023

2014 to 2022

2022

2021

2020

2019

2018

2017

2016

2015

2014

Coronavirus COVID-19

For employee and individuals

Canada emergency response benefit 2020

For businesses

Ontario

Insurance premium tax calculator Ontario

GST/HST remittance calculator

Carbon tax rebate

2024

2023

2020 to 2022

2022

2021

2020

United Kingdom (UK) sales tax

2024

2023

2015 to 2022

2022

2021

2020

2019

2018

2017

2016

2015

France VAT

2015-2024

Australia GST

2024

2023

Goods and services Tax 2023

2015 to 2022

Income taxes in Canada

Tax calculators

Alberta (AB)

British Columbia (BC)

Nova Scotia (NS)

Ontario

Prince Edward Island (PEI)

Québec

RRSP, TSFA annuities and insurance

CPP

RRSP

TSFA

TFSA contribution maximum for 2024 (and earlier)