2023 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$150,150.00
Salary
$150,150.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$47,796.66
Federal Tax
$27,180.99
Provincial Tax
$15,858.77
CPP Contributions
$3,754.45
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$1,002.45
Net Pay
$102,353.34
Marginal Tax Rate
44.97%
Average Tax Rate
28.66%
Comprehensive Deduction Rate
31.83%
Monthly Salary
Total Income
$12,512.50
Salary
$12,512.50
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$3,983.06
Federal Tax
$2,265.08
Provincial Tax
$1,321.56
CPP Contributions
$312.87
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$83.54
Net Pay
$8,529.45
Marginal Tax Rate
44.97%
Average Tax Rate
28.66%
Comprehensive Deduction Rate
31.83%
Biweekly Salary
Total Income
$5,775.00
Salary
$5,775.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,838.33
Federal Tax
$1,045.42
Provincial Tax
$609.95
CPP Contributions
$144.40
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$38.56
Net Pay
$3,936.67
Marginal Tax Rate
44.97%
Average Tax Rate
28.66%
Comprehensive Deduction Rate
31.83%
Weekly Salary
Total Income
$2,887.50
Salary
$2,887.50
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$919.17
Federal Tax
$522.71
Provincial Tax
$304.98
CPP Contributions
$72.20
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$19.28
Net Pay
$1,968.33
Marginal Tax Rate
44.97%
Average Tax Rate
28.66%
Comprehensive Deduction Rate
31.83%
Daily Salary
Total Income
$577.50
Salary
$577.50
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$183.83
Federal Tax
$104.54
Provincial Tax
$61.00
CPP Contributions
$14.44
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$3.86
Net Pay
$393.67
Marginal Tax Rate
44.97%
Average Tax Rate
28.66%
Comprehensive Deduction Rate
31.83%
Hourly Salary
Total Income
$77.00
Salary
$77.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$24.51
Federal Tax
$13.94
Provincial Tax
$8.13
CPP Contributions
$1.93
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.51
Net Pay
$52.49
Marginal Tax Rate
44.97%
Average Tax Rate
28.66%
Comprehensive Deduction Rate
31.83%
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 hourly wages
Annual Income Tax by Province/Territory
Total Income
$150,150.00
Total Deductions
$40,995.29
Net Pay
$109,154.71
Average Tax Rate
24.13%
Comprehensive Deduction Rate
27.3%
Total Income
$150,150.00
Total Deductions
$43,556.73
Net Pay
$106,593.27
Average Tax Rate
25.84%
Comprehensive Deduction Rate
29.01%
Total Income
$150,150.00
Total Deductions
$44,230.50
Net Pay
$105,919.50
Average Tax Rate
26.29%
Comprehensive Deduction Rate
29.46%
Total Income
$150,150.00
Total Deductions
$44,472.40
Net Pay
$105,677.60
Average Tax Rate
26.45%
Comprehensive Deduction Rate
29.62%
Total Income
$150,150.00
Total Deductions
$44,564.34
Net Pay
$105,585.66
Average Tax Rate
26.51%
Comprehensive Deduction Rate
29.68%
Total Income
$150,150.00
Total Deductions
$47,551.71
Net Pay
$102,598.29
Average Tax Rate
28.5%
Comprehensive Deduction Rate
31.67%
Total Income
$150,150.00
Total Deductions
$47,796.66
Net Pay
$102,353.34
Average Tax Rate
28.66%
Comprehensive Deduction Rate
31.83%
Total Income
$150,150.00
Total Deductions
$50,268.30
Net Pay
$99,881.70
Average Tax Rate
30.31%
Comprehensive Deduction Rate
33.48%
Total Income
$150,150.00
Total Deductions
$50,930.99
Net Pay
$99,219.01
Average Tax Rate
30.75%
Comprehensive Deduction Rate
33.92%
Total Income
$150,150.00
Total Deductions
$51,542.12
Net Pay
$98,607.88
Average Tax Rate
31.16%
Comprehensive Deduction Rate
34.33%
Total Income
$150,150.00
Total Deductions
$53,049.46
Net Pay
$97,100.54
Average Tax Rate
32.16%
Comprehensive Deduction Rate
35.33%
Total Income
$150,150.00
Total Deductions
$53,469.53
Net Pay
$96,680.47
Average Tax Rate
32.44%
Comprehensive Deduction Rate
35.61%
Total Income
$150,150.00
Total Deductions
$55,169.92
Net Pay
$94,980.08
Average Tax Rate
33.23%
Comprehensive Deduction Rate
36.74%
| Region | Total Income | Total Deductions | Net Pay | Average Tax Rate | Comprehensive Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $150,150.00 | $40,995.29 | $109,154.71 | 24.13% | 27.3% |
| Yukon | $150,150.00 | $43,556.73 | $106,593.27 | 25.84% | 29.01% |
| Northwest Territories | $150,150.00 | $44,230.50 | $105,919.50 | 26.29% | 29.46% |
| British Columbia | $150,150.00 | $44,472.40 | $105,677.60 | 26.45% | 29.62% |
| Alberta | $150,150.00 | $44,564.34 | $105,585.66 | 26.51% | 29.68% |
| Saskatchewan | $150,150.00 | $47,551.71 | $102,598.29 | 28.5% | 31.67% |
| Ontario | $150,150.00 | $47,796.66 | $102,353.34 | 28.66% | 31.83% |
| New Brunswick | $150,150.00 | $50,268.30 | $99,881.70 | 30.31% | 33.48% |
| Newfoundland and Labrador | $150,150.00 | $50,930.99 | $99,219.01 | 30.75% | 33.92% |
| Manitoba | $150,150.00 | $51,542.12 | $98,607.88 | 31.16% | 34.33% |
| Prince Edward Island | $150,150.00 | $53,049.46 | $97,100.54 | 32.16% | 35.33% |
| Nova Scotia | $150,150.00 | $53,469.53 | $96,680.47 | 32.44% | 35.61% |
| Quebec | $150,150.00 | $55,169.92 | $94,980.08 | 33.23% | 36.74% |
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.