2023 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$125,000.00
Salary
$125,000.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$36,876.80
Federal Tax
$20,641.99
Provincial Tax
$11,477.91
CPP Contributions
$3,754.45
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$1,002.45
Net Pay
$88,123.20
Marginal Tax Rate
43.41%
Average Tax Rate
25.7%
Comprehensive Deduction Rate
29.5%
Monthly Salary
Total Income
$10,416.67
Salary
$10,416.67
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$3,073.07
Federal Tax
$1,720.17
Provincial Tax
$956.49
CPP Contributions
$312.87
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$83.54
Net Pay
$7,343.60
Marginal Tax Rate
43.41%
Average Tax Rate
25.7%
Comprehensive Deduction Rate
29.5%
Biweekly Salary
Total Income
$4,807.69
Salary
$4,807.69
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,418.34
Federal Tax
$793.92
Provincial Tax
$441.46
CPP Contributions
$144.40
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$38.56
Net Pay
$3,389.35
Marginal Tax Rate
43.41%
Average Tax Rate
25.7%
Comprehensive Deduction Rate
29.5%
Weekly Salary
Total Income
$2,403.85
Salary
$2,403.85
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$709.17
Federal Tax
$396.96
Provincial Tax
$220.73
CPP Contributions
$72.20
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$19.28
Net Pay
$1,694.68
Marginal Tax Rate
43.41%
Average Tax Rate
25.7%
Comprehensive Deduction Rate
29.5%
Daily Salary
Total Income
$480.77
Salary
$480.77
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$141.83
Federal Tax
$79.39
Provincial Tax
$44.15
CPP Contributions
$14.44
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$3.86
Net Pay
$338.94
Marginal Tax Rate
43.41%
Average Tax Rate
25.7%
Comprehensive Deduction Rate
29.5%
Hourly Salary
Total Income
$64.10
Salary
$64.10
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$18.91
Federal Tax
$10.59
Provincial Tax
$5.89
CPP Contributions
$1.93
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.51
Net Pay
$45.19
Marginal Tax Rate
43.41%
Average Tax Rate
25.7%
Comprehensive Deduction Rate
29.5%
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
$125,000.00
Total Deductions
$32,192.79
Net Pay
$92,807.21
Average Tax Rate
21.95%
Comprehensive Deduction Rate
25.75%
Total Income
$125,000.00
Total Deductions
$34,276.38
Net Pay
$90,723.62
Average Tax Rate
23.62%
Comprehensive Deduction Rate
27.42%
Total Income
$125,000.00
Total Deductions
$34,291.85
Net Pay
$90,708.15
Average Tax Rate
23.63%
Comprehensive Deduction Rate
27.43%
Total Income
$125,000.00
Total Deductions
$34,623.20
Net Pay
$90,376.80
Average Tax Rate
23.89%
Comprehensive Deduction Rate
27.7%
Total Income
$125,000.00
Total Deductions
$35,353.34
Net Pay
$89,646.66
Average Tax Rate
24.48%
Comprehensive Deduction Rate
28.28%
Total Income
$125,000.00
Total Deductions
$36,876.80
Net Pay
$88,123.20
Average Tax Rate
25.7%
Comprehensive Deduction Rate
29.5%
Total Income
$125,000.00
Total Deductions
$37,707.96
Net Pay
$87,292.04
Average Tax Rate
26.36%
Comprehensive Deduction Rate
30.17%
Total Income
$125,000.00
Total Deductions
$39,705.30
Net Pay
$85,294.70
Average Tax Rate
27.96%
Comprehensive Deduction Rate
31.76%
Total Income
$125,000.00
Total Deductions
$40,376.29
Net Pay
$84,623.71
Average Tax Rate
28.5%
Comprehensive Deduction Rate
32.3%
Total Income
$125,000.00
Total Deductions
$40,627.02
Net Pay
$84,372.98
Average Tax Rate
28.7%
Comprehensive Deduction Rate
32.5%
Total Income
$125,000.00
Total Deductions
$41,890.41
Net Pay
$83,109.59
Average Tax Rate
29.71%
Comprehensive Deduction Rate
33.51%
Total Income
$125,000.00
Total Deductions
$42,524.03
Net Pay
$82,475.97
Average Tax Rate
30.21%
Comprehensive Deduction Rate
34.02%
Total Income
$125,000.00
Total Deductions
$43,233.74
Net Pay
$81,766.26
Average Tax Rate
30.37%
Comprehensive Deduction Rate
34.59%
| Region | Total Income | Total Deductions | Net Pay | Average Tax Rate | Comprehensive Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $125,000.00 | $32,192.79 | $92,807.21 | 21.95% | 25.75% |
| Yukon | $125,000.00 | $34,276.38 | $90,723.62 | 23.62% | 27.42% |
| British Columbia | $125,000.00 | $34,291.85 | $90,708.15 | 23.63% | 27.43% |
| Northwest Territories | $125,000.00 | $34,623.20 | $90,376.80 | 23.89% | 27.7% |
| Alberta | $125,000.00 | $35,353.34 | $89,646.66 | 24.48% | 28.28% |
| Ontario | $125,000.00 | $36,876.80 | $88,123.20 | 25.7% | 29.5% |
| Saskatchewan | $125,000.00 | $37,707.96 | $87,292.04 | 26.36% | 30.17% |
| New Brunswick | $125,000.00 | $39,705.30 | $85,294.70 | 27.96% | 31.76% |
| Newfoundland and Labrador | $125,000.00 | $40,376.29 | $84,623.71 | 28.5% | 32.3% |
| Manitoba | $125,000.00 | $40,627.02 | $84,372.98 | 28.7% | 32.5% |
| Prince Edward Island | $125,000.00 | $41,890.41 | $83,109.59 | 29.71% | 33.51% |
| Nova Scotia | $125,000.00 | $42,524.03 | $82,475.97 | 30.21% | 34.02% |
| Quebec | $125,000.00 | $43,233.74 | $81,766.26 | 30.37% | 34.59% |
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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