2023 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$87,973.00
Salary
$87,973.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$22,759.86
Federal Tax
$12,045.46
Provincial Tax
$5,957.50
CPP Contributions
$3,754.45
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$1,002.45
Net Pay
$65,213.14
Marginal Tax Rate
29.65%
Average Tax Rate
20.46%
Comprehensive Deduction Rate
25.87%
Monthly Salary
Total Income
$7,331.08
Salary
$7,331.08
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,896.66
Federal Tax
$1,003.79
Provincial Tax
$496.46
CPP Contributions
$312.87
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$83.54
Net Pay
$5,434.43
Marginal Tax Rate
29.65%
Average Tax Rate
20.46%
Comprehensive Deduction Rate
25.87%
Biweekly Salary
Total Income
$3,383.58
Salary
$3,383.58
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$875.38
Federal Tax
$463.29
Provincial Tax
$229.13
CPP Contributions
$144.40
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$38.56
Net Pay
$2,508.20
Marginal Tax Rate
29.65%
Average Tax Rate
20.46%
Comprehensive Deduction Rate
25.87%
Weekly Salary
Total Income
$1,691.79
Salary
$1,691.79
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$437.69
Federal Tax
$231.64
Provincial Tax
$114.57
CPP Contributions
$72.20
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$19.28
Net Pay
$1,254.10
Marginal Tax Rate
29.65%
Average Tax Rate
20.46%
Comprehensive Deduction Rate
25.87%
Daily Salary
Total Income
$338.36
Salary
$338.36
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$87.54
Federal Tax
$46.33
Provincial Tax
$22.91
CPP Contributions
$14.44
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$3.86
Net Pay
$250.82
Marginal Tax Rate
29.65%
Average Tax Rate
20.46%
Comprehensive Deduction Rate
25.87%
Hourly Salary
Total Income
$45.11
Salary
$45.11
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$11.67
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
$33.44
Marginal Tax Rate
29.65%
Average Tax Rate
20.46%
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
$87,973.00
Total Deductions
$20,539.37
Net Pay
$67,433.63
Average Tax Rate
17.94%
Comprehensive Deduction Rate
23.35%
Total Income
$87,973.00
Total Deductions
$21,539.74
Net Pay
$66,433.26
Average Tax Rate
19.08%
Comprehensive Deduction Rate
24.48%
Total Income
$87,973.00
Total Deductions
$21,821.35
Net Pay
$66,151.65
Average Tax Rate
19.4%
Comprehensive Deduction Rate
24.8%
Total Income
$87,973.00
Total Deductions
$22,000.42
Net Pay
$65,972.58
Average Tax Rate
19.6%
Comprehensive Deduction Rate
25.01%
Total Income
$87,973.00
Total Deductions
$22,759.86
Net Pay
$65,213.14
Average Tax Rate
20.46%
Comprehensive Deduction Rate
25.87%
Total Income
$87,973.00
Total Deductions
$23,054.11
Net Pay
$64,918.89
Average Tax Rate
20.8%
Comprehensive Deduction Rate
26.21%
Total Income
$87,973.00
Total Deductions
$24,483.06
Net Pay
$63,489.94
Average Tax Rate
22.42%
Comprehensive Deduction Rate
27.83%
Total Income
$87,973.00
Total Deductions
$25,333.99
Net Pay
$62,639.01
Average Tax Rate
23.39%
Comprehensive Deduction Rate
28.8%
Total Income
$87,973.00
Total Deductions
$25,587.79
Net Pay
$62,385.21
Average Tax Rate
23.68%
Comprehensive Deduction Rate
29.09%
Total Income
$87,973.00
Total Deductions
$25,929.49
Net Pay
$62,043.51
Average Tax Rate
24.07%
Comprehensive Deduction Rate
29.47%
Total Income
$87,973.00
Total Deductions
$26,747.50
Net Pay
$61,225.50
Average Tax Rate
25%
Comprehensive Deduction Rate
30.4%
Total Income
$87,973.00
Total Deductions
$27,489.60
Net Pay
$60,483.40
Average Tax Rate
25.84%
Comprehensive Deduction Rate
31.25%
Total Income
$87,973.00
Total Deductions
$27,558.81
Net Pay
$60,414.19
Average Tax Rate
25.35%
Comprehensive Deduction Rate
31.33%
| Region | Total Income | Total Deductions | Net Pay | Avg. Tax Rate | Comp. Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $87,973.00 | $20,539.37 | $67,433.63 | 17.94% | 23.35% |
| British Columbia | $87,973.00 | $21,539.74 | $66,433.26 | 19.08% | 24.48% |
| Northwest Territories | $87,973.00 | $21,821.35 | $66,151.65 | 19.4% | 24.8% |
| Yukon | $87,973.00 | $22,000.42 | $65,972.58 | 19.6% | 25.01% |
| Ontario | $87,973.00 | $22,759.86 | $65,213.14 | 20.46% | 25.87% |
| Alberta | $87,973.00 | $23,054.11 | $64,918.89 | 20.8% | 26.21% |
| Saskatchewan | $87,973.00 | $24,483.06 | $63,489.94 | 22.42% | 27.83% |
| New Brunswick | $87,973.00 | $25,333.99 | $62,639.01 | 23.39% | 28.8% |
| Manitoba | $87,973.00 | $25,587.79 | $62,385.21 | 23.68% | 29.09% |
| Newfoundland and Labrador | $87,973.00 | $25,929.49 | $62,043.51 | 24.07% | 29.47% |
| Prince Edward Island | $87,973.00 | $26,747.50 | $61,225.50 | 25% | 30.4% |
| Nova Scotia | $87,973.00 | $27,489.60 | $60,483.40 | 25.84% | 31.25% |
| Quebec | $87,973.00 | $27,558.81 | $60,414.19 | 25.35% | 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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