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2024 Ontario Income Tax Calculator

Calculate your take-home pay after tax.

Yearly Salary
Total Income $175,000.00
Salary $175,000.00
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00

RRSP $0.00

Total Deductions $58,364.55
Federal Tax $33,166.49
Provincial Tax $20,093.44
CPP Contributions $4,055.50
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $1,049.12

Net Pay $116,635.45

Marginal Tax Rate 47.97%
Average Tax Rate 30.43%
Comprehensive Deduction Rate 33.35%
Monthly Salary
Total Income $14,583.33
Salary $14,583.33
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00

RRSP $0.00

Total Deductions $4,863.71
Federal Tax $2,763.87
Provincial Tax $1,674.45
CPP Contributions $337.96
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $87.43

Net Pay $9,719.62

Marginal Tax Rate 47.97%
Average Tax Rate 30.43%
Comprehensive Deduction Rate 33.35%
Biweekly Salary
Total Income $6,730.77
Salary $6,730.77
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00

RRSP $0.00

Total Deductions $2,244.79
Federal Tax $1,275.63
Provincial Tax $772.82
CPP Contributions $155.98
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $40.35

Net Pay $4,485.98

Marginal Tax Rate 47.97%
Average Tax Rate 30.43%
Comprehensive Deduction Rate 33.35%
Weekly Salary
Total Income $3,365.38
Salary $3,365.38
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00

RRSP $0.00

Total Deductions $1,122.40
Federal Tax $637.82
Provincial Tax $386.41
CPP Contributions $77.99
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $20.18

Net Pay $2,242.99

Marginal Tax Rate 47.97%
Average Tax Rate 30.43%
Comprehensive Deduction Rate 33.35%
Daily Salary
Total Income $673.08
Salary $673.08
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00

RRSP $0.00

Total Deductions $224.48
Federal Tax $127.56
Provincial Tax $77.28
CPP Contributions $15.60
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $4.04

Net Pay $448.60

Marginal Tax Rate 47.97%
Average Tax Rate 30.43%
Comprehensive Deduction Rate 33.35%
Hourly Salary
Total Income $89.74
Salary $89.74
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00

RRSP $0.00

Total Deductions $29.93
Federal Tax $17.01
Provincial Tax $10.30
CPP Contributions $2.08
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $0.54

Net Pay $59.81

Marginal Tax Rate 47.97%
Average Tax Rate 30.43%
Comprehensive Deduction Rate 33.35%

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 $175,000.00
Total Deductions $49,408.33
Net Pay $125,591.67
Average Tax Rate 25.32%
Comprehensive Deduction Rate 28.23%
Total Income $175,000.00
Total Deductions $52,423.32
Net Pay $122,576.68
Average Tax Rate 27.04%
Comprehensive Deduction Rate 29.96%
Total Income $175,000.00
Total Deductions $53,517.90
Net Pay $121,482.10
Average Tax Rate 27.66%
Comprehensive Deduction Rate 30.58%
Total Income $175,000.00
Total Deductions $53,672.36
Net Pay $121,327.64
Average Tax Rate 27.75%
Comprehensive Deduction Rate 30.67%
Total Income $175,000.00
Total Deductions $53,992.26
Net Pay $121,007.74
Average Tax Rate 27.94%
Comprehensive Deduction Rate 30.85%
Total Income $175,000.00
Total Deductions $57,221.03
Net Pay $117,778.97
Average Tax Rate 29.78%
Comprehensive Deduction Rate 32.7%
Total Income $175,000.00
Total Deductions $58,364.55
Net Pay $116,635.45
Average Tax Rate 30.43%
Comprehensive Deduction Rate 33.35%
Total Income $175,000.00
Total Deductions $60,330.43
Net Pay $114,669.57
Average Tax Rate 31.56%
Comprehensive Deduction Rate 34.47%
Total Income $175,000.00
Total Deductions $60,969.00
Net Pay $114,031.00
Average Tax Rate 31.92%
Comprehensive Deduction Rate 34.84%
Total Income $175,000.00
Total Deductions $61,379.57
Net Pay $113,620.43
Average Tax Rate 32.16%
Comprehensive Deduction Rate 35.07%
Total Income $175,000.00
Total Deductions $63,615.26
Net Pay $111,384.74
Average Tax Rate 33.43%
Comprehensive Deduction Rate 36.35%
Total Income $175,000.00
Total Deductions $65,021.25
Net Pay $109,978.75
Average Tax Rate 34.24%
Comprehensive Deduction Rate 37.16%
Total Income $175,000.00
Total Deductions $65,345.36
Net Pay $109,654.64
Average Tax Rate 34.11%
Comprehensive Deduction Rate 37.34%
Region Total Income Total Deductions Net Pay Average Tax Rate Comprehensive Deduction Rate
Nunavut $175,000.00 $49,408.33 $125,591.67 25.32% 28.23%
Yukon $175,000.00 $52,423.32 $122,576.68 27.04% 29.96%
Northwest Territories $175,000.00 $53,517.90 $121,482.10 27.66% 30.58%
Alberta $175,000.00 $53,672.36 $121,327.64 27.75% 30.67%
British Columbia $175,000.00 $53,992.26 $121,007.74 27.94% 30.85%
Saskatchewan $175,000.00 $57,221.03 $117,778.97 29.78% 32.7%
Ontario $175,000.00 $58,364.55 $116,635.45 30.43% 33.35%
New Brunswick $175,000.00 $60,330.43 $114,669.57 31.56% 34.47%
Manitoba $175,000.00 $60,969.00 $114,031.00 31.92% 34.84%
Newfoundland and Labrador $175,000.00 $61,379.57 $113,620.43 32.16% 35.07%
Prince Edward Island $175,000.00 $63,615.26 $111,384.74 33.43% 36.35%
Nova Scotia $175,000.00 $65,021.25 $109,978.75 34.24% 37.16%
Quebec $175,000.00 $65,345.36 $109,654.64 34.11% 37.34%
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.