Sharad CPA Professional Corporation

Income Tax Calculator

It is always better to have some knowledge of your tax return. With an estimated amount, our calculator will provide you here, you can go ahead with your financial strategy for the next year.

“Our easy-to-use Tax calculator can quickly provide you with the estimation of your tax return this year. Make sure you have the correct information in the fields and you will get an approximate amount in the results.”

Ontario Tax Calculator

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Federal Tax :

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Average Tax Rate :

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After-Tax Income :

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Know Your Bracket According To Your Annual Taxable Income Canadian Tax Brackets

Canadian Tax Brackets

Federal Brackets	Tax Rates (on Taxable Income)	Ontario Brackets	Tax Rates (on Taxable Income)
For the first $50,197	15%	on the first $45,142 of taxable income	5.05%
$50,197 to $100,392	20.5%	on portion of taxable income over $45,142 up-to $90,287	9.15%
$100,392 to $155,625	26%	on portion of taxable income over $90,287 up-to $150,000	11.16%
$155,625 to $221,708	29%	on portion of taxable income over $150,000 up-to $220,000	12.16%
$221,708 and over	33%	on portion of taxable income over $220,000	13.16%