Income Tax Calculator Ontario Canada 2019
Calculate your 2019 Ontario income tax with this free calculator. Get your estimated tax liability, tax brackets, and deductions for Canada. This tool uses the 2019 tax rates and brackets for Ontario residents.
How to Use This Calculator
Enter your total taxable income for 2019 in the calculator below. The calculator will compute your Ontario provincial tax based on the 2019 tax brackets. You can also adjust the number of dependents if applicable.
Formula Used
The Ontario income tax is calculated by applying progressive tax rates to your taxable income. The formula is:
Provincial Tax = Sum of (Taxable Income × Rate for each Bracket)
Where the brackets and rates are defined by the Ontario government for 2019.
After entering your income, click "Calculate" to see your estimated provincial tax. The result will show your total tax liability and a breakdown of how much was paid in each tax bracket.
Ontario Tax Brackets 2019
The 2019 Ontario tax brackets are as follows:
| Taxable Income | Marginal Rate |
|---|---|
| $0 - $44,701 | 5.05% |
| $44,702 - $89,404 | 9.15% |
| $89,405 - $150,000 | 11.16% |
| $150,001 - $220,000 | 12.16% |
| Over $220,000 | 13.16% |
Note that these rates are for provincial tax only. Federal tax rates are different and would need to be calculated separately.
Example Calculation
Let's calculate the provincial tax for someone earning $80,000 in 2019.
- First $44,701 at 5.05%: $44,701 × 0.0505 = $2,266.36
- Next $35,299 ($89,404 - $44,701) at 9.15%: $35,299 × 0.0915 = $3,228.36
- Total provincial tax: $2,266.36 + $3,228.36 = $5,494.72
This example shows that someone earning $80,000 would owe approximately $5,495 in Ontario provincial tax for 2019.
Frequently Asked Questions
- What is included in Ontario income tax?
- Ontario income tax includes wages, salaries, business income, investment income, and other taxable sources of income.
- Are there any deductions for Ontario tax?
- Yes, Ontario offers various deductions including RRSP contributions, medical expenses, and tuition fees. These can reduce your taxable income.
- Is this calculator accurate for 2019?
- This calculator uses the 2019 Ontario tax brackets and rates. For current year calculations, please use a tax preparation service.
- Does this calculator include federal tax?
- No, this calculator only calculates Ontario provincial tax. Federal tax would need to be calculated separately.
- Can I use this calculator for self-employment income?
- Yes, you can enter your total taxable income from all sources including self-employment.