Marginal Personal Tax Rates 2020

( 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%