2024 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$155,000.00
Salary
$155,000.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$49,316.63
Federal Tax
$27,912.49
Provincial Tax
$16,299.52
CPP Contributions
$4,055.50
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$1,049.12
Net Pay
$105,683.37
Marginal Tax Rate
44.97%
Average Tax Rate
28.52%
Comprehensive Deduction Rate
31.82%
Monthly Salary
Total Income
$12,916.67
Salary
$12,916.67
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$4,109.72
Federal Tax
$2,326.04
Provincial Tax
$1,358.29
CPP Contributions
$337.96
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$87.43
Net Pay
$8,806.95
Marginal Tax Rate
44.97%
Average Tax Rate
28.52%
Comprehensive Deduction Rate
31.82%
Biweekly Salary
Total Income
$5,961.54
Salary
$5,961.54
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,896.79
Federal Tax
$1,073.56
Provincial Tax
$626.90
CPP Contributions
$155.98
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$40.35
Net Pay
$4,064.75
Marginal Tax Rate
44.97%
Average Tax Rate
28.52%
Comprehensive Deduction Rate
31.82%
Weekly Salary
Total Income
$2,980.77
Salary
$2,980.77
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$948.40
Federal Tax
$536.78
Provincial Tax
$313.45
CPP Contributions
$77.99
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$20.18
Net Pay
$2,032.37
Marginal Tax Rate
44.97%
Average Tax Rate
28.52%
Comprehensive Deduction Rate
31.82%
Daily Salary
Total Income
$596.15
Salary
$596.15
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$189.68
Federal Tax
$107.36
Provincial Tax
$62.69
CPP Contributions
$15.60
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$4.04
Net Pay
$406.47
Marginal Tax Rate
44.97%
Average Tax Rate
28.52%
Comprehensive Deduction Rate
31.82%
Hourly Salary
Total Income
$79.49
Salary
$79.49
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$25.29
Federal Tax
$14.31
Provincial Tax
$8.36
CPP Contributions
$2.08
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.54
Net Pay
$54.20
Marginal Tax Rate
44.97%
Average Tax Rate
28.52%
Comprehensive Deduction Rate
31.82%
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
$155,000.00
Total Deductions
$42,309.33
Net Pay
$112,690.67
Average Tax Rate
24%
Comprehensive Deduction Rate
27.3%
Total Income
$155,000.00
Total Deductions
$44,955.32
Net Pay
$110,044.68
Average Tax Rate
25.71%
Comprehensive Deduction Rate
29%
Total Income
$155,000.00
Total Deductions
$45,630.40
Net Pay
$109,369.60
Average Tax Rate
26.15%
Comprehensive Deduction Rate
29.44%
Total Income
$155,000.00
Total Deductions
$45,798.26
Net Pay
$109,201.74
Average Tax Rate
26.25%
Comprehensive Deduction Rate
29.55%
Total Income
$155,000.00
Total Deductions
$46,018.36
Net Pay
$108,981.64
Average Tax Rate
26.4%
Comprehensive Deduction Rate
29.69%
Total Income
$155,000.00
Total Deductions
$49,067.03
Net Pay
$105,932.97
Average Tax Rate
28.36%
Comprehensive Deduction Rate
31.66%
Total Income
$155,000.00
Total Deductions
$49,316.63
Net Pay
$105,683.37
Average Tax Rate
28.52%
Comprehensive Deduction Rate
31.82%
Total Income
$155,000.00
Total Deductions
$51,876.43
Net Pay
$103,123.57
Average Tax Rate
30.18%
Comprehensive Deduction Rate
33.47%
Total Income
$155,000.00
Total Deductions
$52,235.00
Net Pay
$102,765.00
Average Tax Rate
30.41%
Comprehensive Deduction Rate
33.7%
Total Income
$155,000.00
Total Deductions
$52,565.57
Net Pay
$102,434.43
Average Tax Rate
30.62%
Comprehensive Deduction Rate
33.91%
Total Income
$155,000.00
Total Deductions
$54,611.26
Net Pay
$100,388.74
Average Tax Rate
31.94%
Comprehensive Deduction Rate
35.23%
Total Income
$155,000.00
Total Deductions
$55,567.25
Net Pay
$99,432.75
Average Tax Rate
32.56%
Comprehensive Deduction Rate
35.85%
Total Income
$155,000.00
Total Deductions
$55,808.27
Net Pay
$99,191.73
Average Tax Rate
32.36%
Comprehensive Deduction Rate
36.01%
| Region | Total Income | Total Deductions | Net Pay | Average Tax Rate | Comprehensive Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $155,000.00 | $42,309.33 | $112,690.67 | 24% | 27.3% |
| Yukon | $155,000.00 | $44,955.32 | $110,044.68 | 25.71% | 29% |
| Northwest Territories | $155,000.00 | $45,630.40 | $109,369.60 | 26.15% | 29.44% |
| British Columbia | $155,000.00 | $45,798.26 | $109,201.74 | 26.25% | 29.55% |
| Alberta | $155,000.00 | $46,018.36 | $108,981.64 | 26.4% | 29.69% |
| Saskatchewan | $155,000.00 | $49,067.03 | $105,932.97 | 28.36% | 31.66% |
| Ontario | $155,000.00 | $49,316.63 | $105,683.37 | 28.52% | 31.82% |
| New Brunswick | $155,000.00 | $51,876.43 | $103,123.57 | 30.18% | 33.47% |
| Manitoba | $155,000.00 | $52,235.00 | $102,765.00 | 30.41% | 33.7% |
| Newfoundland and Labrador | $155,000.00 | $52,565.57 | $102,434.43 | 30.62% | 33.91% |
| Prince Edward Island | $155,000.00 | $54,611.26 | $100,388.74 | 31.94% | 35.23% |
| Nova Scotia | $155,000.00 | $55,567.25 | $99,432.75 | 32.56% | 35.85% |
| Quebec | $155,000.00 | $55,808.27 | $99,191.73 | 32.36% | 36.01% |
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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