( combined Federal & Ontario taxes )
2024 Basic Federal Exemption - $ 15,705
Tax Brackets
$ 15,706 -
$ 51,446 20.05 %
$ 51,447 -
$ 55,867 24.15 %
$ 55,868 - $ 90,599 29.65 %
$ 90,600 - $ 102,894 31.48 %
$ 102,895
- $ 106,732 33.89 %
$ 106,733
- $ 111,733 37.91 %
$ 111,734
- $ 150,000 43.41 %
$ 150,001
- $ 173,205 44.97 %
$ 173,206
- $ 220,000 48.29 %
$ 220,001
- $ 246,752 49.85 %
$ 246,753
& over 53.53 %