2024 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$49,501.44
Salary
$49,501.44
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$10,227.48
Federal Tax
$4,374.72
Provincial Tax
$2,293.95
CPP Contributions
$2,737.09
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$821.72
Net Pay
$39,273.96
Marginal Tax Rate
18.64%
Average Tax Rate
13.47%
Comprehensive Deduction Rate
20.66%
Monthly Salary
Total Income
$4,125.12
Salary
$4,125.12
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$852.29
Federal Tax
$364.56
Provincial Tax
$191.16
CPP Contributions
$228.09
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$68.48
Net Pay
$3,272.83
Marginal Tax Rate
18.64%
Average Tax Rate
13.47%
Comprehensive Deduction Rate
20.66%
Biweekly Salary
Total Income
$1,903.90
Salary
$1,903.90
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$393.36
Federal Tax
$168.26
Provincial Tax
$88.23
CPP Contributions
$105.27
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$31.60
Net Pay
$1,510.54
Marginal Tax Rate
18.64%
Average Tax Rate
13.47%
Comprehensive Deduction Rate
20.66%
Weekly Salary
Total Income
$951.95
Salary
$951.95
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$196.68
Federal Tax
$84.13
Provincial Tax
$44.11
CPP Contributions
$52.64
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$15.80
Net Pay
$755.27
Marginal Tax Rate
18.64%
Average Tax Rate
13.47%
Comprehensive Deduction Rate
20.66%
Daily Salary
Total Income
$190.39
Salary
$190.39
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$39.34
Federal Tax
$16.83
Provincial Tax
$8.82
CPP Contributions
$10.53
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$3.16
Net Pay
$151.05
Marginal Tax Rate
18.64%
Average Tax Rate
13.47%
Comprehensive Deduction Rate
20.66%
Hourly Salary
Total Income
$25.39
Salary
$25.39
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$5.24
Federal Tax
$2.24
Provincial Tax
$1.18
CPP Contributions
$1.40
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.42
Net Pay
$20.14
Marginal Tax Rate
18.64%
Average Tax Rate
13.47%
Comprehensive Deduction Rate
20.66%
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
$49,501.44
Total Deductions
$9,020.56
Net Pay
$40,480.88
Average Tax Rate
11.03%
Comprehensive Deduction Rate
18.22%
Total Income
$49,501.44
Total Deductions
$9,619.13
Net Pay
$39,882.31
Average Tax Rate
12.24%
Comprehensive Deduction Rate
19.43%
Total Income
$49,501.44
Total Deductions
$9,662.51
Net Pay
$39,838.93
Average Tax Rate
12.33%
Comprehensive Deduction Rate
19.52%
Total Income
$49,501.44
Total Deductions
$9,777.03
Net Pay
$39,724.41
Average Tax Rate
12.56%
Comprehensive Deduction Rate
19.75%
Total Income
$49,501.44
Total Deductions
$10,227.48
Net Pay
$39,273.96
Average Tax Rate
13.47%
Comprehensive Deduction Rate
20.66%
Total Income
$49,501.44
Total Deductions
$10,339.29
Net Pay
$39,162.15
Average Tax Rate
13.7%
Comprehensive Deduction Rate
20.89%
Total Income
$49,501.44
Total Deductions
$10,815.94
Net Pay
$38,685.50
Average Tax Rate
14.66%
Comprehensive Deduction Rate
21.85%
Total Income
$49,501.44
Total Deductions
$11,026.00
Net Pay
$38,475.44
Average Tax Rate
15.08%
Comprehensive Deduction Rate
22.27%
Total Income
$49,501.44
Total Deductions
$11,239.37
Net Pay
$38,262.07
Average Tax Rate
15.52%
Comprehensive Deduction Rate
22.71%
Total Income
$49,501.44
Total Deductions
$11,355.45
Net Pay
$38,145.99
Average Tax Rate
15.75%
Comprehensive Deduction Rate
22.94%
Total Income
$49,501.44
Total Deductions
$11,485.10
Net Pay
$38,016.34
Average Tax Rate
15.44%
Comprehensive Deduction Rate
23.2%
Total Income
$49,501.44
Total Deductions
$11,708.82
Net Pay
$37,792.62
Average Tax Rate
16.46%
Comprehensive Deduction Rate
23.65%
Total Income
$49,501.44
Total Deductions
$12,318.22
Net Pay
$37,183.22
Average Tax Rate
17.7%
Comprehensive Deduction Rate
24.88%
| Region | Total Income | Total Deductions | Net Pay | Avg. Tax Rate | Comp. Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $49,501.44 | $9,020.56 | $40,480.88 | 11.03% | 18.22% |
| Northwest Territories | $49,501.44 | $9,619.13 | $39,882.31 | 12.24% | 19.43% |
| British Columbia | $49,501.44 | $9,662.51 | $39,838.93 | 12.33% | 19.52% |
| Yukon | $49,501.44 | $9,777.03 | $39,724.41 | 12.56% | 19.75% |
| Ontario | $49,501.44 | $10,227.48 | $39,273.96 | 13.47% | 20.66% |
| Alberta | $49,501.44 | $10,339.29 | $39,162.15 | 13.7% | 20.89% |
| Saskatchewan | $49,501.44 | $10,815.94 | $38,685.50 | 14.66% | 21.85% |
| New Brunswick | $49,501.44 | $11,026.00 | $38,475.44 | 15.08% | 22.27% |
| Manitoba | $49,501.44 | $11,239.37 | $38,262.07 | 15.52% | 22.71% |
| Newfoundland and Labrador | $49,501.44 | $11,355.45 | $38,145.99 | 15.75% | 22.94% |
| Quebec | $49,501.44 | $11,485.10 | $38,016.34 | 15.44% | 23.2% |
| Prince Edward Island | $49,501.44 | $11,708.82 | $37,792.62 | 16.46% | 23.65% |
| Nova Scotia | $49,501.44 | $12,318.22 | $37,183.22 | 17.7% | 24.88% |
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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