2024 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$138,000.00
Salary
$138,000.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$41,859.00
Federal Tax
$23,492.49
Provincial Tax
$13,261.89
CPP Contributions
$4,055.50
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$1,049.12
Net Pay
$96,141.00
Marginal Tax Rate
43.41%
Average Tax Rate
26.63%
Comprehensive Deduction Rate
30.33%
Monthly Salary
Total Income
$11,500.00
Salary
$11,500.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$3,488.25
Federal Tax
$1,957.71
Provincial Tax
$1,105.16
CPP Contributions
$337.96
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$87.43
Net Pay
$8,011.75
Marginal Tax Rate
43.41%
Average Tax Rate
26.63%
Comprehensive Deduction Rate
30.33%
Biweekly Salary
Total Income
$5,307.69
Salary
$5,307.69
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,609.96
Federal Tax
$903.56
Provincial Tax
$510.07
CPP Contributions
$155.98
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$40.35
Net Pay
$3,697.73
Marginal Tax Rate
43.41%
Average Tax Rate
26.63%
Comprehensive Deduction Rate
30.33%
Weekly Salary
Total Income
$2,653.85
Salary
$2,653.85
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$804.98
Federal Tax
$451.78
Provincial Tax
$255.04
CPP Contributions
$77.99
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$20.18
Net Pay
$1,848.87
Marginal Tax Rate
43.41%
Average Tax Rate
26.63%
Comprehensive Deduction Rate
30.33%
Daily Salary
Total Income
$530.77
Salary
$530.77
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$161.00
Federal Tax
$90.36
Provincial Tax
$51.01
CPP Contributions
$15.60
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$4.04
Net Pay
$369.77
Marginal Tax Rate
43.41%
Average Tax Rate
26.63%
Comprehensive Deduction Rate
30.33%
Hourly Salary
Total Income
$70.77
Salary
$70.77
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$21.47
Federal Tax
$12.05
Provincial Tax
$6.80
CPP Contributions
$2.08
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.54
Net Pay
$49.30
Marginal Tax Rate
43.41%
Average Tax Rate
26.63%
Comprehensive Deduction Rate
30.33%
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
$138,000.00
Total Deductions
$36,359.33
Net Pay
$101,640.67
Average Tax Rate
22.65%
Comprehensive Deduction Rate
26.35%
Total Income
$138,000.00
Total Deductions
$38,682.32
Net Pay
$99,317.68
Average Tax Rate
24.33%
Comprehensive Deduction Rate
28.03%
Total Income
$138,000.00
Total Deductions
$38,879.26
Net Pay
$99,120.74
Average Tax Rate
24.47%
Comprehensive Deduction Rate
28.17%
Total Income
$138,000.00
Total Deductions
$39,136.40
Net Pay
$98,863.60
Average Tax Rate
24.66%
Comprehensive Deduction Rate
28.36%
Total Income
$138,000.00
Total Deductions
$39,763.36
Net Pay
$98,236.64
Average Tax Rate
25.12%
Comprehensive Deduction Rate
28.81%
Total Income
$138,000.00
Total Deductions
$41,859.00
Net Pay
$96,141.00
Average Tax Rate
26.63%
Comprehensive Deduction Rate
30.33%
Total Income
$138,000.00
Total Deductions
$42,397.03
Net Pay
$95,602.97
Average Tax Rate
27.02%
Comprehensive Deduction Rate
30.72%
Total Income
$138,000.00
Total Deductions
$44,736.43
Net Pay
$93,263.57
Average Tax Rate
28.72%
Comprehensive Deduction Rate
32.42%
Total Income
$138,000.00
Total Deductions
$44,857.00
Net Pay
$93,143.00
Average Tax Rate
28.81%
Comprehensive Deduction Rate
32.51%
Total Income
$138,000.00
Total Deductions
$45,443.57
Net Pay
$92,556.43
Average Tax Rate
29.23%
Comprehensive Deduction Rate
32.93%
Total Income
$138,000.00
Total Deductions
$47,018.76
Net Pay
$90,981.24
Average Tax Rate
30.37%
Comprehensive Deduction Rate
34.07%
Total Income
$138,000.00
Total Deductions
$47,740.07
Net Pay
$90,259.93
Average Tax Rate
30.5%
Comprehensive Deduction Rate
34.59%
Total Income
$138,000.00
Total Deductions
$47,997.25
Net Pay
$90,002.75
Average Tax Rate
31.08%
Comprehensive Deduction Rate
34.78%
| Region | Total Income | Total Deductions | Net Pay | Average Tax Rate | Comprehensive Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $138,000.00 | $36,359.33 | $101,640.67 | 22.65% | 26.35% |
| Yukon | $138,000.00 | $38,682.32 | $99,317.68 | 24.33% | 28.03% |
| British Columbia | $138,000.00 | $38,879.26 | $99,120.74 | 24.47% | 28.17% |
| Northwest Territories | $138,000.00 | $39,136.40 | $98,863.60 | 24.66% | 28.36% |
| Alberta | $138,000.00 | $39,763.36 | $98,236.64 | 25.12% | 28.81% |
| Ontario | $138,000.00 | $41,859.00 | $96,141.00 | 26.63% | 30.33% |
| Saskatchewan | $138,000.00 | $42,397.03 | $95,602.97 | 27.02% | 30.72% |
| New Brunswick | $138,000.00 | $44,736.43 | $93,263.57 | 28.72% | 32.42% |
| Manitoba | $138,000.00 | $44,857.00 | $93,143.00 | 28.81% | 32.51% |
| Newfoundland and Labrador | $138,000.00 | $45,443.57 | $92,556.43 | 29.23% | 32.93% |
| Prince Edward Island | $138,000.00 | $47,018.76 | $90,981.24 | 30.37% | 34.07% |
| Quebec | $138,000.00 | $47,740.07 | $90,259.93 | 30.5% | 34.59% |
| Nova Scotia | $138,000.00 | $47,997.25 | $90,002.75 | 31.08% | 34.78% |
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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