Marginal Personal Tax Rates    2021

( combined Federal & Ontario taxes )

 

 

2021 Basic Federal Exemption - $ 13,808

 

           Tax Brackets

 

$   13,809   -   $   45,142                  20.05 %

 

$   45,143   -   $   49,020                  24.15 %

 

$   49,021   -   $   79,505                  29.65 %

 

$   79,506   -   $   90,287                  31.48 %

 

$   90,288   -   $   93,655                  33.89 %

 

$   93,656   -   $   98,040                  37.91 %

 

$   98,041   -   $ 150,000                  43.41 %

 

$ 150,001   -   $ 151,978                  44.97 %

 

$ 151,979   -   $ 216,511                  48.19 %

 

$ 216,512   -   $ 220,000                  51.97 %

 

$ 220,001   &   over                  53.53%