2024 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$218,000.00
Salary
$218,000.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$79,141.48
Federal Tax
$45,636.49
Provincial Tax
$28,400.37
CPP Contributions
$4,055.50
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$1,049.12
Net Pay
$138,858.52
Marginal Tax Rate
47.97%
Average Tax Rate
33.96%
Comprehensive Deduction Rate
36.3%
Monthly Salary
Total Income
$18,166.67
Salary
$18,166.67
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$6,595.12
Federal Tax
$3,803.04
Provincial Tax
$2,366.70
CPP Contributions
$337.96
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$87.43
Net Pay
$11,571.54
Marginal Tax Rate
47.97%
Average Tax Rate
33.96%
Comprehensive Deduction Rate
36.3%
Biweekly Salary
Total Income
$8,384.62
Salary
$8,384.62
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$3,043.90
Federal Tax
$1,755.25
Provincial Tax
$1,092.32
CPP Contributions
$155.98
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$40.35
Net Pay
$5,340.71
Marginal Tax Rate
47.97%
Average Tax Rate
33.96%
Comprehensive Deduction Rate
36.3%
Weekly Salary
Total Income
$4,192.31
Salary
$4,192.31
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,521.95
Federal Tax
$877.62
Provincial Tax
$546.16
CPP Contributions
$77.99
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$20.18
Net Pay
$2,670.36
Marginal Tax Rate
47.97%
Average Tax Rate
33.96%
Comprehensive Deduction Rate
36.3%
Daily Salary
Total Income
$838.46
Salary
$838.46
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$304.39
Federal Tax
$175.52
Provincial Tax
$109.23
CPP Contributions
$15.60
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$4.04
Net Pay
$534.07
Marginal Tax Rate
47.97%
Average Tax Rate
33.96%
Comprehensive Deduction Rate
36.3%
Hourly Salary
Total Income
$111.79
Salary
$111.79
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$40.59
Federal Tax
$23.40
Provincial Tax
$14.56
CPP Contributions
$2.08
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.54
Net Pay
$71.21
Marginal Tax Rate
47.97%
Average Tax Rate
33.96%
Comprehensive Deduction Rate
36.3%
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
$218,000.00
Total Deductions
$66,823.33
Net Pay
$151,176.67
Average Tax Rate
28.31%
Comprehensive Deduction Rate
30.65%
Total Income
$218,000.00
Total Deductions
$70,397.32
Net Pay
$147,602.68
Average Tax Rate
29.95%
Comprehensive Deduction Rate
32.29%
Total Income
$218,000.00
Total Deductions
$71,702.36
Net Pay
$146,297.64
Average Tax Rate
30.55%
Comprehensive Deduction Rate
32.89%
Total Income
$218,000.00
Total Deductions
$72,029.40
Net Pay
$145,970.60
Average Tax Rate
30.7%
Comprehensive Deduction Rate
33.04%
Total Income
$218,000.00
Total Deductions
$73,555.26
Net Pay
$144,444.74
Average Tax Rate
31.4%
Comprehensive Deduction Rate
33.74%
Total Income
$218,000.00
Total Deductions
$75,926.03
Net Pay
$142,073.97
Average Tax Rate
32.49%
Comprehensive Deduction Rate
34.83%
Total Income
$218,000.00
Total Deductions
$79,141.48
Net Pay
$138,858.52
Average Tax Rate
33.96%
Comprehensive Deduction Rate
36.3%
Total Income
$218,000.00
Total Deductions
$80,832.43
Net Pay
$137,167.57
Average Tax Rate
34.74%
Comprehensive Deduction Rate
37.08%
Total Income
$218,000.00
Total Deductions
$80,921.00
Net Pay
$137,079.00
Average Tax Rate
34.78%
Comprehensive Deduction Rate
37.12%
Total Income
$218,000.00
Total Deductions
$81,544.57
Net Pay
$136,455.43
Average Tax Rate
35.06%
Comprehensive Deduction Rate
37.41%
Total Income
$218,000.00
Total Deductions
$84,147.76
Net Pay
$133,852.24
Average Tax Rate
36.26%
Comprehensive Deduction Rate
38.6%
Total Income
$218,000.00
Total Deductions
$86,521.25
Net Pay
$131,478.75
Average Tax Rate
37.35%
Comprehensive Deduction Rate
39.69%
Total Income
$218,000.00
Total Deductions
$86,830.31
Net Pay
$131,169.69
Average Tax Rate
37.24%
Comprehensive Deduction Rate
39.83%
| Region | Total Income | Total Deductions | Net Pay | Average Tax Rate | Comprehensive Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $218,000.00 | $66,823.33 | $151,176.67 | 28.31% | 30.65% |
| Yukon | $218,000.00 | $70,397.32 | $147,602.68 | 29.95% | 32.29% |
| Alberta | $218,000.00 | $71,702.36 | $146,297.64 | 30.55% | 32.89% |
| Northwest Territories | $218,000.00 | $72,029.40 | $145,970.60 | 30.7% | 33.04% |
| British Columbia | $218,000.00 | $73,555.26 | $144,444.74 | 31.4% | 33.74% |
| Saskatchewan | $218,000.00 | $75,926.03 | $142,073.97 | 32.49% | 34.83% |
| Ontario | $218,000.00 | $79,141.48 | $138,858.52 | 33.96% | 36.3% |
| New Brunswick | $218,000.00 | $80,832.43 | $137,167.57 | 34.74% | 37.08% |
| Manitoba | $218,000.00 | $80,921.00 | $137,079.00 | 34.78% | 37.12% |
| Newfoundland and Labrador | $218,000.00 | $81,544.57 | $136,455.43 | 35.06% | 37.41% |
| Prince Edward Island | $218,000.00 | $84,147.76 | $133,852.24 | 36.26% | 38.6% |
| Nova Scotia | $218,000.00 | $86,521.25 | $131,478.75 | 37.35% | 39.69% |
| Quebec | $218,000.00 | $86,830.31 | $131,169.69 | 37.24% | 39.83% |
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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