2023 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$71,955.00
Salary
$71,955.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$17,860.52
Federal Tax
$8,761.77
Provincial Tax
$4,341.85
CPP Contributions
$3,754.45
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$1,002.45
Net Pay
$54,094.48
Marginal Tax Rate
43.4%
Average Tax Rate
18.21%
Comprehensive Deduction Rate
24.82%
Monthly Salary
Total Income
$5,996.25
Salary
$5,996.25
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,488.38
Federal Tax
$730.15
Provincial Tax
$361.82
CPP Contributions
$312.87
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$83.54
Net Pay
$4,507.87
Marginal Tax Rate
43.4%
Average Tax Rate
18.21%
Comprehensive Deduction Rate
24.82%
Biweekly Salary
Total Income
$2,767.50
Salary
$2,767.50
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$686.94
Federal Tax
$336.99
Provincial Tax
$166.99
CPP Contributions
$144.40
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$38.56
Net Pay
$2,080.56
Marginal Tax Rate
43.4%
Average Tax Rate
18.21%
Comprehensive Deduction Rate
24.82%
Weekly Salary
Total Income
$1,383.75
Salary
$1,383.75
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$343.47
Federal Tax
$168.50
Provincial Tax
$83.50
CPP Contributions
$72.20
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$19.28
Net Pay
$1,040.28
Marginal Tax Rate
43.4%
Average Tax Rate
18.21%
Comprehensive Deduction Rate
24.82%
Daily Salary
Total Income
$276.75
Salary
$276.75
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$68.69
Federal Tax
$33.70
Provincial Tax
$16.70
CPP Contributions
$14.44
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$3.86
Net Pay
$208.06
Marginal Tax Rate
43.4%
Average Tax Rate
18.21%
Comprehensive Deduction Rate
24.82%
Hourly Salary
Total Income
$36.90
Salary
$36.90
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$9.16
Federal Tax
$4.49
Provincial Tax
$2.23
CPP Contributions
$1.93
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.51
Net Pay
$27.74
Marginal Tax Rate
43.4%
Average Tax Rate
18.21%
Comprehensive Deduction Rate
24.82%
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% |
Annual Income Tax by Province/Territory
Total Income
$71,955.00
Total Deductions
$16,134.42
Net Pay
$55,820.58
Average Tax Rate
15.81%
Comprehensive Deduction Rate
22.42%
Total Income
$71,955.00
Total Deductions
$17,022.67
Net Pay
$54,932.33
Average Tax Rate
17.05%
Comprehensive Deduction Rate
23.66%
Total Income
$71,955.00
Total Deductions
$17,160.11
Net Pay
$54,794.89
Average Tax Rate
17.24%
Comprehensive Deduction Rate
23.85%
Total Income
$71,955.00
Total Deductions
$17,275.11
Net Pay
$54,679.89
Average Tax Rate
17.4%
Comprehensive Deduction Rate
24.01%
Total Income
$71,955.00
Total Deductions
$17,860.52
Net Pay
$54,094.48
Average Tax Rate
18.21%
Comprehensive Deduction Rate
24.82%
Total Income
$71,955.00
Total Deductions
$18,168.62
Net Pay
$53,786.38
Average Tax Rate
18.64%
Comprehensive Deduction Rate
25.25%
Total Income
$71,955.00
Total Deductions
$19,197.12
Net Pay
$52,757.88
Average Tax Rate
20.07%
Comprehensive Deduction Rate
26.68%
Total Income
$71,955.00
Total Deductions
$19,807.78
Net Pay
$52,147.22
Average Tax Rate
20.92%
Comprehensive Deduction Rate
27.53%
Total Income
$71,955.00
Total Deductions
$19,874.06
Net Pay
$52,080.94
Average Tax Rate
21.01%
Comprehensive Deduction Rate
27.62%
Total Income
$71,955.00
Total Deductions
$20,256.55
Net Pay
$51,698.45
Average Tax Rate
21.54%
Comprehensive Deduction Rate
28.15%
Total Income
$71,955.00
Total Deductions
$20,788.81
Net Pay
$51,166.19
Average Tax Rate
22.28%
Comprehensive Deduction Rate
28.89%
Total Income
$71,955.00
Total Deductions
$21,519.65
Net Pay
$50,435.35
Average Tax Rate
23.3%
Comprehensive Deduction Rate
29.91%
Total Income
$71,955.00
Total Deductions
$21,544.11
Net Pay
$50,410.89
Average Tax Rate
22.75%
Comprehensive Deduction Rate
29.94%
| Region | Total Income | Total Deductions | Net Pay | Avg. Tax Rate | Comp. Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $71,955.00 | $16,134.42 | $55,820.58 | 15.81% | 22.42% |
| British Columbia | $71,955.00 | $17,022.67 | $54,932.33 | 17.05% | 23.66% |
| Northwest Territories | $71,955.00 | $17,160.11 | $54,794.89 | 17.24% | 23.85% |
| Yukon | $71,955.00 | $17,275.11 | $54,679.89 | 17.4% | 24.01% |
| Ontario | $71,955.00 | $17,860.52 | $54,094.48 | 18.21% | 24.82% |
| Alberta | $71,955.00 | $18,168.62 | $53,786.38 | 18.64% | 25.25% |
| Saskatchewan | $71,955.00 | $19,197.12 | $52,757.88 | 20.07% | 26.68% |
| New Brunswick | $71,955.00 | $19,807.78 | $52,147.22 | 20.92% | 27.53% |
| Manitoba | $71,955.00 | $19,874.06 | $52,080.94 | 21.01% | 27.62% |
| Newfoundland and Labrador | $71,955.00 | $20,256.55 | $51,698.45 | 21.54% | 28.15% |
| Prince Edward Island | $71,955.00 | $20,788.81 | $51,166.19 | 22.28% | 28.89% |
| Nova Scotia | $71,955.00 | $21,519.65 | $50,435.35 | 23.3% | 29.91% |
| Quebec | $71,955.00 | $21,544.11 | $50,410.89 | 22.75% | 29.94% |
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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