2024 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$80,008.50
Salary
$80,008.50
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$20,374.64
Federal Tax
$10,159.24
Provincial Tax
$5,110.78
CPP Contributions
$4,055.50
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$1,049.12
Net Pay
$59,633.86
Marginal Tax Rate
29.65%
Average Tax Rate
19.09%
Comprehensive Deduction Rate
25.47%
Monthly Salary
Total Income
$6,667.38
Salary
$6,667.38
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,697.89
Federal Tax
$846.60
Provincial Tax
$425.90
CPP Contributions
$337.96
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$87.43
Net Pay
$4,969.49
Marginal Tax Rate
29.65%
Average Tax Rate
19.09%
Comprehensive Deduction Rate
25.47%
Biweekly Salary
Total Income
$3,077.25
Salary
$3,077.25
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$783.64
Federal Tax
$390.74
Provincial Tax
$196.57
CPP Contributions
$155.98
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$40.35
Net Pay
$2,293.61
Marginal Tax Rate
29.65%
Average Tax Rate
19.09%
Comprehensive Deduction Rate
25.47%
Weekly Salary
Total Income
$1,538.63
Salary
$1,538.63
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$391.82
Federal Tax
$195.37
Provincial Tax
$98.28
CPP Contributions
$77.99
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$20.18
Net Pay
$1,146.81
Marginal Tax Rate
29.65%
Average Tax Rate
19.09%
Comprehensive Deduction Rate
25.47%
Daily Salary
Total Income
$307.73
Salary
$307.73
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$78.36
Federal Tax
$39.07
Provincial Tax
$19.66
CPP Contributions
$15.60
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$4.04
Net Pay
$229.36
Marginal Tax Rate
29.65%
Average Tax Rate
19.09%
Comprehensive Deduction Rate
25.47%
Hourly Salary
Total Income
$41.03
Salary
$41.03
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$10.45
Federal Tax
$5.21
Provincial Tax
$2.62
CPP Contributions
$2.08
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.54
Net Pay
$30.58
Marginal Tax Rate
29.65%
Average Tax Rate
19.09%
Comprehensive Deduction Rate
25.47%
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
$80,008.50
Total Deductions
$18,337.68
Net Pay
$61,670.82
Average Tax Rate
16.54%
Comprehensive Deduction Rate
22.92%
Total Income
$80,008.50
Total Deductions
$19,296.66
Net Pay
$60,711.84
Average Tax Rate
17.74%
Comprehensive Deduction Rate
24.12%
Total Income
$80,008.50
Total Deductions
$19,490.88
Net Pay
$60,517.62
Average Tax Rate
17.98%
Comprehensive Deduction Rate
24.36%
Total Income
$80,008.50
Total Deductions
$19,629.84
Net Pay
$60,378.66
Average Tax Rate
18.15%
Comprehensive Deduction Rate
24.53%
Total Income
$80,008.50
Total Deductions
$20,374.64
Net Pay
$59,633.86
Average Tax Rate
19.09%
Comprehensive Deduction Rate
25.47%
Total Income
$80,008.50
Total Deductions
$20,630.96
Net Pay
$59,377.54
Average Tax Rate
19.41%
Comprehensive Deduction Rate
25.79%
Total Income
$80,008.50
Total Deductions
$21,814.84
Net Pay
$58,193.66
Average Tax Rate
20.89%
Comprehensive Deduction Rate
27.27%
Total Income
$80,008.50
Total Deductions
$22,362.83
Net Pay
$57,645.67
Average Tax Rate
21.57%
Comprehensive Deduction Rate
27.95%
Total Income
$80,008.50
Total Deductions
$22,522.37
Net Pay
$57,486.13
Average Tax Rate
21.77%
Comprehensive Deduction Rate
28.15%
Total Income
$80,008.50
Total Deductions
$23,031.55
Net Pay
$56,976.95
Average Tax Rate
22.41%
Comprehensive Deduction Rate
28.79%
Total Income
$80,008.50
Total Deductions
$23,583.93
Net Pay
$56,424.57
Average Tax Rate
23.1%
Comprehensive Deduction Rate
29.48%
Total Income
$80,008.50
Total Deductions
$23,674.60
Net Pay
$56,333.91
Average Tax Rate
22.62%
Comprehensive Deduction Rate
29.59%
Total Income
$80,008.50
Total Deductions
$24,623.42
Net Pay
$55,385.08
Average Tax Rate
24.4%
Comprehensive Deduction Rate
30.78%
| Region | Total Income | Total Deductions | Net Pay | Average Tax Rate | Comprehensive Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $80,008.50 | $18,337.68 | $61,670.82 | 16.54% | 22.92% |
| British Columbia | $80,008.50 | $19,296.66 | $60,711.84 | 17.74% | 24.12% |
| Northwest Territories | $80,008.50 | $19,490.88 | $60,517.62 | 17.98% | 24.36% |
| Yukon | $80,008.50 | $19,629.84 | $60,378.66 | 18.15% | 24.53% |
| Ontario | $80,008.50 | $20,374.64 | $59,633.86 | 19.09% | 25.47% |
| Alberta | $80,008.50 | $20,630.96 | $59,377.54 | 19.41% | 25.79% |
| Saskatchewan | $80,008.50 | $21,814.84 | $58,193.66 | 20.89% | 27.27% |
| Manitoba | $80,008.50 | $22,362.83 | $57,645.67 | 21.57% | 27.95% |
| New Brunswick | $80,008.50 | $22,522.37 | $57,486.13 | 21.77% | 28.15% |
| Newfoundland and Labrador | $80,008.50 | $23,031.55 | $56,976.95 | 22.41% | 28.79% |
| Prince Edward Island | $80,008.50 | $23,583.93 | $56,424.57 | 23.1% | 29.48% |
| Quebec | $80,008.50 | $23,674.60 | $56,333.91 | 22.62% | 29.59% |
| Nova Scotia | $80,008.50 | $24,623.42 | $55,385.08 | 24.4% | 30.78% |
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
Hamilton Health Sciences
-
5 Jobs
Kitchener, ON
$37.93 - $54.37 / hour
Permanent
24 days ago
Hamilton Health Sciences
-
5 Jobs
Toronto, ON
$37.93 - $54.37 / hour
Permanent
3 days ago
Innovative Occupational Therapy Services
London, ON • Remote
$88,000 - $190,000 / year
Permanent
30 days ago