2024 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$70,005.00
Salary
$70,005.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$17,258.60
Federal Tax
$8,108.52
Provincial Tax
$4,045.46
CPP Contributions
$4,055.50
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$1,049.12
Net Pay
$52,746.40
Marginal Tax Rate
29.65%
Average Tax Rate
17.36%
Comprehensive Deduction Rate
24.65%
Monthly Salary
Total Income
$5,833.75
Salary
$5,833.75
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,438.22
Federal Tax
$675.71
Provincial Tax
$337.12
CPP Contributions
$337.96
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$87.43
Net Pay
$4,395.53
Marginal Tax Rate
29.65%
Average Tax Rate
17.36%
Comprehensive Deduction Rate
24.65%
Biweekly Salary
Total Income
$2,692.50
Salary
$2,692.50
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$663.79
Federal Tax
$311.87
Provincial Tax
$155.59
CPP Contributions
$155.98
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$40.35
Net Pay
$2,028.71
Marginal Tax Rate
29.65%
Average Tax Rate
17.36%
Comprehensive Deduction Rate
24.65%
Weekly Salary
Total Income
$1,346.25
Salary
$1,346.25
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$331.90
Federal Tax
$155.93
Provincial Tax
$77.80
CPP Contributions
$77.99
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$20.18
Net Pay
$1,014.35
Marginal Tax Rate
29.65%
Average Tax Rate
17.36%
Comprehensive Deduction Rate
24.65%
Daily Salary
Total Income
$269.25
Salary
$269.25
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$66.38
Federal Tax
$31.19
Provincial Tax
$15.56
CPP Contributions
$15.60
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$4.04
Net Pay
$202.87
Marginal Tax Rate
29.65%
Average Tax Rate
17.36%
Comprehensive Deduction Rate
24.65%
Hourly Salary
Total Income
$35.90
Salary
$35.90
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$8.85
Federal Tax
$4.16
Provincial Tax
$2.07
CPP Contributions
$2.08
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.54
Net Pay
$27.05
Marginal Tax Rate
29.65%
Average Tax Rate
17.36%
Comprehensive Deduction Rate
24.65%
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% |
Income taxes on hourly wages
Annual Income Tax by Province/Territory
Total Income
$70,005.00
Total Deductions
$15,586.71
Net Pay
$54,418.29
Average Tax Rate
14.97%
Comprehensive Deduction Rate
22.27%
Total Income
$70,005.00
Total Deductions
$16,475.68
Net Pay
$53,529.32
Average Tax Rate
16.24%
Comprehensive Deduction Rate
23.54%
Total Income
$70,005.00
Total Deductions
$16,579.86
Net Pay
$53,425.14
Average Tax Rate
16.39%
Comprehensive Deduction Rate
23.68%
Total Income
$70,005.00
Total Deductions
$16,678.80
Net Pay
$53,326.20
Average Tax Rate
16.53%
Comprehensive Deduction Rate
23.83%
Total Income
$70,005.00
Total Deductions
$17,258.60
Net Pay
$52,746.40
Average Tax Rate
17.36%
Comprehensive Deduction Rate
24.65%
Total Income
$70,005.00
Total Deductions
$17,579.89
Net Pay
$52,425.11
Average Tax Rate
17.82%
Comprehensive Deduction Rate
25.11%
Total Income
$70,005.00
Total Deductions
$18,513.69
Net Pay
$51,491.31
Average Tax Rate
19.15%
Comprehensive Deduction Rate
26.45%
Total Income
$70,005.00
Total Deductions
$19,036.67
Net Pay
$50,968.33
Average Tax Rate
19.9%
Comprehensive Deduction Rate
27.19%
Total Income
$70,005.00
Total Deductions
$19,071.16
Net Pay
$50,933.84
Average Tax Rate
19.95%
Comprehensive Deduction Rate
27.24%
Total Income
$70,005.00
Total Deductions
$19,530.33
Net Pay
$50,474.67
Average Tax Rate
20.61%
Comprehensive Deduction Rate
27.9%
Total Income
$70,005.00
Total Deductions
$19,867.62
Net Pay
$50,137.38
Average Tax Rate
21.09%
Comprehensive Deduction Rate
28.38%
Total Income
$70,005.00
Total Deductions
$20,018.35
Net Pay
$49,986.65
Average Tax Rate
20.7%
Comprehensive Deduction Rate
28.6%
Total Income
$70,005.00
Total Deductions
$20,878.77
Net Pay
$49,126.23
Average Tax Rate
22.53%
Comprehensive Deduction Rate
29.82%
| Region | Total Income | Total Deductions | Net Pay | Average Tax Rate | Comprehensive Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $70,005.00 | $15,586.71 | $54,418.29 | 14.97% | 22.27% |
| British Columbia | $70,005.00 | $16,475.68 | $53,529.32 | 16.24% | 23.54% |
| Northwest Territories | $70,005.00 | $16,579.86 | $53,425.14 | 16.39% | 23.68% |
| Yukon | $70,005.00 | $16,678.80 | $53,326.20 | 16.53% | 23.83% |
| Ontario | $70,005.00 | $17,258.60 | $52,746.40 | 17.36% | 24.65% |
| Alberta | $70,005.00 | $17,579.89 | $52,425.11 | 17.82% | 25.11% |
| Saskatchewan | $70,005.00 | $18,513.69 | $51,491.31 | 19.15% | 26.45% |
| Manitoba | $70,005.00 | $19,036.67 | $50,968.33 | 19.9% | 27.19% |
| New Brunswick | $70,005.00 | $19,071.16 | $50,933.84 | 19.95% | 27.24% |
| Newfoundland and Labrador | $70,005.00 | $19,530.33 | $50,474.67 | 20.61% | 27.9% |
| Prince Edward Island | $70,005.00 | $19,867.62 | $50,137.38 | 21.09% | 28.38% |
| Quebec | $70,005.00 | $20,018.35 | $49,986.65 | 20.7% | 28.6% |
| Nova Scotia | $70,005.00 | $20,878.77 | $49,126.23 | 22.53% | 29.82% |
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 in Ontario
Ogemawahj Tribal Council
Toronto, ON
$73,000 - $105,000 / year
Permanent
Today
Long Lake First Nation
Longlac, ON
$53,624 - $103,592 / year
Permanent
18 days ago
Canadian Red Cross
-
59 Jobs
Ottawa, ON
$51,028 - $70,599 / year
Full-time
4 days ago