2024 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$248,400.00
Salary
$248,400.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$94,233.28
Federal Tax
$54,518.49
Provincial Tax
$34,610.17
CPP Contributions
$4,055.50
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$1,049.12
Net Pay
$154,166.72
Marginal Tax Rate
53.53%
Average Tax Rate
35.88%
Comprehensive Deduction Rate
37.94%
Monthly Salary
Total Income
$20,700.00
Salary
$20,700.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$7,852.77
Federal Tax
$4,543.21
Provincial Tax
$2,884.18
CPP Contributions
$337.96
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$87.43
Net Pay
$12,847.23
Marginal Tax Rate
53.53%
Average Tax Rate
35.88%
Comprehensive Deduction Rate
37.94%
Biweekly Salary
Total Income
$9,553.85
Salary
$9,553.85
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$3,624.36
Federal Tax
$2,096.87
Provincial Tax
$1,331.16
CPP Contributions
$155.98
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$40.35
Net Pay
$5,929.49
Marginal Tax Rate
53.53%
Average Tax Rate
35.88%
Comprehensive Deduction Rate
37.94%
Weekly Salary
Total Income
$4,776.92
Salary
$4,776.92
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,812.18
Federal Tax
$1,048.43
Provincial Tax
$665.58
CPP Contributions
$77.99
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$20.18
Net Pay
$2,964.74
Marginal Tax Rate
53.53%
Average Tax Rate
35.88%
Comprehensive Deduction Rate
37.94%
Daily Salary
Total Income
$955.38
Salary
$955.38
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$362.44
Federal Tax
$209.69
Provincial Tax
$133.12
CPP Contributions
$15.60
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$4.04
Net Pay
$592.95
Marginal Tax Rate
53.53%
Average Tax Rate
35.88%
Comprehensive Deduction Rate
37.94%
Hourly Salary
Total Income
$127.38
Salary
$127.38
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$48.32
Federal Tax
$27.96
Provincial Tax
$17.75
CPP Contributions
$2.08
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.54
Net Pay
$79.06
Marginal Tax Rate
53.53%
Average Tax Rate
35.88%
Comprehensive Deduction Rate
37.94%
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 monthly salaries
Annual Income Tax by Province/Territory
Total Income
$248,400.00
Total Deductions
$79,201.33
Net Pay
$169,198.67
Average Tax Rate
29.83%
Comprehensive Deduction Rate
31.88%
Total Income
$248,400.00
Total Deductions
$83,170.52
Net Pay
$165,229.48
Average Tax Rate
31.43%
Comprehensive Deduction Rate
33.48%
Total Income
$248,400.00
Total Deductions
$84,648.36
Net Pay
$163,751.64
Average Tax Rate
32.02%
Comprehensive Deduction Rate
34.08%
Total Income
$248,400.00
Total Deductions
$85,182.60
Net Pay
$163,217.40
Average Tax Rate
32.24%
Comprehensive Deduction Rate
34.29%
Total Income
$248,400.00
Total Deductions
$87,544.46
Net Pay
$160,855.54
Average Tax Rate
33.19%
Comprehensive Deduction Rate
35.24%
Total Income
$248,400.00
Total Deductions
$89,216.03
Net Pay
$159,183.97
Average Tax Rate
33.86%
Comprehensive Deduction Rate
35.92%
Total Income
$248,400.00
Total Deductions
$94,233.28
Net Pay
$154,166.72
Average Tax Rate
35.88%
Comprehensive Deduction Rate
37.94%
Total Income
$248,400.00
Total Deductions
$95,092.60
Net Pay
$153,307.40
Average Tax Rate
36.23%
Comprehensive Deduction Rate
38.28%
Total Income
$248,400.00
Total Deductions
$95,642.43
Net Pay
$152,757.57
Average Tax Rate
36.45%
Comprehensive Deduction Rate
38.5%
Total Income
$248,400.00
Total Deductions
$96,445.77
Net Pay
$151,954.23
Average Tax Rate
36.77%
Comprehensive Deduction Rate
38.83%
Total Income
$248,400.00
Total Deductions
$98,729.76
Net Pay
$149,670.24
Average Tax Rate
37.69%
Comprehensive Deduction Rate
39.75%
Total Income
$248,400.00
Total Deductions
$101,787.25
Net Pay
$146,612.75
Average Tax Rate
38.92%
Comprehensive Deduction Rate
40.98%
Total Income
$248,400.00
Total Deductions
$102,074.78
Net Pay
$146,325.22
Average Tax Rate
38.82%
Comprehensive Deduction Rate
41.09%
| Region | Total Income | Total Deductions | Net Pay | Average Tax Rate | Comprehensive Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $248,400.00 | $79,201.33 | $169,198.67 | 29.83% | 31.88% |
| Yukon | $248,400.00 | $83,170.52 | $165,229.48 | 31.43% | 33.48% |
| Alberta | $248,400.00 | $84,648.36 | $163,751.64 | 32.02% | 34.08% |
| Northwest Territories | $248,400.00 | $85,182.60 | $163,217.40 | 32.24% | 34.29% |
| British Columbia | $248,400.00 | $87,544.46 | $160,855.54 | 33.19% | 35.24% |
| Saskatchewan | $248,400.00 | $89,216.03 | $159,183.97 | 33.86% | 35.92% |
| Ontario | $248,400.00 | $94,233.28 | $154,166.72 | 35.88% | 37.94% |
| Manitoba | $248,400.00 | $95,092.60 | $153,307.40 | 36.23% | 38.28% |
| New Brunswick | $248,400.00 | $95,642.43 | $152,757.57 | 36.45% | 38.5% |
| Newfoundland and Labrador | $248,400.00 | $96,445.77 | $151,954.23 | 36.77% | 38.83% |
| Prince Edward Island | $248,400.00 | $98,729.76 | $149,670.24 | 37.69% | 39.75% |
| Nova Scotia | $248,400.00 | $101,787.25 | $146,612.75 | 38.92% | 40.98% |
| Quebec | $248,400.00 | $102,074.78 | $146,325.22 | 38.82% | 41.09% |
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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