Job Title or Location
RECENT SEARCHES

2023 Ontario Income Tax Calculator

Calculate your take-home pay after tax.

Yearly Salary
Total Income $225,000.00
Salary $225,000.00
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00

RRSP $0.00

Total Deductions $83,471.40
Federal Tax $48,428.99
Provincial Tax $30,285.51
CPP Contributions $3,754.45
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $1,002.45

Net Pay $141,528.60

Marginal Tax Rate 49.53%
Average Tax Rate 34.98%
Comprehensive Deduction Rate 37.1%
Monthly Salary
Total Income $18,750.00
Salary $18,750.00
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00

RRSP $0.00

Total Deductions $6,955.95
Federal Tax $4,035.75
Provincial Tax $2,523.79
CPP Contributions $312.87
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $83.54

Net Pay $11,794.05

Marginal Tax Rate 49.53%
Average Tax Rate 34.98%
Comprehensive Deduction Rate 37.1%
Biweekly Salary
Total Income $8,653.85
Salary $8,653.85
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00

RRSP $0.00

Total Deductions $3,210.44
Federal Tax $1,862.65
Provincial Tax $1,164.83
CPP Contributions $144.40
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $38.56

Net Pay $5,443.41

Marginal Tax Rate 49.53%
Average Tax Rate 34.98%
Comprehensive Deduction Rate 37.1%
Weekly Salary
Total Income $4,326.92
Salary $4,326.92
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00

RRSP $0.00

Total Deductions $1,605.22
Federal Tax $931.33
Provincial Tax $582.41
CPP Contributions $72.20
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $19.28

Net Pay $2,721.70

Marginal Tax Rate 49.53%
Average Tax Rate 34.98%
Comprehensive Deduction Rate 37.1%
Daily Salary
Total Income $865.38
Salary $865.38
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00

RRSP $0.00

Total Deductions $321.04
Federal Tax $186.27
Provincial Tax $116.48
CPP Contributions $14.44
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $3.86

Net Pay $544.34

Marginal Tax Rate 49.53%
Average Tax Rate 34.98%
Comprehensive Deduction Rate 37.1%
Hourly Salary
Total Income $115.38
Salary $115.38
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00

RRSP $0.00

Total Deductions $42.81
Federal Tax $24.84
Provincial Tax $15.53
CPP Contributions $1.93
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $0.51

Net Pay $72.58

Marginal Tax Rate 49.53%
Average Tax Rate 34.98%
Comprehensive Deduction Rate 37.1%

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 $225,000.00
Total Deductions $70,468.79
Net Pay $154,531.21
Average Tax Rate 29.21%
Comprehensive Deduction Rate 31.32%
Total Income $225,000.00
Total Deductions $74,095.38
Net Pay $150,904.62
Average Tax Rate 30.82%
Comprehensive Deduction Rate 32.93%
Total Income $225,000.00
Total Deductions $75,337.34
Net Pay $149,662.66
Average Tax Rate 31.37%
Comprehensive Deduction Rate 33.48%
Total Income $225,000.00
Total Deductions $75,865.70
Net Pay $149,134.30
Average Tax Rate 31.6%
Comprehensive Deduction Rate 33.72%
Total Income $225,000.00
Total Deductions $77,823.35
Net Pay $147,176.65
Average Tax Rate 32.47%
Comprehensive Deduction Rate 34.59%
Total Income $225,000.00
Total Deductions $79,652.96
Net Pay $145,347.04
Average Tax Rate 33.29%
Comprehensive Deduction Rate 35.4%
Total Income $225,000.00
Total Deductions $83,471.40
Net Pay $141,528.60
Average Tax Rate 34.98%
Comprehensive Deduction Rate 37.1%
Total Income $225,000.00
Total Deductions $85,181.30
Net Pay $139,818.70
Average Tax Rate 35.74%
Comprehensive Deduction Rate 37.86%
Total Income $225,000.00
Total Deductions $85,814.02
Net Pay $139,185.98
Average Tax Rate 36.03%
Comprehensive Deduction Rate 38.14%
Total Income $225,000.00
Total Deductions $85,857.29
Net Pay $139,142.71
Average Tax Rate 36.04%
Comprehensive Deduction Rate 38.16%
Total Income $225,000.00
Total Deductions $88,047.41
Net Pay $136,952.59
Average Tax Rate 37.02%
Comprehensive Deduction Rate 39.13%
Total Income $225,000.00
Total Deductions $90,436.03
Net Pay $134,563.97
Average Tax Rate 38.08%
Comprehensive Deduction Rate 40.19%
Total Income $225,000.00
Total Deductions $92,185.88
Net Pay $132,814.12
Average Tax Rate 38.63%
Comprehensive Deduction Rate 40.97%
Region Total Income Total Deductions Net Pay Average Tax Rate Comprehensive Deduction Rate
Nunavut $225,000.00 $70,468.79 $154,531.21 29.21% 31.32%
Yukon $225,000.00 $74,095.38 $150,904.62 30.82% 32.93%
Alberta $225,000.00 $75,337.34 $149,662.66 31.37% 33.48%
Northwest Territories $225,000.00 $75,865.70 $149,134.30 31.6% 33.72%
British Columbia $225,000.00 $77,823.35 $147,176.65 32.47% 34.59%
Saskatchewan $225,000.00 $79,652.96 $145,347.04 33.29% 35.4%
Ontario $225,000.00 $83,471.40 $141,528.60 34.98% 37.1%
New Brunswick $225,000.00 $85,181.30 $139,818.70 35.74% 37.86%
Manitoba $225,000.00 $85,814.02 $139,185.98 36.03% 38.14%
Newfoundland and Labrador $225,000.00 $85,857.29 $139,142.71 36.04% 38.16%
Prince Edward Island $225,000.00 $88,047.41 $136,952.59 37.02% 39.13%
Nova Scotia $225,000.00 $90,436.03 $134,563.97 38.08% 40.19%
Quebec $225,000.00 $92,185.88 $132,814.12 38.63% 40.97%
This tool was designed to for approximation purposes only and should not be used to replace legal or accounting authority. For the purpose 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.