2023 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$49,400.00
Salary
$49,400.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$10,338.87
Federal Tax
$4,478.26
Provincial Tax
$2,324.34
CPP Contributions
$2,731.05
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$805.22
Net Pay
$39,061.13
Marginal Tax Rate
22.75%
Average Tax Rate
13.77%
Comprehensive Deduction Rate
20.93%
Monthly Salary
Total Income
$4,116.67
Salary
$4,116.67
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$861.57
Federal Tax
$373.19
Provincial Tax
$193.70
CPP Contributions
$227.59
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$67.10
Net Pay
$3,255.09
Marginal Tax Rate
22.75%
Average Tax Rate
13.77%
Comprehensive Deduction Rate
20.93%
Biweekly Salary
Total Income
$1,900.00
Salary
$1,900.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$397.65
Federal Tax
$172.24
Provincial Tax
$89.40
CPP Contributions
$105.04
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$30.97
Net Pay
$1,502.35
Marginal Tax Rate
22.75%
Average Tax Rate
13.77%
Comprehensive Deduction Rate
20.93%
Weekly Salary
Total Income
$950.00
Salary
$950.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$198.82
Federal Tax
$86.12
Provincial Tax
$44.70
CPP Contributions
$52.52
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$15.49
Net Pay
$751.18
Marginal Tax Rate
22.75%
Average Tax Rate
13.77%
Comprehensive Deduction Rate
20.93%
Daily Salary
Total Income
$190.00
Salary
$190.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$39.76
Federal Tax
$17.22
Provincial Tax
$8.94
CPP Contributions
$10.50
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$3.10
Net Pay
$150.24
Marginal Tax Rate
22.75%
Average Tax Rate
13.77%
Comprehensive Deduction Rate
20.93%
Hourly Salary
Total Income
$25.33
Salary
$25.33
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$5.30
Federal Tax
$2.30
Provincial Tax
$1.19
CPP Contributions
$1.40
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.41
Net Pay
$20.03
Marginal Tax Rate
22.75%
Average Tax Rate
13.77%
Comprehensive Deduction Rate
20.93%
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
$49,400.00
Total Deductions
$9,132.08
Net Pay
$40,267.92
Average Tax Rate
11.33%
Comprehensive Deduction Rate
18.49%
Total Income
$49,400.00
Total Deductions
$9,770.30
Net Pay
$39,629.70
Average Tax Rate
12.62%
Comprehensive Deduction Rate
19.78%
Total Income
$49,400.00
Total Deductions
$9,828.15
Net Pay
$39,571.85
Average Tax Rate
12.74%
Comprehensive Deduction Rate
19.9%
Total Income
$49,400.00
Total Deductions
$9,902.26
Net Pay
$39,497.74
Average Tax Rate
12.89%
Comprehensive Deduction Rate
20.05%
Total Income
$49,400.00
Total Deductions
$10,338.87
Net Pay
$39,061.13
Average Tax Rate
13.77%
Comprehensive Deduction Rate
20.93%
Total Income
$49,400.00
Total Deductions
$10,500.60
Net Pay
$38,899.40
Average Tax Rate
14.1%
Comprehensive Deduction Rate
21.26%
Total Income
$49,400.00
Total Deductions
$10,975.81
Net Pay
$38,424.19
Average Tax Rate
15.06%
Comprehensive Deduction Rate
22.22%
Total Income
$49,400.00
Total Deductions
$11,232.07
Net Pay
$38,167.93
Average Tax Rate
15.58%
Comprehensive Deduction Rate
22.74%
Total Income
$49,400.00
Total Deductions
$11,561.64
Net Pay
$37,838.36
Average Tax Rate
16.25%
Comprehensive Deduction Rate
23.4%
Total Income
$49,400.00
Total Deductions
$11,593.11
Net Pay
$37,806.89
Average Tax Rate
16.31%
Comprehensive Deduction Rate
23.47%
Total Income
$49,400.00
Total Deductions
$12,030.18
Net Pay
$37,369.82
Average Tax Rate
17.19%
Comprehensive Deduction Rate
24.35%
Total Income
$49,400.00
Total Deductions
$12,135.20
Net Pay
$37,264.80
Average Tax Rate
16.85%
Comprehensive Deduction Rate
24.57%
Total Income
$49,400.00
Total Deductions
$12,385.50
Net Pay
$37,014.50
Average Tax Rate
17.91%
Comprehensive Deduction Rate
25.07%
| Region | Total Income | Total Deductions | Net Pay | Avg. Tax Rate | Comp. Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $49,400.00 | $9,132.08 | $40,267.92 | 11.33% | 18.49% |
| Northwest Territories | $49,400.00 | $9,770.30 | $39,629.70 | 12.62% | 19.78% |
| British Columbia | $49,400.00 | $9,828.15 | $39,571.85 | 12.74% | 19.9% |
| Yukon | $49,400.00 | $9,902.26 | $39,497.74 | 12.89% | 20.05% |
| Ontario | $49,400.00 | $10,338.87 | $39,061.13 | 13.77% | 20.93% |
| Alberta | $49,400.00 | $10,500.60 | $38,899.40 | 14.1% | 21.26% |
| Saskatchewan | $49,400.00 | $10,975.81 | $38,424.19 | 15.06% | 22.22% |
| New Brunswick | $49,400.00 | $11,232.07 | $38,167.93 | 15.58% | 22.74% |
| Newfoundland and Labrador | $49,400.00 | $11,561.64 | $37,838.36 | 16.25% | 23.4% |
| Manitoba | $49,400.00 | $11,593.11 | $37,806.89 | 16.31% | 23.47% |
| Prince Edward Island | $49,400.00 | $12,030.18 | $37,369.82 | 17.19% | 24.35% |
| Quebec | $49,400.00 | $12,135.20 | $37,264.80 | 16.85% | 24.57% |
| Nova Scotia | $49,400.00 | $12,385.50 | $37,014.50 | 17.91% | 25.07% |
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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