2023 Ontario Income Tax Calculator

Calculate your take-home pay after tax.

Province/Territory

Tax Year

Salary

Rate

Work Hours per Day

Bonus

Commission

Pension Income

Taxable Benefit

RRSP

Your Results

Yearly Salary

Total Income $92,400.00

Salary $92,400.00

Total Deductions $24,131.97

Federal Tax $12,952.99

Provincial Tax $6,422.08

CPP Contributions $3,754.45

EI Premiums $1,002.45

Net Pay $68,268.03

Marginal Tax Rate 31.48%

Average Tax Rate 20.97%

Comprehensive Deduction Rate 26.12%

$92,400.00 a year is how much per hour?
What is the minimum wage in Ontario in 2024?

Monthly Salary

Total Income $7,700.00

Salary $7,700.00

Total Deductions $2,011.00

Federal Tax $1,079.42

Provincial Tax $535.17

CPP Contributions $312.87

EI Premiums $83.54

Net Pay $5,689.00

Marginal Tax Rate 31.48%

Average Tax Rate 20.97%

Comprehensive Deduction Rate 26.12%

$7,700.00 a month is how much per year?
What is the minimum wage in Ontario in 2024?

Biweekly Salary

Total Income $3,553.85

Salary $3,553.85

Total Deductions $928.15

Federal Tax $498.19

Provincial Tax $247.00

CPP Contributions $144.40

EI Premiums $38.56

Net Pay $2,625.69

Marginal Tax Rate 31.48%

Average Tax Rate 20.97%

Comprehensive Deduction Rate 26.12%

$3,553.85 per two weeks is how much per year?
What is the minimum wage in Ontario in 2024?

Weekly Salary

Total Income $1,776.92

Salary $1,776.92

Total Deductions $464.08

Federal Tax $249.10

Provincial Tax $123.50

CPP Contributions $72.20

EI Premiums $19.28

Net Pay $1,312.85

Marginal Tax Rate 31.48%

Average Tax Rate 20.97%

Comprehensive Deduction Rate 26.12%

$1,776.92 a week is how much per year?
What is the minimum wage in Ontario in 2024?

Daily Salary

Total Income $355.38

Salary $355.38

Total Deductions $92.82

Federal Tax $49.82

Provincial Tax $24.70

CPP Contributions $14.44

EI Premiums $3.86

Net Pay $262.57

Marginal Tax Rate 31.48%

Average Tax Rate 20.97%

Comprehensive Deduction Rate 26.12%

$355.38 a day is how much per year?
What is the minimum wage in Ontario in 2024?

Hourly Salary

Total Income $47.38

Salary $47.38

Total Deductions $12.38

Federal Tax $6.64

Provincial Tax $3.29

CPP Contributions $1.93

EI Premiums $0.51

Net Pay $35.01

Marginal Tax Rate 31.48%

Average Tax Rate 20.97%

Comprehensive Deduction Rate 26.12%

$47.38 an hour is how much per year?
What is the minimum wage in Ontario in 2024?

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 monthly salaries

Annual Income Tax by Province/Territory

Nunavut

Total Income $92,400.00

Total Deductions $21,756.79

Net Pay $70,643.21

Average Tax Rate 18.4%

Comprehensive Deduction Rate 23.55%

British Columbia

Total Income $92,400.00

Total Deductions $22,818.35

Net Pay $69,581.65

Average Tax Rate 19.55%

Comprehensive Deduction Rate 24.7%

Northwest Territories

Total Income $92,400.00

Total Deductions $23,109.60

Net Pay $69,290.40

Average Tax Rate 19.86%

Comprehensive Deduction Rate 25.01%

Yukon

Total Income $92,400.00

Total Deductions $23,306.38

Net Pay $69,093.62

Average Tax Rate 20.08%

Comprehensive Deduction Rate 25.22%

Ontario

Total Income $92,400.00

Total Deductions $24,131.97

Net Pay $68,268.03

Average Tax Rate 20.97%

Comprehensive Deduction Rate 26.12%

Alberta

Total Income $92,400.00

Total Deductions $24,404.34

Net Pay $67,995.66

Average Tax Rate 21.26%

Comprehensive Deduction Rate 26.41%

Saskatchewan

Total Income $92,400.00

Total Deductions $25,943.96

Net Pay $66,456.04

Average Tax Rate 22.93%

Comprehensive Deduction Rate 28.08%

New Brunswick

Total Income $92,400.00

Total Deductions $26,861.30

Net Pay $65,538.70

Average Tax Rate 23.92%

Comprehensive Deduction Rate 29.07%

Manitoba

Total Income $92,400.00

Total Deductions $27,265.62

Net Pay $65,134.38

Average Tax Rate 24.36%

Comprehensive Deduction Rate 29.51%

Newfoundland and Labrador

Total Income $92,400.00

Total Deductions $27,536.49

Net Pay $64,863.51

Average Tax Rate 24.65%

Comprehensive Deduction Rate 29.8%

Prince Edward Island

Total Income $92,400.00

Total Deductions $28,394.34

Net Pay $64,005.66

Average Tax Rate 25.58%

Comprehensive Deduction Rate 30.73%

Nova Scotia

Total Income $92,400.00

Total Deductions $29,135.11

Net Pay $63,264.89

Average Tax Rate 26.38%

Comprehensive Deduction Rate 31.53%

Quebec

Total Income $92,400.00

Total Deductions $29,216.93

Net Pay $63,183.07

Average Tax Rate 25.92%

Comprehensive Deduction Rate 31.62%

Region	Total Income	Total Deductions	Net Pay	Average Tax Rate	Comprehensive Deduction Rate
Nunavut	$92,400.00	$21,756.79	$70,643.21	18.4%	23.55%
British Columbia	$92,400.00	$22,818.35	$69,581.65	19.55%	24.7%
Northwest Territories	$92,400.00	$23,109.60	$69,290.40	19.86%	25.01%
Yukon	$92,400.00	$23,306.38	$69,093.62	20.08%	25.22%
Ontario	$92,400.00	$24,131.97	$68,268.03	20.97%	26.12%
Alberta	$92,400.00	$24,404.34	$67,995.66	21.26%	26.41%
Saskatchewan	$92,400.00	$25,943.96	$66,456.04	22.93%	28.08%
New Brunswick	$92,400.00	$26,861.30	$65,538.70	23.92%	29.07%
Manitoba	$92,400.00	$27,265.62	$65,134.38	24.36%	29.51%
Newfoundland and Labrador	$92,400.00	$27,536.49	$64,863.51	24.65%	29.8%
Prince Edward Island	$92,400.00	$28,394.34	$64,005.66	25.58%	30.73%
Nova Scotia	$92,400.00	$29,135.11	$63,264.89	26.38%	31.53%
Quebec	$92,400.00	$29,216.93	$63,183.07	25.92%	31.62%

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.