2024 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$39,995.00
Salary
$39,995.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$7,581.88
Federal Tax
$3,046.10
Provincial Tax
$1,700.41
CPP Contributions
$2,171.45
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$663.92
Net Pay
$32,413.12
Marginal Tax Rate
18.65%
Average Tax Rate
11.87%
Comprehensive Deduction Rate
18.96%
Monthly Salary
Total Income
$3,332.92
Salary
$3,332.92
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$631.82
Federal Tax
$253.84
Provincial Tax
$141.70
CPP Contributions
$180.95
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$55.33
Net Pay
$2,701.09
Marginal Tax Rate
18.65%
Average Tax Rate
11.87%
Comprehensive Deduction Rate
18.96%
Biweekly Salary
Total Income
$1,538.27
Salary
$1,538.27
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$291.61
Federal Tax
$117.16
Provincial Tax
$65.40
CPP Contributions
$83.52
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$25.54
Net Pay
$1,246.66
Marginal Tax Rate
18.65%
Average Tax Rate
11.87%
Comprehensive Deduction Rate
18.96%
Weekly Salary
Total Income
$769.13
Salary
$769.13
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$145.81
Federal Tax
$58.58
Provincial Tax
$32.70
CPP Contributions
$41.76
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$12.77
Net Pay
$623.33
Marginal Tax Rate
18.65%
Average Tax Rate
11.87%
Comprehensive Deduction Rate
18.96%
Daily Salary
Total Income
$153.83
Salary
$153.83
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$29.16
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
$124.67
Marginal Tax Rate
18.65%
Average Tax Rate
11.87%
Comprehensive Deduction Rate
18.96%
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
18.65%
Average Tax Rate
11.87%
Comprehensive Deduction Rate
18.96%
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
$39,995.00
Total Deductions
$6,617.18
Net Pay
$33,377.82
Average Tax Rate
9.46%
Comprehensive Deduction Rate
16.55%
Total Income
$39,995.00
Total Deductions
$7,048.88
Net Pay
$32,946.12
Average Tax Rate
10.54%
Comprehensive Deduction Rate
17.62%
Total Income
$39,995.00
Total Deductions
$7,125.20
Net Pay
$32,869.80
Average Tax Rate
10.73%
Comprehensive Deduction Rate
17.82%
Total Income
$39,995.00
Total Deductions
$7,162.86
Net Pay
$32,832.14
Average Tax Rate
10.82%
Comprehensive Deduction Rate
17.91%
Total Income
$39,995.00
Total Deductions
$7,408.93
Net Pay
$32,586.07
Average Tax Rate
11.44%
Comprehensive Deduction Rate
18.52%
Total Income
$39,995.00
Total Deductions
$7,581.88
Net Pay
$32,413.12
Average Tax Rate
11.87%
Comprehensive Deduction Rate
18.96%
Total Income
$39,995.00
Total Deductions
$7,841.68
Net Pay
$32,153.32
Average Tax Rate
12.52%
Comprehensive Deduction Rate
19.61%
Total Income
$39,995.00
Total Deductions
$8,148.34
Net Pay
$31,846.66
Average Tax Rate
13.28%
Comprehensive Deduction Rate
20.37%
Total Income
$39,995.00
Total Deductions
$8,173.19
Net Pay
$31,821.81
Average Tax Rate
13.35%
Comprehensive Deduction Rate
20.44%
Total Income
$39,995.00
Total Deductions
$8,190.47
Net Pay
$31,804.53
Average Tax Rate
13.39%
Comprehensive Deduction Rate
20.48%
Total Income
$39,995.00
Total Deductions
$8,276.06
Net Pay
$31,718.94
Average Tax Rate
13.04%
Comprehensive Deduction Rate
20.69%
Total Income
$39,995.00
Total Deductions
$8,431.92
Net Pay
$31,563.08
Average Tax Rate
13.99%
Comprehensive Deduction Rate
21.08%
Total Income
$39,995.00
Total Deductions
$8,858.39
Net Pay
$31,136.61
Average Tax Rate
15.06%
Comprehensive Deduction Rate
22.15%
| Region | Total Income | Total Deductions | Net Pay | Avg. Tax Rate | Comp. Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $39,995.00 | $6,617.18 | $33,377.82 | 9.46% | 16.55% |
| Northwest Territories | $39,995.00 | $7,048.88 | $32,946.12 | 10.54% | 17.62% |
| British Columbia | $39,995.00 | $7,125.20 | $32,869.80 | 10.73% | 17.82% |
| Yukon | $39,995.00 | $7,162.86 | $32,832.14 | 10.82% | 17.91% |
| Alberta | $39,995.00 | $7,408.93 | $32,586.07 | 11.44% | 18.52% |
| Ontario | $39,995.00 | $7,581.88 | $32,413.12 | 11.87% | 18.96% |
| Saskatchewan | $39,995.00 | $7,841.68 | $32,153.32 | 12.52% | 19.61% |
| New Brunswick | $39,995.00 | $8,148.34 | $31,846.66 | 13.28% | 20.37% |
| Newfoundland and Labrador | $39,995.00 | $8,173.19 | $31,821.81 | 13.35% | 20.44% |
| Manitoba | $39,995.00 | $8,190.47 | $31,804.53 | 13.39% | 20.48% |
| Quebec | $39,995.00 | $8,276.06 | $31,718.94 | 13.04% | 20.69% |
| Prince Edward Island | $39,995.00 | $8,431.92 | $31,563.08 | 13.99% | 21.08% |
| Nova Scotia | $39,995.00 | $8,858.39 | $31,136.61 | 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.
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