2023 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$87,999.96
Salary
$87,999.96
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$22,767.86
Federal Tax
$12,050.99
Provincial Tax
$5,959.97
CPP Contributions
$3,754.45
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$1,002.45
Net Pay
$65,232.10
Marginal Tax Rate
29.65%
Average Tax Rate
20.47%
Comprehensive Deduction Rate
25.87%
Monthly Salary
Total Income
$7,333.33
Salary
$7,333.33
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,897.32
Federal Tax
$1,004.25
Provincial Tax
$496.66
CPP Contributions
$312.87
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$83.54
Net Pay
$5,436.01
Marginal Tax Rate
29.65%
Average Tax Rate
20.47%
Comprehensive Deduction Rate
25.87%
Biweekly Salary
Total Income
$3,384.61
Salary
$3,384.61
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$875.69
Federal Tax
$463.50
Provincial Tax
$229.23
CPP Contributions
$144.40
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$38.56
Net Pay
$2,508.93
Marginal Tax Rate
29.65%
Average Tax Rate
20.47%
Comprehensive Deduction Rate
25.87%
Weekly Salary
Total Income
$1,692.31
Salary
$1,692.31
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$437.84
Federal Tax
$231.75
Provincial Tax
$114.61
CPP Contributions
$72.20
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$19.28
Net Pay
$1,254.46
Marginal Tax Rate
29.65%
Average Tax Rate
20.47%
Comprehensive Deduction Rate
25.87%
Daily Salary
Total Income
$338.46
Salary
$338.46
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$87.57
Federal Tax
$46.35
Provincial Tax
$22.92
CPP Contributions
$14.44
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$3.86
Net Pay
$250.89
Marginal Tax Rate
29.65%
Average Tax Rate
20.47%
Comprehensive Deduction Rate
25.87%
Hourly Salary
Total Income
$45.13
Salary
$45.13
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$11.68
Federal Tax
$6.18
Provincial Tax
$3.06
CPP Contributions
$1.93
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.51
Net Pay
$33.45
Marginal Tax Rate
29.65%
Average Tax Rate
20.47%
Comprehensive Deduction Rate
25.87%
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
$87,999.96
Total Deductions
$20,546.79
Net Pay
$67,453.17
Average Tax Rate
17.94%
Comprehensive Deduction Rate
23.35%
Total Income
$87,999.96
Total Deductions
$21,547.35
Net Pay
$66,452.61
Average Tax Rate
19.08%
Comprehensive Deduction Rate
24.49%
Total Income
$87,999.96
Total Deductions
$21,829.20
Net Pay
$66,170.76
Average Tax Rate
19.4%
Comprehensive Deduction Rate
24.81%
Total Income
$87,999.96
Total Deductions
$22,008.38
Net Pay
$65,991.58
Average Tax Rate
19.6%
Comprehensive Deduction Rate
25.01%
Total Income
$87,999.96
Total Deductions
$22,767.86
Net Pay
$65,232.10
Average Tax Rate
20.47%
Comprehensive Deduction Rate
25.87%
Total Income
$87,999.96
Total Deductions
$23,062.34
Net Pay
$64,937.62
Average Tax Rate
20.8%
Comprehensive Deduction Rate
26.21%
Total Income
$87,999.96
Total Deductions
$24,491.96
Net Pay
$63,508.00
Average Tax Rate
22.43%
Comprehensive Deduction Rate
27.83%
Total Income
$87,999.96
Total Deductions
$25,343.29
Net Pay
$62,656.67
Average Tax Rate
23.39%
Comprehensive Deduction Rate
28.8%
Total Income
$87,999.96
Total Deductions
$25,598.01
Net Pay
$62,401.95
Average Tax Rate
23.68%
Comprehensive Deduction Rate
29.09%
Total Income
$87,999.96
Total Deductions
$25,939.28
Net Pay
$62,060.68
Average Tax Rate
24.07%
Comprehensive Deduction Rate
29.48%
Total Income
$87,999.96
Total Deductions
$26,757.53
Net Pay
$61,242.43
Average Tax Rate
25%
Comprehensive Deduction Rate
30.41%
Total Income
$87,999.96
Total Deductions
$27,499.62
Net Pay
$60,500.34
Average Tax Rate
25.84%
Comprehensive Deduction Rate
31.25%
Total Income
$87,999.96
Total Deductions
$27,568.92
Net Pay
$60,431.04
Average Tax Rate
25.36%
Comprehensive Deduction Rate
31.33%
| Region | Total Income | Total Deductions | Net Pay | Avg. Tax Rate | Comp. Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $87,999.96 | $20,546.79 | $67,453.17 | 17.94% | 23.35% |
| British Columbia | $87,999.96 | $21,547.35 | $66,452.61 | 19.08% | 24.49% |
| Northwest Territories | $87,999.96 | $21,829.20 | $66,170.76 | 19.4% | 24.81% |
| Yukon | $87,999.96 | $22,008.38 | $65,991.58 | 19.6% | 25.01% |
| Ontario | $87,999.96 | $22,767.86 | $65,232.10 | 20.47% | 25.87% |
| Alberta | $87,999.96 | $23,062.34 | $64,937.62 | 20.8% | 26.21% |
| Saskatchewan | $87,999.96 | $24,491.96 | $63,508.00 | 22.43% | 27.83% |
| New Brunswick | $87,999.96 | $25,343.29 | $62,656.67 | 23.39% | 28.8% |
| Manitoba | $87,999.96 | $25,598.01 | $62,401.95 | 23.68% | 29.09% |
| Newfoundland and Labrador | $87,999.96 | $25,939.28 | $62,060.68 | 24.07% | 29.48% |
| Prince Edward Island | $87,999.96 | $26,757.53 | $61,242.43 | 25% | 30.41% |
| Nova Scotia | $87,999.96 | $27,499.62 | $60,500.34 | 25.84% | 31.25% |
| Quebec | $87,999.96 | $27,568.92 | $60,431.04 | 25.36% | 31.33% |
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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