2024 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$241,000.00
Salary
$241,000.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$90,502.09
Federal Tax
$52,306.49
Provincial Tax
$33,090.98
CPP Contributions
$4,055.50
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$1,049.12
Net Pay
$150,497.91
Marginal Tax Rate
49.53%
Average Tax Rate
35.43%
Comprehensive Deduction Rate
37.55%
Monthly Salary
Total Income
$20,083.33
Salary
$20,083.33
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$7,541.84
Federal Tax
$4,358.87
Provincial Tax
$2,757.58
CPP Contributions
$337.96
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$87.43
Net Pay
$12,541.49
Marginal Tax Rate
49.53%
Average Tax Rate
35.43%
Comprehensive Deduction Rate
37.55%
Biweekly Salary
Total Income
$9,269.23
Salary
$9,269.23
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$3,480.85
Federal Tax
$2,011.79
Provincial Tax
$1,272.73
CPP Contributions
$155.98
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$40.35
Net Pay
$5,788.38
Marginal Tax Rate
49.53%
Average Tax Rate
35.43%
Comprehensive Deduction Rate
37.55%
Weekly Salary
Total Income
$4,634.62
Salary
$4,634.62
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,740.42
Federal Tax
$1,005.89
Provincial Tax
$636.37
CPP Contributions
$77.99
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$20.18
Net Pay
$2,894.19
Marginal Tax Rate
49.53%
Average Tax Rate
35.43%
Comprehensive Deduction Rate
37.55%
Daily Salary
Total Income
$926.92
Salary
$926.92
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$348.08
Federal Tax
$201.18
Provincial Tax
$127.27
CPP Contributions
$15.60
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$4.04
Net Pay
$578.84
Marginal Tax Rate
49.53%
Average Tax Rate
35.43%
Comprehensive Deduction Rate
37.55%
Hourly Salary
Total Income
$123.59
Salary
$123.59
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$46.41
Federal Tax
$26.82
Provincial Tax
$16.97
CPP Contributions
$2.08
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.54
Net Pay
$77.18
Marginal Tax Rate
49.53%
Average Tax Rate
35.43%
Comprehensive Deduction Rate
37.55%
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
$241,000.00
Total Deductions
$76,138.33
Net Pay
$164,861.67
Average Tax Rate
29.47%
Comprehensive Deduction Rate
31.59%
Total Income
$241,000.00
Total Deductions
$80,011.32
Net Pay
$160,988.68
Average Tax Rate
31.08%
Comprehensive Deduction Rate
33.2%
Total Income
$241,000.00
Total Deductions
$81,400.36
Net Pay
$159,599.64
Average Tax Rate
31.66%
Comprehensive Deduction Rate
33.78%
Total Income
$241,000.00
Total Deductions
$81,930.90
Net Pay
$159,069.10
Average Tax Rate
31.88%
Comprehensive Deduction Rate
34%
Total Income
$241,000.00
Total Deductions
$84,089.26
Net Pay
$156,910.74
Average Tax Rate
32.77%
Comprehensive Deduction Rate
34.89%
Total Income
$241,000.00
Total Deductions
$85,931.03
Net Pay
$155,068.97
Average Tax Rate
33.54%
Comprehensive Deduction Rate
35.66%
Total Income
$241,000.00
Total Deductions
$90,502.09
Net Pay
$150,497.91
Average Tax Rate
35.43%
Comprehensive Deduction Rate
37.55%
Total Income
$241,000.00
Total Deductions
$91,593.00
Net Pay
$149,407.00
Average Tax Rate
35.89%
Comprehensive Deduction Rate
38.01%
Total Income
$241,000.00
Total Deductions
$91,987.43
Net Pay
$149,012.57
Average Tax Rate
36.05%
Comprehensive Deduction Rate
38.17%
Total Income
$241,000.00
Total Deductions
$92,768.57
Net Pay
$148,231.43
Average Tax Rate
36.38%
Comprehensive Deduction Rate
38.49%
Total Income
$241,000.00
Total Deductions
$95,130.26
Net Pay
$145,869.74
Average Tax Rate
37.36%
Comprehensive Deduction Rate
39.47%
Total Income
$241,000.00
Total Deductions
$98,021.25
Net Pay
$142,978.75
Average Tax Rate
38.55%
Comprehensive Deduction Rate
40.67%
Total Income
$241,000.00
Total Deductions
$98,322.26
Net Pay
$142,677.74
Average Tax Rate
38.45%
Comprehensive Deduction Rate
40.8%
| Region | Total Income | Total Deductions | Net Pay | Average Tax Rate | Comprehensive Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $241,000.00 | $76,138.33 | $164,861.67 | 29.47% | 31.59% |
| Yukon | $241,000.00 | $80,011.32 | $160,988.68 | 31.08% | 33.2% |
| Alberta | $241,000.00 | $81,400.36 | $159,599.64 | 31.66% | 33.78% |
| Northwest Territories | $241,000.00 | $81,930.90 | $159,069.10 | 31.88% | 34% |
| British Columbia | $241,000.00 | $84,089.26 | $156,910.74 | 32.77% | 34.89% |
| Saskatchewan | $241,000.00 | $85,931.03 | $155,068.97 | 33.54% | 35.66% |
| Ontario | $241,000.00 | $90,502.09 | $150,497.91 | 35.43% | 37.55% |
| Manitoba | $241,000.00 | $91,593.00 | $149,407.00 | 35.89% | 38.01% |
| New Brunswick | $241,000.00 | $91,987.43 | $149,012.57 | 36.05% | 38.17% |
| Newfoundland and Labrador | $241,000.00 | $92,768.57 | $148,231.43 | 36.38% | 38.49% |
| Prince Edward Island | $241,000.00 | $95,130.26 | $145,869.74 | 37.36% | 39.47% |
| Nova Scotia | $241,000.00 | $98,021.25 | $142,978.75 | 38.55% | 40.67% |
| Quebec | $241,000.00 | $98,322.26 | $142,677.74 | 38.45% | 40.8% |
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.