2023 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$88,500.00
Salary
$88,500.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$22,916.11
Federal Tax
$12,153.49
Provincial Tax
$6,005.72
CPP Contributions
$3,754.45
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$1,002.45
Net Pay
$65,583.89
Marginal Tax Rate
29.65%
Average Tax Rate
20.52%
Comprehensive Deduction Rate
25.89%
Monthly Salary
Total Income
$7,375.00
Salary
$7,375.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,909.68
Federal Tax
$1,012.79
Provincial Tax
$500.48
CPP Contributions
$312.87
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$83.54
Net Pay
$5,465.32
Marginal Tax Rate
29.65%
Average Tax Rate
20.52%
Comprehensive Deduction Rate
25.89%
Biweekly Salary
Total Income
$3,403.85
Salary
$3,403.85
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$881.39
Federal Tax
$467.44
Provincial Tax
$230.99
CPP Contributions
$144.40
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$38.56
Net Pay
$2,522.46
Marginal Tax Rate
29.65%
Average Tax Rate
20.52%
Comprehensive Deduction Rate
25.89%
Weekly Salary
Total Income
$1,701.92
Salary
$1,701.92
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$440.69
Federal Tax
$233.72
Provincial Tax
$115.49
CPP Contributions
$72.20
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$19.28
Net Pay
$1,261.23
Marginal Tax Rate
29.65%
Average Tax Rate
20.52%
Comprehensive Deduction Rate
25.89%
Daily Salary
Total Income
$340.38
Salary
$340.38
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$88.14
Federal Tax
$46.74
Provincial Tax
$23.10
CPP Contributions
$14.44
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$3.86
Net Pay
$252.25
Marginal Tax Rate
29.65%
Average Tax Rate
20.52%
Comprehensive Deduction Rate
25.89%
Hourly Salary
Total Income
$45.38
Salary
$45.38
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$11.75
Federal Tax
$6.23
Provincial Tax
$3.08
CPP Contributions
$1.93
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.51
Net Pay
$33.63
Marginal Tax Rate
29.65%
Average Tax Rate
20.52%
Comprehensive Deduction Rate
25.89%
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
$88,500.00
Total Deductions
$20,684.29
Net Pay
$67,815.71
Average Tax Rate
18%
Comprehensive Deduction Rate
23.37%
Total Income
$88,500.00
Total Deductions
$21,688.35
Net Pay
$66,811.65
Average Tax Rate
19.13%
Comprehensive Deduction Rate
24.51%
Total Income
$88,500.00
Total Deductions
$21,974.70
Net Pay
$66,525.30
Average Tax Rate
19.46%
Comprehensive Deduction Rate
24.83%
Total Income
$88,500.00
Total Deductions
$22,155.88
Net Pay
$66,344.12
Average Tax Rate
19.66%
Comprehensive Deduction Rate
25.03%
Total Income
$88,500.00
Total Deductions
$22,916.11
Net Pay
$65,583.89
Average Tax Rate
20.52%
Comprehensive Deduction Rate
25.89%
Total Income
$88,500.00
Total Deductions
$23,214.84
Net Pay
$65,285.16
Average Tax Rate
20.86%
Comprehensive Deduction Rate
26.23%
Total Income
$88,500.00
Total Deductions
$24,656.96
Net Pay
$63,843.04
Average Tax Rate
22.49%
Comprehensive Deduction Rate
27.86%
Total Income
$88,500.00
Total Deductions
$25,515.80
Net Pay
$62,984.20
Average Tax Rate
23.46%
Comprehensive Deduction Rate
28.83%
Total Income
$88,500.00
Total Deductions
$25,787.52
Net Pay
$62,712.48
Average Tax Rate
23.76%
Comprehensive Deduction Rate
29.14%
Total Income
$88,500.00
Total Deductions
$26,120.79
Net Pay
$62,379.21
Average Tax Rate
24.14%
Comprehensive Deduction Rate
29.52%
Total Income
$88,500.00
Total Deductions
$26,943.54
Net Pay
$61,556.46
Average Tax Rate
25.07%
Comprehensive Deduction Rate
30.44%
Total Income
$88,500.00
Total Deductions
$27,685.48
Net Pay
$60,814.52
Average Tax Rate
25.91%
Comprehensive Deduction Rate
31.28%
Total Income
$88,500.00
Total Deductions
$27,757.00
Net Pay
$60,743.00
Average Tax Rate
25.42%
Comprehensive Deduction Rate
31.36%
| Region | Total Income | Total Deductions | Net Pay | Avg. Tax Rate | Comp. Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $88,500.00 | $20,684.29 | $67,815.71 | 18% | 23.37% |
| British Columbia | $88,500.00 | $21,688.35 | $66,811.65 | 19.13% | 24.51% |
| Northwest Territories | $88,500.00 | $21,974.70 | $66,525.30 | 19.46% | 24.83% |
| Yukon | $88,500.00 | $22,155.88 | $66,344.12 | 19.66% | 25.03% |
| Ontario | $88,500.00 | $22,916.11 | $65,583.89 | 20.52% | 25.89% |
| Alberta | $88,500.00 | $23,214.84 | $65,285.16 | 20.86% | 26.23% |
| Saskatchewan | $88,500.00 | $24,656.96 | $63,843.04 | 22.49% | 27.86% |
| New Brunswick | $88,500.00 | $25,515.80 | $62,984.20 | 23.46% | 28.83% |
| Manitoba | $88,500.00 | $25,787.52 | $62,712.48 | 23.76% | 29.14% |
| Newfoundland and Labrador | $88,500.00 | $26,120.79 | $62,379.21 | 24.14% | 29.52% |
| Prince Edward Island | $88,500.00 | $26,943.54 | $61,556.46 | 25.07% | 30.44% |
| Nova Scotia | $88,500.00 | $27,685.48 | $60,814.52 | 25.91% | 31.28% |
| Quebec | $88,500.00 | $27,757.00 | $60,743.00 | 25.42% | 31.36% |
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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