2024 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$42,480.12
Salary
$42,480.12
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$8,234.27
Federal Tax
$3,393.42
Provincial Tax
$1,816.36
CPP Contributions
$2,319.32
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$705.17
Net Pay
$34,245.85
Marginal Tax Rate
18.65%
Average Tax Rate
12.26%
Comprehensive Deduction Rate
19.38%
Monthly Salary
Total Income
$3,540.01
Salary
$3,540.01
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$686.19
Federal Tax
$282.79
Provincial Tax
$151.36
CPP Contributions
$193.28
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$58.76
Net Pay
$2,853.82
Marginal Tax Rate
18.65%
Average Tax Rate
12.26%
Comprehensive Deduction Rate
19.38%
Biweekly Salary
Total Income
$1,633.85
Salary
$1,633.85
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$316.70
Federal Tax
$130.52
Provincial Tax
$69.86
CPP Contributions
$89.20
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$27.12
Net Pay
$1,317.15
Marginal Tax Rate
18.65%
Average Tax Rate
12.26%
Comprehensive Deduction Rate
19.38%
Weekly Salary
Total Income
$816.93
Salary
$816.93
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$158.35
Federal Tax
$65.26
Provincial Tax
$34.93
CPP Contributions
$44.60
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$13.56
Net Pay
$658.57
Marginal Tax Rate
18.65%
Average Tax Rate
12.26%
Comprehensive Deduction Rate
19.38%
Daily Salary
Total Income
$163.39
Salary
$163.39
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$31.67
Federal Tax
$13.05
Provincial Tax
$6.99
CPP Contributions
$8.92
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$2.71
Net Pay
$131.71
Marginal Tax Rate
18.65%
Average Tax Rate
12.26%
Comprehensive Deduction Rate
19.38%
Hourly Salary
Total Income
$21.78
Salary
$21.78
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$4.22
Federal Tax
$1.74
Provincial Tax
$0.93
CPP Contributions
$1.19
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.36
Net Pay
$17.56
Marginal Tax Rate
18.65%
Average Tax Rate
12.26%
Comprehensive Deduction Rate
19.38%
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
$42,480.12
Total Deductions
$7,245.45
Net Pay
$35,234.67
Average Tax Rate
9.94%
Comprehensive Deduction Rate
17.06%
Total Income
$42,480.12
Total Deductions
$7,720.79
Net Pay
$34,759.33
Average Tax Rate
11.06%
Comprehensive Deduction Rate
18.18%
Total Income
$42,480.12
Total Deductions
$7,777.81
Net Pay
$34,702.31
Average Tax Rate
11.19%
Comprehensive Deduction Rate
18.31%
Total Income
$42,480.12
Total Deductions
$7,846.24
Net Pay
$34,633.88
Average Tax Rate
11.35%
Comprehensive Deduction Rate
18.47%
Total Income
$42,480.12
Total Deductions
$8,174.97
Net Pay
$34,305.15
Average Tax Rate
12.12%
Comprehensive Deduction Rate
19.24%
Total Income
$42,480.12
Total Deductions
$8,234.27
Net Pay
$34,245.85
Average Tax Rate
12.26%
Comprehensive Deduction Rate
19.38%
Total Income
$42,480.12
Total Deductions
$8,619.19
Net Pay
$33,860.93
Average Tax Rate
13.17%
Comprehensive Deduction Rate
20.29%
Total Income
$42,480.12
Total Deductions
$8,900.60
Net Pay
$33,579.52
Average Tax Rate
13.83%
Comprehensive Deduction Rate
20.95%
Total Income
$42,480.12
Total Deductions
$8,909.38
Net Pay
$33,570.74
Average Tax Rate
13.85%
Comprehensive Deduction Rate
20.97%
Total Income
$42,480.12
Total Deductions
$8,974.88
Net Pay
$33,505.24
Average Tax Rate
14.01%
Comprehensive Deduction Rate
21.13%
Total Income
$42,480.12
Total Deductions
$9,114.95
Net Pay
$33,365.17
Average Tax Rate
13.77%
Comprehensive Deduction Rate
21.46%
Total Income
$42,480.12
Total Deductions
$9,288.55
Net Pay
$33,191.57
Average Tax Rate
14.75%
Comprehensive Deduction Rate
21.87%
Total Income
$42,480.12
Total Deductions
$9,762.85
Net Pay
$32,717.27
Average Tax Rate
15.86%
Comprehensive Deduction Rate
22.98%
| Region | Total Income | Total Deductions | Net Pay | Avg. Tax Rate | Comp. Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $42,480.12 | $7,245.45 | $35,234.67 | 9.94% | 17.06% |
| Northwest Territories | $42,480.12 | $7,720.79 | $34,759.33 | 11.06% | 18.18% |
| British Columbia | $42,480.12 | $7,777.81 | $34,702.31 | 11.19% | 18.31% |
| Yukon | $42,480.12 | $7,846.24 | $34,633.88 | 11.35% | 18.47% |
| Alberta | $42,480.12 | $8,174.97 | $34,305.15 | 12.12% | 19.24% |
| Ontario | $42,480.12 | $8,234.27 | $34,245.85 | 12.26% | 19.38% |
| Saskatchewan | $42,480.12 | $8,619.19 | $33,860.93 | 13.17% | 20.29% |
| New Brunswick | $42,480.12 | $8,900.60 | $33,579.52 | 13.83% | 20.95% |
| Newfoundland and Labrador | $42,480.12 | $8,909.38 | $33,570.74 | 13.85% | 20.97% |
| Manitoba | $42,480.12 | $8,974.88 | $33,505.24 | 14.01% | 21.13% |
| Quebec | $42,480.12 | $9,114.95 | $33,365.17 | 13.77% | 21.46% |
| Prince Edward Island | $42,480.12 | $9,288.55 | $33,191.57 | 14.75% | 21.87% |
| Nova Scotia | $42,480.12 | $9,762.85 | $32,717.27 | 15.86% | 22.98% |
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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