Tax brackets

Ontario flagOntario 2023 tax brackets

Federal and provincial tables for employment income. Each bracket applies only to income inside its range.

Federal: 5 brackets, top rate 33.0% above $235,675.
Ontario: 5 brackets, top rate 13.2% above $220,000.
Marginal vs. average
A marginal rate applies only to income within a bracket, not your total income.
2023 brackets

Combined marginal rate

Marginal rates apply to income inside each range.

Last verified: 2025-12-20
Bracket rangeRate
$0 to $49,23120.05%
$49,231 to $53,35924.15%
$53,359 to $98,46329.65%
$98,463 to $106,71731.66%
$106,717 to $150,00037.16%
$150,000 to $165,43038.16%
$165,430 to $220,00041.16%
$220,000 to $235,67542.16%
Over $235,67546.16%
Upper bounds reflect the start of the next bracket. The last bracket applies above the final threshold.
Notes: First year of FHSA availability. BPA reflects the maximum 'enhanced' amount
2023 brackets

Ontario flagOntario income tax

Marginal rates apply to income inside each range.

Last verified: 2026-01-24
Bracket rangeRate
$0 to $49,2315.05%
$49,231 to $98,4639.15%
$98,463 to $150,00011.16%
$150,000 to $220,00012.16%
Over $220,00013.16%
Upper bounds reflect the start of the next bracket. The last bracket applies above the final threshold.
Provincial surtax (applies to net provincial tax)
Net provincial tax rangeSurtax rate
$5,315 to $6,80220.0%
Over $6,80236.0%
2023 brackets

Canada flagFederal income tax

Marginal rates apply to income inside each range.

Last verified: 2025-12-20
Bracket rangeRate
$0 to $53,35915.0%
$53,359 to $106,71720.5%
$106,717 to $165,43026.0%
$165,430 to $235,67529.0%
Over $235,67533.0%
Upper bounds reflect the start of the next bracket. The last bracket applies above the final threshold.
Notes: First year of FHSA availability. BPA reflects the maximum 'enhanced' amount
More regions in 2023
NetPayView — 2023 Ontario tax brackets