SeeYourSpend

Ontario take-home pay calculator

Real 2026 tax brackets and basic personal amount for Ontario — the same numbers behind the full calculator.

Ontario's paycheque math has an extra step most calculators skip: a surtax layered on top of provincial tax once it clears a couple of thresholds, on top of the usual five income brackets. It's a small detail that changes the real number for a lot of middle-income earners.

This calculator applies that surtax the same way the province actually does, alongside the 2026 bracket thresholds and basic personal amount below — so what you see here is what actually lands in your account, not a rounded estimate.

2026 provincial tax brackets

Taxable incomeMarginal rate
$0 – $53,8915.05%
$53,891 – $107,7859.15%
$107,785 – $150,00011.16%
$150,000 – $220,00012.16%
$220,000 and up13.16%

Basic personal amount: $12,989

Government programs in Ontario

Starter Company Plus (Ontario)

An Ontario grant plus mentoring for someone starting, expanding, or buying a small business.

Up to $5,000, non-repayable, plus mentoring, workshops, and advisor guidance. You need to contribute at least 25% of the grant value yourself, in cash or in-kind.

Official source →
Summer Company (Ontario)

An Ontario grant for students running a summer business.

Up to $3,000 plus mentoring and training, for a business run full-time over the summer (roughly May-Labour Day).

Official source →
Ontario Innovation Tax Credit (OITC)

An Ontario refundable tax credit for R&D spending, paired with the federal SR&ED credit — corporations only.

8% refundable credit on qualified Ontario R&D expenditures, up to a $3,000,000 annual expenditure limit (shared among associated corporations). Phases out once prior-year Ontario taxable income exceeds $500,000 or taxable capital exceeds $25,000,000.

Official source →
Ontario Business-Research Institute Tax Credit (OBRITC)

An Ontario refundable tax credit for a corporation that pays a university, college, or research hospital to do R&D on its behalf.

20% fully refundable credit on qualified contract R&D expenditures, to a maximum $4,000,000 credit per year (20% of a $20,000,000 expenditure cap).

Official source →
Ontario Made Manufacturing Investment Tax Credit (OMMITC)

An Ontario tax credit for a corporation investing in buildings, machinery, or equipment used for manufacturing or processing in Ontario — directly relevant to a small factory business, once incorporated.

15% credit (refundable for CCPCs) on eligible investments made May 15, 2025 - December 31, 2029; expenditure cap $20,000,000/year, maximum credit $3,000,000/year. A separate 15% non-refundable version with a 10-year carryforward also covers non-CCPC corporations.

Official source →
Ontario Land Transfer Tax Refund for First-Time Homebuyers

A refund of Ontario's land transfer tax for a first-time homebuyer — relevant to a construction business's own clients.

Refund of the land transfer tax paid, up to $4,000 (fully offsets the tax on homes up to roughly $368,000). Toronto adds its own municipal rebate of up to $4,475 on top.

Official source →
Ontario Enhanced New Housing Rebate (2026-27, time-limited)

A temporary, larger version of Ontario's new-housing HST rebate — construction-relevant, but time-limited, not a permanent program.

Rebates the full 8% provincial HST portion on qualifying newly built homes up to $1,000,000 (including new residential rental property); combined with the federal portion, up to $130,000 total for eligible Ontario buyers/investors — but only for agreements signed April 1, 2026 - March 31, 2027.

Official source →
Calculate your real take-home pay in Ontario →