2020 Tax Calculator Ontario Canada

Use this 2020 Ontario tax calculator to estimate your provincial income tax liability for the 2020 tax year. The calculator applies the 2020 Ontario tax rates and brackets to your income, deductions, and credits to provide an estimate of your tax payable.

How to Use This Calculator

To calculate your 2020 Ontario income tax:

Enter your total taxable income for 2020 in the "Taxable Income" field.
Select your filing status (Single, Married, or Other).
Enter any applicable deductions or credits in the provided fields.
Click the "Calculate" button to see your estimated tax liability.

The calculator will display your estimated tax payable, the tax rate applied, and a breakdown of how the tax was calculated.

Formula Used

The 2020 Ontario income tax is calculated using progressive tax brackets. The formula is:

Tax Payable = Sum of (Taxable Income × Tax Rate for Each Bracket)

Where each bracket's tax rate is applied to the portion of income that falls within that bracket.

The calculator applies the 2020 Ontario tax brackets, which are different for single, married, and other filing statuses.

Worked Example

Let's calculate the tax for a single filer with $50,000 in taxable income:

$44,753 × 5.05% = $2,264.89
$5,247 × 9.15% = $480.40
$0 × 11.16% = $0
$0 × 12.16% = $0
$0 × 13.16% = $0
$0 × 14.16% = $0
$0 × 16.80% = $0

Total tax payable: $2,264.89 + $480.40 = $2,745.29

2020 Ontario Tax Brackets

The 2020 Ontario tax brackets are as follows:

Filing Status	Tax Bracket	Tax Rate
Single	$0 - $44,753	5.05%
	$44,754 - $89,506	9.15%
	$89,507 - $150,000	11.16%
	$150,001 - $220,000	12.16%
	$220,001 and over	13.16%
	Married	$0 - $89,506	5.05%
	$89,507 - $179,012	9.15%
$179,013 - $240,000	11.16%
$240,001 - $440,000	12.16%
$440,001 and over	13.16%

Note

These are the basic provincial tax brackets. Additional deductions, credits, and federal tax considerations may affect your final tax liability.

Frequently Asked Questions

How accurate is this 2020 Ontario tax calculator?

This calculator provides an estimate based on the 2020 Ontario tax brackets. For exact tax calculations, consult a tax professional or use official government tax forms.

Does this calculator include federal tax?

No, this calculator only calculates the provincial Ontario tax. Federal tax would need to be calculated separately using the appropriate federal tax brackets.

What deductions are included in this calculator?

This calculator includes basic deductions such as the basic personal amount. Additional deductions and credits may need to be entered manually.