2024 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$46,702.50
Salary
$46,702.50
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$9,342.72
Federal Tax
$3,983.54
Provincial Tax
$2,013.37
CPP Contributions
$2,570.55
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$775.26
Net Pay
$37,359.78
Marginal Tax Rate
18.63%
Average Tax Rate
12.84%
Comprehensive Deduction Rate
20%
Monthly Salary
Total Income
$3,891.88
Salary
$3,891.88
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$778.56
Federal Tax
$331.96
Provincial Tax
$167.78
CPP Contributions
$214.21
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$64.61
Net Pay
$3,113.32
Marginal Tax Rate
18.63%
Average Tax Rate
12.84%
Comprehensive Deduction Rate
20%
Biweekly Salary
Total Income
$1,796.25
Salary
$1,796.25
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$359.34
Federal Tax
$153.21
Provincial Tax
$77.44
CPP Contributions
$98.87
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$29.82
Net Pay
$1,436.91
Marginal Tax Rate
18.63%
Average Tax Rate
12.84%
Comprehensive Deduction Rate
20%
Weekly Salary
Total Income
$898.13
Salary
$898.13
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$179.67
Federal Tax
$76.61
Provincial Tax
$38.72
CPP Contributions
$49.43
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$14.91
Net Pay
$718.46
Marginal Tax Rate
18.63%
Average Tax Rate
12.84%
Comprehensive Deduction Rate
20%
Daily Salary
Total Income
$179.63
Salary
$179.63
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$35.93
Federal Tax
$15.32
Provincial Tax
$7.74
CPP Contributions
$9.89
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$2.98
Net Pay
$143.69
Marginal Tax Rate
18.63%
Average Tax Rate
12.84%
Comprehensive Deduction Rate
20%
Hourly Salary
Total Income
$23.95
Salary
$23.95
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$4.79
Federal Tax
$2.04
Provincial Tax
$1.03
CPP Contributions
$1.32
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.40
Net Pay
$19.16
Marginal Tax Rate
18.63%
Average Tax Rate
12.84%
Comprehensive Deduction Rate
20%
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
$46,702.50
Total Deductions
$8,312.94
Net Pay
$38,389.56
Average Tax Rate
10.64%
Comprehensive Deduction Rate
17.8%
Total Income
$46,702.50
Total Deductions
$8,862.39
Net Pay
$37,840.11
Average Tax Rate
11.81%
Comprehensive Deduction Rate
18.98%
Total Income
$46,702.50
Total Deductions
$8,886.65
Net Pay
$37,815.85
Average Tax Rate
11.86%
Comprehensive Deduction Rate
19.03%
Total Income
$46,702.50
Total Deductions
$9,007.35
Net Pay
$37,695.15
Average Tax Rate
12.12%
Comprehensive Deduction Rate
19.29%
Total Income
$46,702.50
Total Deductions
$9,342.72
Net Pay
$37,359.78
Average Tax Rate
12.84%
Comprehensive Deduction Rate
20%
Total Income
$46,702.50
Total Deductions
$9,476.52
Net Pay
$37,225.98
Average Tax Rate
13.13%
Comprehensive Deduction Rate
20.29%
Total Income
$46,702.50
Total Deductions
$9,940.24
Net Pay
$36,762.26
Average Tax Rate
14.12%
Comprehensive Deduction Rate
21.28%
Total Income
$46,702.50
Total Deductions
$10,178.74
Net Pay
$36,523.76
Average Tax Rate
14.63%
Comprehensive Deduction Rate
21.79%
Total Income
$46,702.50
Total Deductions
$10,307.63
Net Pay
$36,394.87
Average Tax Rate
14.91%
Comprehensive Deduction Rate
22.07%
Total Income
$46,702.50
Total Deductions
$10,363.95
Net Pay
$36,338.55
Average Tax Rate
15.03%
Comprehensive Deduction Rate
22.19%
Total Income
$46,702.50
Total Deductions
$10,540.27
Net Pay
$36,162.23
Average Tax Rate
14.83%
Comprehensive Deduction Rate
22.57%
Total Income
$46,702.50
Total Deductions
$10,744.01
Net Pay
$35,958.49
Average Tax Rate
15.84%
Comprehensive Deduction Rate
23.01%
Total Income
$46,702.50
Total Deductions
$11,299.55
Net Pay
$35,402.95
Average Tax Rate
17.03%
Comprehensive Deduction Rate
24.19%
| Region | Total Income | Total Deductions | Net Pay | Avg. Tax Rate | Comp. Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $46,702.50 | $8,312.94 | $38,389.56 | 10.64% | 17.8% |
| Northwest Territories | $46,702.50 | $8,862.39 | $37,840.11 | 11.81% | 18.98% |
| British Columbia | $46,702.50 | $8,886.65 | $37,815.85 | 11.86% | 19.03% |
| Yukon | $46,702.50 | $9,007.35 | $37,695.15 | 12.12% | 19.29% |
| Ontario | $46,702.50 | $9,342.72 | $37,359.78 | 12.84% | 20% |
| Alberta | $46,702.50 | $9,476.52 | $37,225.98 | 13.13% | 20.29% |
| Saskatchewan | $46,702.50 | $9,940.24 | $36,762.26 | 14.12% | 21.28% |
| New Brunswick | $46,702.50 | $10,178.74 | $36,523.76 | 14.63% | 21.79% |
| Manitoba | $46,702.50 | $10,307.63 | $36,394.87 | 14.91% | 22.07% |
| Newfoundland and Labrador | $46,702.50 | $10,363.95 | $36,338.55 | 15.03% | 22.19% |
| Quebec | $46,702.50 | $10,540.27 | $36,162.23 | 14.83% | 22.57% |
| Prince Edward Island | $46,702.50 | $10,744.01 | $35,958.49 | 15.84% | 23.01% |
| Nova Scotia | $46,702.50 | $11,299.55 | $35,402.95 | 17.03% | 24.19% |
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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