2024 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$39,996.00
Salary
$39,996.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$7,582.14
Federal Tax
$3,046.24
Provincial Tax
$1,700.46
CPP Contributions
$2,171.51
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$663.93
Net Pay
$32,413.86
Marginal Tax Rate
18.65%
Average Tax Rate
11.87%
Comprehensive Deduction Rate
18.96%
Monthly Salary
Total Income
$3,333.00
Salary
$3,333.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$631.85
Federal Tax
$253.85
Provincial Tax
$141.71
CPP Contributions
$180.96
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$55.33
Net Pay
$2,701.16
Marginal Tax Rate
18.65%
Average Tax Rate
11.87%
Comprehensive Deduction Rate
18.96%
Biweekly Salary
Total Income
$1,538.31
Salary
$1,538.31
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$291.62
Federal Tax
$117.16
Provincial Tax
$65.40
CPP Contributions
$83.52
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$25.54
Net Pay
$1,246.69
Marginal Tax Rate
18.65%
Average Tax Rate
11.87%
Comprehensive Deduction Rate
18.96%
Weekly Salary
Total Income
$769.15
Salary
$769.15
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$145.81
Federal Tax
$58.58
Provincial Tax
$32.70
CPP Contributions
$41.76
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$12.77
Net Pay
$623.34
Marginal Tax Rate
18.65%
Average Tax Rate
11.87%
Comprehensive Deduction Rate
18.96%
Daily Salary
Total Income
$153.83
Salary
$153.83
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$29.16
Federal Tax
$11.72
Provincial Tax
$6.54
CPP Contributions
$8.35
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$2.55
Net Pay
$124.67
Marginal Tax Rate
18.65%
Average Tax Rate
11.87%
Comprehensive Deduction Rate
18.96%
Hourly Salary
Total Income
$20.51
Salary
$20.51
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$3.89
Federal Tax
$1.56
Provincial Tax
$0.87
CPP Contributions
$1.11
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.34
Net Pay
$16.62
Marginal Tax Rate
18.65%
Average Tax Rate
11.87%
Comprehensive Deduction Rate
18.96%
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
$39,996.00
Total Deductions
$6,617.42
Net Pay
$33,378.58
Average Tax Rate
9.46%
Comprehensive Deduction Rate
16.55%
Total Income
$39,996.00
Total Deductions
$7,049.14
Net Pay
$32,946.86
Average Tax Rate
10.54%
Comprehensive Deduction Rate
17.62%
Total Income
$39,996.00
Total Deductions
$7,125.46
Net Pay
$32,870.54
Average Tax Rate
10.73%
Comprehensive Deduction Rate
17.82%
Total Income
$39,996.00
Total Deductions
$7,163.12
Net Pay
$32,832.88
Average Tax Rate
10.82%
Comprehensive Deduction Rate
17.91%
Total Income
$39,996.00
Total Deductions
$7,409.24
Net Pay
$32,586.76
Average Tax Rate
11.44%
Comprehensive Deduction Rate
18.52%
Total Income
$39,996.00
Total Deductions
$7,582.14
Net Pay
$32,413.86
Average Tax Rate
11.87%
Comprehensive Deduction Rate
18.96%
Total Income
$39,996.00
Total Deductions
$7,841.98
Net Pay
$32,154.02
Average Tax Rate
12.52%
Comprehensive Deduction Rate
19.61%
Total Income
$39,996.00
Total Deductions
$8,148.63
Net Pay
$31,847.37
Average Tax Rate
13.28%
Comprehensive Deduction Rate
20.37%
Total Income
$39,996.00
Total Deductions
$8,173.48
Net Pay
$31,822.52
Average Tax Rate
13.35%
Comprehensive Deduction Rate
20.44%
Total Income
$39,996.00
Total Deductions
$8,190.78
Net Pay
$31,805.22
Average Tax Rate
13.39%
Comprehensive Deduction Rate
20.48%
Total Income
$39,996.00
Total Deductions
$8,276.39
Net Pay
$31,719.61
Average Tax Rate
13.04%
Comprehensive Deduction Rate
20.69%
Total Income
$39,996.00
Total Deductions
$8,432.26
Net Pay
$31,563.74
Average Tax Rate
13.99%
Comprehensive Deduction Rate
21.08%
Total Income
$39,996.00
Total Deductions
$8,858.75
Net Pay
$31,137.25
Average Tax Rate
15.06%
Comprehensive Deduction Rate
22.15%
| Region | Total Income | Total Deductions | Net Pay | Avg. Tax Rate | Comp. Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $39,996.00 | $6,617.42 | $33,378.58 | 9.46% | 16.55% |
| Northwest Territories | $39,996.00 | $7,049.14 | $32,946.86 | 10.54% | 17.62% |
| British Columbia | $39,996.00 | $7,125.46 | $32,870.54 | 10.73% | 17.82% |
| Yukon | $39,996.00 | $7,163.12 | $32,832.88 | 10.82% | 17.91% |
| Alberta | $39,996.00 | $7,409.24 | $32,586.76 | 11.44% | 18.52% |
| Ontario | $39,996.00 | $7,582.14 | $32,413.86 | 11.87% | 18.96% |
| Saskatchewan | $39,996.00 | $7,841.98 | $32,154.02 | 12.52% | 19.61% |
| New Brunswick | $39,996.00 | $8,148.63 | $31,847.37 | 13.28% | 20.37% |
| Newfoundland and Labrador | $39,996.00 | $8,173.48 | $31,822.52 | 13.35% | 20.44% |
| Manitoba | $39,996.00 | $8,190.78 | $31,805.22 | 13.39% | 20.48% |
| Quebec | $39,996.00 | $8,276.39 | $31,719.61 | 13.04% | 20.69% |
| Prince Edward Island | $39,996.00 | $8,432.26 | $31,563.74 | 13.99% | 21.08% |
| Nova Scotia | $39,996.00 | $8,858.75 | $31,137.25 | 15.06% | 22.15% |
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.
Jobs paying $3,333+/month
Paladin Security
-
117 Jobs
Toronto, ON
$22.00 - $23.50 / hour
Full-time
7 days ago
Canadian Red Cross
-
43 Jobs
Greater Sudbury, ON
$26.32 / hour
Full-time
10 days ago
Are you looking to relocate to Ontario or just browsing through cities within the province/territory?
Check out our Ontario demographics page for more information.