Canadian Income Tax Brackets 2025 Ontario

Canadian Income Tax Brackets 2025 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. Most taxpayers in canada are eligible to claim the federal basic personal amount of $15,705 on their 2025 taxes, which reduces taxable income, if their net income is $173,205.

Here are the tax brackets for ontario and canada based on your taxable income. Ontario 2025 and 2023 tax rates & tax brackets.