Ontario 2021 and 2020 Personal Marginal Income Tax Rates

Ontario 2021 and 2020 Personal Marginal Income Tax Rates

The Federal tax brackets and personal tax credit amounts are increased for 2021 by an indexation factor of 1.010.

The Ontario tax brackets and personal tax credit amounts are increased for 2021 by an indexation factor of 1.009, except for the $150,000 and $220,000 bracket amounts, which are not indexed for inflation.

The indexation factors, tax brackets and tax rates have been confirmed to Canada Revenue Agency information.

The marginal tax rates above have been adjusted to reflect these changes.

Posted By: ZAMS Group Of Companies