Ontario Income Tax Calculator (2020 & 2021).

Best Income Tax Calculator

Estimate your 2021 total income taxes with only a few details about your income

Employment Income
Other Income All other incomes such as rental income, interest, EI, and CPP.
Capital Gains
Eligible DividendsAn qualified dividend is a taxable dividend paid by a Canadian public company, earned by a resident Canadian citizen.
Ineligible DividendsAn qualified dividend is a taxable dividend paid by a Canadian private company, earned by a resident Canadian citizen.

Results

Total Income
$ 55,000
Total Tax
$ 15,737.29
Income Tax
$ 12,506.04
EI Premiums
$ 790
CPP Contribution
$ 2,441.25
After-Tax Income
$ 42,493.96
Average Tax Rate
22.74%
Marginal Tax Rate
29.65%

Canada Federal and Ontario tax brackets 2021

Your taxable income places you in the following tax brackets.

Federal tax bracketFederal tax rates
Less than $13,229 0%
$13,230 to $48,53515%
$48,536 to $97,06920.5%
$97,070 to $150,47326%
$150,474 to $214,36829%
More than $214,369 33%
Ontario tax bracketOntario tax rates
Less than $15,714 0%
$15,715 to $20,64410.1%
$20,645 to $44,7405.05%
$44,741 to $89,4829.15%
$89,483 to $150,00011.16%
$150,001 to $220,00012.16%
More than $220,001 13.16%

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