2024 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$172,000.00
Salary
$172,000.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$56,961.46
Federal Tax
$32,332.49
Provincial Tax
$19,524.35
CPP Contributions
$4,055.50
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$1,049.12
Net Pay
$115,038.54
Marginal Tax Rate
44.97%
Average Tax Rate
30.15%
Comprehensive Deduction Rate
33.12%
Monthly Salary
Total Income
$14,333.33
Salary
$14,333.33
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$4,746.79
Federal Tax
$2,694.37
Provincial Tax
$1,627.03
CPP Contributions
$337.96
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$87.43
Net Pay
$9,586.55
Marginal Tax Rate
44.97%
Average Tax Rate
30.15%
Comprehensive Deduction Rate
33.12%
Biweekly Salary
Total Income
$6,615.38
Salary
$6,615.38
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$2,190.83
Federal Tax
$1,243.56
Provincial Tax
$750.94
CPP Contributions
$155.98
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$40.35
Net Pay
$4,424.56
Marginal Tax Rate
44.97%
Average Tax Rate
30.15%
Comprehensive Deduction Rate
33.12%
Weekly Salary
Total Income
$3,307.69
Salary
$3,307.69
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,095.41
Federal Tax
$621.78
Provincial Tax
$375.47
CPP Contributions
$77.99
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$20.18
Net Pay
$2,212.28
Marginal Tax Rate
44.97%
Average Tax Rate
30.15%
Comprehensive Deduction Rate
33.12%
Daily Salary
Total Income
$661.54
Salary
$661.54
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$219.08
Federal Tax
$124.36
Provincial Tax
$75.09
CPP Contributions
$15.60
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$4.04
Net Pay
$442.46
Marginal Tax Rate
44.97%
Average Tax Rate
30.15%
Comprehensive Deduction Rate
33.12%
Hourly Salary
Total Income
$88.21
Salary
$88.21
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$29.21
Federal Tax
$16.58
Provincial Tax
$10.01
CPP Contributions
$2.08
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.54
Net Pay
$58.99
Marginal Tax Rate
44.97%
Average Tax Rate
30.15%
Comprehensive Deduction Rate
33.12%
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
$172,000.00
Total Deductions
$48,259.33
Net Pay
$123,740.67
Average Tax Rate
25.09%
Comprehensive Deduction Rate
28.06%
Total Income
$172,000.00
Total Deductions
$51,228.32
Net Pay
$120,771.68
Average Tax Rate
26.82%
Comprehensive Deduction Rate
29.78%
Total Income
$172,000.00
Total Deductions
$52,262.40
Net Pay
$119,737.60
Average Tax Rate
27.42%
Comprehensive Deduction Rate
30.39%
Total Income
$172,000.00
Total Deductions
$52,478.36
Net Pay
$119,521.64
Average Tax Rate
27.54%
Comprehensive Deduction Rate
30.51%
Total Income
$172,000.00
Total Deductions
$52,717.26
Net Pay
$119,282.74
Average Tax Rate
27.68%
Comprehensive Deduction Rate
30.65%
Total Income
$172,000.00
Total Deductions
$55,952.03
Net Pay
$116,047.97
Average Tax Rate
29.56%
Comprehensive Deduction Rate
32.53%
Total Income
$172,000.00
Total Deductions
$56,961.46
Net Pay
$115,038.54
Average Tax Rate
30.15%
Comprehensive Deduction Rate
33.12%
Total Income
$172,000.00
Total Deductions
$59,016.43
Net Pay
$112,983.57
Average Tax Rate
31.34%
Comprehensive Deduction Rate
34.31%
Total Income
$172,000.00
Total Deductions
$59,613.00
Net Pay
$112,387.00
Average Tax Rate
31.69%
Comprehensive Deduction Rate
34.66%
Total Income
$172,000.00
Total Deductions
$60,011.57
Net Pay
$111,988.43
Average Tax Rate
31.92%
Comprehensive Deduction Rate
34.89%
Total Income
$172,000.00
Total Deductions
$62,218.76
Net Pay
$109,781.24
Average Tax Rate
33.21%
Comprehensive Deduction Rate
36.17%
Total Income
$172,000.00
Total Deductions
$63,557.25
Net Pay
$108,442.75
Average Tax Rate
33.98%
Comprehensive Deduction Rate
36.95%
Total Income
$172,000.00
Total Deductions
$63,876.47
Net Pay
$108,123.53
Average Tax Rate
33.85%
Comprehensive Deduction Rate
37.14%
| Region | Total Income | Total Deductions | Net Pay | Average Tax Rate | Comprehensive Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $172,000.00 | $48,259.33 | $123,740.67 | 25.09% | 28.06% |
| Yukon | $172,000.00 | $51,228.32 | $120,771.68 | 26.82% | 29.78% |
| Northwest Territories | $172,000.00 | $52,262.40 | $119,737.60 | 27.42% | 30.39% |
| Alberta | $172,000.00 | $52,478.36 | $119,521.64 | 27.54% | 30.51% |
| British Columbia | $172,000.00 | $52,717.26 | $119,282.74 | 27.68% | 30.65% |
| Saskatchewan | $172,000.00 | $55,952.03 | $116,047.97 | 29.56% | 32.53% |
| Ontario | $172,000.00 | $56,961.46 | $115,038.54 | 30.15% | 33.12% |
| New Brunswick | $172,000.00 | $59,016.43 | $112,983.57 | 31.34% | 34.31% |
| Manitoba | $172,000.00 | $59,613.00 | $112,387.00 | 31.69% | 34.66% |
| Newfoundland and Labrador | $172,000.00 | $60,011.57 | $111,988.43 | 31.92% | 34.89% |
| Prince Edward Island | $172,000.00 | $62,218.76 | $109,781.24 | 33.21% | 36.17% |
| Nova Scotia | $172,000.00 | $63,557.25 | $108,442.75 | 33.98% | 36.95% |
| Quebec | $172,000.00 | $63,876.47 | $108,123.53 | 33.85% | 37.14% |
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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