How much income tax do I have to pay?

The amount of income tax you pay depends on how much money you earned in the past year minus any deductions and credits.

Your income tax rate is based on a combination of federal and provincial tax rates.

Most 2019 tax returns should be filed by April 30, 2019. If you are filing for a previous year, see the 2019 to 1985 tax rates.

Due to the COVID-19 pandemic response, the government has deferred the tax filing deadline to June 1, 2019.

Federal tax rates for the 2020 tax year

  • 15% on taxable income of C$48,535 or less
  • 20.5% on taxable income between C$48,535 and C$97,069
  • 26% on taxable income between C$97,069 and C$150,473
  • 29% on taxable income between C$150,473 and $214,368
  • 33% on taxable income over $214,368

Ontario (provincial) tax rates for the 2020 tax year

  • 5.05% on taxable income of C$44,740 or less
  • 9.15% on taxable income between $44,742, and $89,482
  • 11.16% on taxable income between $89,482 and $150,000
  • 12.16% on taxable income between $150,000 and $220,000
  • 13.16% on taxable income over $220,000

Find a list of federal and provincial tax rates for previous years.

Taxable income includes employment income, rental income and money you receive through some government programs.

Tax credits and deductions reduce the amount of tax you must pay. If you paid too much tax, you will get a refund. If you did not pay enough, you must pay the difference to the government. Find out more about What happens after I file my tax return?

Canadian residency for tax purposes is not the same as residency for immigration purposes. Find out more in Do I have to file a tax return?

For More Information

  • Newcomers to Canada - This guide is for first-time tax filers in Canada. It will help you determine if you are a resident for tax purposes, which is not the same as residency for immigration purposes. From the CRA.
  • Canada Revenue Agency (CRA) - The federal agency responsible for administering tax, benefits and related programs across the country. Their website provides detailed information about tax-related issues.
  • Frequently Asked Questions about Individual Taxation - Information and answers about tax rates and how to file your return. From the CRA.
  • General Income Tax and Benefit Package - A collection of forms and information sheets which you need to file your income tax return. From the CRA.
  • Ontario Tax Credits and Benefits - Learn about the different tax credits and benefits you can get to help you with living costs when you file your income tax return. From the Ministry of Finance.
Last updated: March 19, 2020 4000128