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Personal Income Tax Tables

When reviewing your income taxes and looking for ways to reduce your annual tax bill, the first step is determining what tax bracket you currenly fit in.

 

Federal Tax Rates for 2018

15% on the first $46,605 of taxable income, +
20.5% on the next $46,603 of taxable income
(on the portion of taxable income over $46,605 up to $93,208), +
26% on the next $51,281 of taxable income
(on the portion of taxable income over $93,208 up to $144,489), +
29% on the next $61,353 of taxable income
(on the portion of taxable income over $144,489 up to $205,842), +
  33%   on the amount over $205,842.                                

Under the current tax on income method, provincial tax for all provinces (except Quebec) and territories is calculated the same way as federal tax. The rate below applies to Ontario only.
 

Ontario Tax Rates for 2018

5.05% on the first $42,960 of taxable income, +
9.15% on the next $42,963, +
11.16% on the next $64,077, +
12.16% on the next $70,000, +
13.16% on the amount over $220,000.
 
The next step is to calculate your marginal tax rate. That's the rate at which the last dollar you earned in any year was taxed. Refer to the Marginal Tax Rate page in the Related Information section to your right for more details.
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