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2024 Ontario Income Tax Calculator

Calculate your take-home pay after tax.

Your Results

Yearly Salary
Total Income $250,000.00
Salary $250,000.00
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $95,089.75
Federal Tax $55,046.49
Provincial Tax $34,938.64
CPP Contributions $4,055.50
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $1,049.12
Net Pay $154,910.25
Marginal Tax Rate 53.53%
Average Tax Rate 35.99%
Comprehensive Deduction Rate 38.04%
$250,000.00 a year is how much per hour?
What is the minimum wage in Ontario in 2024?
Monthly Salary
Total Income $20,833.33
Salary $20,833.33
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $7,924.15
Federal Tax $4,587.21
Provincial Tax $2,911.55
CPP Contributions $337.96
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $87.43
Net Pay $12,909.19
Marginal Tax Rate 53.53%
Average Tax Rate 35.99%
Comprehensive Deduction Rate 38.04%
$20,833.33 a month is how much per year?
What is the minimum wage in Ontario in 2024?
Biweekly Salary
Total Income $9,615.38
Salary $9,615.38
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $3,657.30
Federal Tax $2,117.17
Provincial Tax $1,343.79
CPP Contributions $155.98
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $40.35
Net Pay $5,958.09
Marginal Tax Rate 53.53%
Average Tax Rate 35.99%
Comprehensive Deduction Rate 38.04%
$9,615.38 per two weeks is how much per year?
What is the minimum wage in Ontario in 2024?
Weekly Salary
Total Income $4,807.69
Salary $4,807.69
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $1,828.65
Federal Tax $1,058.59
Provincial Tax $671.90
CPP Contributions $77.99
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $20.18
Net Pay $2,979.04
Marginal Tax Rate 53.53%
Average Tax Rate 35.99%
Comprehensive Deduction Rate 38.04%
$4,807.69 a week is how much per year?
What is the minimum wage in Ontario in 2024?
Daily Salary
Total Income $961.54
Salary $961.54
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $365.73
Federal Tax $211.72
Provincial Tax $134.38
CPP Contributions $15.60
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $4.04
Net Pay $595.81
Marginal Tax Rate 53.53%
Average Tax Rate 35.99%
Comprehensive Deduction Rate 38.04%
$961.54 a day is how much per year?
What is the minimum wage in Ontario in 2024?
Hourly Salary
Total Income $128.21
Salary $128.21
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $48.76
Federal Tax $28.23
Provincial Tax $17.92
CPP Contributions $2.08
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $0.54
Net Pay $79.44
Marginal Tax Rate 53.53%
Average Tax Rate 35.99%
Comprehensive Deduction Rate 38.04%
$128.21 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 $250,000.00
Total Deductions $79,913.33
Net Pay $170,086.67
Average Tax Rate 29.92%
Comprehensive Deduction Rate 31.97%
Total Income $250,000.00
Total Deductions $83,903.32
Net Pay $166,096.68
Average Tax Rate 31.52%
Comprehensive Deduction Rate 33.56%
Total Income $250,000.00
Total Deductions $85,400.36
Net Pay $164,599.64
Average Tax Rate 32.12%
Comprehensive Deduction Rate 34.16%
Total Income $250,000.00
Total Deductions $85,935.40
Net Pay $164,064.60
Average Tax Rate 32.33%
Comprehensive Deduction Rate 34.37%
Total Income $250,000.00
Total Deductions $88,341.26
Net Pay $161,658.74
Average Tax Rate 33.29%
Comprehensive Deduction Rate 35.34%
Total Income $250,000.00
Total Deductions $89,976.03
Net Pay $160,023.97
Average Tax Rate 33.95%
Comprehensive Deduction Rate 35.99%
Total Income $250,000.00
Total Deductions $95,089.75
Net Pay $154,910.25
Average Tax Rate 35.99%
Comprehensive Deduction Rate 38.04%
Total Income $250,000.00
Total Deductions $95,899.00
Net Pay $154,101.00
Average Tax Rate 36.32%
Comprehensive Deduction Rate 38.36%
Total Income $250,000.00
Total Deductions $96,482.43
Net Pay $153,517.57
Average Tax Rate 36.55%
Comprehensive Deduction Rate 38.59%
Total Income $250,000.00
Total Deductions $97,290.57
Net Pay $152,709.43
Average Tax Rate 36.87%
Comprehensive Deduction Rate 38.92%
Total Income $250,000.00
Total Deductions $99,557.76
Net Pay $150,442.24
Average Tax Rate 37.78%
Comprehensive Deduction Rate 39.82%
Total Income $250,000.00
Total Deductions $102,651.25
Net Pay $147,348.75
Average Tax Rate 39.02%
Comprehensive Deduction Rate 41.06%
Total Income $250,000.00
Total Deductions $102,927.66
Net Pay $147,072.34
Average Tax Rate 38.91%
Comprehensive Deduction Rate 41.17%
Region Total Income Total Deductions Net Pay Average Tax Rate Comprehensive Deduction Rate
Nunavut $250,000.00 $79,913.33 $170,086.67 29.92% 31.97%
Yukon $250,000.00 $83,903.32 $166,096.68 31.52% 33.56%
Alberta $250,000.00 $85,400.36 $164,599.64 32.12% 34.16%
Northwest Territories $250,000.00 $85,935.40 $164,064.60 32.33% 34.37%
British Columbia $250,000.00 $88,341.26 $161,658.74 33.29% 35.34%
Saskatchewan $250,000.00 $89,976.03 $160,023.97 33.95% 35.99%
Ontario $250,000.00 $95,089.75 $154,910.25 35.99% 38.04%
Manitoba $250,000.00 $95,899.00 $154,101.00 36.32% 38.36%
New Brunswick $250,000.00 $96,482.43 $153,517.57 36.55% 38.59%
Newfoundland and Labrador $250,000.00 $97,290.57 $152,709.43 36.87% 38.92%
Prince Edward Island $250,000.00 $99,557.76 $150,442.24 37.78% 39.82%
Nova Scotia $250,000.00 $102,651.25 $147,348.75 39.02% 41.06%
Quebec $250,000.00 $102,927.66 $147,072.34 38.91% 41.17%
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.