Marginal Tax Rates 2024 Ontario. For an explanation of these rates and credits, refer to the federal and provincial personal income tax return. 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%.

The calculator reflects known rates as of june 1, 2024. 16 rows the 2024 federal budget proposed an increase in the capital gains inclusion rate to 66 2/3% for the portion of gains realized after june 24, 2024 in excess of $250,000, for an individual.