Tasha Fredelia

2024 Income Tax Brackets Ontario Today. The indexation increase for 2024 is 4.7 per cent, according to the canada revenue agency (cra). Your tax bracket is based on “taxable income,” which is your gross income from all sources, minus any tax deductions you may qualify for.

Learn about ontario’s new tax brackets for 2024, including income tax rates and other taxes like hst and eht. Get a quick, free estimate of your 2023 income tax refund or taxes owed using our income tax calculator.