Ontario 2024 Tax Brackets For Individuals

Ontario 2024 Tax Brackets For Individuals. There are 5 ontario income tax brackets and 5 corresponding tax. To account for inflation, ontario’s tax brackets and personal tax credit amounts are adjusted annually based on indexation factors, like the 4.5% increase applied in 2024.

The tax is calculated separately from federal income tax. We have highlighted selected tax proposals from the budget that affect individuals and small.