2023 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$123,000.00
Salary
$123,000.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$36,008.61
Federal Tax
$20,121.99
Provincial Tax
$11,129.72
CPP Contributions
$3,754.45
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$1,002.45
Net Pay
$86,991.39
Marginal Tax Rate
43.41%
Average Tax Rate
25.41%
Comprehensive Deduction Rate
29.28%
Monthly Salary
Total Income
$10,250.00
Salary
$10,250.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$3,000.72
Federal Tax
$1,676.83
Provincial Tax
$927.48
CPP Contributions
$312.87
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$83.54
Net Pay
$7,249.28
Marginal Tax Rate
43.41%
Average Tax Rate
25.41%
Comprehensive Deduction Rate
29.28%
Biweekly Salary
Total Income
$4,730.77
Salary
$4,730.77
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,384.95
Federal Tax
$773.92
Provincial Tax
$428.07
CPP Contributions
$144.40
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$38.56
Net Pay
$3,345.82
Marginal Tax Rate
43.41%
Average Tax Rate
25.41%
Comprehensive Deduction Rate
29.28%
Weekly Salary
Total Income
$2,365.38
Salary
$2,365.38
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$692.47
Federal Tax
$386.96
Provincial Tax
$214.03
CPP Contributions
$72.20
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$19.28
Net Pay
$1,672.91
Marginal Tax Rate
43.41%
Average Tax Rate
25.41%
Comprehensive Deduction Rate
29.28%
Daily Salary
Total Income
$473.08
Salary
$473.08
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$138.49
Federal Tax
$77.39
Provincial Tax
$42.81
CPP Contributions
$14.44
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$3.86
Net Pay
$334.58
Marginal Tax Rate
43.41%
Average Tax Rate
25.41%
Comprehensive Deduction Rate
29.28%
Hourly Salary
Total Income
$63.08
Salary
$63.08
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$18.47
Federal Tax
$10.32
Provincial Tax
$5.71
CPP Contributions
$1.93
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.51
Net Pay
$44.61
Marginal Tax Rate
43.41%
Average Tax Rate
25.41%
Comprehensive Deduction Rate
29.28%
Federal and Provincial/Territorial Tax Brackets
Your taxable income in the following tax brackets.
| Federal Tax Bracket | Federal Tax Rates |
|---|---|
| $53,359.00 or less | 15% |
| $53,359.00 - $106,716.99 | 20.5% |
| $106,717.00 - $165,429.99 | 26% |
| $165,430.00 - $235,674.99 | 29% |
| More than $235,675.00 | 33% |
| Ontario Tax Bracket | Ontario Tax Rates |
|---|---|
| $49,231.00 or less | 5.05% |
| $49,231.00 - $98,462.99 | 9.15% |
| $98,463.00 - $149,999.99 | 11.16% |
| $150,000.00 - $219,999.99 | 12.16% |
| More than $220,000.00 | 13.16% |
Income taxes on annual salaries
Annual Income Tax by Province/Territory
Total Income
$123,000.00
Total Deductions
$31,492.79
Net Pay
$91,507.21
Average Tax Rate
21.74%
Comprehensive Deduction Rate
25.6%
Total Income
$123,000.00
Total Deductions
$33,526.05
Net Pay
$89,473.95
Average Tax Rate
23.39%
Comprehensive Deduction Rate
27.26%
Total Income
$123,000.00
Total Deductions
$33,538.38
Net Pay
$89,461.62
Average Tax Rate
23.4%
Comprehensive Deduction Rate
27.27%
Total Income
$123,000.00
Total Deductions
$33,859.20
Net Pay
$89,140.80
Average Tax Rate
23.66%
Comprehensive Deduction Rate
27.53%
Total Income
$123,000.00
Total Deductions
$34,633.34
Net Pay
$88,366.66
Average Tax Rate
24.29%
Comprehensive Deduction Rate
28.16%
Total Income
$123,000.00
Total Deductions
$36,008.61
Net Pay
$86,991.39
Average Tax Rate
25.41%
Comprehensive Deduction Rate
29.28%
Total Income
$123,000.00
Total Deductions
$36,937.96
Net Pay
$86,062.04
Average Tax Rate
26.16%
Comprehensive Deduction Rate
30.03%
Total Income
$123,000.00
Total Deductions
$38,865.30
Net Pay
$84,134.70
Average Tax Rate
27.73%
Comprehensive Deduction Rate
31.6%
Total Income
$123,000.00
Total Deductions
$39,540.29
Net Pay
$83,459.71
Average Tax Rate
28.28%
Comprehensive Deduction Rate
32.15%
Total Income
$123,000.00
Total Deductions
$39,759.02
Net Pay
$83,240.98
Average Tax Rate
28.46%
Comprehensive Deduction Rate
32.32%
Total Income
$123,000.00
Total Deductions
$41,003.01
Net Pay
$81,996.99
Average Tax Rate
29.47%
Comprehensive Deduction Rate
33.34%
Total Income
$123,000.00
Total Deductions
$41,654.03
Net Pay
$81,345.97
Average Tax Rate
30%
Comprehensive Deduction Rate
33.87%
Total Income
$123,000.00
Total Deductions
$42,284.54
Net Pay
$80,715.46
Average Tax Rate
30.09%
Comprehensive Deduction Rate
34.38%
| Region | Total Income | Total Deductions | Net Pay | Average Tax Rate | Comprehensive Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $123,000.00 | $31,492.79 | $91,507.21 | 21.74% | 25.6% |
| British Columbia | $123,000.00 | $33,526.05 | $89,473.95 | 23.39% | 27.26% |
| Yukon | $123,000.00 | $33,538.38 | $89,461.62 | 23.4% | 27.27% |
| Northwest Territories | $123,000.00 | $33,859.20 | $89,140.80 | 23.66% | 27.53% |
| Alberta | $123,000.00 | $34,633.34 | $88,366.66 | 24.29% | 28.16% |
| Ontario | $123,000.00 | $36,008.61 | $86,991.39 | 25.41% | 29.28% |
| Saskatchewan | $123,000.00 | $36,937.96 | $86,062.04 | 26.16% | 30.03% |
| New Brunswick | $123,000.00 | $38,865.30 | $84,134.70 | 27.73% | 31.6% |
| Newfoundland and Labrador | $123,000.00 | $39,540.29 | $83,459.71 | 28.28% | 32.15% |
| Manitoba | $123,000.00 | $39,759.02 | $83,240.98 | 28.46% | 32.32% |
| Prince Edward Island | $123,000.00 | $41,003.01 | $81,996.99 | 29.47% | 33.34% |
| Nova Scotia | $123,000.00 | $41,654.03 | $81,345.97 | 30% | 33.87% |
| Quebec | $123,000.00 | $42,284.54 | $80,715.46 | 30.09% | 34.38% |
This tool was designed for approximation purposes only and should not be used to replace legal or accounting authority. For the purpose of simplifying the process, a number of variables have been assumed to calculate the figures included on this page. The results of this calculator should not be relied upon for determining career and/or tax decisions.
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