Ontario Retirement Calculator
This free retirement calculator uses Ontario’s own income-tax brackets and senior supplements to estimate your after-tax retirement income. Model RRSP, TFSA, RRIF, CPP and OAS together and see exactly what your plan looks like as a Ontario resident.
Free · no sign-up · all 10 provinces · couples & Monte Carlo built in.
Ontario income-tax brackets
Your province sets its own tax rates on top of federal tax. Retirely applies Ontario’s brackets to every dollar of retirement income:
| Taxable income | Provincial rate |
|---|---|
| $0 – $51,446 | 5.05% |
| $51,446 – $102,892 | 9.15% |
| $102,892 – $178,178 | 11.16% |
| $178,178 – $248,178 | 12.16% |
| over $248,178 | 13.16% |
Provincial brackets shown are the values applied by the Retirely engine and are updated periodically. Federal tax and credits apply on top.
Retirement income in Ontario
Beyond tax, Retirely models CPP and OAS timing, GIS, RRIF minimums and — where applicable — Ontario’s senior supplement, so your projection reflects living in Ontario specifically rather than a national average.
Frequently asked questions
How is retirement income taxed in Ontario?
Retirement income in Ontario is taxed at combined federal and Ontario provincial rates. RRSP/RRIF and most pension income is fully taxable, TFSA withdrawals are tax-free, and OAS may be clawed back above $90,997 of net income. Retirely estimates all of this for Ontario.
Does Retirely include Ontario senior benefits?
Retirely models federal CPP, OAS and GIS for every province and includes several provincial senior supplements. It applies Ontario’s tax brackets so your after-tax income is province-accurate.