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Ontario Tax Brackets 2020 Calculator

Reviewed by Calculator Editorial Team

Calculate your Ontario provincial tax liability for 2020 using the official tax brackets. This calculator provides a simple way to estimate your tax obligation based on your taxable income.

How the Ontario Tax Calculator Works

The Ontario tax calculator applies the progressive tax rates to your taxable income. The calculation follows these steps:

  1. Enter your total taxable income for 2020
  2. The calculator applies the Ontario tax brackets to determine how much tax you owe
  3. The result shows your total provincial tax liability

The calculator uses the 2020 Ontario tax rates which were in effect for that year. These rates are based on the Ontario government's tax tables.

Ontario Tax Brackets for 2020

The 2020 Ontario tax brackets were as follows:

Taxable Income Tax Rate
$0 - $44,703 5.05%
$44,704 - $89,407 9.15%
$89,408 - $150,000 11.16%
$150,001 - $220,000 12.16%
Over $220,000 13.16%

Note: These rates are for Ontario provincial taxes only. Federal taxes are calculated separately.

How to Use This Calculator

Using the Ontario tax calculator is simple:

  1. Enter your total taxable income in the calculator
  2. Click the "Calculate" button
  3. View your estimated provincial tax liability

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

Worked Examples

Example 1: $50,000 Income

For a taxable income of $50,000:

  • $44,703 × 5.05% = $2,263.65
  • ($50,000 - $44,703) × 9.15% = $496.35
  • Total tax = $2,263.65 + $496.35 = $2,760.00

Example 2: $100,000 Income

For a taxable income of $100,000:

  • $44,703 × 5.05% = $2,263.65
  • ($89,407 - $44,703) × 9.15% = $4,026.35
  • ($100,000 - $89,407) × 11.16% = $1,193.00
  • Total tax = $2,263.65 + $4,026.35 + $1,193.00 = $7,483.00

Frequently Asked Questions

What is included in Ontario taxable income?
Ontario taxable income includes wages, salaries, business income, investment income, and other sources of income subject to Ontario provincial taxes.
Are federal taxes included in this calculator?
No, this calculator only calculates Ontario provincial taxes. Federal taxes are calculated separately using your federal tax brackets.
How often are Ontario tax brackets updated?
Ontario tax brackets are typically updated annually by the Ontario government. This calculator uses the 2020 rates which were in effect for that year.
Can I use this calculator for 2021 or later years?
No, this calculator is specifically for the 2020 tax year. For current years, use a calculator with updated tax brackets.
Is this calculator accurate for all income levels?
This calculator provides an estimate based on the progressive tax brackets. For exact calculations, consult a tax professional or use official government tax forms.