2023 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$74,000.00
Salary
$74,000.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$18,616.86
Federal Tax
$9,180.99
Provincial Tax
$4,678.97
CPP Contributions
$3,754.45
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$1,002.45
Net Pay
$55,383.14
Marginal Tax Rate
29.65%
Average Tax Rate
18.73%
Comprehensive Deduction Rate
25.16%
Monthly Salary
Total Income
$6,166.67
Salary
$6,166.67
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,551.41
Federal Tax
$765.08
Provincial Tax
$389.91
CPP Contributions
$312.87
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$83.54
Net Pay
$4,615.26
Marginal Tax Rate
29.65%
Average Tax Rate
18.73%
Comprehensive Deduction Rate
25.16%
Biweekly Salary
Total Income
$2,846.15
Salary
$2,846.15
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$716.03
Federal Tax
$353.12
Provincial Tax
$179.96
CPP Contributions
$144.40
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$38.56
Net Pay
$2,130.12
Marginal Tax Rate
29.65%
Average Tax Rate
18.73%
Comprehensive Deduction Rate
25.16%
Weekly Salary
Total Income
$1,423.08
Salary
$1,423.08
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$358.02
Federal Tax
$176.56
Provincial Tax
$89.98
CPP Contributions
$72.20
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$19.28
Net Pay
$1,065.06
Marginal Tax Rate
29.65%
Average Tax Rate
18.73%
Comprehensive Deduction Rate
25.16%
Daily Salary
Total Income
$284.62
Salary
$284.62
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$71.60
Federal Tax
$35.31
Provincial Tax
$18.00
CPP Contributions
$14.44
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$3.86
Net Pay
$213.01
Marginal Tax Rate
29.65%
Average Tax Rate
18.73%
Comprehensive Deduction Rate
25.16%
Hourly Salary
Total Income
$37.95
Salary
$37.95
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$9.55
Federal Tax
$4.71
Provincial Tax
$2.40
CPP Contributions
$1.93
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.51
Net Pay
$28.40
Marginal Tax Rate
29.65%
Average Tax Rate
18.73%
Comprehensive Deduction Rate
25.16%
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% |
Income taxes on annual salaries
Annual Income Tax by Province/Territory
Total Income
$74,000.00
Total Deductions
$16,696.79
Net Pay
$57,303.21
Average Tax Rate
16.13%
Comprehensive Deduction Rate
22.56%
Total Income
$74,000.00
Total Deductions
$17,599.35
Net Pay
$56,400.65
Average Tax Rate
17.35%
Comprehensive Deduction Rate
23.78%
Total Income
$74,000.00
Total Deductions
$17,755.20
Net Pay
$56,244.80
Average Tax Rate
17.57%
Comprehensive Deduction Rate
23.99%
Total Income
$74,000.00
Total Deductions
$17,878.38
Net Pay
$56,121.62
Average Tax Rate
17.73%
Comprehensive Deduction Rate
24.16%
Total Income
$74,000.00
Total Deductions
$18,616.86
Net Pay
$55,383.14
Average Tax Rate
18.73%
Comprehensive Deduction Rate
25.16%
Total Income
$74,000.00
Total Deductions
$18,792.34
Net Pay
$55,207.66
Average Tax Rate
18.97%
Comprehensive Deduction Rate
25.4%
Total Income
$74,000.00
Total Deductions
$19,871.96
Net Pay
$54,128.04
Average Tax Rate
20.43%
Comprehensive Deduction Rate
26.85%
Total Income
$74,000.00
Total Deductions
$20,513.30
Net Pay
$53,486.70
Average Tax Rate
21.29%
Comprehensive Deduction Rate
27.72%
Total Income
$74,000.00
Total Deductions
$20,554.02
Net Pay
$53,445.98
Average Tax Rate
21.35%
Comprehensive Deduction Rate
27.78%
Total Income
$74,000.00
Total Deductions
$20,972.29
Net Pay
$53,027.71
Average Tax Rate
21.91%
Comprehensive Deduction Rate
28.34%
Total Income
$74,000.00
Total Deductions
$21,549.54
Net Pay
$52,450.46
Average Tax Rate
22.69%
Comprehensive Deduction Rate
29.12%
Total Income
$74,000.00
Total Deductions
$22,290.56
Net Pay
$51,709.44
Average Tax Rate
23.69%
Comprehensive Deduction Rate
30.12%
Total Income
$74,000.00
Total Deductions
$22,312.00
Net Pay
$51,688.00
Average Tax Rate
23.14%
Comprehensive Deduction Rate
30.15%
| Region | Total Income | Total Deductions | Net Pay | Average Tax Rate | Comprehensive Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $74,000.00 | $16,696.79 | $57,303.21 | 16.13% | 22.56% |
| British Columbia | $74,000.00 | $17,599.35 | $56,400.65 | 17.35% | 23.78% |
| Northwest Territories | $74,000.00 | $17,755.20 | $56,244.80 | 17.57% | 23.99% |
| Yukon | $74,000.00 | $17,878.38 | $56,121.62 | 17.73% | 24.16% |
| Ontario | $74,000.00 | $18,616.86 | $55,383.14 | 18.73% | 25.16% |
| Alberta | $74,000.00 | $18,792.34 | $55,207.66 | 18.97% | 25.4% |
| Saskatchewan | $74,000.00 | $19,871.96 | $54,128.04 | 20.43% | 26.85% |
| New Brunswick | $74,000.00 | $20,513.30 | $53,486.70 | 21.29% | 27.72% |
| Manitoba | $74,000.00 | $20,554.02 | $53,445.98 | 21.35% | 27.78% |
| Newfoundland and Labrador | $74,000.00 | $20,972.29 | $53,027.71 | 21.91% | 28.34% |
| Prince Edward Island | $74,000.00 | $21,549.54 | $52,450.46 | 22.69% | 29.12% |
| Nova Scotia | $74,000.00 | $22,290.56 | $51,709.44 | 23.69% | 30.12% |
| Quebec | $74,000.00 | $22,312.00 | $51,688.00 | 23.14% | 30.15% |
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.
Jobs in Ontario
Royal LePage Real Estate
-
34 Jobs
Toronto, ON
$50,000 - $150,000 / year
Permanent
31 days ago
Hamilton Health Sciences
-
16 Jobs
Brantford, ON
$33.75 - $46.62 / hour
Permanent
28 days ago
NHI Nursing & Homemakers Inc.
-
17 Jobs
Toronto, ON
$45.00 - $55.00 / hour
Permanent
3 days ago