Tax Brackets 2024 Canada Ontario. This figure also subtracts the federal basic personal amount tax credit, which for 2024 is $15,705. Get a quick, free estimate of your 2023 income tax refund or taxes owed using our income tax calculator.
The basic personal amount before any personal tax applies has been increased to $15,705 for those earning $173,205 (29% tax bracket), up from. The tax rates in ontario for 2024 range from 20.05% to 41.66%, depending on your income.
