2024 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$88,498.80
Salary
$88,498.80
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$22,892.01
Federal Tax
$11,899.75
Provincial Tax
$5,887.64
CPP Contributions
$4,055.50
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$1,049.12
Net Pay
$65,606.79
Marginal Tax Rate
29.65%
Average Tax Rate
20.1%
Comprehensive Deduction Rate
25.87%
Monthly Salary
Total Income
$7,374.90
Salary
$7,374.90
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,907.67
Federal Tax
$991.65
Provincial Tax
$490.64
CPP Contributions
$337.96
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$87.43
Net Pay
$5,467.23
Marginal Tax Rate
29.65%
Average Tax Rate
20.1%
Comprehensive Deduction Rate
25.87%
Biweekly Salary
Total Income
$3,403.80
Salary
$3,403.80
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$880.46
Federal Tax
$457.68
Provincial Tax
$226.45
CPP Contributions
$155.98
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$40.35
Net Pay
$2,523.34
Marginal Tax Rate
29.65%
Average Tax Rate
20.1%
Comprehensive Deduction Rate
25.87%
Weekly Salary
Total Income
$1,701.90
Salary
$1,701.90
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$440.23
Federal Tax
$228.84
Provincial Tax
$113.22
CPP Contributions
$77.99
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$20.18
Net Pay
$1,261.67
Marginal Tax Rate
29.65%
Average Tax Rate
20.1%
Comprehensive Deduction Rate
25.87%
Daily Salary
Total Income
$340.38
Salary
$340.38
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$88.05
Federal Tax
$45.77
Provincial Tax
$22.64
CPP Contributions
$15.60
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$4.04
Net Pay
$252.33
Marginal Tax Rate
29.65%
Average Tax Rate
20.1%
Comprehensive Deduction Rate
25.87%
Hourly Salary
Total Income
$45.38
Salary
$45.38
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$11.74
Federal Tax
$6.10
Provincial Tax
$3.02
CPP Contributions
$2.08
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.54
Net Pay
$33.64
Marginal Tax Rate
29.65%
Average Tax Rate
20.1%
Comprehensive Deduction Rate
25.87%
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
$88,498.80
Total Deductions
$20,672.51
Net Pay
$67,826.29
Average Tax Rate
17.59%
Comprehensive Deduction Rate
23.36%
Total Income
$88,498.80
Total Deductions
$21,690.93
Net Pay
$66,807.87
Average Tax Rate
18.74%
Comprehensive Deduction Rate
24.51%
Total Income
$88,498.80
Total Deductions
$21,961.56
Net Pay
$66,537.24
Average Tax Rate
19.05%
Comprehensive Deduction Rate
24.82%
Total Income
$88,498.80
Total Deductions
$22,134.47
Net Pay
$66,364.33
Average Tax Rate
19.24%
Comprehensive Deduction Rate
25.01%
Total Income
$88,498.80
Total Deductions
$22,892.01
Net Pay
$65,606.79
Average Tax Rate
20.1%
Comprehensive Deduction Rate
25.87%
Total Income
$88,498.80
Total Deductions
$23,220.50
Net Pay
$65,278.30
Average Tax Rate
20.47%
Comprehensive Deduction Rate
26.24%
Total Income
$88,498.80
Total Deductions
$24,616.64
Net Pay
$63,882.16
Average Tax Rate
22.05%
Comprehensive Deduction Rate
27.82%
Total Income
$88,498.80
Total Deductions
$25,185.86
Net Pay
$63,312.94
Average Tax Rate
22.69%
Comprehensive Deduction Rate
28.46%
Total Income
$88,498.80
Total Deductions
$25,451.52
Net Pay
$63,047.28
Average Tax Rate
22.99%
Comprehensive Deduction Rate
28.76%
Total Income
$88,498.80
Total Deductions
$26,029.64
Net Pay
$62,469.16
Average Tax Rate
23.64%
Comprehensive Deduction Rate
29.41%
Total Income
$88,498.80
Total Deductions
$26,738.07
Net Pay
$61,760.73
Average Tax Rate
24.44%
Comprehensive Deduction Rate
30.21%
Total Income
$88,498.80
Total Deductions
$26,778.08
Net Pay
$61,720.72
Average Tax Rate
23.91%
Comprehensive Deduction Rate
30.26%
Total Income
$88,498.80
Total Deductions
$27,779.26
Net Pay
$60,719.54
Average Tax Rate
25.62%
Comprehensive Deduction Rate
31.39%
| Region | Total Income | Total Deductions | Net Pay | Avg. Tax Rate | Comp. Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $88,498.80 | $20,672.51 | $67,826.29 | 17.59% | 23.36% |
| British Columbia | $88,498.80 | $21,690.93 | $66,807.87 | 18.74% | 24.51% |
| Northwest Territories | $88,498.80 | $21,961.56 | $66,537.24 | 19.05% | 24.82% |
| Yukon | $88,498.80 | $22,134.47 | $66,364.33 | 19.24% | 25.01% |
| Ontario | $88,498.80 | $22,892.01 | $65,606.79 | 20.1% | 25.87% |
| Alberta | $88,498.80 | $23,220.50 | $65,278.30 | 20.47% | 26.24% |
| Saskatchewan | $88,498.80 | $24,616.64 | $63,882.16 | 22.05% | 27.82% |
| Manitoba | $88,498.80 | $25,185.86 | $63,312.94 | 22.69% | 28.46% |
| New Brunswick | $88,498.80 | $25,451.52 | $63,047.28 | 22.99% | 28.76% |
| Newfoundland and Labrador | $88,498.80 | $26,029.64 | $62,469.16 | 23.64% | 29.41% |
| Prince Edward Island | $88,498.80 | $26,738.07 | $61,760.73 | 24.44% | 30.21% |
| Quebec | $88,498.80 | $26,778.08 | $61,720.72 | 23.91% | 30.26% |
| Nova Scotia | $88,498.80 | $27,779.26 | $60,719.54 | 25.62% | 31.39% |
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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