Ontario 2025 and 2024 Tax Rates & Tax Brackets

The Ontario tax brackets and personal tax credit amounts are increased for 2025 by an indexation factor of 1.028 (2.8% increase), except for the $150,000 and $220,000 bracket amounts, which are not indexed for inflation.

The Federal tax brackets and personal tax credit amounts are increased for 2025 by an indexation factor of 1.027 (2.7% increase).

See the Canada Federal Personal Tax Rates page for information on the Capital Gains Inclusion Rate Change.

See Indexation of the Personal Income Tax System for how the indexation factors are calculated.

The Federal indexation factors, tax brackets and tax rates for 2025 have been confirmed to Canada Revenue Agency information.

Tax Tip: read the article Understanding the Tables of Personal Income Tax Rates, especially if you are trying to compare the rates below to the marginal tax rates in the Basic Tax Calculator or the Detailed Tax Calculators.

TaxTips.ca - Ontario Tax Rates
2025 Taxable Income	2025 Tax Rates	2024 Taxable Income	2024 Tax Rates
first $52,886	5.05%	first $51,446	5.05%
over $52,886 up to $105,775	9.15%	over $51,446 up to $102,894	9.15%
over $105,775 up to $150,000	11.16%	over $102,894 up to $150,000	11.16%
over $150,000 up to $220,000	12.16%	over $150,000 up to $220,000	12.16%
over $220,000	13.16%	over $220,000	13.16%

TaxTips.ca - Combined Federal & Ontario Tax Brackets and Tax Rates Including Surtaxes
2025 Taxable Income (1)	ON 2025 Marginal Tax Rates					2024 Taxable Income (1)	ON 2024 Marginal Tax Rates
	Other Income	Capital Gains		Canadian Dividends			Other Income	Capital Gains		Canadian Dividends
	Other Income	First $250K	Excess Over $250K	Eligible	Non-Eligible		Other Income	All Pre- Jun 25	>$250K Post- Jun 24	Eligible	Non-Eligible
first $52,886	20.05%	10.03%	13.37%	-6.86%	9.24%	first $51,446	20.05%	10.03%	13.37%	-6.86%	9.24%
over $52,886 up to $57,375	24.15%	12.08%	16.10%	-1.20%	13.95%	over $51,446 up to $55,867	24.15%	12.08%	16.10%	-1.20%	13.95%
over $57,375 up to $93,132	29.65%	14.83%	19.77%	6.39%	20.28%	over $55,867 up to $90,599	29.65%	14.83%	19.77%	6.39%	20.28%
over $93,132 up to $105,775	31.48%	15.74%	20.99%	8.92%	22.38%	over $90,599 up to $102,894	31.48%	15.74%	20.99%	8.92%	22.38%
over $105,775 up to $109,727	33.89%	16.95%	22.59%	12.24%	25.16%	over $102,894 up to $106,732	33.89%	16.95%	22.59%	12.24%	25.16%
over $109,727 up to $114,750	37.91%	18.95%	25.27%	17.79%	29.78%	over $106,732 up to $111,733	37.91%	18.95%	25.27%	17.79%	29.78%
over $114,750 up to $150,000	43.41%	21.70%	28.94%	25.38%	36.10%	over $111,733 up to $150,000	43.41%	21.70%	28.94%	25.38%	36.10%
over $150,000 up to $177,882	44.97%	22.48%	29.98%	27.53%	37.90%	over $150,000 up to $173,205	44.97%	22.48%	29.98%	27.53%	37.90%
over $177,882 up to $220,000	48.29%	24.14%	32.19%	32.11%	41.72%	over $173,205 up to $220,000	48.29%	24.14%	32.19%	32.11%	41.72%
over $220,000 up to $253,414	49.85%	24.92%	33.23%	34.26%	43.51%	over $220,000 up to $246,752	49.85%	24.92%	33.23%	34.26%	43.51%
over $253,414	53.53%	26.76%	35.69%	39.34%	47.74%	over $246,752	53.53%	26.76%	35.69%	39.34%	47.74%
Marginal tax rate for dividends is a % of actual dividends received (not grossed-up taxable amount). Marginal tax rate for capital gains is a % of total capital gains (not taxable capital gains). Gross-up rate for eligible dividends is 38%, and for non-eligible dividends is 15%. The surtax is calculated before deducting dividend tax credits. For more information see Ontario dividend tax credits. Marginal tax rates do not include the Ontario Health Premium, which increases the above marginal tax rates by up to 25%. Copyright © 2002 Boat Harbour Investments Ltd.

TaxTips.ca Ontario Surtaxes
2025			2024
Surtax rate (included in above rates)	20%	36%	Surtax rate (included in above rates)	20%	36%
Surtax is on ON tax greater than	$5,710	$7,307	Surtax is on ON tax greater than	$5,554	$7,108
Person with only basic personal amount - surtax starts at taxable income of	$93,132	$109,727	Person with only basic personal amount - surtax starts at taxable income of	$90,599	$106,732
The 36% surtax is in addition to the 20% surtax, for a total surtax of 56%. The surtax increases the 13.16% tax rate to 20.53% (13.16% x 1.56). Surtaxes are calculated before deducting dividend tax credits.

TaxTips.ca Ontario Basic Personal Amount
2025 Personal Amount	2025 Tax Rate	2024 Personal Amount	2024 Tax Rate
$12,747	5.05%	$12,399	5.05%

Federal Basic Personal Amount
2025 Personal Amount (1) Minimum / Maximum		2025 Tax Rate	2024 Personal Amount (1) Minimum / Maximum		2024 Tax Rate
$14,538	$16,129	15%	$14,156	$15,705	15%

(1) See the federal tax rates page for information on the enhanced federal personal amount, which increases the marginal tax rates for taxable incomes in the second highest federal tax bracket. The marginal tax rates in blue above have been adjusted to reflect these changes.

Revised: November 16, 2024