Marginal Tax Rates 2024 Ontario. The tax rates in ontario range from 5.05% to 13.16% of income and the combined federal and provincial tax rate is between 20.05% and 53.53%. The calculator reflects known rates as of june 1, 2024.
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. We have now calculated our effective tax rate and marginal tax rate on our annual taxable income of $ 80,000.00 in ontario for the 2024 tax year and can compare the results side by.