Ontario Tax Bracket Calculator 2015

Calculate your Ontario provincial tax liability for 2015 using this official tax bracket calculator. Understand how provincial taxes work in Canada with this practical guide.

How the Ontario Tax Bracket Calculator Works

Ontario uses a progressive tax system where your tax rate increases as your income rises. The calculator applies the 2015 Ontario tax brackets to your income to determine your provincial tax liability.

Tax Calculation Formula

Ontario tax is calculated by applying the progressive tax brackets to your total income. The formula is:

Tax = (Income × Tax Rate) - Tax Credit

Where Tax Rate is determined by your income bracket.

The Ontario tax system includes both federal and provincial taxes. This calculator focuses on the provincial component. For a complete tax calculation, you would also need to account for federal taxes.

How to Use the Ontario Tax Bracket Calculator

Enter your total taxable income for 2015 in the calculator.
Click the "Calculate" button to see your provincial tax liability.
Review the breakdown of your tax calculation.
Use the chart to visualize how your income compares to the tax brackets.

This calculator uses the 2015 Ontario tax brackets. For current year calculations, use the appropriate year-specific calculator.

Ontario Tax Brackets for 2015

The 2015 Ontario tax brackets are as follows:

Income Range	Tax Rate
$0 - $42,961	5.05%
$42,962 - $85,923	9.15%
$85,924 - $150,000	11.16%
$150,001 - $220,000	12.16%
Over $220,000	13.16%

These brackets apply to Ontario residents for the 2015 tax year. The rates are progressive, meaning higher income brackets pay higher tax rates.

Example Calculations

Let's look at two examples to understand how the Ontario tax brackets work.

Example 1: $50,000 Income

For someone earning $50,000 in 2015:

$42,961 × 5.05% = $2,171.86
($50,000 - $42,961) × 9.15% = $6,703.59
Total tax = $2,171.86 + $6,703.59 = $8,875.45

Example 2: $100,000 Income

For someone earning $100,000 in 2015:

$42,961 × 5.05% = $2,171.86
($85,923 - $42,961) × 9.15% = $3,721.77
($100,000 - $85,923) × 11.16% = $1,494.99
Total tax = $2,171.86 + $3,721.77 + $1,494.99 = $7,388.62

These examples show how the progressive tax system works. Higher earners pay more in taxes, but at lower rates for the portion of their income in the lower brackets.

Frequently Asked Questions

What is the Ontario tax rate for 2015?: The Ontario tax rate for 2015 is progressive, ranging from 5.05% to 13.16% depending on your income level.
How do I calculate my Ontario tax?: Use the Ontario tax bracket calculator by entering your total taxable income for 2015. The calculator will apply the progressive tax rates to determine your provincial tax liability.
Are there any Ontario tax credits for 2015?: Yes, Ontario offers various tax credits for 2015, including the basic personal amount and other credits. These are not included in this calculator but should be accounted for in your complete tax calculation.
How does Ontario tax compare to other provinces?: Ontario has one of the highest provincial tax rates in Canada. The tax brackets and rates vary by province, so it's important to use the correct calculator for your jurisdiction.
Can I use this calculator for 2016 or later years?: No, this calculator uses the 2015 Ontario tax brackets. For current year calculations, use the appropriate year-specific calculator.