Tax Credits 2024 Ontario Income Tax. Personal income tax is collected annually from ontario residents and those who earned income in the province. Ontario offers various tax credits that can significantly reduce your tax bill.

View the current personal income tax rates and credits chart for a summary of most ontario tax credits and benefits, including amounts. For example, if you’re filing 2024 taxes and you lived in alberta to start the year before moving to ontario in october, you’ll be subject to ontario income tax (in addition to federal taxes everyone in canada pays).