( combined Federal & Ontario taxes )
2020 Basic Federal Exemption - $ 13,229
Tax Brackets
$
13,230 - $
44,740 20.05 %
$
44,741 - $
48,535 24.15 %
$
48,536 - $
78,783
29.65 %
$
78,784 - $
89,482 31.48 %
$
89,483 - $
92,825 33.89 %
$
92,826 - $
97,069 37.91 %
$
97,070 - $ 150,000 43.41
%
$ 150,001
- $ 150,473 44.97 %
$ 150,474
- $ 214,368 48.19 %
$ 214,368
- $ 220,000 51.97 %
$ 220,001
& over
53.53%