2024 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$238,000.00
Salary
$238,000.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$89,016.20
Federal Tax
$51,436.49
Provincial Tax
$32,475.09
CPP Contributions
$4,055.50
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$1,049.12
Net Pay
$148,983.80
Marginal Tax Rate
49.53%
Average Tax Rate
35.26%
Comprehensive Deduction Rate
37.4%
Monthly Salary
Total Income
$19,833.33
Salary
$19,833.33
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$7,418.02
Federal Tax
$4,286.37
Provincial Tax
$2,706.26
CPP Contributions
$337.96
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$87.43
Net Pay
$12,415.32
Marginal Tax Rate
49.53%
Average Tax Rate
35.26%
Comprehensive Deduction Rate
37.4%
Biweekly Salary
Total Income
$9,153.85
Salary
$9,153.85
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$3,423.70
Federal Tax
$1,978.33
Provincial Tax
$1,249.04
CPP Contributions
$155.98
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$40.35
Net Pay
$5,730.15
Marginal Tax Rate
49.53%
Average Tax Rate
35.26%
Comprehensive Deduction Rate
37.4%
Weekly Salary
Total Income
$4,576.92
Salary
$4,576.92
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,711.85
Federal Tax
$989.16
Provincial Tax
$624.52
CPP Contributions
$77.99
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$20.18
Net Pay
$2,865.07
Marginal Tax Rate
49.53%
Average Tax Rate
35.26%
Comprehensive Deduction Rate
37.4%
Daily Salary
Total Income
$915.38
Salary
$915.38
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$342.37
Federal Tax
$197.83
Provincial Tax
$124.90
CPP Contributions
$15.60
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$4.04
Net Pay
$573.01
Marginal Tax Rate
49.53%
Average Tax Rate
35.26%
Comprehensive Deduction Rate
37.4%
Hourly Salary
Total Income
$122.05
Salary
$122.05
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$45.65
Federal Tax
$26.38
Provincial Tax
$16.65
CPP Contributions
$2.08
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.54
Net Pay
$76.40
Marginal Tax Rate
49.53%
Average Tax Rate
35.26%
Comprehensive Deduction Rate
37.4%
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
$238,000.00
Total Deductions
$74,923.33
Net Pay
$163,076.67
Average Tax Rate
29.34%
Comprehensive Deduction Rate
31.48%
Total Income
$238,000.00
Total Deductions
$78,757.32
Net Pay
$159,242.68
Average Tax Rate
30.95%
Comprehensive Deduction Rate
33.09%
Total Income
$238,000.00
Total Deductions
$80,110.36
Net Pay
$157,889.64
Average Tax Rate
31.52%
Comprehensive Deduction Rate
33.66%
Total Income
$238,000.00
Total Deductions
$80,639.40
Net Pay
$157,360.60
Average Tax Rate
31.74%
Comprehensive Deduction Rate
33.88%
Total Income
$238,000.00
Total Deductions
$82,715.26
Net Pay
$155,284.74
Average Tax Rate
32.61%
Comprehensive Deduction Rate
34.75%
Total Income
$238,000.00
Total Deductions
$84,626.03
Net Pay
$153,373.97
Average Tax Rate
33.41%
Comprehensive Deduction Rate
35.56%
Total Income
$238,000.00
Total Deductions
$89,016.20
Net Pay
$148,983.80
Average Tax Rate
35.26%
Comprehensive Deduction Rate
37.4%
Total Income
$238,000.00
Total Deductions
$90,201.00
Net Pay
$147,799.00
Average Tax Rate
35.75%
Comprehensive Deduction Rate
37.9%
Total Income
$238,000.00
Total Deductions
$90,532.43
Net Pay
$147,467.57
Average Tax Rate
35.89%
Comprehensive Deduction Rate
38.04%
Total Income
$238,000.00
Total Deductions
$91,304.57
Net Pay
$146,695.43
Average Tax Rate
36.22%
Comprehensive Deduction Rate
38.36%
Total Income
$238,000.00
Total Deductions
$93,697.76
Net Pay
$144,302.24
Average Tax Rate
37.22%
Comprehensive Deduction Rate
39.37%
Total Income
$238,000.00
Total Deductions
$96,521.25
Net Pay
$141,478.75
Average Tax Rate
38.41%
Comprehensive Deduction Rate
40.56%
Total Income
$238,000.00
Total Deductions
$96,823.31
Net Pay
$141,176.69
Average Tax Rate
38.31%
Comprehensive Deduction Rate
40.68%
| Region | Total Income | Total Deductions | Net Pay | Average Tax Rate | Comprehensive Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $238,000.00 | $74,923.33 | $163,076.67 | 29.34% | 31.48% |
| Yukon | $238,000.00 | $78,757.32 | $159,242.68 | 30.95% | 33.09% |
| Alberta | $238,000.00 | $80,110.36 | $157,889.64 | 31.52% | 33.66% |
| Northwest Territories | $238,000.00 | $80,639.40 | $157,360.60 | 31.74% | 33.88% |
| British Columbia | $238,000.00 | $82,715.26 | $155,284.74 | 32.61% | 34.75% |
| Saskatchewan | $238,000.00 | $84,626.03 | $153,373.97 | 33.41% | 35.56% |
| Ontario | $238,000.00 | $89,016.20 | $148,983.80 | 35.26% | 37.4% |
| Manitoba | $238,000.00 | $90,201.00 | $147,799.00 | 35.75% | 37.9% |
| New Brunswick | $238,000.00 | $90,532.43 | $147,467.57 | 35.89% | 38.04% |
| Newfoundland and Labrador | $238,000.00 | $91,304.57 | $146,695.43 | 36.22% | 38.36% |
| Prince Edward Island | $238,000.00 | $93,697.76 | $144,302.24 | 37.22% | 39.37% |
| Nova Scotia | $238,000.00 | $96,521.25 | $141,478.75 | 38.41% | 40.56% |
| Quebec | $238,000.00 | $96,823.31 | $141,176.69 | 38.31% | 40.68% |
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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