Taxes Calculator Ontario 2017
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Reviewed by Calculator Editorial Team
Calculate your Ontario provincial income taxes for the 2017 tax year using this official tax calculator. This tool provides an estimate of your tax liability based on your income and deductions.
How to Use This Calculator
To calculate your Ontario provincial taxes for 2017:
- Enter your total taxable income in the "Taxable Income" field.
- Select your filing status (Single, Married, or Other).
- Click the "Calculate" button to see your estimated tax liability.
- Review the breakdown of your tax calculation.
The calculator uses the 2017 Ontario tax brackets and rates to provide an accurate estimate. For exact tax calculations, consult a tax professional or use official government tax forms.
Formula Used
The Ontario provincial tax is calculated using progressive tax brackets. The formula is:
Ontario Provincial Tax = Sum of (Taxable Income × Tax Rate for each Bracket)
The 2017 Ontario tax brackets and rates are 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: This calculator does not include federal taxes or other deductions. For a complete tax estimate, use the official Canada Revenue Agency tax forms.
Worked Example
Let's calculate the Ontario provincial tax for a single filer with a taxable income of $60,000 in 2017.
- First $44,703 × 5.05% = $2,260.15
- Next $15,297 ($60,000 - $44,703) × 9.15% = $1,399.37
- Total Ontario Provincial Tax = $2,260.15 + $1,399.37 = $3,659.52
Using the calculator, you would enter $60,000 as the taxable income and select "Single" as the filing status to get this result.
Frequently Asked Questions
- Is this calculator official?
- This calculator provides an estimate based on the 2017 Ontario tax brackets. For official tax calculations, use the Canada Revenue Agency forms.
- Does this include federal taxes?
- No, this calculator only calculates Ontario provincial taxes. Federal taxes are calculated separately.
- What if my income is over $220,000?
- The calculator automatically applies the highest tax rate of 13.16% to income above $220,000.
- Can I use this for 2018 or later years?
- No, this calculator is specifically for the 2017 tax year. Tax brackets and rates change each year.