Income Tax Brackets 2024 Ontario. Personal income tax is collected annually from ontario residents and those who earned income in the province. The ontario tax brackets and personal tax credit amounts are increased for 2024 by an indexation factor of 1.045 (4.5% increase), except.

20% surtax on tax over $5,554 and additional surtax of 36% on tax over $7,108. 16 rows ontario 2025 and 2024 tax rates & tax brackets.