Ontario Income Tax Calculator 2026
Estimate your 2026 federal and Ontario provincial income taxes, CPP contributions, EI premiums, and after-tax income. Updated with the latest CRA rates effective January 1, 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.
2026 Canadian & Ontario Tax Brackets
Federal Tax Brackets 2026
| Taxable Income | Rate |
|---|---|
| Up to $58,523 | 14.00% |
| $58,523 – $117,045 | 20.50% |
| $117,045 – $181,440 | 26.00% |
| $181,440 – $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 – $105,773 | 9.15% |
| $105,773 – $150,000 | 11.16% |
| $150,000 – $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
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