Marginal Tax Rate 2024 Ontario Canada. Average and marginal tax rates. We have now calculated our effective tax rate and marginal tax rate on our annual taxable income of $ 100,000.00 in ontario for the 2024 tax year and can compare the.
Calculate your annual federal and provincial combined tax rate with our easy online tool. For example, if your taxable income after deductions and exemptions was $45,000, you owe 15% of that for your federal tax, and the ontario provincial amount you owe is 5.05%, then your marginal tax rate (15% +.