2024 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$140,000.00
Salary
$140,000.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$42,727.19
Federal Tax
$24,012.49
Provincial Tax
$13,610.08
CPP Contributions
$4,055.50
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$1,049.12
Net Pay
$97,272.81
Marginal Tax Rate
43.41%
Average Tax Rate
26.87%
Comprehensive Deduction Rate
30.52%
Monthly Salary
Total Income
$11,666.67
Salary
$11,666.67
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$3,560.60
Federal Tax
$2,001.04
Provincial Tax
$1,134.17
CPP Contributions
$337.96
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$87.43
Net Pay
$8,106.07
Marginal Tax Rate
43.41%
Average Tax Rate
26.87%
Comprehensive Deduction Rate
30.52%
Biweekly Salary
Total Income
$5,384.62
Salary
$5,384.62
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,643.35
Federal Tax
$923.56
Provincial Tax
$523.46
CPP Contributions
$155.98
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$40.35
Net Pay
$3,741.26
Marginal Tax Rate
43.41%
Average Tax Rate
26.87%
Comprehensive Deduction Rate
30.52%
Weekly Salary
Total Income
$2,692.31
Salary
$2,692.31
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$821.68
Federal Tax
$461.78
Provincial Tax
$261.73
CPP Contributions
$77.99
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$20.18
Net Pay
$1,870.63
Marginal Tax Rate
43.41%
Average Tax Rate
26.87%
Comprehensive Deduction Rate
30.52%
Daily Salary
Total Income
$538.46
Salary
$538.46
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$164.34
Federal Tax
$92.36
Provincial Tax
$52.35
CPP Contributions
$15.60
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$4.04
Net Pay
$374.13
Marginal Tax Rate
43.41%
Average Tax Rate
26.87%
Comprehensive Deduction Rate
30.52%
Hourly Salary
Total Income
$71.79
Salary
$71.79
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$21.91
Federal Tax
$12.31
Provincial Tax
$6.98
CPP Contributions
$2.08
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.54
Net Pay
$49.88
Marginal Tax Rate
43.41%
Average Tax Rate
26.87%
Comprehensive Deduction Rate
30.52%
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
$140,000.00
Total Deductions
$37,059.33
Net Pay
$102,940.67
Average Tax Rate
22.82%
Comprehensive Deduction Rate
26.47%
Total Income
$140,000.00
Total Deductions
$39,420.32
Net Pay
$100,579.68
Average Tax Rate
24.51%
Comprehensive Deduction Rate
28.16%
Total Income
$140,000.00
Total Deductions
$39,693.26
Net Pay
$100,306.74
Average Tax Rate
24.71%
Comprehensive Deduction Rate
28.35%
Total Income
$140,000.00
Total Deductions
$39,900.40
Net Pay
$100,099.60
Average Tax Rate
24.85%
Comprehensive Deduction Rate
28.5%
Total Income
$140,000.00
Total Deductions
$40,483.36
Net Pay
$99,516.64
Average Tax Rate
25.27%
Comprehensive Deduction Rate
28.92%
Total Income
$140,000.00
Total Deductions
$42,727.19
Net Pay
$97,272.81
Average Tax Rate
26.87%
Comprehensive Deduction Rate
30.52%
Total Income
$140,000.00
Total Deductions
$43,167.03
Net Pay
$96,832.97
Average Tax Rate
27.19%
Comprehensive Deduction Rate
30.83%
Total Income
$140,000.00
Total Deductions
$45,576.43
Net Pay
$94,423.57
Average Tax Rate
28.91%
Comprehensive Deduction Rate
32.55%
Total Income
$140,000.00
Total Deductions
$45,725.00
Net Pay
$94,275.00
Average Tax Rate
29.01%
Comprehensive Deduction Rate
32.66%
Total Income
$140,000.00
Total Deductions
$46,279.57
Net Pay
$93,720.43
Average Tax Rate
29.41%
Comprehensive Deduction Rate
33.06%
Total Income
$140,000.00
Total Deductions
$47,898.76
Net Pay
$92,101.24
Average Tax Rate
30.57%
Comprehensive Deduction Rate
34.21%
Total Income
$140,000.00
Total Deductions
$48,689.27
Net Pay
$91,310.73
Average Tax Rate
30.74%
Comprehensive Deduction Rate
34.78%
Total Income
$140,000.00
Total Deductions
$48,867.25
Net Pay
$91,132.75
Average Tax Rate
31.26%
Comprehensive Deduction Rate
34.91%
| Region | Total Income | Total Deductions | Net Pay | Average Tax Rate | Comprehensive Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $140,000.00 | $37,059.33 | $102,940.67 | 22.82% | 26.47% |
| Yukon | $140,000.00 | $39,420.32 | $100,579.68 | 24.51% | 28.16% |
| British Columbia | $140,000.00 | $39,693.26 | $100,306.74 | 24.71% | 28.35% |
| Northwest Territories | $140,000.00 | $39,900.40 | $100,099.60 | 24.85% | 28.5% |
| Alberta | $140,000.00 | $40,483.36 | $99,516.64 | 25.27% | 28.92% |
| Ontario | $140,000.00 | $42,727.19 | $97,272.81 | 26.87% | 30.52% |
| Saskatchewan | $140,000.00 | $43,167.03 | $96,832.97 | 27.19% | 30.83% |
| New Brunswick | $140,000.00 | $45,576.43 | $94,423.57 | 28.91% | 32.55% |
| Manitoba | $140,000.00 | $45,725.00 | $94,275.00 | 29.01% | 32.66% |
| Newfoundland and Labrador | $140,000.00 | $46,279.57 | $93,720.43 | 29.41% | 33.06% |
| Prince Edward Island | $140,000.00 | $47,898.76 | $92,101.24 | 30.57% | 34.21% |
| Quebec | $140,000.00 | $48,689.27 | $91,310.73 | 30.74% | 34.78% |
| Nova Scotia | $140,000.00 | $48,867.25 | $91,132.75 | 31.26% | 34.91% |
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.
Jobs in Ontario
Outpost Recruitment
-
20 Jobs
Toronto, ON
$150,000 - $200,000 / year
31 days ago
Outpost Recruitment
-
20 Jobs
Toronto, ON
$90,000 - $160,000 / year
31 days ago
Definity Financial Corporation
-
15 Jobs
Toronto, ON
$69,800 - $140,400 / year
10 days ago