Individual Income Tax Rates - 2024

Tax Brackets

 

Surtax

Surtax

From

To

Tax Rates

Threshold

Rate

Federal
$ 14,157
$ 55,867
15.0%
(note 1)
$ 55,868
$ 111,733
20.5%
$ 111,734
$ 173,205
26.0%
$ 173,206
$ 246,752
29.0%
$ 246,753
33.0%
 
Ontario
$ 12,400
$ 51,446
5.05%
$ 51,447
$ 102,894
9.15%
$ 5,554
20.0%
$ 102,895
$ 150,000
11.16%
$ 7,108
36.0%
$ 150,001
$ 220,000
12.16%
$ 220,001
13.16%
Note 1:The Ontario surtax rate applies to Ontario tax exeeding the threshold amount.

 

Combined Federal and Ontario Top
Marginal Tax Rates for Individuals

Interest and Regular Income
Capital Gains
Eligible Dividends
Non-Eligible Dividends
53.53%
26.77%
39.34%
47.74%

 

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