2024 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$50,115.00
Salary
$50,115.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$10,388.55
Federal Tax
$4,460.47
Provincial Tax
$2,322.58
CPP Contributions
$2,773.59
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$831.91
Net Pay
$39,726.45
Marginal Tax Rate
18.64%
Average Tax Rate
13.53%
Comprehensive Deduction Rate
20.73%
Monthly Salary
Total Income
$4,176.25
Salary
$4,176.25
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$865.71
Federal Tax
$371.71
Provincial Tax
$193.55
CPP Contributions
$231.13
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$69.33
Net Pay
$3,310.54
Marginal Tax Rate
18.64%
Average Tax Rate
13.53%
Comprehensive Deduction Rate
20.73%
Biweekly Salary
Total Income
$1,927.50
Salary
$1,927.50
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$399.56
Federal Tax
$171.56
Provincial Tax
$89.33
CPP Contributions
$106.68
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$32.00
Net Pay
$1,527.94
Marginal Tax Rate
18.64%
Average Tax Rate
13.53%
Comprehensive Deduction Rate
20.73%
Weekly Salary
Total Income
$963.75
Salary
$963.75
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$199.78
Federal Tax
$85.78
Provincial Tax
$44.67
CPP Contributions
$53.34
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$16.00
Net Pay
$763.97
Marginal Tax Rate
18.64%
Average Tax Rate
13.53%
Comprehensive Deduction Rate
20.73%
Daily Salary
Total Income
$192.75
Salary
$192.75
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$39.96
Federal Tax
$17.16
Provincial Tax
$8.93
CPP Contributions
$10.67
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$3.20
Net Pay
$152.79
Marginal Tax Rate
18.64%
Average Tax Rate
13.53%
Comprehensive Deduction Rate
20.73%
Hourly Salary
Total Income
$25.70
Salary
$25.70
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$5.33
Federal Tax
$2.29
Provincial Tax
$1.19
CPP Contributions
$1.42
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.43
Net Pay
$20.37
Marginal Tax Rate
18.64%
Average Tax Rate
13.53%
Comprehensive Deduction Rate
20.73%
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
$50,115.00
Total Deductions
$9,175.67
Net Pay
$40,939.33
Average Tax Rate
11.11%
Comprehensive Deduction Rate
18.31%
Total Income
$50,115.00
Total Deductions
$9,785.03
Net Pay
$40,329.97
Average Tax Rate
12.33%
Comprehensive Deduction Rate
19.53%
Total Income
$50,115.00
Total Deductions
$9,839.84
Net Pay
$40,275.16
Average Tax Rate
12.44%
Comprehensive Deduction Rate
19.63%
Total Income
$50,115.00
Total Deductions
$9,945.75
Net Pay
$40,169.25
Average Tax Rate
12.65%
Comprehensive Deduction Rate
19.85%
Total Income
$50,115.00
Total Deductions
$10,388.55
Net Pay
$39,726.45
Average Tax Rate
13.53%
Comprehensive Deduction Rate
20.73%
Total Income
$50,115.00
Total Deductions
$10,528.42
Net Pay
$39,586.58
Average Tax Rate
13.81%
Comprehensive Deduction Rate
21.01%
Total Income
$50,115.00
Total Deductions
$11,007.91
Net Pay
$39,107.09
Average Tax Rate
14.77%
Comprehensive Deduction Rate
21.97%
Total Income
$50,115.00
Total Deductions
$11,219.01
Net Pay
$38,895.99
Average Tax Rate
15.19%
Comprehensive Deduction Rate
22.39%
Total Income
$50,115.00
Total Deductions
$11,445.00
Net Pay
$38,670.00
Average Tax Rate
15.64%
Comprehensive Deduction Rate
22.84%
Total Income
$50,115.00
Total Deductions
$11,572.80
Net Pay
$38,542.20
Average Tax Rate
15.9%
Comprehensive Deduction Rate
23.09%
Total Income
$50,115.00
Total Deductions
$11,692.22
Net Pay
$38,422.78
Average Tax Rate
15.56%
Comprehensive Deduction Rate
23.33%
Total Income
$50,115.00
Total Deductions
$11,920.30
Net Pay
$38,194.70
Average Tax Rate
16.59%
Comprehensive Deduction Rate
23.79%
Total Income
$50,115.00
Total Deductions
$12,541.52
Net Pay
$37,573.48
Average Tax Rate
17.83%
Comprehensive Deduction Rate
25.03%
| Region | Total Income | Total Deductions | Net Pay | Avg. Tax Rate | Comp. Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $50,115.00 | $9,175.67 | $40,939.33 | 11.11% | 18.31% |
| Northwest Territories | $50,115.00 | $9,785.03 | $40,329.97 | 12.33% | 19.53% |
| British Columbia | $50,115.00 | $9,839.84 | $40,275.16 | 12.44% | 19.63% |
| Yukon | $50,115.00 | $9,945.75 | $40,169.25 | 12.65% | 19.85% |
| Ontario | $50,115.00 | $10,388.55 | $39,726.45 | 13.53% | 20.73% |
| Alberta | $50,115.00 | $10,528.42 | $39,586.58 | 13.81% | 21.01% |
| Saskatchewan | $50,115.00 | $11,007.91 | $39,107.09 | 14.77% | 21.97% |
| New Brunswick | $50,115.00 | $11,219.01 | $38,895.99 | 15.19% | 22.39% |
| Manitoba | $50,115.00 | $11,445.00 | $38,670.00 | 15.64% | 22.84% |
| Newfoundland and Labrador | $50,115.00 | $11,572.80 | $38,542.20 | 15.9% | 23.09% |
| Quebec | $50,115.00 | $11,692.22 | $38,422.78 | 15.56% | 23.33% |
| Prince Edward Island | $50,115.00 | $11,920.30 | $38,194.70 | 16.59% | 23.79% |
| Nova Scotia | $50,115.00 | $12,541.52 | $37,573.48 | 17.83% | 25.03% |
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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