Tax brackets
Ontario 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 range | Rate |
|---|---|
| $0 to $49,231 | 20.05% |
| $49,231 to $53,359 | 24.15% |
| $53,359 to $98,463 | 29.65% |
| $98,463 to $106,717 | 31.66% |
| $106,717 to $150,000 | 37.16% |
| $150,000 to $165,430 | 38.16% |
| $165,430 to $220,000 | 41.16% |
| $220,000 to $235,675 | 42.16% |
| Over $235,675 | 46.16% |
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 income tax
Marginal rates apply to income inside each range.
Last verified: 2026-01-24
| Bracket range | Rate |
|---|---|
| $0 to $49,231 | 5.05% |
| $49,231 to $98,463 | 9.15% |
| $98,463 to $150,000 | 11.16% |
| $150,000 to $220,000 | 12.16% |
| Over $220,000 | 13.16% |
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 range | Surtax rate |
|---|---|
| $5,315 to $6,802 | 20.0% |
| Over $6,802 | 36.0% |
2023 brackets
Federal income tax
Marginal rates apply to income inside each range.
Last verified: 2025-12-20
| Bracket range | Rate |
|---|---|
| $0 to $53,359 | 15.0% |
| $53,359 to $106,717 | 20.5% |
| $106,717 to $165,430 | 26.0% |
| $165,430 to $235,675 | 29.0% |
| Over $235,675 | 33.0% |
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