Ontario Taxes 2017 Calculator

How Ontario Taxes Work in 2017

Ontario's provincial tax system operates alongside federal taxes to determine your total tax liability. In 2017, Ontario used a progressive tax system where your tax rate increases as your taxable income rises. The provincial tax is calculated on your Ontario taxable income, which is your total income minus certain deductions.

The Ontario tax rate is determined by your taxable income bracket. The 2017 Ontario tax rates ranged from 5.05% for the lowest bracket to 13.16% for the highest bracket.

2017 Ontario Tax Brackets

The 2017 Ontario tax brackets were as follows:

For example, someone earning $60,000 would fall into the 9.15% tax bracket, while someone earning $180,000 would be in the 12.16% bracket.

Common Deductions in 2017

Several deductions were available to Ontario taxpayers in 2017 to reduce their taxable income. Common deductions included:

• Basic personal amount ($11,474 in 2017)
• Spousal amount (if married)
• RRSP contributions
• Medical expenses
• Donations to charitable organizations
• Home office expenses
• Moving expenses

Tax Credits Available in 2017

Ontario offered several tax credits in 2017 that could reduce your tax liability. Key credits included:

• Ontario child benefit
• Ontario disability tax credit
• Ontario caregiver amount
• Ontario home buyer's amount
• Ontario seniors' tax credit

These credits were applied after calculating your provincial tax but before determining your final tax refund or amount owed.

Worked Example

Let's calculate the Ontario taxes for a single taxpayer with $60,000 in total income and no deductions other than the basic personal amount.

1. Calculate Ontario taxable income: $60,000 - $11,474 (basic personal amount) = $48,526
2. Determine tax bracket: $48,526 falls in the 9.15% bracket
3. Calculate Ontario tax: $48,526 × 9.15% = $4,432.49

This taxpayer would owe approximately $4,432.49 in Ontario provincial taxes for the 2017 tax year.