2023 Ontario Income Tax Calculator

Calculate your take-home pay after tax.

Province/Territory

Tax Year

Salary

Rate

Work Hours per Day

Bonus

Commission

Pension Income

Taxable Benefit

RRSP

Your Results

Yearly Salary

Total Income $48,001.20

Salary $48,001.20

Total Deductions $9,814.89

Federal Tax $4,282.70

Provincial Tax $2,101.95

CPP Contributions $2,647.82

EI Premiums $782.42

Net Pay $38,186.31

Marginal Tax Rate 43.65%

Average Tax Rate 13.3%

Comprehensive Deduction Rate 20.45%

$48,001.20 a year is how much per hour?
What is the minimum wage in Ontario in 2025?

Monthly Salary

Total Income $4,000.10

Salary $4,000.10

Total Deductions $817.91

Federal Tax $356.89

Provincial Tax $175.16

CPP Contributions $220.65

EI Premiums $65.20

Net Pay $3,182.19

Marginal Tax Rate 43.65%

Average Tax Rate 13.3%

Comprehensive Deduction Rate 20.45%

$4,000.10 a month is how much per year?
What is the minimum wage in Ontario in 2025?

Biweekly Salary

Total Income $1,846.20

Salary $1,846.20

Total Deductions $377.50

Federal Tax $164.72

Provincial Tax $80.84

CPP Contributions $101.84

EI Premiums $30.09

Net Pay $1,468.70

Marginal Tax Rate 43.65%

Average Tax Rate 13.3%

Comprehensive Deduction Rate 20.45%

$1,846.20 per two weeks is how much per year?
What is the minimum wage in Ontario in 2025?

Weekly Salary

Total Income $923.10

Salary $923.10

Total Deductions $188.75

Federal Tax $82.36

Provincial Tax $40.42

CPP Contributions $50.92

EI Premiums $15.05

Net Pay $734.35

Marginal Tax Rate 43.65%

Average Tax Rate 13.3%

Comprehensive Deduction Rate 20.45%

$923.10 a week is how much per year?
What is the minimum wage in Ontario in 2025?

Daily Salary

Total Income $184.62

Salary $184.62

Total Deductions $37.75

Federal Tax $16.47

Provincial Tax $8.08

CPP Contributions $10.18

EI Premiums $3.01

Net Pay $146.87

Marginal Tax Rate 43.65%

Average Tax Rate 13.3%

Comprehensive Deduction Rate 20.45%

$184.62 a day is how much per year?
What is the minimum wage in Ontario in 2025?

Hourly Salary

Total Income $24.62

Salary $24.62

Total Deductions $5.03

Federal Tax $2.20

Provincial Tax $1.08

CPP Contributions $1.36

EI Premiums $0.40

Net Pay $19.58

Marginal Tax Rate 43.65%

Average Tax Rate 13.3%

Comprehensive Deduction Rate 20.45%

$24.62 an hour is how much per year?
What is the minimum wage in Ontario in 2025?

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

Nunavut

Total Income $48,001.20

Total Deductions $8,778.78

Net Pay $39,222.42

Average Tax Rate 11.14%

Comprehensive Deduction Rate 18.29%

Northwest Territories

Total Income $48,001.20

Total Deductions $9,363.64

Net Pay $38,637.56

Average Tax Rate 12.36%

Comprehensive Deduction Rate 19.51%

British Columbia

Total Income $48,001.20

Total Deductions $9,424.22

Net Pay $38,576.98

Average Tax Rate 12.49%

Comprehensive Deduction Rate 19.63%

Yukon

Total Income $48,001.20

Total Deductions $9,517.93

Net Pay $38,483.27

Average Tax Rate 12.68%

Comprehensive Deduction Rate 19.83%

Ontario

Total Income $48,001.20

Total Deductions $9,814.89

Net Pay $38,186.31

Average Tax Rate 13.3%

Comprehensive Deduction Rate 20.45%

Alberta

Total Income $48,001.20

Total Deductions $10,069.74

Net Pay $37,931.46

Average Tax Rate 13.83%

Comprehensive Deduction Rate 20.98%

Saskatchewan

Total Income $48,001.20

Total Deductions $10,538.48

Net Pay $37,462.72

Average Tax Rate 14.81%

Comprehensive Deduction Rate 21.95%

New Brunswick

Total Income $48,001.20

Total Deductions $10,744.62

Net Pay $37,256.58

Average Tax Rate 15.24%

Comprehensive Deduction Rate 22.38%

Newfoundland and Labrador

Total Income $48,001.20

Total Deductions $11,066.45

Net Pay $36,934.75

Average Tax Rate 15.91%

Comprehensive Deduction Rate 23.05%

Manitoba

Total Income $48,001.20

Total Deductions $11,124.62

Net Pay $36,876.58

Average Tax Rate 16.03%

Comprehensive Deduction Rate 23.18%

Prince Edward Island

Total Income $48,001.20

Total Deductions $11,545.95

Net Pay $36,455.25

Average Tax Rate 16.91%

Comprehensive Deduction Rate 24.05%

Quebec

Total Income $48,001.20

Total Deductions $11,649.74

Net Pay $36,351.46

Average Tax Rate 16.57%

Comprehensive Deduction Rate 24.27%

Nova Scotia

Total Income $48,001.20

Total Deductions $11,876.73

Net Pay $36,124.47

Average Tax Rate 17.6%

Comprehensive Deduction Rate 24.74%

Region	Total Income	Total Deductions	Net Pay	Avg. Tax Rate	Comp. Deduction Rate
Nunavut	$48,001.20	$8,778.78	$39,222.42	11.14%	18.29%
Northwest Territories	$48,001.20	$9,363.64	$38,637.56	12.36%	19.51%
British Columbia	$48,001.20	$9,424.22	$38,576.98	12.49%	19.63%
Yukon	$48,001.20	$9,517.93	$38,483.27	12.68%	19.83%
Ontario	$48,001.20	$9,814.89	$38,186.31	13.3%	20.45%
Alberta	$48,001.20	$10,069.74	$37,931.46	13.83%	20.98%
Saskatchewan	$48,001.20	$10,538.48	$37,462.72	14.81%	21.95%
New Brunswick	$48,001.20	$10,744.62	$37,256.58	15.24%	22.38%
Newfoundland and Labrador	$48,001.20	$11,066.45	$36,934.75	15.91%	23.05%
Manitoba	$48,001.20	$11,124.62	$36,876.58	16.03%	23.18%
Prince Edward Island	$48,001.20	$11,545.95	$36,455.25	16.91%	24.05%
Quebec	$48,001.20	$11,649.74	$36,351.46	16.57%	24.27%
Nova Scotia	$48,001.20	$11,876.73	$36,124.47	17.6%	24.74%

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.