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2024 Ontario Income Tax Calculator

Calculate your take-home pay after tax.

Your Results

Yearly Salary
Total Income $40,001.04
Salary $40,001.04
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $7,583.47
Federal Tax $3,046.95
Provincial Tax $1,700.69
CPP Contributions $2,171.81
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $664.02
Net Pay $32,417.57
Marginal Tax Rate 18.64%
Average Tax Rate 11.87%
Comprehensive Deduction Rate 18.96%
$40,001.04 a year is how much per hour?
What is the minimum wage in Ontario in 2024?
Monthly Salary
Total Income $3,333.42
Salary $3,333.42
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $631.96
Federal Tax $253.91
Provincial Tax $141.72
CPP Contributions $180.98
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $55.34
Net Pay $2,701.46
Marginal Tax Rate 18.64%
Average Tax Rate 11.87%
Comprehensive Deduction Rate 18.96%
$3,333.42 a month is how much per year?
What is the minimum wage in Ontario in 2024?
Biweekly Salary
Total Income $1,538.50
Salary $1,538.50
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $291.67
Federal Tax $117.19
Provincial Tax $65.41
CPP Contributions $83.53
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $25.54
Net Pay $1,246.83
Marginal Tax Rate 18.64%
Average Tax Rate 11.87%
Comprehensive Deduction Rate 18.96%
$1,538.50 per two weeks is how much per year?
What is the minimum wage in Ontario in 2024?
Weekly Salary
Total Income $769.25
Salary $769.25
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $145.84
Federal Tax $58.60
Provincial Tax $32.71
CPP Contributions $41.77
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $12.77
Net Pay $623.41
Marginal Tax Rate 18.64%
Average Tax Rate 11.87%
Comprehensive Deduction Rate 18.96%
$769.25 a week is how much per year?
What is the minimum wage in Ontario in 2024?
Daily Salary
Total Income $153.85
Salary $153.85
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $29.17
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 $124.68
Marginal Tax Rate 18.64%
Average Tax Rate 11.87%
Comprehensive Deduction Rate 18.96%
$153.85 a day is how much per year?
What is the minimum wage in Ontario in 2024?
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 18.64%
Average Tax Rate 11.87%
Comprehensive Deduction Rate 18.96%
$20.51 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 $40,001.04
Total Deductions $6,618.71
Net Pay $33,382.33
Average Tax Rate 9.46%
Comprehensive Deduction Rate 16.55%
Total Income $40,001.04
Total Deductions $7,050.52
Net Pay $32,950.52
Average Tax Rate 10.54%
Comprehensive Deduction Rate 17.63%
Total Income $40,001.04
Total Deductions $7,126.79
Net Pay $32,874.25
Average Tax Rate 10.73%
Comprehensive Deduction Rate 17.82%
Total Income $40,001.04
Total Deductions $7,164.53
Net Pay $32,836.51
Average Tax Rate 10.82%
Comprehensive Deduction Rate 17.91%
Total Income $40,001.04
Total Deductions $7,410.80
Net Pay $32,590.24
Average Tax Rate 11.44%
Comprehensive Deduction Rate 18.53%
Total Income $40,001.04
Total Deductions $7,583.47
Net Pay $32,417.57
Average Tax Rate 11.87%
Comprehensive Deduction Rate 18.96%
Total Income $40,001.04
Total Deductions $7,843.57
Net Pay $32,157.47
Average Tax Rate 12.52%
Comprehensive Deduction Rate 19.61%
Total Income $40,001.04
Total Deductions $8,150.17
Net Pay $31,850.87
Average Tax Rate 13.29%
Comprehensive Deduction Rate 20.37%
Total Income $40,001.04
Total Deductions $8,174.98
Net Pay $31,826.06
Average Tax Rate 13.35%
Comprehensive Deduction Rate 20.44%
Total Income $40,001.04
Total Deductions $8,192.38
Net Pay $31,808.66
Average Tax Rate 13.39%
Comprehensive Deduction Rate 20.48%
Total Income $40,001.04
Total Deductions $8,278.10
Net Pay $31,722.94
Average Tax Rate 13.04%
Comprehensive Deduction Rate 20.69%
Total Income $40,001.04
Total Deductions $8,434.01
Net Pay $31,567.03
Average Tax Rate 14%
Comprehensive Deduction Rate 21.08%
Total Income $40,001.04
Total Deductions $8,860.61
Net Pay $31,140.43
Average Tax Rate 15.06%
Comprehensive Deduction Rate 22.15%
Region Total Income Total Deductions Net Pay Average Tax Rate Comprehensive Deduction Rate
Nunavut $40,001.04 $6,618.71 $33,382.33 9.46% 16.55%
Northwest Territories $40,001.04 $7,050.52 $32,950.52 10.54% 17.63%
British Columbia $40,001.04 $7,126.79 $32,874.25 10.73% 17.82%
Yukon $40,001.04 $7,164.53 $32,836.51 10.82% 17.91%
Alberta $40,001.04 $7,410.80 $32,590.24 11.44% 18.53%
Ontario $40,001.04 $7,583.47 $32,417.57 11.87% 18.96%
Saskatchewan $40,001.04 $7,843.57 $32,157.47 12.52% 19.61%
New Brunswick $40,001.04 $8,150.17 $31,850.87 13.29% 20.37%
Newfoundland and Labrador $40,001.04 $8,174.98 $31,826.06 13.35% 20.44%
Manitoba $40,001.04 $8,192.38 $31,808.66 13.39% 20.48%
Quebec $40,001.04 $8,278.10 $31,722.94 13.04% 20.69%
Prince Edward Island $40,001.04 $8,434.01 $31,567.03 14% 21.08%
Nova Scotia $40,001.04 $8,860.61 $31,140.43 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.