2024 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$148,000.00
Salary
$148,000.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$46,199.96
Federal Tax
$26,092.49
Provincial Tax
$15,002.85
CPP Contributions
$4,055.50
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$1,049.12
Net Pay
$101,800.04
Marginal Tax Rate
43.41%
Average Tax Rate
27.77%
Comprehensive Deduction Rate
31.22%
Monthly Salary
Total Income
$12,333.33
Salary
$12,333.33
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$3,850.00
Federal Tax
$2,174.37
Provincial Tax
$1,250.24
CPP Contributions
$337.96
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$87.43
Net Pay
$8,483.34
Marginal Tax Rate
43.41%
Average Tax Rate
27.77%
Comprehensive Deduction Rate
31.22%
Biweekly Salary
Total Income
$5,692.31
Salary
$5,692.31
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,776.92
Federal Tax
$1,003.56
Provincial Tax
$577.03
CPP Contributions
$155.98
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$40.35
Net Pay
$3,915.39
Marginal Tax Rate
43.41%
Average Tax Rate
27.77%
Comprehensive Deduction Rate
31.22%
Weekly Salary
Total Income
$2,846.15
Salary
$2,846.15
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$888.46
Federal Tax
$501.78
Provincial Tax
$288.52
CPP Contributions
$77.99
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$20.18
Net Pay
$1,957.69
Marginal Tax Rate
43.41%
Average Tax Rate
27.77%
Comprehensive Deduction Rate
31.22%
Daily Salary
Total Income
$569.23
Salary
$569.23
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$177.69
Federal Tax
$100.36
Provincial Tax
$57.70
CPP Contributions
$15.60
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$4.04
Net Pay
$391.54
Marginal Tax Rate
43.41%
Average Tax Rate
27.77%
Comprehensive Deduction Rate
31.22%
Hourly Salary
Total Income
$75.90
Salary
$75.90
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$23.69
Federal Tax
$13.38
Provincial Tax
$7.69
CPP Contributions
$2.08
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.54
Net Pay
$52.21
Marginal Tax Rate
43.41%
Average Tax Rate
27.77%
Comprehensive Deduction Rate
31.22%
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
$148,000.00
Total Deductions
$39,859.33
Net Pay
$108,140.67
Average Tax Rate
23.48%
Comprehensive Deduction Rate
26.93%
Total Income
$148,000.00
Total Deductions
$42,372.32
Net Pay
$105,627.68
Average Tax Rate
25.18%
Comprehensive Deduction Rate
28.63%
Total Income
$148,000.00
Total Deductions
$42,949.26
Net Pay
$105,050.74
Average Tax Rate
25.57%
Comprehensive Deduction Rate
29.02%
Total Income
$148,000.00
Total Deductions
$42,956.40
Net Pay
$105,043.60
Average Tax Rate
25.58%
Comprehensive Deduction Rate
29.02%
Total Income
$148,000.00
Total Deductions
$43,363.36
Net Pay
$104,636.64
Average Tax Rate
25.85%
Comprehensive Deduction Rate
29.3%
Total Income
$148,000.00
Total Deductions
$46,199.96
Net Pay
$101,800.04
Average Tax Rate
27.77%
Comprehensive Deduction Rate
31.22%
Total Income
$148,000.00
Total Deductions
$46,247.03
Net Pay
$101,752.97
Average Tax Rate
27.8%
Comprehensive Deduction Rate
31.25%
Total Income
$148,000.00
Total Deductions
$48,936.43
Net Pay
$99,063.57
Average Tax Rate
29.62%
Comprehensive Deduction Rate
33.07%
Total Income
$148,000.00
Total Deductions
$49,197.00
Net Pay
$98,803.00
Average Tax Rate
29.79%
Comprehensive Deduction Rate
33.24%
Total Income
$148,000.00
Total Deductions
$49,623.57
Net Pay
$98,376.43
Average Tax Rate
30.08%
Comprehensive Deduction Rate
33.53%
Total Income
$148,000.00
Total Deductions
$51,478.76
Net Pay
$96,521.24
Average Tax Rate
31.33%
Comprehensive Deduction Rate
34.78%
Total Income
$148,000.00
Total Deductions
$52,347.25
Net Pay
$95,652.75
Average Tax Rate
31.92%
Comprehensive Deduction Rate
35.37%
Total Income
$148,000.00
Total Deductions
$52,486.07
Net Pay
$95,513.93
Average Tax Rate
31.65%
Comprehensive Deduction Rate
35.46%
| Region | Total Income | Total Deductions | Net Pay | Average Tax Rate | Comprehensive Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $148,000.00 | $39,859.33 | $108,140.67 | 23.48% | 26.93% |
| Yukon | $148,000.00 | $42,372.32 | $105,627.68 | 25.18% | 28.63% |
| British Columbia | $148,000.00 | $42,949.26 | $105,050.74 | 25.57% | 29.02% |
| Northwest Territories | $148,000.00 | $42,956.40 | $105,043.60 | 25.58% | 29.02% |
| Alberta | $148,000.00 | $43,363.36 | $104,636.64 | 25.85% | 29.3% |
| Ontario | $148,000.00 | $46,199.96 | $101,800.04 | 27.77% | 31.22% |
| Saskatchewan | $148,000.00 | $46,247.03 | $101,752.97 | 27.8% | 31.25% |
| New Brunswick | $148,000.00 | $48,936.43 | $99,063.57 | 29.62% | 33.07% |
| Manitoba | $148,000.00 | $49,197.00 | $98,803.00 | 29.79% | 33.24% |
| Newfoundland and Labrador | $148,000.00 | $49,623.57 | $98,376.43 | 30.08% | 33.53% |
| Prince Edward Island | $148,000.00 | $51,478.76 | $96,521.24 | 31.33% | 34.78% |
| Nova Scotia | $148,000.00 | $52,347.25 | $95,652.75 | 31.92% | 35.37% |
| Quebec | $148,000.00 | $52,486.07 | $95,513.93 | 31.65% | 35.46% |
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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