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2024 Ontario Income Tax Calculator

Calculate your take-home pay after tax.

Your Results

Yearly Salary
Total Income $47,999.88
Salary $47,999.88
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $9,683.29
Federal Tax $4,164.86
Provincial Tax $2,073.89
CPP Contributions $2,647.74
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $796.80
Net Pay $38,316.59
Marginal Tax Rate 43.61%
Average Tax Rate 13%
Comprehensive Deduction Rate 20.17%
$47,999.88 a year is how much per hour?
What is the minimum wage in Ontario in 2024?
Monthly Salary
Total Income $3,999.99
Salary $3,999.99
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $806.94
Federal Tax $347.07
Provincial Tax $172.82
CPP Contributions $220.65
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $66.40
Net Pay $3,193.05
Marginal Tax Rate 43.61%
Average Tax Rate 13%
Comprehensive Deduction Rate 20.17%
$3,999.99 a month is how much per year?
What is the minimum wage in Ontario in 2024?
Biweekly Salary
Total Income $1,846.15
Salary $1,846.15
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $372.43
Federal Tax $160.19
Provincial Tax $79.77
CPP Contributions $101.84
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $30.65
Net Pay $1,473.72
Marginal Tax Rate 43.61%
Average Tax Rate 13%
Comprehensive Deduction Rate 20.17%
$1,846.15 per two weeks is how much per year?
What is the minimum wage in Ontario in 2024?
Weekly Salary
Total Income $923.07
Salary $923.07
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $186.22
Federal Tax $80.09
Provincial Tax $39.88
CPP Contributions $50.92
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $15.32
Net Pay $736.86
Marginal Tax Rate 43.61%
Average Tax Rate 13%
Comprehensive Deduction Rate 20.17%
$923.07 a week is how much per year?
What is the minimum wage in Ontario in 2024?
Daily Salary
Total Income $184.61
Salary $184.61
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $37.24
Federal Tax $16.02
Provincial Tax $7.98
CPP Contributions $10.18
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $3.06
Net Pay $147.37
Marginal Tax Rate 43.61%
Average Tax Rate 13%
Comprehensive Deduction Rate 20.17%
$184.61 a day is how much per year?
What is the minimum wage in Ontario in 2024?
Hourly Salary
Total Income $24.62
Salary $24.62
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $4.97
Federal Tax $2.14
Provincial Tax $1.06
CPP Contributions $1.36
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $0.41
Net Pay $19.65
Marginal Tax Rate 43.61%
Average Tax Rate 13%
Comprehensive Deduction Rate 20.17%
$24.62 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 $47,999.88
Total Deductions $8,640.94
Net Pay $39,358.94
Average Tax Rate 10.83%
Comprehensive Deduction Rate 18%
Total Income $47,999.88
Total Deductions $9,213.15
Net Pay $38,786.73
Average Tax Rate 12.02%
Comprehensive Deduction Rate 19.19%
Total Income $47,999.88
Total Deductions $9,228.55
Net Pay $38,771.33
Average Tax Rate 12.05%
Comprehensive Deduction Rate 19.23%
Total Income $47,999.88
Total Deductions $9,364.11
Net Pay $38,635.77
Average Tax Rate 12.33%
Comprehensive Deduction Rate 19.51%
Total Income $47,999.88
Total Deductions $9,683.29
Net Pay $38,316.59
Average Tax Rate 13%
Comprehensive Deduction Rate 20.17%
Total Income $47,999.88
Total Deductions $9,876.44
Net Pay $38,123.44
Average Tax Rate 13.4%
Comprehensive Deduction Rate 20.58%
Total Income $47,999.88
Total Deductions $10,346.15
Net Pay $37,653.73
Average Tax Rate 14.38%
Comprehensive Deduction Rate 21.55%
Total Income $47,999.88
Total Deductions $10,571.46
Net Pay $37,428.42
Average Tax Rate 14.85%
Comprehensive Deduction Rate 22.02%
Total Income $47,999.88
Total Deductions $10,736.13
Net Pay $37,263.75
Average Tax Rate 15.19%
Comprehensive Deduction Rate 22.37%
Total Income $47,999.88
Total Deductions $10,823.54
Net Pay $37,176.34
Average Tax Rate 15.37%
Comprehensive Deduction Rate 22.55%
Total Income $47,999.88
Total Deductions $10,978.22
Net Pay $37,021.66
Average Tax Rate 15.12%
Comprehensive Deduction Rate 22.87%
Total Income $47,999.88
Total Deductions $11,191.22
Net Pay $36,808.66
Average Tax Rate 16.14%
Comprehensive Deduction Rate 23.32%
Total Income $47,999.88
Total Deductions $11,771.72
Net Pay $36,228.16
Average Tax Rate 17.35%
Comprehensive Deduction Rate 24.52%
Region Total Income Total Deductions Net Pay Average Tax Rate Comprehensive Deduction Rate
Nunavut $47,999.88 $8,640.94 $39,358.94 10.83% 18%
Northwest Territories $47,999.88 $9,213.15 $38,786.73 12.02% 19.19%
British Columbia $47,999.88 $9,228.55 $38,771.33 12.05% 19.23%
Yukon $47,999.88 $9,364.11 $38,635.77 12.33% 19.51%
Ontario $47,999.88 $9,683.29 $38,316.59 13% 20.17%
Alberta $47,999.88 $9,876.44 $38,123.44 13.4% 20.58%
Saskatchewan $47,999.88 $10,346.15 $37,653.73 14.38% 21.55%
New Brunswick $47,999.88 $10,571.46 $37,428.42 14.85% 22.02%
Manitoba $47,999.88 $10,736.13 $37,263.75 15.19% 22.37%
Newfoundland and Labrador $47,999.88 $10,823.54 $37,176.34 15.37% 22.55%
Quebec $47,999.88 $10,978.22 $37,021.66 15.12% 22.87%
Prince Edward Island $47,999.88 $11,191.22 $36,808.66 16.14% 23.32%
Nova Scotia $47,999.88 $11,771.72 $36,228.16 17.35% 24.52%
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.