( combined Federal & Ontario taxes )
2023 Basic Federal Exemption - $ 15,000
Tax Brackets
$ 15,001 -
$ 49,231 20.05 %
$ 49,232 -
$ 53,359 24.15 %
$ 53,360 - $ 86,698 29.65 %
$ 86,699 -
$ 98,463 31.48 %
$ 98,464 - $ 102,135 33.89 %
$ 102,136
- $ 106,717 37.91 %
$ 106,718
- $ 150,000 43.41 %
$ 150,001
- $ 165,430 44.97 %
$ 165,431
- $ 220,000 48.29 %
$ 220,001
- $ 235,675 49.85 %
$ 235,676
& over 53.53 %