Ontario
Tax Rates -> 2019 and 2020 Tax Rates -> Ontario Personal Income Tax Rates
Ontario 2020 and 2019 Personal Marginal Income Tax Rates
Please read the article Understanding the Tables of Personal Income Tax Rates.
The Federal and Ontario tax brackets and personal amounts are increased for 2020 by an indexation factor of 1.019, except for the Ontario $150,000 and $220,000 bracket amounts, which are not indexed for inflation. The indexation factors, tax brackets and tax rates have been confirmed to Canada Revenue Agency information.
| Ontario Personal Income Tax Brackets and Tax Rates | |||||||||
| 2020 Taxable Income | 2020 Tax Rates | 2019 Taxable Income | 2019 Tax Rates | ||||||
| first $44,740 | 5.05% | first $43,906 | 5.05% | ||||||
| over $44,740 up to $89,482 | 9.15% | over $43,906 up to $87,813 | 9.15% | ||||||
| over $89,482 up to $150,000 | 11.16% | over $87,813 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% | ||||||
| Combined Federal & Ontario Tax Brackets and Tax Rates Including Surtaxes | |||||||||
| 2020 Taxable Income | 2020 Marginal Tax Rates | 2019 Taxable Income | 2019 Marginal Tax Rates | ||||||
| Other Income |
Capital Gains |
Canadian Dividends | Other Income |
Capital Gains |
Canadian Dividends | ||||
| Eligible | Non-Eligible | Eligible | Non-Eligible | ||||||
| first $44,740 | 20.05% | 10.03% | -6.86% | 9.24% | first $43,906 | 20.05% | 10.03% | -6.86% | 8.89% |
| over $44,740 up to $48,535 | 24.15% | 12.08% | -1.20% | 13.95% | over $43,906 up to $47,630 | 24.15% | 12.08% | -1.20% | 13.61% |
| over $48,535 up to $78,783 | 29.65% | 14.83% | 6.39% | 20.28% | over $47,630 up to $77,313 | 29.65% | 14.83% | 6.39% | 19.93% |
| over $78,783 up to $89,482 | 31.48% | 15.74% | 8.92% | 22.38% | over $77,313 up to $87,813 | 31.48% | 15.74% | 8.92% | 22.04% |
| over $89,482 up to $92,825 | 33.89% | 16.95% | 12.24% | 25.16% | over $87,813 up to $91,101 | 33.89% | 16.95% | 12.24% | 24.81% |
| over $92,825 up to $97,069 | 37.91% | 18.95% | 17.79% | 29.78% | over $91,101 up to $95,259 | 37.91% | 18.95% | 17.79% | 29.43% |
| over $97,069 up to $150,000 | 43.41% | 21.70% | 25.38% | 36.10% | over $95,259 up to $147,667 | 43.41% | 21.70% | 25.38% | 35.76% |
| over $150,000 up to $150,473 | 44.97% | 22.48% | 27.53% | 37.90% | over $147,667 up to $150,000 | 46.41% | 23.20% | 29.52% | 39.21% |
| over $150,473 up to $214,368 | 48.19% | 24.09% | 31.97% | 41.60% | over $150,000 up to $210,371 | 47.97% | 23.98% | 31.67% | 41.00% |
| over $214,368 up to $220,000 | 51.97% | 25.98% | 37.19% | 45.95% | over $210,371 up to $220,000 | 51.97% | 25.98% | 37.19% | 45.60% |
| over $220,000 | 53.53% | 26.76% | 39.34% | 47.74% | over $220,000 | 53.53% | 26.76% | 39.34% | 47.40% |
|
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 rates by up to 25%. |
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| Ontario Surtaxes | |||||
| 2020 | 2019 | ||||
| Surtax rate (included in above rates) | 20% | 36% | Surtax rate (included in above rates) | 20% | 36% |
| Surtax is on ON tax greater than | $4,830 | $6,182 | Surtax is on ON tax greater than | $4,740 | $6,067 |
| Person with only basic personal amount - surtax starts at taxable income of | $78,783 | $92,825 | Person with only basic personal amount - surtax starts at taxable income of | $77,313 | $91,101 |
| 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. |
|||||
| Ontario Basic Personal Amount | |||||||||
| 2020 Personal Amount | 2020 Tax Rate | 2019 Personal Amount | 2019 Tax Rate | ||||||
| $10,783 | 5.05% | $10,582 | 5.05% | ||||||
| Federal Basic Personal Amount | |||||||||
| 2020 Personal Amount (1) | 2020 Tax Rate | 2019 Personal Amount | 2019 Tax Rate | ||||||
| $13,229 | 15% | $12,069 | 15% | ||||||
(1) The 2020 federal personal amount is increased from $12,298 to $13,229 for taxpayers with net income of $150,473 or less. For incomes above this threshold, the additional amount of $931 is reduced until it becomes zero at net income of $214,368. The marginal tax rates above have been adjusted to reflect this change.
Copyright © 2002 Boat Harbour Investments Ltd.
Revised: October 26, 2023