2020 Ontario Tax Return Calculator

Use this 2020 Ontario tax return calculator to estimate your provincial taxes. The calculator follows the 2020 tax rates and brackets for Ontario residents. For an exact calculation, consult a tax professional or use official government tax software.

How to Use This Calculator

To calculate your 2020 Ontario provincial taxes:

Enter your total taxable income for the year.
Select your filing status (Single, Married, or Other).
Click "Calculate" to see your estimated provincial taxes.

The calculator will show your Ontario provincial tax liability based on the 2020 tax rates. Remember that this is an estimate and your actual tax liability may differ based on deductions, credits, and other factors.

Formula Used

The Ontario provincial tax is calculated using progressive tax brackets. The formula is:

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

The 2020 Ontario tax brackets are as follows:

Taxable Income	Tax Rate
$0 - $44,718	5.05%
$44,719 - $89,435	9.15%
$89,436 - $150,000	11.16%
$150,001 - $220,000	12.16%
Over $220,000	13.16%

For example, if your taxable income is $50,000:

$44,718 × 5.05% = $2,260.84
($50,000 - $44,718) × 9.15% = $529.16
Total Ontario Tax = $2,260.84 + $529.16 = $2,790.00

Worked Example

Let's calculate the Ontario provincial tax for a single filer with a taxable income of $60,000.

First $44,718: $44,718 × 5.05% = $2,260.84
Next $15,282 ($60,000 - $44,718): $15,282 × 9.15% = $1,393.99
Total Ontario Tax: $2,260.84 + $1,393.99 = $3,654.83

Note: This is an estimate. Your actual tax liability may differ based on deductions, credits, and other factors. For an exact calculation, consult a tax professional.

Frequently Asked Questions

Is this calculator accurate for my 2020 Ontario tax return?: This calculator provides an estimate based on 2020 tax rates. For an exact calculation, consult a tax professional or use official government tax software.
What if I have deductions or credits?: This calculator does not account for deductions or credits. Your actual tax liability may be higher or lower depending on these factors.
How do I file my 2020 Ontario tax return?: You can file your 2020 Ontario tax return online through the Ontario government's website or by mail using the appropriate forms.
When is the deadline to file my 2020 Ontario tax return?: The deadline to file your 2020 Ontario tax return was June 15, 2021.
Where can I find more information about Ontario taxes?: For more information about Ontario taxes, visit the Ontario government website.