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2023 Ontario Income Tax Calculator

Calculate your take-home pay after tax.

Your Results

Yearly Salary
Total Income $40,000.00
Salary $40,000.00
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $7,716.07
Federal Tax $3,164.10
Provincial Tax $1,728.22
CPP Contributions $2,171.75
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $652.00
Net Pay $32,283.93
Marginal Tax Rate 18.65%
Average Tax Rate 12.23%
Comprehensive Deduction Rate 19.29%
$40,000.00 a year is how much per hour?
What is the minimum wage in Ontario in 2024?
Monthly Salary
Total Income $3,333.33
Salary $3,333.33
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $643.01
Federal Tax $263.68
Provincial Tax $144.02
CPP Contributions $180.98
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $54.33
Net Pay $2,690.33
Marginal Tax Rate 18.65%
Average Tax Rate 12.23%
Comprehensive Deduction Rate 19.29%
$3,333.33 a month is how much per year?
What is the minimum wage in Ontario in 2024?
Biweekly Salary
Total Income $1,538.46
Salary $1,538.46
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $296.77
Federal Tax $121.70
Provincial Tax $66.47
CPP Contributions $83.53
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $25.08
Net Pay $1,241.69
Marginal Tax Rate 18.65%
Average Tax Rate 12.23%
Comprehensive Deduction Rate 19.29%
$1,538.46 per two weeks is how much per year?
What is the minimum wage in Ontario in 2024?
Weekly Salary
Total Income $769.23
Salary $769.23
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $148.39
Federal Tax $60.85
Provincial Tax $33.24
CPP Contributions $41.76
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $12.54
Net Pay $620.84
Marginal Tax Rate 18.65%
Average Tax Rate 12.23%
Comprehensive Deduction Rate 19.29%
$769.23 a week is how much per year?
What is the minimum wage in Ontario in 2024?
Daily Salary
Total Income $153.85
Salary $153.85
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $29.68
Federal Tax $12.17
Provincial Tax $6.65
CPP Contributions $8.35
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $2.51
Net Pay $124.17
Marginal Tax Rate 18.65%
Average Tax Rate 12.23%
Comprehensive Deduction Rate 19.29%
$153.85 a day is how much per year?
What is the minimum wage in Ontario in 2024?
Hourly Salary
Total Income $20.51
Salary $20.51
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $3.96
Federal Tax $1.62
Provincial Tax $0.89
CPP Contributions $1.11
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $0.33
Net Pay $16.56
Marginal Tax Rate 18.65%
Average Tax Rate 12.23%
Comprehensive Deduction Rate 19.29%
$20.51 an hour is how much per year?
What is the minimum wage in Ontario in 2024?

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 $40,000.00
Total Deductions $6,757.90
Net Pay $33,242.10
Average Tax Rate 9.84%
Comprehensive Deduction Rate 16.89%
Total Income $40,000.00
Total Deductions $7,202.26
Net Pay $32,797.74
Average Tax Rate 10.95%
Comprehensive Deduction Rate 18.01%
Total Income $40,000.00
Total Deductions $7,262.73
Net Pay $32,737.27
Average Tax Rate 11.1%
Comprehensive Deduction Rate 18.16%
Total Income $40,000.00
Total Deductions $7,319.58
Net Pay $32,680.42
Average Tax Rate 11.24%
Comprehensive Deduction Rate 18.3%
Total Income $40,000.00
Total Deductions $7,605.17
Net Pay $32,394.83
Average Tax Rate 11.95%
Comprehensive Deduction Rate 19.01%
Total Income $40,000.00
Total Deductions $7,716.07
Net Pay $32,283.93
Average Tax Rate 12.23%
Comprehensive Deduction Rate 19.29%
Total Income $40,000.00
Total Deductions $8,036.95
Net Pay $31,963.05
Average Tax Rate 13.03%
Comprehensive Deduction Rate 20.09%
Total Income $40,000.00
Total Deductions $8,311.37
Net Pay $31,688.63
Average Tax Rate 13.72%
Comprehensive Deduction Rate 20.78%
Total Income $40,000.00
Total Deductions $8,318.95
Net Pay $31,681.05
Average Tax Rate 13.74%
Comprehensive Deduction Rate 20.8%
Total Income $40,000.00
Total Deductions $8,444.88
Net Pay $31,555.12
Average Tax Rate 14.05%
Comprehensive Deduction Rate 21.11%
Total Income $40,000.00
Total Deductions $8,776.12
Net Pay $31,223.88
Average Tax Rate 14.88%
Comprehensive Deduction Rate 21.94%
Total Income $40,000.00
Total Deductions $8,872.79
Net Pay $31,127.21
Average Tax Rate 14.58%
Comprehensive Deduction Rate 22.18%
Total Income $40,000.00
Total Deductions $8,966.57
Net Pay $31,033.43
Average Tax Rate 15.36%
Comprehensive Deduction Rate 22.42%
Region Total Income Total Deductions Net Pay Average Tax Rate Comprehensive Deduction Rate
Nunavut $40,000.00 $6,757.90 $33,242.10 9.84% 16.89%
Northwest Territories $40,000.00 $7,202.26 $32,797.74 10.95% 18.01%
British Columbia $40,000.00 $7,262.73 $32,737.27 11.1% 18.16%
Yukon $40,000.00 $7,319.58 $32,680.42 11.24% 18.3%
Alberta $40,000.00 $7,605.17 $32,394.83 11.95% 19.01%
Ontario $40,000.00 $7,716.07 $32,283.93 12.23% 19.29%
Saskatchewan $40,000.00 $8,036.95 $31,963.05 13.03% 20.09%
New Brunswick $40,000.00 $8,311.37 $31,688.63 13.72% 20.78%
Newfoundland and Labrador $40,000.00 $8,318.95 $31,681.05 13.74% 20.8%
Manitoba $40,000.00 $8,444.88 $31,555.12 14.05% 21.11%
Prince Edward Island $40,000.00 $8,776.12 $31,223.88 14.88% 21.94%
Quebec $40,000.00 $8,872.79 $31,127.21 14.58% 22.18%
Nova Scotia $40,000.00 $8,966.57 $31,033.43 15.36% 22.42%
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.