2024 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$87,599.20
Salary
$87,599.20
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$22,625.28
Federal Tax
$11,715.33
Provincial Tax
$5,805.33
CPP Contributions
$4,055.50
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$1,049.12
Net Pay
$64,973.92
Marginal Tax Rate
29.65%
Average Tax Rate
20%
Comprehensive Deduction Rate
25.83%
Monthly Salary
Total Income
$7,299.93
Salary
$7,299.93
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,885.44
Federal Tax
$976.28
Provincial Tax
$483.78
CPP Contributions
$337.96
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$87.43
Net Pay
$5,414.49
Marginal Tax Rate
29.65%
Average Tax Rate
20%
Comprehensive Deduction Rate
25.83%
Biweekly Salary
Total Income
$3,369.20
Salary
$3,369.20
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$870.20
Federal Tax
$450.59
Provincial Tax
$223.28
CPP Contributions
$155.98
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$40.35
Net Pay
$2,499.00
Marginal Tax Rate
29.65%
Average Tax Rate
20%
Comprehensive Deduction Rate
25.83%
Weekly Salary
Total Income
$1,684.60
Salary
$1,684.60
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$435.10
Federal Tax
$225.29
Provincial Tax
$111.64
CPP Contributions
$77.99
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$20.18
Net Pay
$1,249.50
Marginal Tax Rate
29.65%
Average Tax Rate
20%
Comprehensive Deduction Rate
25.83%
Daily Salary
Total Income
$336.92
Salary
$336.92
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$87.02
Federal Tax
$45.06
Provincial Tax
$22.33
CPP Contributions
$15.60
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$4.04
Net Pay
$249.90
Marginal Tax Rate
29.65%
Average Tax Rate
20%
Comprehensive Deduction Rate
25.83%
Hourly Salary
Total Income
$44.92
Salary
$44.92
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$11.60
Federal Tax
$6.01
Provincial Tax
$2.98
CPP Contributions
$2.08
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.54
Net Pay
$33.32
Marginal Tax Rate
29.65%
Average Tax Rate
20%
Comprehensive Deduction Rate
25.83%
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
$87,599.20
Total Deductions
$20,425.11
Net Pay
$67,174.09
Average Tax Rate
17.49%
Comprehensive Deduction Rate
23.32%
Total Income
$87,599.20
Total Deductions
$21,437.24
Net Pay
$66,161.96
Average Tax Rate
18.64%
Comprehensive Deduction Rate
24.47%
Total Income
$87,599.20
Total Deductions
$21,699.77
Net Pay
$65,899.43
Average Tax Rate
18.94%
Comprehensive Deduction Rate
24.77%
Total Income
$87,599.20
Total Deductions
$21,869.09
Net Pay
$65,730.11
Average Tax Rate
19.14%
Comprehensive Deduction Rate
24.96%
Total Income
$87,599.20
Total Deductions
$22,625.28
Net Pay
$64,973.92
Average Tax Rate
20%
Comprehensive Deduction Rate
25.83%
Total Income
$87,599.20
Total Deductions
$22,946.12
Net Pay
$64,653.08
Average Tax Rate
20.37%
Comprehensive Deduction Rate
26.19%
Total Income
$87,599.20
Total Deductions
$24,319.77
Net Pay
$63,279.43
Average Tax Rate
21.94%
Comprehensive Deduction Rate
27.76%
Total Income
$87,599.20
Total Deductions
$24,886.74
Net Pay
$62,712.46
Average Tax Rate
22.58%
Comprehensive Deduction Rate
28.41%
Total Income
$87,599.20
Total Deductions
$25,141.16
Net Pay
$62,458.04
Average Tax Rate
22.87%
Comprehensive Deduction Rate
28.7%
Total Income
$87,599.20
Total Deductions
$25,703.08
Net Pay
$61,896.12
Average Tax Rate
23.51%
Comprehensive Deduction Rate
29.34%
Total Income
$87,599.20
Total Deductions
$26,403.87
Net Pay
$61,195.33
Average Tax Rate
24.31%
Comprehensive Deduction Rate
30.14%
Total Income
$87,599.20
Total Deductions
$26,448.97
Net Pay
$61,150.23
Average Tax Rate
23.78%
Comprehensive Deduction Rate
30.19%
Total Income
$87,599.20
Total Deductions
$27,444.88
Net Pay
$60,154.32
Average Tax Rate
25.5%
Comprehensive Deduction Rate
31.33%
| Region | Total Income | Total Deductions | Net Pay | Average Tax Rate | Comprehensive Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $87,599.20 | $20,425.11 | $67,174.09 | 17.49% | 23.32% |
| British Columbia | $87,599.20 | $21,437.24 | $66,161.96 | 18.64% | 24.47% |
| Northwest Territories | $87,599.20 | $21,699.77 | $65,899.43 | 18.94% | 24.77% |
| Yukon | $87,599.20 | $21,869.09 | $65,730.11 | 19.14% | 24.96% |
| Ontario | $87,599.20 | $22,625.28 | $64,973.92 | 20% | 25.83% |
| Alberta | $87,599.20 | $22,946.12 | $64,653.08 | 20.37% | 26.19% |
| Saskatchewan | $87,599.20 | $24,319.77 | $63,279.43 | 21.94% | 27.76% |
| Manitoba | $87,599.20 | $24,886.74 | $62,712.46 | 22.58% | 28.41% |
| New Brunswick | $87,599.20 | $25,141.16 | $62,458.04 | 22.87% | 28.7% |
| Newfoundland and Labrador | $87,599.20 | $25,703.08 | $61,896.12 | 23.51% | 29.34% |
| Prince Edward Island | $87,599.20 | $26,403.87 | $61,195.33 | 24.31% | 30.14% |
| Quebec | $87,599.20 | $26,448.97 | $61,150.23 | 23.78% | 30.19% |
| Nova Scotia | $87,599.20 | $27,444.88 | $60,154.32 | 25.5% | 31.33% |
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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