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Ontario Tax Calculation:
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The Ontario Tax Calculator estimates your total tax burden for 2025-26, including federal tax, provincial tax, CPP, EI, health premium, and surtax. It helps you understand your take-home pay after all deductions.
The calculator uses the following formula:
Each component is calculated based on 2025-26 tax brackets and rates.
Federal Tax: Progressive tax rates from 15% to 33% based on income brackets.
Ontario Tax: Provincial tax with rates from 5.05% to 13.16%.
CPP: Canada Pension Plan contribution at 5.95% of pensionable earnings up to $66,600.
EI: Employment Insurance at 1.62% of insurable earnings up to $61,500.
Health Premium: Ontario's additional health tax ranging from $0 to $900.
Surtax: Additional tax on Ontario tax above certain thresholds.
Tips: Enter your gross annual salary in Canadian dollars. The calculator will estimate all tax components and your net take-home pay.
Q1: Are these the exact 2025 tax rates?
A: These are projected rates based on current legislation and inflation adjustments. Actual 2025 rates may vary slightly.
Q2: What's not included in this calculation?
A: This doesn't include other potential deductions like union dues, pension contributions, or benefits premiums.
Q3: How often are tax brackets adjusted?
A: Federal and provincial tax brackets are typically indexed to inflation annually.
Q4: Can I use this for self-employed income?
A: No, self-employed individuals have different CPP contribution rules and may qualify for additional deductions.
Q5: What if I have tax credits?
A: This calculator provides a basic estimate. Personal tax credits would reduce your actual tax payable.