Ontario tax rates 2026
Updated Oct 2026Combined federal + provincial marginal rates. Table mode excludes low-income reductions and the Ontario Health Premium for comparability across provinces — this is the convention used by financial institutions.
Top combined rate
53.53%
Top capital gains rate
26.76%
Top eligible dividend rate
39.34%
| Taxable income | Fed bracket | Prov bracket | Ordinary income | Capital gains | Eligible dividends | Non-eligible dividends |
|---|---|---|---|---|---|---|
| $20k | 14.00% | 5.05% | 19.05% | 9.52% | -8.24% | 8.09% |
| $30k | 14.00% | 5.05% | 19.05% | 9.53% | -8.24% | 8.09% |
| $40k | 14.00% | 5.05% | 19.05% | 9.52% | -8.24% | 8.09% |
| $50k | 14.00% | 5.05% | 19.05% | 9.52% | -8.24% | 8.09% |
| $60k | 20.50% | 9.15% | 29.65% | 14.83% | 6.39% | 20.28% |
| $70k | 20.50% | 9.15% | 29.65% | 14.83% | 6.39% | 20.28% |
| $80k | 20.50% | 9.15% | 29.65% | 14.83% | 6.39% | 20.28% |
| $90k | 20.50% | 9.15% | 29.65% | 14.83% | 6.39% | 20.28% |
| $100k | 20.50% | 9.15% | 31.48% | 15.74% | 8.92% | 22.38% |
| $120k | 26.00% | 11.16% | 43.41% | 21.70% | 25.38% | 36.10% |
| $150k | 26.00% | 11.16% | 44.97% | 22.48% | 27.53% | 37.90% |
| $200k | 29.00% | 12.16% | 48.26% | 24.13% | 32.08% | 41.69% |
| $250k | 29.00% | 13.16% | 49.82% | 24.91% | 34.23% | 43.48% |
| $300k | 33.00% | 13.16% | 53.53% | 26.76% | 39.34% | 47.74% |
| $400k | 33.00% | 13.16% | 53.53% | 26.76% | 39.34% | 47.74% |
| $500k | 33.00% | 13.16% | 53.53% | 26.76% | 39.34% | 47.74% |
Ontario provincial brackets 2026
| Taxable income | Rate |
|---|---|
| $0 to $53,891 | 5.05% |
| $53,892 to $107,785 | 9.15% |
| $107,786 to $150,000 | 11.16% |
| $150,001 to $220,000 | 12.16% |
| Over $220,000 | 13.16% |
Notes
- Rates are marginal — they apply only to each additional dollar of income in that bracket, not to all income.
- The table uses table mode, which excludes low-income reductions, Ontario surtax, and the Ontario Health Premium for clean cross-province comparison.
- Eligible dividends are grossed up 38 % before tax, then receive the federal and provincial dividend tax credits.
- Capital gains are taxed on 50 % of the gain (50 % inclusion rate, confirmed as of March 21 2025).