2024 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$55,672.50
Salary
$55,672.50
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$12,021.04
Federal Tax
$5,237.18
Provincial Tax
$2,755.44
CPP Contributions
$3,104.26
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$924.16
Net Pay
$43,651.46
Marginal Tax Rate
22.75%
Average Tax Rate
14.36%
Comprehensive Deduction Rate
21.59%
Monthly Salary
Total Income
$4,639.38
Salary
$4,639.38
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,001.75
Federal Tax
$436.43
Provincial Tax
$229.62
CPP Contributions
$258.69
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$77.01
Net Pay
$3,637.62
Marginal Tax Rate
22.75%
Average Tax Rate
14.36%
Comprehensive Deduction Rate
21.59%
Biweekly Salary
Total Income
$2,141.25
Salary
$2,141.25
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$462.35
Federal Tax
$201.43
Provincial Tax
$105.98
CPP Contributions
$119.39
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$35.54
Net Pay
$1,678.90
Marginal Tax Rate
22.75%
Average Tax Rate
14.36%
Comprehensive Deduction Rate
21.59%
Weekly Salary
Total Income
$1,070.63
Salary
$1,070.63
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$231.17
Federal Tax
$100.72
Provincial Tax
$52.99
CPP Contributions
$59.70
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$17.77
Net Pay
$839.45
Marginal Tax Rate
22.75%
Average Tax Rate
14.36%
Comprehensive Deduction Rate
21.59%
Daily Salary
Total Income
$214.13
Salary
$214.13
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$46.23
Federal Tax
$20.14
Provincial Tax
$10.60
CPP Contributions
$11.94
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$3.55
Net Pay
$167.89
Marginal Tax Rate
22.75%
Average Tax Rate
14.36%
Comprehensive Deduction Rate
21.59%
Hourly Salary
Total Income
$28.55
Salary
$28.55
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$6.16
Federal Tax
$2.69
Provincial Tax
$1.41
CPP Contributions
$1.59
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.47
Net Pay
$22.39
Marginal Tax Rate
22.75%
Average Tax Rate
14.36%
Comprehensive Deduction Rate
21.59%
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
$55,672.50
Total Deductions
$10,652.86
Net Pay
$45,019.64
Average Tax Rate
11.9%
Comprehensive Deduction Rate
19.13%
Total Income
$55,672.50
Total Deductions
$11,424.75
Net Pay
$44,247.75
Average Tax Rate
13.29%
Comprehensive Deduction Rate
20.52%
Total Income
$55,672.50
Total Deductions
$11,445.99
Net Pay
$44,226.51
Average Tax Rate
13.32%
Comprehensive Deduction Rate
20.56%
Total Income
$55,672.50
Total Deductions
$11,473.99
Net Pay
$44,198.51
Average Tax Rate
13.37%
Comprehensive Deduction Rate
20.61%
Total Income
$55,672.50
Total Deductions
$12,021.04
Net Pay
$43,651.46
Average Tax Rate
14.36%
Comprehensive Deduction Rate
21.59%
Total Income
$55,672.50
Total Deductions
$12,241.51
Net Pay
$43,430.99
Average Tax Rate
14.75%
Comprehensive Deduction Rate
21.99%
Total Income
$55,672.50
Total Deductions
$12,819.12
Net Pay
$42,853.38
Average Tax Rate
15.79%
Comprehensive Deduction Rate
23.03%
Total Income
$55,672.50
Total Deductions
$13,156.94
Net Pay
$42,515.56
Average Tax Rate
16.4%
Comprehensive Deduction Rate
23.63%
Total Income
$55,672.50
Total Deductions
$13,307.53
Net Pay
$42,364.97
Average Tax Rate
16.67%
Comprehensive Deduction Rate
23.9%
Total Income
$55,672.50
Total Deductions
$13,541.47
Net Pay
$42,131.03
Average Tax Rate
17.09%
Comprehensive Deduction Rate
24.32%
Total Income
$55,672.50
Total Deductions
$13,701.12
Net Pay
$41,971.39
Average Tax Rate
16.8%
Comprehensive Deduction Rate
24.61%
Total Income
$55,672.50
Total Deductions
$13,835.97
Net Pay
$41,836.53
Average Tax Rate
17.62%
Comprehensive Deduction Rate
24.85%
Total Income
$55,672.50
Total Deductions
$14,564.13
Net Pay
$41,108.37
Average Tax Rate
18.92%
Comprehensive Deduction Rate
26.16%
| Region | Total Income | Total Deductions | Net Pay | Avg. Tax Rate | Comp. Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $55,672.50 | $10,652.86 | $45,019.64 | 11.9% | 19.13% |
| Northwest Territories | $55,672.50 | $11,424.75 | $44,247.75 | 13.29% | 20.52% |
| British Columbia | $55,672.50 | $11,445.99 | $44,226.51 | 13.32% | 20.56% |
| Yukon | $55,672.50 | $11,473.99 | $44,198.51 | 13.37% | 20.61% |
| Ontario | $55,672.50 | $12,021.04 | $43,651.46 | 14.36% | 21.59% |
| Alberta | $55,672.50 | $12,241.51 | $43,430.99 | 14.75% | 21.99% |
| Saskatchewan | $55,672.50 | $12,819.12 | $42,853.38 | 15.79% | 23.03% |
| New Brunswick | $55,672.50 | $13,156.94 | $42,515.56 | 16.4% | 23.63% |
| Manitoba | $55,672.50 | $13,307.53 | $42,364.97 | 16.67% | 23.9% |
| Newfoundland and Labrador | $55,672.50 | $13,541.47 | $42,131.03 | 17.09% | 24.32% |
| Quebec | $55,672.50 | $13,701.12 | $41,971.39 | 16.8% | 24.61% |
| Prince Edward Island | $55,672.50 | $13,835.97 | $41,836.53 | 17.62% | 24.85% |
| Nova Scotia | $55,672.50 | $14,564.13 | $41,108.37 | 18.92% | 26.16% |
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.
Jobs paying $2,141+/biweekly
Paladin Security
-
140 Jobs
Toronto, ON
$55,000 - $65,000 / year
Full-time
9 days ago
League Savings and Mortgage
-
4 Jobs
Multiple Locations
$117,456 - $138,184 / year
Full-time
11 days ago
Paladin Security
-
140 Jobs
Sarnia, ON
$65,000 - $75,000 / year
Full-time
9 days ago
Are you looking to relocate to Ontario or just browsing through cities within the province/territory?
Check out our Ontario demographics page for more information.