Tax Return Ontario 2019 Calculator
This Ontario tax return calculator helps you estimate your 2019 tax liability based on your income and deductions. The calculator uses the 2019 Ontario tax rates and provides a step-by-step guide to filing your return.
How to Use This Calculator
To use the Ontario tax return calculator:
- Enter your total taxable income for 2019
- Select your filing status (Single, Married, or Common-law)
- Enter any applicable deductions
- Click "Calculate" to see your estimated tax liability
The calculator will show you your provincial tax, federal tax, and total tax payable. You can then compare this to your tax refund or additional payment.
Formula Used
The Ontario tax return calculation follows these steps:
1. Calculate provincial tax:
Provincial tax = (Taxable income - Basic personal amount) × Provincial tax rate
2. Calculate federal tax:
Federal tax = (Taxable income - Basic personal amount) × Federal tax rate
3. Total tax payable:
Total tax = Provincial tax + Federal tax - Tax credits
The basic personal amount and tax rates vary by filing status. The calculator uses the 2019 Ontario tax rates.
Worked Example
Let's calculate the tax for a single filer with $50,000 taxable income:
Provincial tax:
(50,000 - 11,475) × 0.0505 = $2,239.13
Federal tax:
(50,000 - 11,475) × 0.15 = $5,960.63
Total tax:
$2,239.13 + $5,960.63 = $8,199.76
This example shows the estimated tax liability for a single filer with $50,000 income. Your actual tax may vary based on deductions and credits.
Common Deductions
You may be eligible for these common deductions when filing your Ontario tax return:
| Deduction | Maximum Amount |
|---|---|
| RRSP contributions | $2,500 |
| Medical expenses | Actual expenses - 3% of income |
| Donations | No limit |
| Home office | Actual expenses |
| Moving expenses | $400 |
Consult the Canada Revenue Agency for the most current deduction rules.
Tax Credits
Ontario offers several tax credits that can reduce your tax liability:
- Ontario Trillium Benefit: Provides up to $1,000 for low-income individuals
- Canada Child Benefit: Up to $6,480 per year for eligible children
- Ontario Child Benefit: Up to $1,000 per child
- Ontario Disability Support Program: Provides tax credits for individuals with disabilities
Check the eligibility requirements for each credit.
Filing Requirements
To file your Ontario tax return, you'll need:
- Your Notice of Assessment (NOA) from the Canada Revenue Agency
- All tax slips (T4, T4A, T4E, etc.)
- Proof of deductions and credits
- Banking information for direct deposit
You can file online, by mail, or at a tax centre. The deadline for filing your 2019 return is April 30, 2020.