Question: what is the marginal tax rate in ontario?
Answer: While each province has their own marginal tax rates, we will look at the marginal tax rates in the province of Ontario for purposes of illustration: 5.05% on the first $44,740 of taxable income, plus. 9.15% on the next $44,742, (on the portion of taxable income over $44,740 up to $89,482), plus.