Ontario Tax Calculator 2015

Calculate your Ontario provincial taxes for 2015 with this free online tax calculator. This tool provides a breakdown of federal and provincial taxes, helping you understand your net income after taxes.

How to Use This Calculator

Using this Ontario tax calculator is simple:

Enter your total annual income in the "Gross Income" field.
Select your filing status (Single, Married, or Head of Household).
Click "Calculate" to see your tax breakdown.
Review the results to understand how much tax you'll pay and what your net income will be.

The calculator provides a detailed breakdown of federal and provincial taxes, as well as your net income after taxes.

How Ontario Taxes Work in 2015

Ontario taxes in 2015 were based on a progressive tax system, meaning higher income brackets pay higher tax rates. The Ontario government collects provincial taxes, while the federal government collects income taxes.

The calculator combines both federal and provincial tax rates to give you a complete picture of your tax liability.

Ontario Tax Rates 2015

The Ontario tax rates for 2015 were as follows:

Tax Bracket	Federal Rate	Provincial Rate
Up to $44,700	15%	5.05%
$44,701 - $89,404	22%	9.15%
$89,405 - $138,585	26%	11.16%
Over $138,585	29%	12.16%

Note: These rates are for 2015 and may not reflect current tax laws. Always consult a tax professional for the most accurate information.

Worked Examples

Example 1: Single Filer with $50,000 Income

For a single filer with $50,000 in gross income:

Federal tax: $5,940
Provincial tax: $2,287
Total tax: $8,227
Net income: $41,773

Example 2: Married Filers with $100,000 Income

For married filers with $100,000 in combined gross income:

Federal tax: $15,880
Provincial tax: $6,033
Total tax: $21,913
Net income: $78,087

Frequently Asked Questions

How accurate is this Ontario tax calculator?

This calculator provides an estimate based on 2015 tax rates. For precise tax calculations, consult a certified tax professional.

Does this calculator include all Ontario taxes?

Yes, it includes both federal and provincial taxes for Ontario residents in 2015.

Can I use this calculator for 2016 or later years?

No, this calculator is specifically for 2015 tax rates. Tax laws change annually, so using it for other years may give inaccurate results.