2015 Ontario Tax Calculator

Calculate your 2015 Ontario income tax with this official tax calculator. This tool provides an accurate estimate of your provincial tax liability based on the 2015 tax rates and brackets. The calculator includes all relevant deductions and credits for Ontario residents.

How to Use This Calculator

Using this 2015 Ontario tax calculator is simple. Follow these steps to get your estimated tax liability:

Enter your total taxable income in the designated field.
Select your filing status (Single, Married, or Other).
Click the "Calculate" button to compute your tax.
Review the results, which will show your provincial tax amount.

The calculator uses the official 2015 Ontario tax rates and brackets. For the most accurate results, ensure you've accounted for all deductions and credits before entering your income.

Tax Calculation Formula

The 2015 Ontario tax calculation follows progressive tax brackets. The formula used is:

Formula

Provincial Tax = Sum of (Taxable Income × Tax Rate for each bracket)

The tax brackets for 2015 were as follows:

Taxable Income	Tax Rate
$0 - $42,965	5.05%
$42,966 - $85,929	9.15%
$85,930 - $150,000	11.16%
$150,001 - $220,000	12.16%
Over $220,000	13.16%

Note: This calculator does not include federal tax calculations or other deductions. For a complete tax estimate, consult a tax professional.

Worked Example

Let's calculate the provincial tax for a single taxpayer with $60,000 taxable income in 2015.

First $42,965 at 5.05%: $42,965 × 0.0505 = $2,171.99
Next $17,035 ($60,000 - $42,965) at 9.15%: $17,035 × 0.0915 = $1,550.69
Total provincial tax: $2,171.99 + $1,550.69 = $3,722.68

Using the calculator with these inputs would show $3,722.68 as the provincial tax amount.

Frequently Asked Questions

Is this calculator official?: This calculator uses official 2015 tax rates and brackets. However, it's an estimate and shouldn't replace professional tax advice.
Does this include federal taxes?: No, this calculator only calculates provincial Ontario taxes. Federal taxes would need to be calculated separately.
What about deductions and credits?: This calculator provides a basic estimate. For accurate results, consult a tax professional to account for all deductions and credits.
Are the tax rates still current?: The tax rates shown are specific to 2015. For current tax information, check the latest government publications.
Can I use this for self-employed income?: Yes, you can use this calculator for self-employed income, but ensure you've accounted for all business expenses and deductions.