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2024 Ontario Income Tax Calculator

Calculate your take-home pay after tax.

Your Results

Yearly Salary
Total Income $245,000.00
Salary $245,000.00
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $92,483.27
Federal Tax $53,466.49
Provincial Tax $33,912.16
CPP Contributions $4,055.50
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $1,049.12
Net Pay $152,516.73
Marginal Tax Rate 49.53%
Average Tax Rate 35.66%
Comprehensive Deduction Rate 37.75%
$245,000.00 a year is how much per hour?
What is the minimum wage in Ontario in 2024?
Monthly Salary
Total Income $20,416.67
Salary $20,416.67
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $7,706.94
Federal Tax $4,455.54
Provincial Tax $2,826.01
CPP Contributions $337.96
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $87.43
Net Pay $12,709.73
Marginal Tax Rate 49.53%
Average Tax Rate 35.66%
Comprehensive Deduction Rate 37.75%
$20,416.67 a month is how much per year?
What is the minimum wage in Ontario in 2024?
Biweekly Salary
Total Income $9,423.08
Salary $9,423.08
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $3,557.05
Federal Tax $2,056.40
Provincial Tax $1,304.31
CPP Contributions $155.98
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $40.35
Net Pay $5,866.03
Marginal Tax Rate 49.53%
Average Tax Rate 35.66%
Comprehensive Deduction Rate 37.75%
$9,423.08 per two weeks is how much per year?
What is the minimum wage in Ontario in 2024?
Weekly Salary
Total Income $4,711.54
Salary $4,711.54
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $1,778.52
Federal Tax $1,028.20
Provincial Tax $652.16
CPP Contributions $77.99
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $20.18
Net Pay $2,933.01
Marginal Tax Rate 49.53%
Average Tax Rate 35.66%
Comprehensive Deduction Rate 37.75%
$4,711.54 a week is how much per year?
What is the minimum wage in Ontario in 2024?
Daily Salary
Total Income $942.31
Salary $942.31
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $355.70
Federal Tax $205.64
Provincial Tax $130.43
CPP Contributions $15.60
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $4.04
Net Pay $586.60
Marginal Tax Rate 49.53%
Average Tax Rate 35.66%
Comprehensive Deduction Rate 37.75%
$942.31 a day is how much per year?
What is the minimum wage in Ontario in 2024?
Hourly Salary
Total Income $125.64
Salary $125.64
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $47.43
Federal Tax $27.42
Provincial Tax $17.39
CPP Contributions $2.08
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $0.54
Net Pay $78.21
Marginal Tax Rate 49.53%
Average Tax Rate 35.66%
Comprehensive Deduction Rate 37.75%
$125.64 an hour is how much per year?
What is the minimum wage in Ontario in 2024?

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 $245,000.00
Total Deductions $77,758.33
Net Pay $167,241.67
Average Tax Rate 29.65%
Comprehensive Deduction Rate 31.74%
Total Income $245,000.00
Total Deductions $81,683.32
Net Pay $163,316.68
Average Tax Rate 31.26%
Comprehensive Deduction Rate 33.34%
Total Income $245,000.00
Total Deductions $83,120.36
Net Pay $161,879.64
Average Tax Rate 31.84%
Comprehensive Deduction Rate 33.93%
Total Income $245,000.00
Total Deductions $83,652.90
Net Pay $161,347.10
Average Tax Rate 32.06%
Comprehensive Deduction Rate 34.14%
Total Income $245,000.00
Total Deductions $85,921.26
Net Pay $159,078.74
Average Tax Rate 32.99%
Comprehensive Deduction Rate 35.07%
Total Income $245,000.00
Total Deductions $87,671.03
Net Pay $157,328.97
Average Tax Rate 33.7%
Comprehensive Deduction Rate 35.78%
Total Income $245,000.00
Total Deductions $92,483.27
Net Pay $152,516.73
Average Tax Rate 35.66%
Comprehensive Deduction Rate 37.75%
Total Income $245,000.00
Total Deductions $93,449.00
Net Pay $151,551.00
Average Tax Rate 36.06%
Comprehensive Deduction Rate 38.14%
Total Income $245,000.00
Total Deductions $93,927.43
Net Pay $151,072.57
Average Tax Rate 36.25%
Comprehensive Deduction Rate 38.34%
Total Income $245,000.00
Total Deductions $94,720.57
Net Pay $150,279.43
Average Tax Rate 36.58%
Comprehensive Deduction Rate 38.66%
Total Income $245,000.00
Total Deductions $97,040.26
Net Pay $147,959.74
Average Tax Rate 37.52%
Comprehensive Deduction Rate 39.61%
Total Income $245,000.00
Total Deductions $100,021.25
Net Pay $144,978.75
Average Tax Rate 38.74%
Comprehensive Deduction Rate 40.83%
Total Income $245,000.00
Total Deductions $100,320.86
Net Pay $144,679.14
Average Tax Rate 38.64%
Comprehensive Deduction Rate 40.95%
Region Total Income Total Deductions Net Pay Average Tax Rate Comprehensive Deduction Rate
Nunavut $245,000.00 $77,758.33 $167,241.67 29.65% 31.74%
Yukon $245,000.00 $81,683.32 $163,316.68 31.26% 33.34%
Alberta $245,000.00 $83,120.36 $161,879.64 31.84% 33.93%
Northwest Territories $245,000.00 $83,652.90 $161,347.10 32.06% 34.14%
British Columbia $245,000.00 $85,921.26 $159,078.74 32.99% 35.07%
Saskatchewan $245,000.00 $87,671.03 $157,328.97 33.7% 35.78%
Ontario $245,000.00 $92,483.27 $152,516.73 35.66% 37.75%
Manitoba $245,000.00 $93,449.00 $151,551.00 36.06% 38.14%
New Brunswick $245,000.00 $93,927.43 $151,072.57 36.25% 38.34%
Newfoundland and Labrador $245,000.00 $94,720.57 $150,279.43 36.58% 38.66%
Prince Edward Island $245,000.00 $97,040.26 $147,959.74 37.52% 39.61%
Nova Scotia $245,000.00 $100,021.25 $144,978.75 38.74% 40.83%
Quebec $245,000.00 $100,320.86 $144,679.14 38.64% 40.95%
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.