Tax Brackets 2024 Ontario Canada Calculator

 

Tax Brackets 2024 Ontario Canada Calculator. To account for inflation, ontario’s tax brackets and personal tax credit amounts are adjusted annually based on indexation factors, like the 4.5% increase applied in 2024. Federal tax rates for 2024 range from 15% on income up to c$55,867 to 33% on income exceeding c$246,752.


Tax Brackets 2024 Ontario Canada Calculator

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,. 2024 and 2025 cwb amounts are based on 2023 amounts indexed for inflation.

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