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2024 Ontario Income Tax Calculator

Calculate your take-home pay after tax.

Your Results

Yearly Salary
Total Income $42,997.50
Salary $42,997.50
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $8,370.09
Federal Tax $3,465.73
Provincial Tax $1,840.50
CPP Contributions $2,350.10
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $713.76
Net Pay $34,627.41
Marginal Tax Rate 18.64%
Average Tax Rate 12.34%
Comprehensive Deduction Rate 19.47%
$42,997.50 a year is how much per hour?
What is the minimum wage in Ontario in 2024?
Monthly Salary
Total Income $3,583.13
Salary $3,583.13
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $697.51
Federal Tax $288.81
Provincial Tax $153.38
CPP Contributions $195.84
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $59.48
Net Pay $2,885.62
Marginal Tax Rate 18.64%
Average Tax Rate 12.34%
Comprehensive Deduction Rate 19.47%
$3,583.13 a month is how much per year?
What is the minimum wage in Ontario in 2024?
Biweekly Salary
Total Income $1,653.75
Salary $1,653.75
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $321.93
Federal Tax $133.30
Provincial Tax $70.79
CPP Contributions $90.39
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $27.45
Net Pay $1,331.82
Marginal Tax Rate 18.64%
Average Tax Rate 12.34%
Comprehensive Deduction Rate 19.47%
$1,653.75 per two weeks is how much per year?
What is the minimum wage in Ontario in 2024?
Weekly Salary
Total Income $826.88
Salary $826.88
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $160.96
Federal Tax $66.65
Provincial Tax $35.39
CPP Contributions $45.19
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $13.73
Net Pay $665.91
Marginal Tax Rate 18.64%
Average Tax Rate 12.34%
Comprehensive Deduction Rate 19.47%
$826.88 a week is how much per year?
What is the minimum wage in Ontario in 2024?
Daily Salary
Total Income $165.38
Salary $165.38
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $32.19
Federal Tax $13.33
Provincial Tax $7.08
CPP Contributions $9.04
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $2.75
Net Pay $133.18
Marginal Tax Rate 18.64%
Average Tax Rate 12.34%
Comprehensive Deduction Rate 19.47%
$165.38 a day is how much per year?
What is the minimum wage in Ontario in 2024?
Hourly Salary
Total Income $22.05
Salary $22.05
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $4.29
Federal Tax $1.78
Provincial Tax $0.94
CPP Contributions $1.21
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $0.37
Net Pay $17.76
Marginal Tax Rate 18.64%
Average Tax Rate 12.34%
Comprehensive Deduction Rate 19.47%
$22.05 an hour is how much per year?
What is the minimum wage in Ontario in 2024?

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 $42,997.50
Total Deductions $7,376.26
Net Pay $35,621.24
Average Tax Rate 10.03%
Comprehensive Deduction Rate 17.16%
Total Income $42,997.50
Total Deductions $7,860.66
Net Pay $35,136.84
Average Tax Rate 11.16%
Comprehensive Deduction Rate 18.28%
Total Income $42,997.50
Total Deductions $7,913.68
Net Pay $35,083.82
Average Tax Rate 11.28%
Comprehensive Deduction Rate 18.4%
Total Income $42,997.50
Total Deductions $7,988.51
Net Pay $35,008.99
Average Tax Rate 11.45%
Comprehensive Deduction Rate 18.58%
Total Income $42,997.50
Total Deductions $8,334.45
Net Pay $34,663.05
Average Tax Rate 12.26%
Comprehensive Deduction Rate 19.38%
Total Income $42,997.50
Total Deductions $8,370.09
Net Pay $34,627.41
Average Tax Rate 12.34%
Comprehensive Deduction Rate 19.47%
Total Income $42,997.50
Total Deductions $8,781.06
Net Pay $34,216.44
Average Tax Rate 13.3%
Comprehensive Deduction Rate 20.42%
Total Income $42,997.50
Total Deductions $9,057.22
Net Pay $33,940.28
Average Tax Rate 13.94%
Comprehensive Deduction Rate 21.06%
Total Income $42,997.50
Total Deductions $9,062.64
Net Pay $33,934.86
Average Tax Rate 13.95%
Comprehensive Deduction Rate 21.08%
Total Income $42,997.50
Total Deductions $9,138.18
Net Pay $33,859.32
Average Tax Rate 14.13%
Comprehensive Deduction Rate 21.25%
Total Income $42,997.50
Total Deductions $9,289.60
Net Pay $33,707.90
Average Tax Rate 13.91%
Comprehensive Deduction Rate 21.6%
Total Income $42,997.50
Total Deductions $9,466.89
Net Pay $33,530.61
Average Tax Rate 14.89%
Comprehensive Deduction Rate 22.02%
Total Income $42,997.50
Total Deductions $9,951.15
Net Pay $33,046.35
Average Tax Rate 16.02%
Comprehensive Deduction Rate 23.14%
Region Total Income Total Deductions Net Pay Average Tax Rate Comprehensive Deduction Rate
Nunavut $42,997.50 $7,376.26 $35,621.24 10.03% 17.16%
Northwest Territories $42,997.50 $7,860.66 $35,136.84 11.16% 18.28%
British Columbia $42,997.50 $7,913.68 $35,083.82 11.28% 18.4%
Yukon $42,997.50 $7,988.51 $35,008.99 11.45% 18.58%
Alberta $42,997.50 $8,334.45 $34,663.05 12.26% 19.38%
Ontario $42,997.50 $8,370.09 $34,627.41 12.34% 19.47%
Saskatchewan $42,997.50 $8,781.06 $34,216.44 13.3% 20.42%
New Brunswick $42,997.50 $9,057.22 $33,940.28 13.94% 21.06%
Newfoundland and Labrador $42,997.50 $9,062.64 $33,934.86 13.95% 21.08%
Manitoba $42,997.50 $9,138.18 $33,859.32 14.13% 21.25%
Quebec $42,997.50 $9,289.60 $33,707.90 13.91% 21.6%
Prince Edward Island $42,997.50 $9,466.89 $33,530.61 14.89% 22.02%
Nova Scotia $42,997.50 $9,951.15 $33,046.35 16.02% 23.14%
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.