2024 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$63,000.60
Salary
$63,000.60
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$14,663.27
Federal Tax
$6,672.62
Provincial Tax
$3,404.55
CPP Contributions
$3,540.29
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$1,045.81
Net Pay
$48,337.33
Marginal Tax Rate
29.65%
Average Tax Rate
16%
Comprehensive Deduction Rate
23.27%
Monthly Salary
Total Income
$5,250.05
Salary
$5,250.05
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,221.94
Federal Tax
$556.05
Provincial Tax
$283.71
CPP Contributions
$295.02
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$87.15
Net Pay
$4,028.11
Marginal Tax Rate
29.65%
Average Tax Rate
16%
Comprehensive Deduction Rate
23.27%
Biweekly Salary
Total Income
$2,423.10
Salary
$2,423.10
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$563.97
Federal Tax
$256.64
Provincial Tax
$130.94
CPP Contributions
$136.17
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$40.22
Net Pay
$1,859.13
Marginal Tax Rate
29.65%
Average Tax Rate
16%
Comprehensive Deduction Rate
23.27%
Weekly Salary
Total Income
$1,211.55
Salary
$1,211.55
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$281.99
Federal Tax
$128.32
Provincial Tax
$65.47
CPP Contributions
$68.08
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$20.11
Net Pay
$929.56
Marginal Tax Rate
29.65%
Average Tax Rate
16%
Comprehensive Deduction Rate
23.27%
Daily Salary
Total Income
$242.31
Salary
$242.31
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$56.40
Federal Tax
$25.66
Provincial Tax
$13.09
CPP Contributions
$13.62
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$4.02
Net Pay
$185.91
Marginal Tax Rate
29.65%
Average Tax Rate
16%
Comprehensive Deduction Rate
23.27%
Hourly Salary
Total Income
$32.31
Salary
$32.31
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$7.52
Federal Tax
$3.42
Provincial Tax
$1.75
CPP Contributions
$1.82
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.54
Net Pay
$24.79
Marginal Tax Rate
29.65%
Average Tax Rate
16%
Comprehensive Deduction Rate
23.27%
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
$63,000.60
Total Deductions
$13,141.98
Net Pay
$49,858.62
Average Tax Rate
13.58%
Comprehensive Deduction Rate
20.86%
Total Income
$63,000.60
Total Deductions
$13,981.92
Net Pay
$49,018.68
Average Tax Rate
14.91%
Comprehensive Deduction Rate
22.19%
Total Income
$63,000.60
Total Deductions
$14,023.06
Net Pay
$48,977.54
Average Tax Rate
14.98%
Comprehensive Deduction Rate
22.26%
Total Income
$63,000.60
Total Deductions
$14,093.98
Net Pay
$48,906.62
Average Tax Rate
15.09%
Comprehensive Deduction Rate
22.37%
Total Income
$63,000.60
Total Deductions
$14,663.27
Net Pay
$48,337.33
Average Tax Rate
16%
Comprehensive Deduction Rate
23.27%
Total Income
$63,000.60
Total Deductions
$14,925.03
Net Pay
$48,075.57
Average Tax Rate
16.41%
Comprehensive Deduction Rate
23.69%
Total Income
$63,000.60
Total Deductions
$15,683.72
Net Pay
$47,316.88
Average Tax Rate
17.62%
Comprehensive Deduction Rate
24.89%
Total Income
$63,000.60
Total Deductions
$16,136.12
Net Pay
$46,864.48
Average Tax Rate
18.33%
Comprehensive Deduction Rate
25.61%
Total Income
$63,000.60
Total Deductions
$16,189.19
Net Pay
$46,811.41
Average Tax Rate
18.42%
Comprehensive Deduction Rate
25.7%
Total Income
$63,000.60
Total Deductions
$16,560.27
Net Pay
$46,440.33
Average Tax Rate
19.01%
Comprehensive Deduction Rate
26.29%
Total Income
$63,000.60
Total Deductions
$16,786.35
Net Pay
$46,214.25
Average Tax Rate
19.37%
Comprehensive Deduction Rate
26.64%
Total Income
$63,000.60
Total Deductions
$16,915.68
Net Pay
$46,084.92
Average Tax Rate
18.99%
Comprehensive Deduction Rate
26.85%
Total Income
$63,000.60
Total Deductions
$17,719.78
Net Pay
$45,280.82
Average Tax Rate
20.85%
Comprehensive Deduction Rate
28.13%
| Region | Total Income | Total Deductions | Net Pay | Average Tax Rate | Comprehensive Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $63,000.60 | $13,141.98 | $49,858.62 | 13.58% | 20.86% |
| British Columbia | $63,000.60 | $13,981.92 | $49,018.68 | 14.91% | 22.19% |
| Northwest Territories | $63,000.60 | $14,023.06 | $48,977.54 | 14.98% | 22.26% |
| Yukon | $63,000.60 | $14,093.98 | $48,906.62 | 15.09% | 22.37% |
| Ontario | $63,000.60 | $14,663.27 | $48,337.33 | 16% | 23.27% |
| Alberta | $63,000.60 | $14,925.03 | $48,075.57 | 16.41% | 23.69% |
| Saskatchewan | $63,000.60 | $15,683.72 | $47,316.88 | 17.62% | 24.89% |
| New Brunswick | $63,000.60 | $16,136.12 | $46,864.48 | 18.33% | 25.61% |
| Manitoba | $63,000.60 | $16,189.19 | $46,811.41 | 18.42% | 25.7% |
| Newfoundland and Labrador | $63,000.60 | $16,560.27 | $46,440.33 | 19.01% | 26.29% |
| Prince Edward Island | $63,000.60 | $16,786.35 | $46,214.25 | 19.37% | 26.64% |
| Quebec | $63,000.60 | $16,915.68 | $46,084.92 | 18.99% | 26.85% |
| Nova Scotia | $63,000.60 | $17,719.78 | $45,280.82 | 20.85% | 28.13% |
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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