Ontario Income Tax Brackets 2015 Calculator

Calculate your Ontario provincial income tax for 2015 using the official tax brackets. This calculator provides a clear breakdown of how much tax you owe based on your taxable income, including provincial tax rates and deductions.

How the 2015 Ontario Tax Calculator Works

Ontario's provincial income tax system for 2015 used a progressive tax rate structure where higher income brackets pay higher tax rates. The calculator applies these rates to your taxable income to determine your provincial tax liability.

Note: This calculator uses the 2015 tax rates and brackets. For current tax information, check the latest year's tax tables.

Key Components of the Calculation

Taxable income: Your income after deductions
Progressive tax brackets: Different rates apply to different income ranges
Provincial tax rates: 5.05% for the first $42,960, 9.15% for the next $42,960, and 11.16% for amounts over $85,920

Formula Used

Ontario Tax = (Taxable Income × 5.05%) + [(Taxable Income - 42,960) × 9.15%] + [(Taxable Income - 85,920) × 11.16%]

2015 Ontario Income Tax Brackets

The 2015 Ontario tax brackets were structured as follows:

Taxable Income Range	Marginal Tax Rate
$0 - $42,960	5.05%
$42,961 - $85,920	9.15%
$85,921 and above	11.16%

For example, someone earning $50,000 would pay 5.05% on the first $42,960 and 9.15% on the remaining $7,040.

How to Use This Calculator

Enter your total taxable income for 2015 in the calculator
Click "Calculate" to see your provincial tax liability
Review the breakdown of how your tax was calculated
Use the chart to visualize your tax liability

Remember: This calculator provides an estimate. For official tax purposes, consult a tax professional or use the Canada Revenue Agency's official tax tables.

Worked Examples

Example 1: $40,000 Income

For a taxable income of $40,000:

$40,000 × 5.05% = $2,020

Total provincial tax: $2,020

Example 2: $60,000 Income

For a taxable income of $60,000:

$42,960 × 5.05% = $2,176.28
($60,000 - $42,960) × 9.15% = $1,423.72

Total provincial tax: $2,176.28 + $1,423.72 = $3,600.00

Example 3: $90,000 Income

For a taxable income of $90,000:

$42,960 × 5.05% = $2,176.28
($85,920 - $42,960) × 9.15% = $3,847.44
($90,000 - $85,920) × 11.16% = $476.08

Total provincial tax: $2,176.28 + $3,847.44 + $476.08 = $6,499.80

Frequently Asked Questions

How is Ontario provincial tax different from federal tax?

Ontario provincial tax is calculated separately from federal tax. The total tax you pay is the sum of both provincial and federal taxes.

Are there any deductions or credits that affect the provincial tax?

Yes, certain deductions and credits can reduce your taxable income, which in turn reduces your provincial tax liability. Common deductions include RRSP contributions and medical expenses.

Can I use this calculator for 2016 or later years?

No, this calculator is specifically for 2015 tax rates. For current years, use the appropriate tax tables or consult a tax professional.

What if my income is below the first bracket?

If your taxable income is $42,960 or less, you only pay the 5.05% rate on your entire income.