Ontario Tax

Form ON428

2023

Protected B when completed

For more information about this form, go to canada.ca/on-tax-info.

Part A – Ontario tax on taxable income

Enter your taxable income from line 26000 of your return.

Use the amount from line 1 to complete the appropriate column below.

Line 1 is more than

Line 1 is

$49,231 but not

$98,463 but not

$150,000 but not

Line 1 is more

$49,231 or less

more than $98,463

more than $150,000

more than $220,000

than $220,000

Amount from line 1

Line 2 minus line 3

–

(cannot be negative)

Line 4 multiplied by the

x 5.05%

x 9.15%

x 11.16%

x 12.16%

x 13.16%

percentage from line 5

Line 6 plus line 7

Ontario tax on

taxable income

Enter the amount from line 8 on line 51 and continue at line 9.

Part B – Ontario non-refundable tax credits

Internal use

56050

Basic personal amount

Claim $11,865

58040

Age amount (if you were born in 1958 or earlier)(use Worksheet ON428)

(maximum $5,793)

58080

Spouse or common-law partner amount:

Base amount

Your spouse's or common-law partner's net income

from line 23600 of their return

–

Line 11 minus 12 (if negative, enter "0")

(maximum $10,075)

58120

►

Amount for an eligible dependant:

Base amount

Your eligible dependant's net income from line 23600 of their return

–

Line 14 minus line 15 (if negative, enter "0")

(maximum $10,075)

58160

►

Ontario caregiver amount (use Worksheet ON428)

58185

Add lines 9, 10, 13, 16 and 17.

CPP or QPP contributions:

Amount from line 30800 of your return

58240

•19

Amount from line 31000 of your return

58280

•20

Employment insurance premiums:

Amount from line 31200 of your return

58300

•21

Amount from line 31217 of your return

58305

•22

Adoption expenses

58330

Add lines 19 to 23.

►

Line 18 plus line 24

5006-C E(23)

(Ce formulaire est disponible en français.)

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Protected B when completed

Part B – Ontario non-refundable tax credits

(continued)

Amount from line 25 of the previous page

Pension income amount

(maximum $1,641)

58360

Line 26 plus line 27

Disability amount for self

(claim $9,586 or, if you were under 18 years of age, use Worksheet ON428)

58440

Disability amount transferred from a dependant(use Worksheet ON428)

58480

Add lines 28 to 30.

Interest paid on your student loans (amount from line 31900 of your return)

58520

Your unused tuition and education amounts (attach Schedule ON(S11))

58560

Amounts transferred from your spouse or common-law partner (attach Schedule ON(S2))

58640

Add lines 31 to 34.

Medical expenses:

Go to canada.ca/on-tax-info and read line 58689

under "Form ON428 – Ontario Tax".

58689

Amount from line 23600 of your return

Applicable rate

x 3%

Line 37 multiplied by the percentage from line 38

Enter whichever is less: $2,685 or the amount on line 39.

–

Line 36 minus line 40 (if negative, enter "0")

Allowable amount of medical expenses for other dependants

(use Worksheet ON428)

58729

Line 41 plus line 42

58769

►

Line 35 plus line 43

58800

Ontario non-refundable tax credit rate

x 5.05%

Line 44 multiplied by the percentage from line 45

58840

Donations and gifts:

Amount from line 13

of your federal Schedule 9

x 5.05% =

Amount from line 14

of your federal Schedule 9

x 11.16% =

Line 47 plus line 48

58969

►

Line 46 plus line 49

Enter this amount on line 52.

Ontario non-refundable tax credits

61500

Part C – Ontario tax

Ontario tax on taxable income from line 8

Ontario non-refundable tax credits from line 50

–

Line 51 minus line 52 (if negative, enter "0")

Ontario tax on split income (complete Form T1206)

61510

•54

Line 53 plus line 54

Ontario minimum tax carryover:

Enter the amount from line 53 above.

Ontario dividend tax credit (use Worksheet ON428)

61520

–

•57

Line 56 minus line 57 (if negative, enter "0")

Amount from line 40427 of your return

x 33.67% =

Enter whichever is less: amount from line 58 or line 59.

61540

–

•60

Line 55 minus line 60 (if negative, enter "0")

5006-C E (23)

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Protected B when completed

Part C – Ontario tax

(continued)

Amount from line 61 of the previous page

Ontario surtax:

Amount from line 62

Ontario tax on split income from line 54

–

Line 63 minus line 64 (if negative, enter "0")

Complete lines 66 to 68 if the amount on line 65 is more than $5,315.
If the amount is less than $5,315, enter "0" on line 68 and continue on line 69.

(Line 65

– $5,315) x 20% (if negative, enter "0") =

(Line 65

– $6,802) x 36% (if negative, enter "0") =

Line 66 plus line 67

►

Line 62 plus line 68

Ontario dividend tax credit from line 57

–

Line 69 minus line 70 (if negative, enter "0")

Ontario additional tax for minimum tax purposes:

If you entered an amount on line 98 of Form T691, use Worksheet ON428 to calculate your

additional tax for minimum tax purposes.

Line 71 plus line 72

Ontario tax reduction

Enter "0" on line 80 if any of the following applies to you:

• You were not a resident of Canada at the beginning of the year

• You were not a resident of Ontario on December 31, 2023

• There is an amount on line 72

• The amount on line 73 is "0"

• You were bankrupt at any time in 2023

• Your return is filed for you by a trustee in bankruptcy

• You are choosing not to claim an Ontario tax reduction

If none of the above applies to you, complete lines 74 to 80 to calculate your Ontario tax reduction.

Basic reduction

If you had a spouse or common-law partner on December 31, 2023,
only the individual with the higher net income can claim the amounts
on lines 75 and 76.

Reduction for dependent children born in 2005 or later:

Number of dependent children

60969

x $506 =

Reduction for dependants with a mental or physical impairment:

Number of dependants

60970

x $506 =

Add lines 74 to 76.

Amount from line 77 above

x 2 =

Amount from line 73 above

–

Line 78 minus line 79 (if negative, enter "0")

Ontario tax reduction

►

Line 73 minus line 80 (if negative, enter "0")

Provincial foreign tax credit (complete Form T2036)

–

Line 81 minus line 82 (if negative, enter "0")

5006-C E (23)

Page 3 of 4

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Protected B when completed

Part C – Ontario tax

(continued)

Amount from line 83 of the previous page

Low-income individuals and families tax (LIFT) credit (complete Schedule ON428–A)

62140

–

•85

Line 84 minus line 85 (if negative, enter "0")

Community food program donation tax credit for farmers:

Enter the amount of qualifying donations that have

also been claimed as a charitable donation.

62150

x 25% =

–

Line 86 minus line 87 (if negative, enter "0")

Ontario health premium (complete the chart below)

Line 88 plus line 89

Enter this amount on line 42800 of your return.

Ontario tax

Ontario health premium

Go to the line on the chart below that corresponds to your taxable income from line 1 to determine your Ontario health premium.

Taxable income

Ontario health premium

$20,000 or less

►

more than $20,000 but

not more than $25,000

– $20,000 =

x 6% =

more than $25,000 but

not more than $36,000

►

$300

more than $36,000 but

not more than $38,500

– $36,000 =

x 6% =

+ $300 =

more than $38,500 but

not more than $48,000

►

$450

more than $48,000 but

not more than $48,600

– $48,000 =

x 25% =

+ $450 =

more than $48,600 but

not more than $72,000

►

$600

more than $72,000 but

not more than $72,600

– $72,000 =

x 25% =

+ $600 =

more than $72,600 but

not more than $200,000

►

$750

more than $200,000 but

not more than $200,600

– $200,000 =

x 25% =

+ $750 =

more than $200,600

►

$900

Enter the result on line 89 above.

See the privacy notice on your return.

5006-C E (23)

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