Canada Ontario Tax Calculator 2020

Calculate your Ontario provincial tax liability for the 2020 tax year using this official Canada tax calculator. This tool provides accurate estimates based on the 2020 Ontario tax brackets and rates.

How to Use This Calculator

To calculate your Ontario provincial tax for 2020:

Enter your total taxable income for the year in the "Taxable Income" field.
Select your filing status from the dropdown menu.
Click the "Calculate" button to see your estimated provincial tax.

The calculator will display your estimated Ontario provincial tax based on the 2020 tax brackets and rates.

Tax Calculation Formula

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

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

The 2020 Ontario tax brackets and rates are as follows:

Taxable Income	Tax Rate
$0 - $44,743	5.05%
$44,744 - $89,486	9.15%
$89,487 - $150,000	11.16%
$150,001 - $220,000	12.16%
Over $220,000	13.16%

Note: This calculator uses the 2020 Ontario tax brackets and rates. For current tax information, consult the Canada Revenue Agency website.

Worked Example

Let's calculate the Ontario provincial tax for a single filer with a taxable income of $60,000 in 2020.

First $44,743 × 5.05% = $2,264.84
Next $15,257 ($60,000 - $44,743) × 9.15% = $1,394.24
Total Provincial Tax = $2,264.84 + $1,394.24 = $3,659.08

Using the calculator with these inputs would show an estimated provincial tax of $3,659.08 for this scenario.

Frequently Asked Questions

Is this calculator official?: This calculator provides estimates based on the 2020 Ontario tax brackets and rates. For official tax calculations, consult the Canada Revenue Agency.
Does this calculator include federal tax?: No, this calculator only calculates Ontario provincial tax. Federal tax would need to be calculated separately.
Are there any deductions or credits not included in this calculator?: Yes, this calculator provides a basic estimate. It doesn't account for deductions, credits, or other tax-saving strategies. For a complete tax calculation, consult a tax professional.
Can I use this calculator for previous or future years?: This calculator is specifically for the 2020 tax year. Tax brackets and rates change each year, so using it for other years may give inaccurate results.
Where can I find official tax information?: The official source for tax information is the Canada Revenue Agency website at www.canada.ca/en/revenue-agency.html.