2024 Tax Brackets Canada Ontario. Ontario income tax rates will stay the same in 2024. The federal tax brackets and personal tax credit amounts are increased for 2024 by an indexation factor of 1.047 (a 4.7% increase).
The calculator reflects known rates as of june 1, 2024. The ontario tax brackets and personal tax credit amounts are increased for 2024 by an indexation factor of 1.045 (4.5% increase), except for the $150,000 and $220,000 bracket amounts, which are not.