Canadian retirement calculator
Retirement planning for Ontario.
Real federal + Ontario tax brackets. RRSP meltdown optimization. OAS clawback avoidance. CPP claiming strategy. All free. GAINS (Guaranteed Annual Income System).
Run your projection — freeOntario at a glance (2026)
Top combined rate
53.53%
Basic personal amount
$12,989
Bottom rate
5.05%
OAS clawback starts
$95,323
Provincial tax brackets
Ontario income tax rates (2026)
| Rate | Taxable income |
|---|---|
| 5.05% | up to $54,446 |
| 9.15% | $54,446 – $108,893 |
| 11.16% | $108,893 – $150,000 |
| 12.16% | $150,000 – $220,000 |
| 13.16% | over $220,000 |
Provincial rates are applied on top of federal rates.
Provincial senior supplement
GAINS (Guaranteed Annual Income System)
Single maximum
$996/yr
Couple maximum
$1,992/yr
Available to seniors 65+ with income below the threshold. Claws back at 50% of income. TFSA withdrawals do not count toward the clawback. cinder.fi models this automatically.
What this means for your retirement
Ontario retirement planning insights
Ontario's surtax adds an extra 20% on provincial tax over $5,315 and 36% over $6,802 — making the effective top rate 53.53%, the second-highest in Canada
RRSP meltdown in Ontario should target the $54,446 bracket boundary — combined federal+provincial rate jumps from ~20% to ~30% at that threshold
The GAINS supplement provides up to $83/month for low-income seniors, but claws back at 50% — TFSA-first withdrawal preserves eligibility
Ontario has no provincial sales tax credit for seniors, making income management even more critical for retirees near the OAS clawback threshold of $95,323
Frequently asked questions
› What is the top tax rate in Ontario for retirees?
The top combined federal + Ontario rate is 53.53% on income over $220,000. This includes the Ontario surtax, which adds 20% on provincial tax above $5,315 and 36% above $6,802. Most retirees aim to keep income below $108,893 where the combined rate is around 33%.
› What is the Ontario GAINS program?
The Guaranteed Annual Income System (GAINS) provides up to $83/month ($996/year) for low-income Ontario seniors age 65+. It claws back at 50% of income above the threshold. TFSA withdrawals don't count as income for GAINS, making TFSA-first withdrawal strategies particularly valuable in Ontario.
› Should I do an RRSP meltdown in Ontario?
Usually yes. Without meltdown, RRIF mandatory withdrawals at 72+ can push you into the 43-53% combined brackets. The optimal meltdown target in Ontario is usually the $54,446 bracket boundary, where the combined rate jumps from ~20% to ~30%. cinder.fi calculates the exact optimal amount for your situation.
Other provinces
See your Ontario numbers.
Real Ontario tax brackets. Free plan. No credit card.
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