2023 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$42,481.40
Salary
$42,481.40
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$8,366.88
Federal Tax
$3,511.01
Provincial Tax
$1,844.03
CPP Contributions
$2,319.39
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$692.45
Net Pay
$34,114.52
Marginal Tax Rate
18.65%
Average Tax Rate
12.61%
Comprehensive Deduction Rate
19.7%
Monthly Salary
Total Income
$3,540.12
Salary
$3,540.12
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$697.24
Federal Tax
$292.58
Provincial Tax
$153.67
CPP Contributions
$193.28
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$57.70
Net Pay
$2,842.88
Marginal Tax Rate
18.65%
Average Tax Rate
12.61%
Comprehensive Deduction Rate
19.7%
Biweekly Salary
Total Income
$1,633.90
Salary
$1,633.90
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$321.80
Federal Tax
$135.04
Provincial Tax
$70.92
CPP Contributions
$89.21
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$26.63
Net Pay
$1,312.10
Marginal Tax Rate
18.65%
Average Tax Rate
12.61%
Comprehensive Deduction Rate
19.7%
Weekly Salary
Total Income
$816.95
Salary
$816.95
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$160.90
Federal Tax
$67.52
Provincial Tax
$35.46
CPP Contributions
$44.60
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$13.32
Net Pay
$656.05
Marginal Tax Rate
18.65%
Average Tax Rate
12.61%
Comprehensive Deduction Rate
19.7%
Daily Salary
Total Income
$163.39
Salary
$163.39
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$32.18
Federal Tax
$13.50
Provincial Tax
$7.09
CPP Contributions
$8.92
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$2.66
Net Pay
$131.21
Marginal Tax Rate
18.65%
Average Tax Rate
12.61%
Comprehensive Deduction Rate
19.7%
Hourly Salary
Total Income
$21.79
Salary
$21.79
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$4.29
Federal Tax
$1.80
Provincial Tax
$0.95
CPP Contributions
$1.19
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.36
Net Pay
$17.49
Marginal Tax Rate
18.65%
Average Tax Rate
12.61%
Comprehensive Deduction Rate
19.7%
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
$42,481.40
Total Deductions
$7,384.64
Net Pay
$35,096.76
Average Tax Rate
10.29%
Comprehensive Deduction Rate
17.38%
Total Income
$42,481.40
Total Deductions
$7,872.56
Net Pay
$34,608.84
Average Tax Rate
11.44%
Comprehensive Deduction Rate
18.53%
Total Income
$42,481.40
Total Deductions
$7,913.77
Net Pay
$34,567.63
Average Tax Rate
11.54%
Comprehensive Deduction Rate
18.63%
Total Income
$42,481.40
Total Deductions
$8,001.35
Net Pay
$34,480.05
Average Tax Rate
11.75%
Comprehensive Deduction Rate
18.83%
Total Income
$42,481.40
Total Deductions
$8,366.88
Net Pay
$34,114.52
Average Tax Rate
12.61%
Comprehensive Deduction Rate
19.7%
Total Income
$42,481.40
Total Deductions
$8,369.51
Net Pay
$34,111.89
Average Tax Rate
12.61%
Comprehensive Deduction Rate
19.7%
Total Income
$42,481.40
Total Deductions
$8,812.75
Net Pay
$33,668.65
Average Tax Rate
13.66%
Comprehensive Deduction Rate
20.74%
Total Income
$42,481.40
Total Deductions
$9,061.94
Net Pay
$33,419.46
Average Tax Rate
14.24%
Comprehensive Deduction Rate
21.33%
Total Income
$42,481.40
Total Deductions
$9,112.39
Net Pay
$33,369.01
Average Tax Rate
14.36%
Comprehensive Deduction Rate
21.45%
Total Income
$42,481.40
Total Deductions
$9,275.95
Net Pay
$33,205.45
Average Tax Rate
14.75%
Comprehensive Deduction Rate
21.84%
Total Income
$42,481.40
Total Deductions
$9,635.12
Net Pay
$32,846.28
Average Tax Rate
15.59%
Comprehensive Deduction Rate
22.68%
Total Income
$42,481.40
Total Deductions
$9,733.99
Net Pay
$32,747.41
Average Tax Rate
15.28%
Comprehensive Deduction Rate
22.91%
Total Income
$42,481.40
Total Deductions
$9,869.10
Net Pay
$32,612.30
Average Tax Rate
16.14%
Comprehensive Deduction Rate
23.23%
| Region | Total Income | Total Deductions | Net Pay | Avg. Tax Rate | Comp. Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $42,481.40 | $7,384.64 | $35,096.76 | 10.29% | 17.38% |
| Northwest Territories | $42,481.40 | $7,872.56 | $34,608.84 | 11.44% | 18.53% |
| British Columbia | $42,481.40 | $7,913.77 | $34,567.63 | 11.54% | 18.63% |
| Yukon | $42,481.40 | $8,001.35 | $34,480.05 | 11.75% | 18.83% |
| Ontario | $42,481.40 | $8,366.88 | $34,114.52 | 12.61% | 19.7% |
| Alberta | $42,481.40 | $8,369.51 | $34,111.89 | 12.61% | 19.7% |
| Saskatchewan | $42,481.40 | $8,812.75 | $33,668.65 | 13.66% | 20.74% |
| New Brunswick | $42,481.40 | $9,061.94 | $33,419.46 | 14.24% | 21.33% |
| Newfoundland and Labrador | $42,481.40 | $9,112.39 | $33,369.01 | 14.36% | 21.45% |
| Manitoba | $42,481.40 | $9,275.95 | $33,205.45 | 14.75% | 21.84% |
| Prince Edward Island | $42,481.40 | $9,635.12 | $32,846.28 | 15.59% | 22.68% |
| Quebec | $42,481.40 | $9,733.99 | $32,747.41 | 15.28% | 22.91% |
| Nova Scotia | $42,481.40 | $9,869.10 | $32,612.30 | 16.14% | 23.23% |
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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