2023 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$71,974.00
Salary
$71,974.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$17,866.15
Federal Tax
$8,765.66
Provincial Tax
$4,343.59
CPP Contributions
$3,754.45
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$1,002.45
Net Pay
$54,107.85
Marginal Tax Rate
48.15%
Average Tax Rate
18.21%
Comprehensive Deduction Rate
24.82%
Monthly Salary
Total Income
$5,997.83
Salary
$5,997.83
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,488.85
Federal Tax
$730.47
Provincial Tax
$361.97
CPP Contributions
$312.87
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$83.54
Net Pay
$4,508.99
Marginal Tax Rate
48.15%
Average Tax Rate
18.21%
Comprehensive Deduction Rate
24.82%
Biweekly Salary
Total Income
$2,768.23
Salary
$2,768.23
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$687.16
Federal Tax
$337.14
Provincial Tax
$167.06
CPP Contributions
$144.40
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$38.56
Net Pay
$2,081.07
Marginal Tax Rate
48.15%
Average Tax Rate
18.21%
Comprehensive Deduction Rate
24.82%
Weekly Salary
Total Income
$1,384.12
Salary
$1,384.12
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$343.58
Federal Tax
$168.57
Provincial Tax
$83.53
CPP Contributions
$72.20
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$19.28
Net Pay
$1,040.54
Marginal Tax Rate
48.15%
Average Tax Rate
18.21%
Comprehensive Deduction Rate
24.82%
Daily Salary
Total Income
$276.82
Salary
$276.82
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$68.72
Federal Tax
$33.71
Provincial Tax
$16.71
CPP Contributions
$14.44
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$3.86
Net Pay
$208.11
Marginal Tax Rate
48.15%
Average Tax Rate
18.21%
Comprehensive Deduction Rate
24.82%
Hourly Salary
Total Income
$36.91
Salary
$36.91
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$9.16
Federal Tax
$4.50
Provincial Tax
$2.23
CPP Contributions
$1.93
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.51
Net Pay
$27.75
Marginal Tax Rate
48.15%
Average Tax Rate
18.21%
Comprehensive Deduction Rate
24.82%
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
$71,974.00
Total Deductions
$16,139.64
Net Pay
$55,834.36
Average Tax Rate
15.82%
Comprehensive Deduction Rate
22.42%
Total Income
$71,974.00
Total Deductions
$17,028.02
Net Pay
$54,945.98
Average Tax Rate
17.05%
Comprehensive Deduction Rate
23.66%
Total Income
$71,974.00
Total Deductions
$17,165.63
Net Pay
$54,808.37
Average Tax Rate
17.24%
Comprehensive Deduction Rate
23.85%
Total Income
$71,974.00
Total Deductions
$17,280.71
Net Pay
$54,693.29
Average Tax Rate
17.4%
Comprehensive Deduction Rate
24.01%
Total Income
$71,974.00
Total Deductions
$17,866.15
Net Pay
$54,107.85
Average Tax Rate
18.21%
Comprehensive Deduction Rate
24.82%
Total Income
$71,974.00
Total Deductions
$18,174.41
Net Pay
$53,799.59
Average Tax Rate
18.64%
Comprehensive Deduction Rate
25.25%
Total Income
$71,974.00
Total Deductions
$19,203.38
Net Pay
$52,770.62
Average Tax Rate
20.07%
Comprehensive Deduction Rate
26.68%
Total Income
$71,974.00
Total Deductions
$19,814.33
Net Pay
$52,159.67
Average Tax Rate
20.92%
Comprehensive Deduction Rate
27.53%
Total Income
$71,974.00
Total Deductions
$19,880.38
Net Pay
$52,093.62
Average Tax Rate
21.01%
Comprehensive Deduction Rate
27.62%
Total Income
$71,974.00
Total Deductions
$20,263.19
Net Pay
$51,710.81
Average Tax Rate
21.54%
Comprehensive Deduction Rate
28.15%
Total Income
$71,974.00
Total Deductions
$20,795.87
Net Pay
$51,178.13
Average Tax Rate
22.28%
Comprehensive Deduction Rate
28.89%
Total Income
$71,974.00
Total Deductions
$21,526.81
Net Pay
$50,447.19
Average Tax Rate
23.3%
Comprehensive Deduction Rate
29.91%
Total Income
$71,974.00
Total Deductions
$21,551.24
Net Pay
$50,422.76
Average Tax Rate
22.75%
Comprehensive Deduction Rate
29.94%
| Region | Total Income | Total Deductions | Net Pay | Avg. Tax Rate | Comp. Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $71,974.00 | $16,139.64 | $55,834.36 | 15.82% | 22.42% |
| British Columbia | $71,974.00 | $17,028.02 | $54,945.98 | 17.05% | 23.66% |
| Northwest Territories | $71,974.00 | $17,165.63 | $54,808.37 | 17.24% | 23.85% |
| Yukon | $71,974.00 | $17,280.71 | $54,693.29 | 17.4% | 24.01% |
| Ontario | $71,974.00 | $17,866.15 | $54,107.85 | 18.21% | 24.82% |
| Alberta | $71,974.00 | $18,174.41 | $53,799.59 | 18.64% | 25.25% |
| Saskatchewan | $71,974.00 | $19,203.38 | $52,770.62 | 20.07% | 26.68% |
| New Brunswick | $71,974.00 | $19,814.33 | $52,159.67 | 20.92% | 27.53% |
| Manitoba | $71,974.00 | $19,880.38 | $52,093.62 | 21.01% | 27.62% |
| Newfoundland and Labrador | $71,974.00 | $20,263.19 | $51,710.81 | 21.54% | 28.15% |
| Prince Edward Island | $71,974.00 | $20,795.87 | $51,178.13 | 22.28% | 28.89% |
| Nova Scotia | $71,974.00 | $21,526.81 | $50,447.19 | 23.3% | 29.91% |
| Quebec | $71,974.00 | $21,551.24 | $50,422.76 | 22.75% | 29.94% |
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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