2023 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$63,434.76
Salary
$63,434.76
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$15,145.94
Federal Tax
$7,015.12
Provincial Tax
$3,562.25
CPP Contributions
$3,566.12
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$1,002.45
Net Pay
$48,288.82
Marginal Tax Rate
29.65%
Average Tax Rate
16.67%
Comprehensive Deduction Rate
23.88%
Monthly Salary
Total Income
$5,286.23
Salary
$5,286.23
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,262.16
Federal Tax
$584.59
Provincial Tax
$296.85
CPP Contributions
$297.18
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$83.54
Net Pay
$4,024.07
Marginal Tax Rate
29.65%
Average Tax Rate
16.67%
Comprehensive Deduction Rate
23.88%
Biweekly Salary
Total Income
$2,439.80
Salary
$2,439.80
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$582.54
Federal Tax
$269.81
Provincial Tax
$137.01
CPP Contributions
$137.16
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$38.56
Net Pay
$1,857.26
Marginal Tax Rate
29.65%
Average Tax Rate
16.67%
Comprehensive Deduction Rate
23.88%
Weekly Salary
Total Income
$1,219.90
Salary
$1,219.90
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$291.27
Federal Tax
$134.91
Provincial Tax
$68.50
CPP Contributions
$68.58
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$19.28
Net Pay
$928.63
Marginal Tax Rate
29.65%
Average Tax Rate
16.67%
Comprehensive Deduction Rate
23.88%
Daily Salary
Total Income
$243.98
Salary
$243.98
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$58.25
Federal Tax
$26.98
Provincial Tax
$13.70
CPP Contributions
$13.72
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$3.86
Net Pay
$185.73
Marginal Tax Rate
29.65%
Average Tax Rate
16.67%
Comprehensive Deduction Rate
23.88%
Hourly Salary
Total Income
$32.53
Salary
$32.53
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$7.77
Federal Tax
$3.60
Provincial Tax
$1.83
CPP Contributions
$1.83
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.51
Net Pay
$24.76
Marginal Tax Rate
29.65%
Average Tax Rate
16.67%
Comprehensive Deduction Rate
23.88%
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
$63,434.76
Total Deductions
$13,603.02
Net Pay
$49,831.74
Average Tax Rate
14.24%
Comprehensive Deduction Rate
21.44%
Total Income
$63,434.76
Total Deductions
$14,431.63
Net Pay
$49,003.13
Average Tax Rate
15.55%
Comprehensive Deduction Rate
22.75%
Total Income
$63,434.76
Total Deductions
$14,492.39
Net Pay
$48,942.37
Average Tax Rate
15.64%
Comprehensive Deduction Rate
22.85%
Total Income
$63,434.76
Total Deductions
$14,573.31
Net Pay
$48,861.45
Average Tax Rate
15.77%
Comprehensive Deduction Rate
22.97%
Total Income
$63,434.76
Total Deductions
$15,145.94
Net Pay
$48,288.82
Average Tax Rate
16.67%
Comprehensive Deduction Rate
23.88%
Total Income
$63,434.76
Total Deductions
$15,381.62
Net Pay
$48,053.14
Average Tax Rate
17.05%
Comprehensive Deduction Rate
24.25%
Total Income
$63,434.76
Total Deductions
$16,197.11
Net Pay
$47,237.65
Average Tax Rate
18.33%
Comprehensive Deduction Rate
25.53%
Total Income
$63,434.76
Total Deductions
$16,679.97
Net Pay
$46,754.79
Average Tax Rate
19.09%
Comprehensive Deduction Rate
26.29%
Total Income
$63,434.76
Total Deductions
$16,852.75
Net Pay
$46,582.01
Average Tax Rate
19.37%
Comprehensive Deduction Rate
26.57%
Total Income
$63,434.76
Total Deductions
$17,086.13
Net Pay
$46,348.63
Average Tax Rate
19.73%
Comprehensive Deduction Rate
26.93%
Total Income
$63,434.76
Total Deductions
$17,446.34
Net Pay
$45,988.42
Average Tax Rate
20.3%
Comprehensive Deduction Rate
27.5%
Total Income
$63,434.76
Total Deductions
$18,119.41
Net Pay
$45,315.35
Average Tax Rate
21.36%
Comprehensive Deduction Rate
28.56%
Total Income
$63,434.76
Total Deductions
$18,142.21
Net Pay
$45,292.55
Average Tax Rate
20.83%
Comprehensive Deduction Rate
28.6%
| Region | Total Income | Total Deductions | Net Pay | Avg. Tax Rate | Comp. Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $63,434.76 | $13,603.02 | $49,831.74 | 14.24% | 21.44% |
| British Columbia | $63,434.76 | $14,431.63 | $49,003.13 | 15.55% | 22.75% |
| Northwest Territories | $63,434.76 | $14,492.39 | $48,942.37 | 15.64% | 22.85% |
| Yukon | $63,434.76 | $14,573.31 | $48,861.45 | 15.77% | 22.97% |
| Ontario | $63,434.76 | $15,145.94 | $48,288.82 | 16.67% | 23.88% |
| Alberta | $63,434.76 | $15,381.62 | $48,053.14 | 17.05% | 24.25% |
| Saskatchewan | $63,434.76 | $16,197.11 | $47,237.65 | 18.33% | 25.53% |
| New Brunswick | $63,434.76 | $16,679.97 | $46,754.79 | 19.09% | 26.29% |
| Manitoba | $63,434.76 | $16,852.75 | $46,582.01 | 19.37% | 26.57% |
| Newfoundland and Labrador | $63,434.76 | $17,086.13 | $46,348.63 | 19.73% | 26.93% |
| Prince Edward Island | $63,434.76 | $17,446.34 | $45,988.42 | 20.3% | 27.5% |
| Nova Scotia | $63,434.76 | $18,119.41 | $45,315.35 | 21.36% | 28.56% |
| Quebec | $63,434.76 | $18,142.21 | $45,292.55 | 20.83% | 28.6% |
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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