Ontario Income Tax Calculator 2026
Estimate your 2026 federal and Ontario provincial income tax, CPP contributions, EI premiums, net income, and take-home pay. This free Canada tax calculator uses the latest CRA rates effective January 1, 2026.
Last updated: June 2026
Salary, wages, bonuses, commissions
Net business income (revenue minus expenses)
Interest, dividends, pension, rental income
Total gains (50% inclusion rate applied automatically)
Reduces your taxable income
Enter your income to see your tax estimate
This calculator uses 2026 federal and Ontario tax rates, including CPP, EI, and Ontario surtax.
What are the 2026 Canadian and Ontario tax brackets?
Federal rates run from 14% on the first $58,523 of taxable income up to 33% over $258,482. Ontario rates run from 5.05% on the first $52,886 up to 13.16% over $220,000, with a provincial surtax on top. Your marginal rate is the rate on your next dollar of income, while your average rate determines your net income and take-home pay.
Federal Tax Brackets 2026
| Taxable Income | Rate |
|---|---|
| Up to $58,523 | 14.00% |
| $58,523 to $117,045 | 20.50% |
| $117,045 to $181,440 | 26.00% |
| $181,440 to $258,482 | 29.00% |
| Over $258,482 | 33.00% |
Basic Personal Amount: $16,452. The lowest rate dropped from 15% to 14% effective January 1, 2026.
Ontario Tax Brackets 2026
| Taxable Income | Rate |
|---|---|
| Up to $52,886 | 5.05% |
| $52,886 to $105,773 | 9.15% |
| $105,773 to $150,000 | 11.16% |
| $150,000 to $220,000 | 12.16% |
| Over $220,000 | 13.16% |
Ontario Basic Personal Amount: $11,865. Ontario surtax applies: 20% on provincial tax over $5,315 + 36% over $6,802.
2026 CPP & EI Contribution Rates
Canada Pension Plan (CPP)
- Employee rate: 5.95%
- Maximum pensionable earnings: $74,600
- Basic exemption: $3,500
- Max employee contribution: $4,230.45
- CPP2 ceiling: $85,000 (4% on earnings above YMPE)
Employment Insurance (EI)
- Employee rate: $1.63 per $100
- Maximum insurable earnings: $68,900
- Max employee premium: $1,123.07
How to Use This Calculator
Enter your expected 2026 income in the fields above. The calculator handles the most common income types for Ontario residents.
Employment Income
Your gross salary, wages, bonuses, and commissions before deductions. The amount on your T4 slip, Box 14.
Self-Employment Income
Your net business income after expenses. Self-employed pay both employee and employer CPP portions.
Other Income
Interest, dividends, pension, rental income, and any other taxable income sources.
Capital Gains
Enter the total gain amount. The 50% inclusion rate is applied automatically by the calculator.
RRSP Deduction
RRSP contributions reduce your taxable income dollar-for-dollar, directly lowering your tax bill.
What's Calculated
Federal + Ontario brackets, Basic Personal Amount credits, CPP/CPP2, EI premiums, and Ontario surtax.
Results are estimates. For a complete assessment accounting for all credits and your specific situation, book a free consultation with our team.
Frequently Asked Questions
Need help beyond the estimate?
If you'd rather hand the return off or plan ahead to lower next year's bill, these pages walk through what our team does for individuals and Ontario businesses. Call us at (905) 334-4611 or book a free 15-minute consultation.
Ready to Take Control of Your Finances?
Book a free 15-minute consultation and let's talk about how we can help your business thrive.