2024 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$162,000.00
Salary
$162,000.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$52,464.50
Federal Tax
$29,732.49
Provincial Tax
$17,627.39
CPP Contributions
$4,055.50
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$1,049.12
Net Pay
$109,535.50
Marginal Tax Rate
44.97%
Average Tax Rate
29.23%
Comprehensive Deduction Rate
32.39%
Monthly Salary
Total Income
$13,500.00
Salary
$13,500.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$4,372.04
Federal Tax
$2,477.71
Provincial Tax
$1,468.95
CPP Contributions
$337.96
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$87.43
Net Pay
$9,127.96
Marginal Tax Rate
44.97%
Average Tax Rate
29.23%
Comprehensive Deduction Rate
32.39%
Biweekly Salary
Total Income
$6,230.77
Salary
$6,230.77
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$2,017.87
Federal Tax
$1,143.56
Provincial Tax
$677.98
CPP Contributions
$155.98
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$40.35
Net Pay
$4,212.90
Marginal Tax Rate
44.97%
Average Tax Rate
29.23%
Comprehensive Deduction Rate
32.39%
Weekly Salary
Total Income
$3,115.38
Salary
$3,115.38
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,008.93
Federal Tax
$571.78
Provincial Tax
$338.99
CPP Contributions
$77.99
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$20.18
Net Pay
$2,106.45
Marginal Tax Rate
44.97%
Average Tax Rate
29.23%
Comprehensive Deduction Rate
32.39%
Daily Salary
Total Income
$623.08
Salary
$623.08
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$201.79
Federal Tax
$114.36
Provincial Tax
$67.80
CPP Contributions
$15.60
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$4.04
Net Pay
$421.29
Marginal Tax Rate
44.97%
Average Tax Rate
29.23%
Comprehensive Deduction Rate
32.39%
Hourly Salary
Total Income
$83.08
Salary
$83.08
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$26.90
Federal Tax
$15.25
Provincial Tax
$9.04
CPP Contributions
$2.08
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.54
Net Pay
$56.17
Marginal Tax Rate
44.97%
Average Tax Rate
29.23%
Comprehensive Deduction Rate
32.39%
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
$162,000.00
Total Deductions
$44,759.33
Net Pay
$117,240.67
Average Tax Rate
24.48%
Comprehensive Deduction Rate
27.63%
Total Income
$162,000.00
Total Deductions
$47,538.32
Net Pay
$114,461.68
Average Tax Rate
26.19%
Comprehensive Deduction Rate
29.34%
Total Income
$162,000.00
Total Deductions
$48,304.40
Net Pay
$113,695.60
Average Tax Rate
26.67%
Comprehensive Deduction Rate
29.82%
Total Income
$162,000.00
Total Deductions
$48,647.26
Net Pay
$113,352.74
Average Tax Rate
26.88%
Comprehensive Deduction Rate
30.03%
Total Income
$162,000.00
Total Deductions
$48,678.36
Net Pay
$113,321.64
Average Tax Rate
26.9%
Comprehensive Deduction Rate
30.05%
Total Income
$162,000.00
Total Deductions
$51,902.03
Net Pay
$110,097.97
Average Tax Rate
28.89%
Comprehensive Deduction Rate
32.04%
Total Income
$162,000.00
Total Deductions
$52,464.50
Net Pay
$109,535.50
Average Tax Rate
29.23%
Comprehensive Deduction Rate
32.39%
Total Income
$162,000.00
Total Deductions
$54,816.43
Net Pay
$107,183.57
Average Tax Rate
30.69%
Comprehensive Deduction Rate
33.84%
Total Income
$162,000.00
Total Deductions
$55,273.00
Net Pay
$106,727.00
Average Tax Rate
30.97%
Comprehensive Deduction Rate
34.12%
Total Income
$162,000.00
Total Deductions
$55,631.57
Net Pay
$106,368.43
Average Tax Rate
31.19%
Comprehensive Deduction Rate
34.34%
Total Income
$162,000.00
Total Deductions
$57,743.76
Net Pay
$104,256.24
Average Tax Rate
32.49%
Comprehensive Deduction Rate
35.64%
Total Income
$162,000.00
Total Deductions
$58,857.25
Net Pay
$103,142.75
Average Tax Rate
33.18%
Comprehensive Deduction Rate
36.33%
Total Income
$162,000.00
Total Deductions
$59,130.47
Net Pay
$102,869.53
Average Tax Rate
33.01%
Comprehensive Deduction Rate
36.5%
| Region | Total Income | Total Deductions | Net Pay | Average Tax Rate | Comprehensive Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $162,000.00 | $44,759.33 | $117,240.67 | 24.48% | 27.63% |
| Yukon | $162,000.00 | $47,538.32 | $114,461.68 | 26.19% | 29.34% |
| Northwest Territories | $162,000.00 | $48,304.40 | $113,695.60 | 26.67% | 29.82% |
| British Columbia | $162,000.00 | $48,647.26 | $113,352.74 | 26.88% | 30.03% |
| Alberta | $162,000.00 | $48,678.36 | $113,321.64 | 26.9% | 30.05% |
| Saskatchewan | $162,000.00 | $51,902.03 | $110,097.97 | 28.89% | 32.04% |
| Ontario | $162,000.00 | $52,464.50 | $109,535.50 | 29.23% | 32.39% |
| New Brunswick | $162,000.00 | $54,816.43 | $107,183.57 | 30.69% | 33.84% |
| Manitoba | $162,000.00 | $55,273.00 | $106,727.00 | 30.97% | 34.12% |
| Newfoundland and Labrador | $162,000.00 | $55,631.57 | $106,368.43 | 31.19% | 34.34% |
| Prince Edward Island | $162,000.00 | $57,743.76 | $104,256.24 | 32.49% | 35.64% |
| Nova Scotia | $162,000.00 | $58,857.25 | $103,142.75 | 33.18% | 36.33% |
| Quebec | $162,000.00 | $59,130.47 | $102,869.53 | 33.01% | 36.5% |
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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