2024 Tax Brackets Canada Ontario. The ontario tax brackets and personal tax credit amounts are increased for 2025 by an indexation factor of 1.028 (2.8% increase), except for the $150,000 and $220,000 bracket amounts, which are not indexed for. Ontario tax bracket thresholds, except for the top two tiers, have been increased by 4.5 per cent for 2024.
The tax tables below include the tax rates, thresholds and allowances included in the ontario tax calculator 2024. Ontario tax filers may claim a basic exemption of $286 plus a supplementary amount of $529 for each dependent child aged 18 or under and each dependant with a.