Question: what is the federal tax rate in ontario?
Answer: Federal Tax Bracket Rates for 2020 15% on the first $48,535 of taxable income, and. 20.5% on the portion of taxable income over $48,535 up to $97,069 and. 26% on the portion of taxable income over $97,069 up to $150,473 and. 29% on the portion of taxable income over $150,473 up to $214,368 and.