2024 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$41,040.00
Salary
$41,040.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$7,856.21
Federal Tax
$3,192.15
Provincial Tax
$1,749.17
CPP Contributions
$2,233.63
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$681.26
Net Pay
$33,183.79
Marginal Tax Rate
18.64%
Average Tax Rate
12.04%
Comprehensive Deduction Rate
19.14%
Monthly Salary
Total Income
$3,420.00
Salary
$3,420.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$654.68
Federal Tax
$266.01
Provincial Tax
$145.76
CPP Contributions
$186.14
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$56.77
Net Pay
$2,765.32
Marginal Tax Rate
18.64%
Average Tax Rate
12.04%
Comprehensive Deduction Rate
19.14%
Biweekly Salary
Total Income
$1,578.46
Salary
$1,578.46
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$302.16
Federal Tax
$122.78
Provincial Tax
$67.28
CPP Contributions
$85.91
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$26.20
Net Pay
$1,276.30
Marginal Tax Rate
18.64%
Average Tax Rate
12.04%
Comprehensive Deduction Rate
19.14%
Weekly Salary
Total Income
$789.23
Salary
$789.23
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$151.08
Federal Tax
$61.39
Provincial Tax
$33.64
CPP Contributions
$42.95
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$13.10
Net Pay
$638.15
Marginal Tax Rate
18.64%
Average Tax Rate
12.04%
Comprehensive Deduction Rate
19.14%
Daily Salary
Total Income
$157.85
Salary
$157.85
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$30.22
Federal Tax
$12.28
Provincial Tax
$6.73
CPP Contributions
$8.59
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$2.62
Net Pay
$127.63
Marginal Tax Rate
18.64%
Average Tax Rate
12.04%
Comprehensive Deduction Rate
19.14%
Hourly Salary
Total Income
$21.05
Salary
$21.05
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$4.03
Federal Tax
$1.64
Provincial Tax
$0.90
CPP Contributions
$1.15
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.35
Net Pay
$17.02
Marginal Tax Rate
18.64%
Average Tax Rate
12.04%
Comprehensive Deduction Rate
19.14%
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
$41,040.00
Total Deductions
$6,881.36
Net Pay
$34,158.64
Average Tax Rate
9.66%
Comprehensive Deduction Rate
16.77%
Total Income
$41,040.00
Total Deductions
$7,331.41
Net Pay
$33,708.59
Average Tax Rate
10.76%
Comprehensive Deduction Rate
17.86%
Total Income
$41,040.00
Total Deductions
$7,399.62
Net Pay
$33,640.38
Average Tax Rate
10.93%
Comprehensive Deduction Rate
18.03%
Total Income
$41,040.00
Total Deductions
$7,450.22
Net Pay
$33,589.78
Average Tax Rate
11.05%
Comprehensive Deduction Rate
18.15%
Total Income
$41,040.00
Total Deductions
$7,731.05
Net Pay
$33,308.95
Average Tax Rate
11.74%
Comprehensive Deduction Rate
18.84%
Total Income
$41,040.00
Total Deductions
$7,856.21
Net Pay
$33,183.79
Average Tax Rate
12.04%
Comprehensive Deduction Rate
19.14%
Total Income
$41,040.00
Total Deductions
$8,168.62
Net Pay
$32,871.38
Average Tax Rate
12.8%
Comprehensive Deduction Rate
19.9%
Total Income
$41,040.00
Total Deductions
$8,464.66
Net Pay
$32,575.34
Average Tax Rate
13.52%
Comprehensive Deduction Rate
20.63%
Total Income
$41,040.00
Total Deductions
$8,482.75
Net Pay
$32,557.25
Average Tax Rate
13.57%
Comprehensive Deduction Rate
20.67%
Total Income
$41,040.00
Total Deductions
$8,520.31
Net Pay
$32,519.69
Average Tax Rate
13.66%
Comprehensive Deduction Rate
20.76%
Total Income
$41,040.00
Total Deductions
$8,628.81
Net Pay
$32,411.19
Average Tax Rate
13.36%
Comprehensive Deduction Rate
21.03%
Total Income
$41,040.00
Total Deductions
$8,792.13
Net Pay
$32,247.87
Average Tax Rate
14.32%
Comprehensive Deduction Rate
21.42%
Total Income
$41,040.00
Total Deductions
$9,238.72
Net Pay
$31,801.28
Average Tax Rate
15.41%
Comprehensive Deduction Rate
22.51%
| Region | Total Income | Total Deductions | Net Pay | Avg. Tax Rate | Comp. Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $41,040.00 | $6,881.36 | $34,158.64 | 9.66% | 16.77% |
| Northwest Territories | $41,040.00 | $7,331.41 | $33,708.59 | 10.76% | 17.86% |
| British Columbia | $41,040.00 | $7,399.62 | $33,640.38 | 10.93% | 18.03% |
| Yukon | $41,040.00 | $7,450.22 | $33,589.78 | 11.05% | 18.15% |
| Alberta | $41,040.00 | $7,731.05 | $33,308.95 | 11.74% | 18.84% |
| Ontario | $41,040.00 | $7,856.21 | $33,183.79 | 12.04% | 19.14% |
| Saskatchewan | $41,040.00 | $8,168.62 | $32,871.38 | 12.8% | 19.9% |
| New Brunswick | $41,040.00 | $8,464.66 | $32,575.34 | 13.52% | 20.63% |
| Newfoundland and Labrador | $41,040.00 | $8,482.75 | $32,557.25 | 13.57% | 20.67% |
| Manitoba | $41,040.00 | $8,520.31 | $32,519.69 | 13.66% | 20.76% |
| Quebec | $41,040.00 | $8,628.81 | $32,411.19 | 13.36% | 21.03% |
| Prince Edward Island | $41,040.00 | $8,792.13 | $32,247.87 | 14.32% | 21.42% |
| Nova Scotia | $41,040.00 | $9,238.72 | $31,801.28 | 15.41% | 22.51% |
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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