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New Tax Brackets for 2024
15% on $55,867 or less of taxable income
20.5% (from $55,868 to $111,733)
26% (from $111,734 to $173,205)
29% (from $173,206 to $246,752)
33% on income over $246,752
Ontario Tax Brackets
5.05% on the first $51,446 of taxable income
9.15% (from $51,447 to $102,894)
11.16% (from $102,895 to $150,000)
12.16% (from $150,001 to $220,000)
13.16 % Above $220,001
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