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2024 Ontario Income Tax Calculator

Calculate your take-home pay after tax.

Yearly Salary
Total Income $142,000.00
Salary $142,000.00
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00

RRSP $0.00

Total Deductions $43,595.38
Federal Tax $24,532.49
Provincial Tax $13,958.27
CPP Contributions $4,055.50
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $1,049.12

Net Pay $98,404.62

Marginal Tax Rate 43.41%
Average Tax Rate 27.11%
Comprehensive Deduction Rate 30.7%
Monthly Salary
Total Income $11,833.33
Salary $11,833.33
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00

RRSP $0.00

Total Deductions $3,632.95
Federal Tax $2,044.37
Provincial Tax $1,163.19
CPP Contributions $337.96
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $87.43

Net Pay $8,200.39

Marginal Tax Rate 43.41%
Average Tax Rate 27.11%
Comprehensive Deduction Rate 30.7%
Biweekly Salary
Total Income $5,461.54
Salary $5,461.54
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00

RRSP $0.00

Total Deductions $1,676.75
Federal Tax $943.56
Provincial Tax $536.86
CPP Contributions $155.98
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $40.35

Net Pay $3,784.79

Marginal Tax Rate 43.41%
Average Tax Rate 27.11%
Comprehensive Deduction Rate 30.7%
Weekly Salary
Total Income $2,730.77
Salary $2,730.77
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00

RRSP $0.00

Total Deductions $838.37
Federal Tax $471.78
Provincial Tax $268.43
CPP Contributions $77.99
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $20.18

Net Pay $1,892.40

Marginal Tax Rate 43.41%
Average Tax Rate 27.11%
Comprehensive Deduction Rate 30.7%
Daily Salary
Total Income $546.15
Salary $546.15
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00

RRSP $0.00

Total Deductions $167.67
Federal Tax $94.36
Provincial Tax $53.69
CPP Contributions $15.60
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $4.04

Net Pay $378.48

Marginal Tax Rate 43.41%
Average Tax Rate 27.11%
Comprehensive Deduction Rate 30.7%
Hourly Salary
Total Income $72.82
Salary $72.82
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00

RRSP $0.00

Total Deductions $22.36
Federal Tax $12.58
Provincial Tax $7.16
CPP Contributions $2.08
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $0.54

Net Pay $50.46

Marginal Tax Rate 43.41%
Average Tax Rate 27.11%
Comprehensive Deduction Rate 30.7%

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%

Annual Income Tax by Province/Territory

Total Income $142,000.00
Total Deductions $37,759.33
Net Pay $104,240.67
Average Tax Rate 23%
Comprehensive Deduction Rate 26.59%
Total Income $142,000.00
Total Deductions $40,158.32
Net Pay $101,841.68
Average Tax Rate 24.69%
Comprehensive Deduction Rate 28.28%
Total Income $142,000.00
Total Deductions $40,507.26
Net Pay $101,492.74
Average Tax Rate 24.93%
Comprehensive Deduction Rate 28.53%
Total Income $142,000.00
Total Deductions $40,664.40
Net Pay $101,335.60
Average Tax Rate 25.04%
Comprehensive Deduction Rate 28.64%
Total Income $142,000.00
Total Deductions $41,203.36
Net Pay $100,796.64
Average Tax Rate 25.42%
Comprehensive Deduction Rate 29.02%
Total Income $142,000.00
Total Deductions $43,595.38
Net Pay $98,404.62
Average Tax Rate 27.11%
Comprehensive Deduction Rate 30.7%
Total Income $142,000.00
Total Deductions $43,937.03
Net Pay $98,062.97
Average Tax Rate 27.35%
Comprehensive Deduction Rate 30.94%
Total Income $142,000.00
Total Deductions $46,416.43
Net Pay $95,583.57
Average Tax Rate 29.09%
Comprehensive Deduction Rate 32.69%
Total Income $142,000.00
Total Deductions $46,593.00
Net Pay $95,407.00
Average Tax Rate 29.22%
Comprehensive Deduction Rate 32.81%
Total Income $142,000.00
Total Deductions $47,115.57
Net Pay $94,884.43
Average Tax Rate 29.59%
Comprehensive Deduction Rate 33.18%
Total Income $142,000.00
Total Deductions $48,793.76
Net Pay $93,206.24
Average Tax Rate 30.77%
Comprehensive Deduction Rate 34.36%
Total Income $142,000.00
Total Deductions $49,638.47
Net Pay $92,361.53
Average Tax Rate 30.98%
Comprehensive Deduction Rate 34.96%
Total Income $142,000.00
Total Deductions $49,737.25
Net Pay $92,262.75
Average Tax Rate 31.43%
Comprehensive Deduction Rate 35.03%
Region Total Income Total Deductions Net Pay Average Tax Rate Comprehensive Deduction Rate
Nunavut $142,000.00 $37,759.33 $104,240.67 23% 26.59%
Yukon $142,000.00 $40,158.32 $101,841.68 24.69% 28.28%
British Columbia $142,000.00 $40,507.26 $101,492.74 24.93% 28.53%
Northwest Territories $142,000.00 $40,664.40 $101,335.60 25.04% 28.64%
Alberta $142,000.00 $41,203.36 $100,796.64 25.42% 29.02%
Ontario $142,000.00 $43,595.38 $98,404.62 27.11% 30.7%
Saskatchewan $142,000.00 $43,937.03 $98,062.97 27.35% 30.94%
New Brunswick $142,000.00 $46,416.43 $95,583.57 29.09% 32.69%
Manitoba $142,000.00 $46,593.00 $95,407.00 29.22% 32.81%
Newfoundland and Labrador $142,000.00 $47,115.57 $94,884.43 29.59% 33.18%
Prince Edward Island $142,000.00 $48,793.76 $93,206.24 30.77% 34.36%
Quebec $142,000.00 $49,638.47 $92,361.53 30.98% 34.96%
Nova Scotia $142,000.00 $49,737.25 $92,262.75 31.43% 35.03%
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.