2023 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$174,000.00
Salary
$174,000.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$58,778.91
Federal Tax
$33,638.99
Provincial Tax
$20,383.02
CPP Contributions
$3,754.45
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$1,002.45
Net Pay
$115,221.09
Marginal Tax Rate
47.97%
Average Tax Rate
31.05%
Comprehensive Deduction Rate
33.78%
Monthly Salary
Total Income
$14,500.00
Salary
$14,500.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$4,898.24
Federal Tax
$2,803.25
Provincial Tax
$1,698.59
CPP Contributions
$312.87
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$83.54
Net Pay
$9,601.76
Marginal Tax Rate
47.97%
Average Tax Rate
31.05%
Comprehensive Deduction Rate
33.78%
Biweekly Salary
Total Income
$6,692.31
Salary
$6,692.31
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$2,260.73
Federal Tax
$1,293.81
Provincial Tax
$783.96
CPP Contributions
$144.40
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$38.56
Net Pay
$4,431.58
Marginal Tax Rate
47.97%
Average Tax Rate
31.05%
Comprehensive Deduction Rate
33.78%
Weekly Salary
Total Income
$3,346.15
Salary
$3,346.15
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,130.36
Federal Tax
$646.90
Provincial Tax
$391.98
CPP Contributions
$72.20
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$19.28
Net Pay
$2,215.79
Marginal Tax Rate
47.97%
Average Tax Rate
31.05%
Comprehensive Deduction Rate
33.78%
Daily Salary
Total Income
$669.23
Salary
$669.23
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$226.07
Federal Tax
$129.38
Provincial Tax
$78.40
CPP Contributions
$14.44
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$3.86
Net Pay
$443.16
Marginal Tax Rate
47.97%
Average Tax Rate
31.05%
Comprehensive Deduction Rate
33.78%
Hourly Salary
Total Income
$89.23
Salary
$89.23
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$30.14
Federal Tax
$17.25
Provincial Tax
$10.45
CPP Contributions
$1.93
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.51
Net Pay
$59.09
Marginal Tax Rate
47.97%
Average Tax Rate
31.05%
Comprehensive Deduction Rate
33.78%
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
$174,000.00
Total Deductions
$49,813.79
Net Pay
$124,186.21
Average Tax Rate
25.89%
Comprehensive Deduction Rate
28.63%
Total Income
$174,000.00
Total Deductions
$52,777.38
Net Pay
$121,222.62
Average Tax Rate
27.6%
Comprehensive Deduction Rate
30.33%
Total Income
$174,000.00
Total Deductions
$53,910.20
Net Pay
$120,089.80
Average Tax Rate
28.25%
Comprehensive Deduction Rate
30.98%
Total Income
$174,000.00
Total Deductions
$53,917.34
Net Pay
$120,082.66
Average Tax Rate
28.25%
Comprehensive Deduction Rate
30.99%
Total Income
$174,000.00
Total Deductions
$54,465.35
Net Pay
$119,534.65
Average Tax Rate
28.57%
Comprehensive Deduction Rate
31.3%
Total Income
$174,000.00
Total Deductions
$57,467.96
Net Pay
$116,532.04
Average Tax Rate
30.29%
Comprehensive Deduction Rate
33.03%
Total Income
$174,000.00
Total Deductions
$58,778.91
Net Pay
$115,221.09
Average Tax Rate
31.05%
Comprehensive Deduction Rate
33.78%
Total Income
$174,000.00
Total Deductions
$60,542.30
Net Pay
$113,457.70
Average Tax Rate
32.06%
Comprehensive Deduction Rate
34.79%
Total Income
$174,000.00
Total Deductions
$61,634.29
Net Pay
$112,365.71
Average Tax Rate
32.69%
Comprehensive Deduction Rate
35.42%
Total Income
$174,000.00
Total Deductions
$62,150.02
Net Pay
$111,849.98
Average Tax Rate
32.98%
Comprehensive Deduction Rate
35.72%
Total Income
$174,000.00
Total Deductions
$63,888.71
Net Pay
$110,111.29
Average Tax Rate
33.98%
Comprehensive Deduction Rate
36.72%
Total Income
$174,000.00
Total Deductions
$64,936.03
Net Pay
$109,063.97
Average Tax Rate
34.59%
Comprehensive Deduction Rate
37.32%
Total Income
$174,000.00
Total Deductions
$66,703.73
Net Pay
$107,296.27
Average Tax Rate
35.31%
Comprehensive Deduction Rate
38.34%
| Region | Total Income | Total Deductions | Net Pay | Average Tax Rate | Comprehensive Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $174,000.00 | $49,813.79 | $124,186.21 | 25.89% | 28.63% |
| Yukon | $174,000.00 | $52,777.38 | $121,222.62 | 27.6% | 30.33% |
| Northwest Territories | $174,000.00 | $53,910.20 | $120,089.80 | 28.25% | 30.98% |
| Alberta | $174,000.00 | $53,917.34 | $120,082.66 | 28.25% | 30.99% |
| British Columbia | $174,000.00 | $54,465.35 | $119,534.65 | 28.57% | 31.3% |
| Saskatchewan | $174,000.00 | $57,467.96 | $116,532.04 | 30.29% | 33.03% |
| Ontario | $174,000.00 | $58,778.91 | $115,221.09 | 31.05% | 33.78% |
| New Brunswick | $174,000.00 | $60,542.30 | $113,457.70 | 32.06% | 34.79% |
| Newfoundland and Labrador | $174,000.00 | $61,634.29 | $112,365.71 | 32.69% | 35.42% |
| Manitoba | $174,000.00 | $62,150.02 | $111,849.98 | 32.98% | 35.72% |
| Prince Edward Island | $174,000.00 | $63,888.71 | $110,111.29 | 33.98% | 36.72% |
| Nova Scotia | $174,000.00 | $64,936.03 | $109,063.97 | 34.59% | 37.32% |
| Quebec | $174,000.00 | $66,703.73 | $107,296.27 | 35.31% | 38.34% |
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.