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2023 Ontario Income Tax Calculator

Calculate your take-home pay after tax.

Yearly Salary
Total Income $42,000.00
Salary $42,000.00
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00

RRSP $0.00

Total Deductions $8,240.62
Federal Tax $3,443.71
Provincial Tax $1,821.56
CPP Contributions $2,290.75
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $684.60

Net Pay $33,759.38

Marginal Tax Rate 18.65%
Average Tax Rate 12.54%
Comprehensive Deduction Rate 19.62%
Monthly Salary
Total Income $3,500.00
Salary $3,500.00
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00

RRSP $0.00

Total Deductions $686.72
Federal Tax $286.98
Provincial Tax $151.80
CPP Contributions $190.90
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $57.05

Net Pay $2,813.28

Marginal Tax Rate 18.65%
Average Tax Rate 12.54%
Comprehensive Deduction Rate 19.62%
Biweekly Salary
Total Income $1,615.38
Salary $1,615.38
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00

RRSP $0.00

Total Deductions $316.95
Federal Tax $132.45
Provincial Tax $70.06
CPP Contributions $88.11
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $26.33

Net Pay $1,298.44

Marginal Tax Rate 18.65%
Average Tax Rate 12.54%
Comprehensive Deduction Rate 19.62%
Weekly Salary
Total Income $807.69
Salary $807.69
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00

RRSP $0.00

Total Deductions $158.47
Federal Tax $66.23
Provincial Tax $35.03
CPP Contributions $44.05
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $13.17

Net Pay $649.22

Marginal Tax Rate 18.65%
Average Tax Rate 12.54%
Comprehensive Deduction Rate 19.62%
Daily Salary
Total Income $161.54
Salary $161.54
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00

RRSP $0.00

Total Deductions $31.69
Federal Tax $13.25
Provincial Tax $7.01
CPP Contributions $8.81
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $2.63

Net Pay $129.84

Marginal Tax Rate 18.65%
Average Tax Rate 12.54%
Comprehensive Deduction Rate 19.62%
Hourly Salary
Total Income $21.54
Salary $21.54
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00

RRSP $0.00

Total Deductions $4.23
Federal Tax $1.77
Provincial Tax $0.93
CPP Contributions $1.17
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $0.35

Net Pay $17.31

Marginal Tax Rate 18.65%
Average Tax Rate 12.54%
Comprehensive Deduction Rate 19.62%

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 $42,000.00
Total Deductions $7,263.05
Net Pay $34,736.95
Average Tax Rate 10.21%
Comprehensive Deduction Rate 17.29%
Total Income $42,000.00
Total Deductions $7,742.52
Net Pay $34,257.48
Average Tax Rate 11.35%
Comprehensive Deduction Rate 18.43%
Total Income $42,000.00
Total Deductions $7,787.47
Net Pay $34,212.53
Average Tax Rate 11.46%
Comprehensive Deduction Rate 18.54%
Total Income $42,000.00
Total Deductions $7,869.09
Net Pay $34,130.91
Average Tax Rate 11.65%
Comprehensive Deduction Rate 18.74%
Total Income $42,000.00
Total Deductions $8,221.22
Net Pay $33,778.78
Average Tax Rate 12.49%
Comprehensive Deduction Rate 19.57%
Total Income $42,000.00
Total Deductions $8,240.62
Net Pay $33,759.38
Average Tax Rate 12.54%
Comprehensive Deduction Rate 19.62%
Total Income $42,000.00
Total Deductions $8,662.24
Net Pay $33,337.76
Average Tax Rate 13.54%
Comprehensive Deduction Rate 20.62%
Total Income $42,000.00
Total Deductions $8,916.33
Net Pay $33,083.67
Average Tax Rate 14.15%
Comprehensive Deduction Rate 21.23%
Total Income $42,000.00
Total Deductions $8,941.97
Net Pay $33,058.03
Average Tax Rate 14.21%
Comprehensive Deduction Rate 21.29%
Total Income $42,000.00
Total Deductions $9,114.72
Net Pay $32,885.28
Average Tax Rate 14.62%
Comprehensive Deduction Rate 21.7%
Total Income $42,000.00
Total Deductions $9,468.48
Net Pay $32,531.52
Average Tax Rate 15.46%
Comprehensive Deduction Rate 22.54%
Total Income $42,000.00
Total Deductions $9,566.92
Net Pay $32,433.08
Average Tax Rate 15.15%
Comprehensive Deduction Rate 22.78%
Total Income $42,000.00
Total Deductions $9,694.01
Net Pay $32,305.99
Average Tax Rate 16%
Comprehensive Deduction Rate 23.08%
Region Total Income Total Deductions Net Pay Average Tax Rate Comprehensive Deduction Rate
Nunavut $42,000.00 $7,263.05 $34,736.95 10.21% 17.29%
Northwest Territories $42,000.00 $7,742.52 $34,257.48 11.35% 18.43%
British Columbia $42,000.00 $7,787.47 $34,212.53 11.46% 18.54%
Yukon $42,000.00 $7,869.09 $34,130.91 11.65% 18.74%
Alberta $42,000.00 $8,221.22 $33,778.78 12.49% 19.57%
Ontario $42,000.00 $8,240.62 $33,759.38 12.54% 19.62%
Saskatchewan $42,000.00 $8,662.24 $33,337.76 13.54% 20.62%
New Brunswick $42,000.00 $8,916.33 $33,083.67 14.15% 21.23%
Newfoundland and Labrador $42,000.00 $8,941.97 $33,058.03 14.21% 21.29%
Manitoba $42,000.00 $9,114.72 $32,885.28 14.62% 21.7%
Prince Edward Island $42,000.00 $9,468.48 $32,531.52 15.46% 22.54%
Quebec $42,000.00 $9,566.92 $32,433.08 15.15% 22.78%
Nova Scotia $42,000.00 $9,694.01 $32,305.99 16% 23.08%
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.