2024 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$228,000.00
Salary
$228,000.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$84,063.24
Federal Tax
$48,536.49
Provincial Tax
$30,422.13
CPP Contributions
$4,055.50
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$1,049.12
Net Pay
$143,936.76
Marginal Tax Rate
49.53%
Average Tax Rate
34.63%
Comprehensive Deduction Rate
36.87%
Monthly Salary
Total Income
$19,000.00
Salary
$19,000.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$7,005.27
Federal Tax
$4,044.71
Provincial Tax
$2,535.18
CPP Contributions
$337.96
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$87.43
Net Pay
$11,994.73
Marginal Tax Rate
49.53%
Average Tax Rate
34.63%
Comprehensive Deduction Rate
36.87%
Biweekly Salary
Total Income
$8,769.23
Salary
$8,769.23
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$3,233.20
Federal Tax
$1,866.79
Provincial Tax
$1,170.08
CPP Contributions
$155.98
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$40.35
Net Pay
$5,536.03
Marginal Tax Rate
49.53%
Average Tax Rate
34.63%
Comprehensive Deduction Rate
36.87%
Weekly Salary
Total Income
$4,384.62
Salary
$4,384.62
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,616.60
Federal Tax
$933.39
Provincial Tax
$585.04
CPP Contributions
$77.99
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$20.18
Net Pay
$2,768.01
Marginal Tax Rate
49.53%
Average Tax Rate
34.63%
Comprehensive Deduction Rate
36.87%
Daily Salary
Total Income
$876.92
Salary
$876.92
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$323.32
Federal Tax
$186.68
Provincial Tax
$117.01
CPP Contributions
$15.60
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$4.04
Net Pay
$553.60
Marginal Tax Rate
49.53%
Average Tax Rate
34.63%
Comprehensive Deduction Rate
36.87%
Hourly Salary
Total Income
$116.92
Salary
$116.92
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$43.11
Federal Tax
$24.89
Provincial Tax
$15.60
CPP Contributions
$2.08
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.54
Net Pay
$73.81
Marginal Tax Rate
49.53%
Average Tax Rate
34.63%
Comprehensive Deduction Rate
36.87%
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
$228,000.00
Total Deductions
$70,873.33
Net Pay
$157,126.67
Average Tax Rate
28.85%
Comprehensive Deduction Rate
31.08%
Total Income
$228,000.00
Total Deductions
$74,577.32
Net Pay
$153,422.68
Average Tax Rate
30.47%
Comprehensive Deduction Rate
32.71%
Total Income
$228,000.00
Total Deductions
$75,902.36
Net Pay
$152,097.64
Average Tax Rate
31.05%
Comprehensive Deduction Rate
33.29%
Total Income
$228,000.00
Total Deductions
$76,334.40
Net Pay
$151,665.60
Average Tax Rate
31.24%
Comprehensive Deduction Rate
33.48%
Total Income
$228,000.00
Total Deductions
$78,135.26
Net Pay
$149,864.74
Average Tax Rate
32.03%
Comprehensive Deduction Rate
34.27%
Total Income
$228,000.00
Total Deductions
$80,276.03
Net Pay
$147,723.97
Average Tax Rate
32.97%
Comprehensive Deduction Rate
35.21%
Total Income
$228,000.00
Total Deductions
$84,063.24
Net Pay
$143,936.76
Average Tax Rate
34.63%
Comprehensive Deduction Rate
36.87%
Total Income
$228,000.00
Total Deductions
$85,561.00
Net Pay
$142,439.00
Average Tax Rate
35.29%
Comprehensive Deduction Rate
37.53%
Total Income
$228,000.00
Total Deductions
$85,682.43
Net Pay
$142,317.57
Average Tax Rate
35.34%
Comprehensive Deduction Rate
37.58%
Total Income
$228,000.00
Total Deductions
$86,424.57
Net Pay
$141,575.43
Average Tax Rate
35.67%
Comprehensive Deduction Rate
37.91%
Total Income
$228,000.00
Total Deductions
$88,922.76
Net Pay
$139,077.24
Average Tax Rate
36.76%
Comprehensive Deduction Rate
39%
Total Income
$228,000.00
Total Deductions
$91,521.25
Net Pay
$136,478.75
Average Tax Rate
37.9%
Comprehensive Deduction Rate
40.14%
Total Income
$228,000.00
Total Deductions
$91,826.81
Net Pay
$136,173.19
Average Tax Rate
37.8%
Comprehensive Deduction Rate
40.27%
| Region | Total Income | Total Deductions | Net Pay | Average Tax Rate | Comprehensive Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $228,000.00 | $70,873.33 | $157,126.67 | 28.85% | 31.08% |
| Yukon | $228,000.00 | $74,577.32 | $153,422.68 | 30.47% | 32.71% |
| Alberta | $228,000.00 | $75,902.36 | $152,097.64 | 31.05% | 33.29% |
| Northwest Territories | $228,000.00 | $76,334.40 | $151,665.60 | 31.24% | 33.48% |
| British Columbia | $228,000.00 | $78,135.26 | $149,864.74 | 32.03% | 34.27% |
| Saskatchewan | $228,000.00 | $80,276.03 | $147,723.97 | 32.97% | 35.21% |
| Ontario | $228,000.00 | $84,063.24 | $143,936.76 | 34.63% | 36.87% |
| Manitoba | $228,000.00 | $85,561.00 | $142,439.00 | 35.29% | 37.53% |
| New Brunswick | $228,000.00 | $85,682.43 | $142,317.57 | 35.34% | 37.58% |
| Newfoundland and Labrador | $228,000.00 | $86,424.57 | $141,575.43 | 35.67% | 37.91% |
| Prince Edward Island | $228,000.00 | $88,922.76 | $139,077.24 | 36.76% | 39% |
| Nova Scotia | $228,000.00 | $91,521.25 | $136,478.75 | 37.9% | 40.14% |
| Quebec | $228,000.00 | $91,826.81 | $136,173.19 | 37.8% | 40.27% |
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.