Ontario is one of Canada’s thirteen provinces and territories. It is the most populated province in Canada, accounting for 38.3 percent of the country’s population, and the second-largest by total area (behind Quebec).
Ontario is Canada’s fourth-largest jurisdiction in terms of total land area among all provinces and territories. It is home to both the nation’s capital, Ottawa, and the country’s most populated metropolis, Toronto, which also serves as the provincial capital of Ontario.
How much is tax in Ontario?
The cumulative sales tax rate for 2023 in Ontario, Canada is 13%. This total rate simply consists of a Harmonized Sales Tax (HST) of 13%.
The tax rates in Ontario range from 5.05% to 13.16% of income and the combined federal and provincial tax rate is between 20.05% and 53.53%. After-tax income is your total income net of federal tax, provincial tax, and payroll tax. Rates are up to date as of June 7, 2023.
Ontario has five tax brackets, each with its own tax rate. The lowest interest rate is 5.05%, and the highest is 13.16%. Except for the two highest categories, which are not indexed for inflation, the tax rates, personal amount, and surtax amounts were increased by 6.5% for 2023. The Basic Personal Amount in Ontario has also been raised to $11,865 for 2023, up from $11,141 in 2022.
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