2024 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$174,000.00
Salary
$174,000.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$57,884.85
Federal Tax
$32,876.49
Provincial Tax
$19,903.74
CPP Contributions
$4,055.50
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$1,049.12
Net Pay
$116,115.15
Marginal Tax Rate
47.97%
Average Tax Rate
30.33%
Comprehensive Deduction Rate
33.27%
Monthly Salary
Total Income
$14,500.00
Salary
$14,500.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$4,823.74
Federal Tax
$2,739.71
Provincial Tax
$1,658.65
CPP Contributions
$337.96
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$87.43
Net Pay
$9,676.26
Marginal Tax Rate
47.97%
Average Tax Rate
30.33%
Comprehensive Deduction Rate
33.27%
Biweekly Salary
Total Income
$6,692.31
Salary
$6,692.31
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$2,226.34
Federal Tax
$1,264.48
Provincial Tax
$765.53
CPP Contributions
$155.98
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$40.35
Net Pay
$4,465.97
Marginal Tax Rate
47.97%
Average Tax Rate
30.33%
Comprehensive Deduction Rate
33.27%
Weekly Salary
Total Income
$3,346.15
Salary
$3,346.15
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,113.17
Federal Tax
$632.24
Provincial Tax
$382.76
CPP Contributions
$77.99
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$20.18
Net Pay
$2,232.98
Marginal Tax Rate
47.97%
Average Tax Rate
30.33%
Comprehensive Deduction Rate
33.27%
Daily Salary
Total Income
$669.23
Salary
$669.23
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$222.63
Federal Tax
$126.45
Provincial Tax
$76.55
CPP Contributions
$15.60
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$4.04
Net Pay
$446.60
Marginal Tax Rate
47.97%
Average Tax Rate
30.33%
Comprehensive Deduction Rate
33.27%
Hourly Salary
Total Income
$89.23
Salary
$89.23
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$29.68
Federal Tax
$16.86
Provincial Tax
$10.21
CPP Contributions
$2.08
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.54
Net Pay
$59.55
Marginal Tax Rate
47.97%
Average Tax Rate
30.33%
Comprehensive Deduction Rate
33.27%
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
$174,000.00
Total Deductions
$49,003.33
Net Pay
$124,996.67
Average Tax Rate
25.23%
Comprehensive Deduction Rate
28.16%
Total Income
$174,000.00
Total Deductions
$52,005.32
Net Pay
$121,994.68
Average Tax Rate
26.95%
Comprehensive Deduction Rate
29.89%
Total Income
$174,000.00
Total Deductions
$53,087.40
Net Pay
$120,912.60
Average Tax Rate
27.58%
Comprehensive Deduction Rate
30.51%
Total Income
$174,000.00
Total Deductions
$53,262.36
Net Pay
$120,737.64
Average Tax Rate
27.68%
Comprehensive Deduction Rate
30.61%
Total Income
$174,000.00
Total Deductions
$53,555.26
Net Pay
$120,444.74
Average Tax Rate
27.85%
Comprehensive Deduction Rate
30.78%
Total Income
$174,000.00
Total Deductions
$56,786.03
Net Pay
$117,213.97
Average Tax Rate
29.7%
Comprehensive Deduction Rate
32.64%
Total Income
$174,000.00
Total Deductions
$57,884.85
Net Pay
$116,115.15
Average Tax Rate
30.33%
Comprehensive Deduction Rate
33.27%
Total Income
$174,000.00
Total Deductions
$59,880.43
Net Pay
$114,119.57
Average Tax Rate
31.48%
Comprehensive Deduction Rate
34.41%
Total Income
$174,000.00
Total Deductions
$60,505.00
Net Pay
$113,495.00
Average Tax Rate
31.84%
Comprehensive Deduction Rate
34.77%
Total Income
$174,000.00
Total Deductions
$60,911.57
Net Pay
$113,088.43
Average Tax Rate
32.07%
Comprehensive Deduction Rate
35.01%
Total Income
$174,000.00
Total Deductions
$63,137.76
Net Pay
$110,862.24
Average Tax Rate
33.35%
Comprehensive Deduction Rate
36.29%
Total Income
$174,000.00
Total Deductions
$64,521.25
Net Pay
$109,478.75
Average Tax Rate
34.15%
Comprehensive Deduction Rate
37.08%
Total Income
$174,000.00
Total Deductions
$64,845.71
Net Pay
$109,154.29
Average Tax Rate
34.02%
Comprehensive Deduction Rate
37.27%
| Region | Total Income | Total Deductions | Net Pay | Average Tax Rate | Comprehensive Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $174,000.00 | $49,003.33 | $124,996.67 | 25.23% | 28.16% |
| Yukon | $174,000.00 | $52,005.32 | $121,994.68 | 26.95% | 29.89% |
| Northwest Territories | $174,000.00 | $53,087.40 | $120,912.60 | 27.58% | 30.51% |
| Alberta | $174,000.00 | $53,262.36 | $120,737.64 | 27.68% | 30.61% |
| British Columbia | $174,000.00 | $53,555.26 | $120,444.74 | 27.85% | 30.78% |
| Saskatchewan | $174,000.00 | $56,786.03 | $117,213.97 | 29.7% | 32.64% |
| Ontario | $174,000.00 | $57,884.85 | $116,115.15 | 30.33% | 33.27% |
| New Brunswick | $174,000.00 | $59,880.43 | $114,119.57 | 31.48% | 34.41% |
| Manitoba | $174,000.00 | $60,505.00 | $113,495.00 | 31.84% | 34.77% |
| Newfoundland and Labrador | $174,000.00 | $60,911.57 | $113,088.43 | 32.07% | 35.01% |
| Prince Edward Island | $174,000.00 | $63,137.76 | $110,862.24 | 33.35% | 36.29% |
| Nova Scotia | $174,000.00 | $64,521.25 | $109,478.75 | 34.15% | 37.08% |
| Quebec | $174,000.00 | $64,845.71 | $109,154.29 | 34.02% | 37.27% |
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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