2024 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$125,000.00
Salary
$125,000.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$36,215.75
Federal Tax
$20,112.49
Provincial Tax
$10,998.64
CPP Contributions
$4,055.50
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$1,049.12
Net Pay
$88,784.25
Marginal Tax Rate
43.41%
Average Tax Rate
24.89%
Comprehensive Deduction Rate
28.97%
Monthly Salary
Total Income
$10,416.67
Salary
$10,416.67
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$3,017.98
Federal Tax
$1,676.04
Provincial Tax
$916.55
CPP Contributions
$337.96
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$87.43
Net Pay
$7,398.69
Marginal Tax Rate
43.41%
Average Tax Rate
24.89%
Comprehensive Deduction Rate
28.97%
Biweekly Salary
Total Income
$4,807.69
Salary
$4,807.69
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,392.91
Federal Tax
$773.56
Provincial Tax
$423.02
CPP Contributions
$155.98
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$40.35
Net Pay
$3,414.78
Marginal Tax Rate
43.41%
Average Tax Rate
24.89%
Comprehensive Deduction Rate
28.97%
Weekly Salary
Total Income
$2,403.85
Salary
$2,403.85
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$696.46
Federal Tax
$386.78
Provincial Tax
$211.51
CPP Contributions
$77.99
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$20.18
Net Pay
$1,707.39
Marginal Tax Rate
43.41%
Average Tax Rate
24.89%
Comprehensive Deduction Rate
28.97%
Daily Salary
Total Income
$480.77
Salary
$480.77
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$139.29
Federal Tax
$77.36
Provincial Tax
$42.30
CPP Contributions
$15.60
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$4.04
Net Pay
$341.48
Marginal Tax Rate
43.41%
Average Tax Rate
24.89%
Comprehensive Deduction Rate
28.97%
Hourly Salary
Total Income
$64.10
Salary
$64.10
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$18.57
Federal Tax
$10.31
Provincial Tax
$5.64
CPP Contributions
$2.08
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.54
Net Pay
$45.53
Marginal Tax Rate
43.41%
Average Tax Rate
24.89%
Comprehensive Deduction Rate
28.97%
Federal and Provincial/Territorial Tax Brackets
Your taxable income in the following tax brackets.
| Federal Tax Bracket | Federal Tax Rates |
|---|---|
| $55,867.00 or less | 15% |
| $55,867.00 - $111,732.99 | 20.5% |
| $111,733.00 - $173,204.99 | 26% |
| $173,205.00 - $246,751.99 | 29% |
| More than $246,752.00 | 33% |
| Ontario Tax Bracket | Ontario Tax Rates |
|---|---|
| $51,446.00 or less | 5.05% |
| $51,446.00 - $102,893.99 | 9.15% |
| $102,894.00 - $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
$125,000.00
Total Deductions
$31,809.33
Net Pay
$93,190.67
Average Tax Rate
21.36%
Comprehensive Deduction Rate
25.45%
Total Income
$125,000.00
Total Deductions
$33,797.76
Net Pay
$91,202.24
Average Tax Rate
22.95%
Comprehensive Deduction Rate
27.04%
Total Income
$125,000.00
Total Deductions
$33,885.32
Net Pay
$91,114.68
Average Tax Rate
23.02%
Comprehensive Deduction Rate
27.11%
Total Income
$125,000.00
Total Deductions
$34,170.40
Net Pay
$90,829.60
Average Tax Rate
23.25%
Comprehensive Deduction Rate
27.34%
Total Income
$125,000.00
Total Deductions
$35,083.36
Net Pay
$89,916.64
Average Tax Rate
23.98%
Comprehensive Deduction Rate
28.07%
Total Income
$125,000.00
Total Deductions
$36,215.75
Net Pay
$88,784.25
Average Tax Rate
24.89%
Comprehensive Deduction Rate
28.97%
Total Income
$125,000.00
Total Deductions
$37,392.03
Net Pay
$87,607.97
Average Tax Rate
25.83%
Comprehensive Deduction Rate
29.91%
Total Income
$125,000.00
Total Deductions
$39,215.00
Net Pay
$85,785.00
Average Tax Rate
27.29%
Comprehensive Deduction Rate
31.37%
Total Income
$125,000.00
Total Deductions
$39,276.43
Net Pay
$85,723.57
Average Tax Rate
27.34%
Comprehensive Deduction Rate
31.42%
Total Income
$125,000.00
Total Deductions
$40,009.57
Net Pay
$84,990.43
Average Tax Rate
27.92%
Comprehensive Deduction Rate
32.01%
Total Income
$125,000.00
Total Deductions
$41,298.76
Net Pay
$83,701.24
Average Tax Rate
28.96%
Comprehensive Deduction Rate
33.04%
Total Income
$125,000.00
Total Deductions
$41,609.38
Net Pay
$83,390.62
Average Tax Rate
28.77%
Comprehensive Deduction Rate
33.29%
Total Income
$125,000.00
Total Deductions
$42,342.25
Net Pay
$82,657.75
Average Tax Rate
29.79%
Comprehensive Deduction Rate
33.87%
| Region | Total Income | Total Deductions | Net Pay | Average Tax Rate | Comprehensive Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $125,000.00 | $31,809.33 | $93,190.67 | 21.36% | 25.45% |
| British Columbia | $125,000.00 | $33,797.76 | $91,202.24 | 22.95% | 27.04% |
| Yukon | $125,000.00 | $33,885.32 | $91,114.68 | 23.02% | 27.11% |
| Northwest Territories | $125,000.00 | $34,170.40 | $90,829.60 | 23.25% | 27.34% |
| Alberta | $125,000.00 | $35,083.36 | $89,916.64 | 23.98% | 28.07% |
| Ontario | $125,000.00 | $36,215.75 | $88,784.25 | 24.89% | 28.97% |
| Saskatchewan | $125,000.00 | $37,392.03 | $87,607.97 | 25.83% | 29.91% |
| Manitoba | $125,000.00 | $39,215.00 | $85,785.00 | 27.29% | 31.37% |
| New Brunswick | $125,000.00 | $39,276.43 | $85,723.57 | 27.34% | 31.42% |
| Newfoundland and Labrador | $125,000.00 | $40,009.57 | $84,990.43 | 27.92% | 32.01% |
| Prince Edward Island | $125,000.00 | $41,298.76 | $83,701.24 | 28.96% | 33.04% |
| Quebec | $125,000.00 | $41,609.38 | $83,390.62 | 28.77% | 33.29% |
| Nova Scotia | $125,000.00 | $42,342.25 | $82,657.75 | 29.79% | 33.87% |
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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