2024 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$49,004.76
Salary
$49,004.76
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$10,097.09
Federal Tax
$4,305.30
Provincial Tax
$2,270.78
CPP Contributions
$2,707.53
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$813.48
Net Pay
$38,907.67
Marginal Tax Rate
18.64%
Average Tax Rate
13.42%
Comprehensive Deduction Rate
20.6%
Monthly Salary
Total Income
$4,083.73
Salary
$4,083.73
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$841.42
Federal Tax
$358.78
Provincial Tax
$189.23
CPP Contributions
$225.63
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$67.79
Net Pay
$3,242.31
Marginal Tax Rate
18.64%
Average Tax Rate
13.42%
Comprehensive Deduction Rate
20.6%
Biweekly Salary
Total Income
$1,884.80
Salary
$1,884.80
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$388.35
Federal Tax
$165.59
Provincial Tax
$87.34
CPP Contributions
$104.14
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$31.29
Net Pay
$1,496.45
Marginal Tax Rate
18.64%
Average Tax Rate
13.42%
Comprehensive Deduction Rate
20.6%
Weekly Salary
Total Income
$942.40
Salary
$942.40
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$194.17
Federal Tax
$82.79
Provincial Tax
$43.67
CPP Contributions
$52.07
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$15.64
Net Pay
$748.22
Marginal Tax Rate
18.64%
Average Tax Rate
13.42%
Comprehensive Deduction Rate
20.6%
Daily Salary
Total Income
$188.48
Salary
$188.48
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$38.83
Federal Tax
$16.56
Provincial Tax
$8.73
CPP Contributions
$10.41
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$3.13
Net Pay
$149.64
Marginal Tax Rate
18.64%
Average Tax Rate
13.42%
Comprehensive Deduction Rate
20.6%
Hourly Salary
Total Income
$25.13
Salary
$25.13
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$5.18
Federal Tax
$2.21
Provincial Tax
$1.16
CPP Contributions
$1.39
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.42
Net Pay
$19.95
Marginal Tax Rate
18.64%
Average Tax Rate
13.42%
Comprehensive Deduction Rate
20.6%
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
$49,004.76
Total Deductions
$8,894.98
Net Pay
$40,109.78
Average Tax Rate
10.97%
Comprehensive Deduction Rate
18.15%
Total Income
$49,004.76
Total Deductions
$9,484.84
Net Pay
$39,519.92
Average Tax Rate
12.17%
Comprehensive Deduction Rate
19.35%
Total Income
$49,004.76
Total Deductions
$9,518.97
Net Pay
$39,485.79
Average Tax Rate
12.24%
Comprehensive Deduction Rate
19.42%
Total Income
$49,004.76
Total Deductions
$9,640.44
Net Pay
$39,364.32
Average Tax Rate
12.49%
Comprehensive Deduction Rate
19.67%
Total Income
$49,004.76
Total Deductions
$10,097.09
Net Pay
$38,907.67
Average Tax Rate
13.42%
Comprehensive Deduction Rate
20.6%
Total Income
$49,004.76
Total Deductions
$10,186.19
Net Pay
$38,818.57
Average Tax Rate
13.6%
Comprehensive Deduction Rate
20.79%
Total Income
$49,004.76
Total Deductions
$10,660.54
Net Pay
$38,344.22
Average Tax Rate
14.57%
Comprehensive Deduction Rate
21.75%
Total Income
$49,004.76
Total Deductions
$10,875.65
Net Pay
$38,129.11
Average Tax Rate
15.01%
Comprehensive Deduction Rate
22.19%
Total Income
$49,004.76
Total Deductions
$11,072.91
Net Pay
$37,931.85
Average Tax Rate
15.41%
Comprehensive Deduction Rate
22.6%
Total Income
$49,004.76
Total Deductions
$11,179.50
Net Pay
$37,825.26
Average Tax Rate
15.63%
Comprehensive Deduction Rate
22.81%
Total Income
$49,004.76
Total Deductions
$11,317.43
Net Pay
$37,687.33
Average Tax Rate
15.34%
Comprehensive Deduction Rate
23.09%
Total Income
$49,004.76
Total Deductions
$11,537.60
Net Pay
$37,467.16
Average Tax Rate
16.36%
Comprehensive Deduction Rate
23.54%
Total Income
$49,004.76
Total Deductions
$12,137.44
Net Pay
$36,867.32
Average Tax Rate
17.58%
Comprehensive Deduction Rate
24.77%
| Region | Total Income | Total Deductions | Net Pay | Avg. Tax Rate | Comp. Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $49,004.76 | $8,894.98 | $40,109.78 | 10.97% | 18.15% |
| Northwest Territories | $49,004.76 | $9,484.84 | $39,519.92 | 12.17% | 19.35% |
| British Columbia | $49,004.76 | $9,518.97 | $39,485.79 | 12.24% | 19.42% |
| Yukon | $49,004.76 | $9,640.44 | $39,364.32 | 12.49% | 19.67% |
| Ontario | $49,004.76 | $10,097.09 | $38,907.67 | 13.42% | 20.6% |
| Alberta | $49,004.76 | $10,186.19 | $38,818.57 | 13.6% | 20.79% |
| Saskatchewan | $49,004.76 | $10,660.54 | $38,344.22 | 14.57% | 21.75% |
| New Brunswick | $49,004.76 | $10,875.65 | $38,129.11 | 15.01% | 22.19% |
| Manitoba | $49,004.76 | $11,072.91 | $37,931.85 | 15.41% | 22.6% |
| Newfoundland and Labrador | $49,004.76 | $11,179.50 | $37,825.26 | 15.63% | 22.81% |
| Quebec | $49,004.76 | $11,317.43 | $37,687.33 | 15.34% | 23.09% |
| Prince Edward Island | $49,004.76 | $11,537.60 | $37,467.16 | 16.36% | 23.54% |
| Nova Scotia | $49,004.76 | $12,137.44 | $36,867.32 | 17.58% | 24.77% |
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 paying $4,084+/month
Paladin Security
Mississauga, ON
$26.00 / hour
Full-time
5 days ago
Are you looking to relocate to Ontario or just browsing through cities within the province/territory?
Check out our Ontario demographics page for more information.