Tax Calculator Canada Ontario 2018
Calculate your Ontario provincial income tax for 2018 using this professional tax calculator. Enter your taxable income and see how much tax you owe based on Ontario's 2018 tax brackets and rates.
How to Use This Calculator
Using this Ontario tax calculator is simple:
- Enter your total taxable income for 2018 in the calculator.
- Click the "Calculate" button to see your estimated provincial tax.
- Review the result and compare it with your actual tax return.
The calculator uses Ontario's 2018 tax rates and brackets. For federal tax calculations, use our Canada Federal Tax Calculator.
Ontario Tax Brackets (2018)
Ontario's 2018 provincial tax rates are progressive, meaning higher incomes pay higher tax rates. The brackets are:
| Taxable Income | Tax Rate |
|---|---|
| $0 - $44,703 | 5.05% |
| $44,704 - $89,405 | 9.15% |
| $89,406 - $150,000 | 11.16% |
| $150,001 - $220,000 | 12.16% |
| Over $220,000 | 13.16% |
Note: These are provincial tax rates only. Federal tax rates are different. The calculator does not include federal tax calculations.
How Ontario Income Tax Works
Ontario's income tax system is based on progressive taxation, where higher incomes pay higher tax rates. The tax is calculated by applying the appropriate tax rate to each portion of your income that falls within a specific bracket.
Formula: Ontario Tax = Sum of (Taxable Income × Tax Rate for each bracket)
For example, if your taxable income is $50,000:
- $44,703 × 5.05% = $2,257.72
- ($50,000 - $44,703) × 9.15% = $506.99
- Total tax = $2,257.72 + $506.99 = $2,764.71
Worked Examples
Example 1: Single Income of $40,000
Taxable income: $40,000
Calculation:
- $40,000 × 5.05% = $2,020.00
Total tax: $2,020.00
Example 2: Single Income of $100,000
Taxable income: $100,000
Calculation:
- $44,703 × 5.05% = $2,257.72
- ($89,405 - $44,703) × 9.15% = $4,029.81
- ($100,000 - $89,405) × 11.16% = $1,249.37
Total tax: $2,257.72 + $4,029.81 + $1,249.37 = $7,536.90