Ontario Tax Brackets 2024. There are 5 ontario income tax brackets and 5 corresponding tax rates. Below are ontario’s tax brackets in 2024:
For an explanation of these rates and credits, refer to the federal and provincial personal income tax return. 2024 tax bracket rates (largest provinces) ontario.
11.16% Between $102,894 And $150,000.
Below are ontario’s tax brackets in 2024:
Tax Rates And Income Thresholds.
The ontario tax brackets and personal tax credit amounts are increased for 2024 by an indexation factor of 1.045 (4.5% increase), except for the $150,000 and $220,000 bracket amounts, which are not indexed.
This Tool Is Designed For Simplicity And Ease Of Use, Focusing Solely On Income.
Images References :
$6,750 + $2,272.50 = $9,022.50 Total.
There are 5 ontario income tax brackets and 5 corresponding tax rates.
Dividends (2) 38% Gross Up.
Below are ontario’s tax brackets in 2024:
The Federal Tax Brackets And Personal Tax Credit Amounts Are Increased For 2024 By An Indexation Factor Of 1.047 (A 4.7% Increase).