Marginal Tax Rates
2020 Marginal Personal Income Tax Rates
| Taxable Income | Federal | Ontario | Total |
| 0 – $10,783 | 0.00% | 0.00% | 0.00% |
| $10,784 – $13,229 | 0.00% | 5.05% | 5.05% |
| $13,230 – 44,740 | 15.00% | 5.05% | 20.05% |
| $44,741 – 48,535 | 15.00% | 9.15% | 24.15% |
| $48,536 – 87,813 | 20.50% | 9.15% | 29.65% |
| $87,814 – 97,069 | 20.50% | 11.16% | 31.66% |
| $97,070 – 150,473 | 26.00% | 11.16% | 37.16% |
| $150,474 – 150,000 | 29.00% | 11.16% | 40.16% |
| $150,001 – 214,368 | 29.00% | 12.16% | 41.16% |
| $214,369 – 220,000 | 33.00% | 12.16% | 45.16% |
| $220,001 and above | 33.00% | 13.16% | 46.16% |
Corporation Income Tax Rates for Canadian Controlled Private Corporations
effective January 1, 2020
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