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2023 Ontario Income Tax Calculator

Calculate your take-home pay after tax.

Yearly Salary
Total Income $55,200.00
Salary $55,200.00
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00

RRSP $0.00

Total Deductions $12,198.88
Federal Tax $5,390.13
Provincial Tax $2,832.84
CPP Contributions $3,076.15
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $899.76

Net Pay $43,001.12

Marginal Tax Rate 28.24%
Average Tax Rate 14.9%
Comprehensive Deduction Rate 22.1%
Monthly Salary
Total Income $4,600.00
Salary $4,600.00
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00

RRSP $0.00

Total Deductions $1,016.57
Federal Tax $449.18
Provincial Tax $236.07
CPP Contributions $256.35
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $74.98

Net Pay $3,583.43

Marginal Tax Rate 28.24%
Average Tax Rate 14.9%
Comprehensive Deduction Rate 22.1%
Biweekly Salary
Total Income $2,123.08
Salary $2,123.08
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00

RRSP $0.00

Total Deductions $469.19
Federal Tax $207.31
Provincial Tax $108.96
CPP Contributions $118.31
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $34.61

Net Pay $1,653.89

Marginal Tax Rate 28.24%
Average Tax Rate 14.9%
Comprehensive Deduction Rate 22.1%
Weekly Salary
Total Income $1,061.54
Salary $1,061.54
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00

RRSP $0.00

Total Deductions $234.59
Federal Tax $103.66
Provincial Tax $54.48
CPP Contributions $59.16
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $17.30

Net Pay $826.94

Marginal Tax Rate 28.24%
Average Tax Rate 14.9%
Comprehensive Deduction Rate 22.1%
Daily Salary
Total Income $212.31
Salary $212.31
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00

RRSP $0.00

Total Deductions $46.92
Federal Tax $20.73
Provincial Tax $10.90
CPP Contributions $11.83
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $3.46

Net Pay $165.39

Marginal Tax Rate 28.24%
Average Tax Rate 14.9%
Comprehensive Deduction Rate 22.1%
Hourly Salary
Total Income $28.31
Salary $28.31
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00

RRSP $0.00

Total Deductions $6.26
Federal Tax $2.76
Provincial Tax $1.45
CPP Contributions $1.58
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $0.46

Net Pay $22.05

Marginal Tax Rate 28.24%
Average Tax Rate 14.9%
Comprehensive Deduction Rate 22.1%

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 $55,200.00
Total Deductions $10,828.00
Net Pay $44,372.00
Average Tax Rate 12.41%
Comprehensive Deduction Rate 19.62%
Total Income $55,200.00
Total Deductions $11,594.67
Net Pay $43,605.33
Average Tax Rate 13.8%
Comprehensive Deduction Rate 21%
Total Income $55,200.00
Total Deductions $11,604.02
Net Pay $43,595.98
Average Tax Rate 13.82%
Comprehensive Deduction Rate 21.02%
Total Income $55,200.00
Total Deductions $11,645.03
Net Pay $43,554.97
Average Tax Rate 13.89%
Comprehensive Deduction Rate 21.1%
Total Income $55,200.00
Total Deductions $12,198.88
Net Pay $43,001.12
Average Tax Rate 14.9%
Comprehensive Deduction Rate 22.1%
Total Income $55,200.00
Total Deductions $12,388.15
Net Pay $42,811.85
Average Tax Rate 15.24%
Comprehensive Deduction Rate 22.44%
Total Income $55,200.00
Total Deductions $13,000.16
Net Pay $42,199.84
Average Tax Rate 16.35%
Comprehensive Deduction Rate 23.55%
Total Income $55,200.00
Total Deductions $13,354.25
Net Pay $41,845.75
Average Tax Rate 16.99%
Comprehensive Deduction Rate 24.19%
Total Income $55,200.00
Total Deductions $13,636.64
Net Pay $41,563.36
Average Tax Rate 17.5%
Comprehensive Deduction Rate 24.7%
Total Income $55,200.00
Total Deductions $13,715.91
Net Pay $41,484.09
Average Tax Rate 17.64%
Comprehensive Deduction Rate 24.85%
Total Income $55,200.00
Total Deductions $14,139.00
Net Pay $41,061.00
Average Tax Rate 18.41%
Comprehensive Deduction Rate 25.61%
Total Income $55,200.00
Total Deductions $14,467.76
Net Pay $40,732.24
Average Tax Rate 18.45%
Comprehensive Deduction Rate 26.21%
Total Income $55,200.00
Total Deductions $14,596.05
Net Pay $40,603.95
Average Tax Rate 19.24%
Comprehensive Deduction Rate 26.44%
Region Total Income Total Deductions Net Pay Average Tax Rate Comprehensive Deduction Rate
Nunavut $55,200.00 $10,828.00 $44,372.00 12.41% 19.62%
Northwest Territories $55,200.00 $11,594.67 $43,605.33 13.8% 21%
British Columbia $55,200.00 $11,604.02 $43,595.98 13.82% 21.02%
Yukon $55,200.00 $11,645.03 $43,554.97 13.89% 21.1%
Ontario $55,200.00 $12,198.88 $43,001.12 14.9% 22.1%
Alberta $55,200.00 $12,388.15 $42,811.85 15.24% 22.44%
Saskatchewan $55,200.00 $13,000.16 $42,199.84 16.35% 23.55%
New Brunswick $55,200.00 $13,354.25 $41,845.75 16.99% 24.19%
Manitoba $55,200.00 $13,636.64 $41,563.36 17.5% 24.7%
Newfoundland and Labrador $55,200.00 $13,715.91 $41,484.09 17.64% 24.85%
Prince Edward Island $55,200.00 $14,139.00 $41,061.00 18.41% 25.61%
Quebec $55,200.00 $14,467.76 $40,732.24 18.45% 26.21%
Nova Scotia $55,200.00 $14,596.05 $40,603.95 19.24% 26.44%
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.