2024 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$225,000.00
Salary
$225,000.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$82,577.35
Federal Tax
$47,666.49
Provincial Tax
$29,806.24
CPP Contributions
$4,055.50
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$1,049.12
Net Pay
$142,422.65
Marginal Tax Rate
49.53%
Average Tax Rate
34.43%
Comprehensive Deduction Rate
36.7%
Monthly Salary
Total Income
$18,750.00
Salary
$18,750.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$6,881.45
Federal Tax
$3,972.21
Provincial Tax
$2,483.85
CPP Contributions
$337.96
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$87.43
Net Pay
$11,868.55
Marginal Tax Rate
49.53%
Average Tax Rate
34.43%
Comprehensive Deduction Rate
36.7%
Biweekly Salary
Total Income
$8,653.85
Salary
$8,653.85
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$3,176.05
Federal Tax
$1,833.33
Provincial Tax
$1,146.39
CPP Contributions
$155.98
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$40.35
Net Pay
$5,477.79
Marginal Tax Rate
49.53%
Average Tax Rate
34.43%
Comprehensive Deduction Rate
36.7%
Weekly Salary
Total Income
$4,326.92
Salary
$4,326.92
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,588.03
Federal Tax
$916.66
Provincial Tax
$573.20
CPP Contributions
$77.99
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$20.18
Net Pay
$2,738.90
Marginal Tax Rate
49.53%
Average Tax Rate
34.43%
Comprehensive Deduction Rate
36.7%
Daily Salary
Total Income
$865.38
Salary
$865.38
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$317.61
Federal Tax
$183.33
Provincial Tax
$114.64
CPP Contributions
$15.60
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$4.04
Net Pay
$547.78
Marginal Tax Rate
49.53%
Average Tax Rate
34.43%
Comprehensive Deduction Rate
36.7%
Hourly Salary
Total Income
$115.38
Salary
$115.38
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$42.35
Federal Tax
$24.44
Provincial Tax
$15.29
CPP Contributions
$2.08
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.54
Net Pay
$73.04
Marginal Tax Rate
49.53%
Average Tax Rate
34.43%
Comprehensive Deduction Rate
36.7%
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
$225,000.00
Total Deductions
$69,658.33
Net Pay
$155,341.67
Average Tax Rate
28.69%
Comprehensive Deduction Rate
30.96%
Total Income
$225,000.00
Total Deductions
$73,323.32
Net Pay
$151,676.68
Average Tax Rate
30.32%
Comprehensive Deduction Rate
32.59%
Total Income
$225,000.00
Total Deductions
$74,642.36
Net Pay
$150,357.64
Average Tax Rate
30.91%
Comprehensive Deduction Rate
33.17%
Total Income
$225,000.00
Total Deductions
$75,042.90
Net Pay
$149,957.10
Average Tax Rate
31.08%
Comprehensive Deduction Rate
33.35%
Total Income
$225,000.00
Total Deductions
$76,761.26
Net Pay
$148,238.74
Average Tax Rate
31.85%
Comprehensive Deduction Rate
34.12%
Total Income
$225,000.00
Total Deductions
$78,971.03
Net Pay
$146,028.97
Average Tax Rate
32.83%
Comprehensive Deduction Rate
35.1%
Total Income
$225,000.00
Total Deductions
$82,577.35
Net Pay
$142,422.65
Average Tax Rate
34.43%
Comprehensive Deduction Rate
36.7%
Total Income
$225,000.00
Total Deductions
$84,169.00
Net Pay
$140,831.00
Average Tax Rate
35.14%
Comprehensive Deduction Rate
37.41%
Total Income
$225,000.00
Total Deductions
$84,227.43
Net Pay
$140,772.57
Average Tax Rate
35.17%
Comprehensive Deduction Rate
37.43%
Total Income
$225,000.00
Total Deductions
$84,960.57
Net Pay
$140,039.43
Average Tax Rate
35.49%
Comprehensive Deduction Rate
37.76%
Total Income
$225,000.00
Total Deductions
$87,490.26
Net Pay
$137,509.74
Average Tax Rate
36.62%
Comprehensive Deduction Rate
38.88%
Total Income
$225,000.00
Total Deductions
$90,021.25
Net Pay
$134,978.75
Average Tax Rate
37.74%
Comprehensive Deduction Rate
40.01%
Total Income
$225,000.00
Total Deductions
$90,327.86
Net Pay
$134,672.14
Average Tax Rate
37.64%
Comprehensive Deduction Rate
40.15%
| Region | Total Income | Total Deductions | Net Pay | Average Tax Rate | Comprehensive Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $225,000.00 | $69,658.33 | $155,341.67 | 28.69% | 30.96% |
| Yukon | $225,000.00 | $73,323.32 | $151,676.68 | 30.32% | 32.59% |
| Alberta | $225,000.00 | $74,642.36 | $150,357.64 | 30.91% | 33.17% |
| Northwest Territories | $225,000.00 | $75,042.90 | $149,957.10 | 31.08% | 33.35% |
| British Columbia | $225,000.00 | $76,761.26 | $148,238.74 | 31.85% | 34.12% |
| Saskatchewan | $225,000.00 | $78,971.03 | $146,028.97 | 32.83% | 35.1% |
| Ontario | $225,000.00 | $82,577.35 | $142,422.65 | 34.43% | 36.7% |
| Manitoba | $225,000.00 | $84,169.00 | $140,831.00 | 35.14% | 37.41% |
| New Brunswick | $225,000.00 | $84,227.43 | $140,772.57 | 35.17% | 37.43% |
| Newfoundland and Labrador | $225,000.00 | $84,960.57 | $140,039.43 | 35.49% | 37.76% |
| Prince Edward Island | $225,000.00 | $87,490.26 | $137,509.74 | 36.62% | 38.88% |
| Nova Scotia | $225,000.00 | $90,021.25 | $134,978.75 | 37.74% | 40.01% |
| Quebec | $225,000.00 | $90,327.86 | $134,672.14 | 37.64% | 40.15% |
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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