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2024 Ontario Income Tax Calculator

Calculate your take-home pay after tax.

Your Results

Yearly Salary
Total Income $42,500.00
Salary $42,500.00
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $8,239.49
Federal Tax $3,396.20
Provincial Tax $1,817.29
CPP Contributions $2,320.50
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $705.50
Net Pay $34,260.51
Marginal Tax Rate 18.64%
Average Tax Rate 12.27%
Comprehensive Deduction Rate 19.39%
$42,500.00 a year is how much per hour?
What is the minimum wage in Ontario in 2025?
Monthly Salary
Total Income $3,541.67
Salary $3,541.67
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $686.62
Federal Tax $283.02
Provincial Tax $151.44
CPP Contributions $193.38
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $58.79
Net Pay $2,855.04
Marginal Tax Rate 18.64%
Average Tax Rate 12.27%
Comprehensive Deduction Rate 19.39%
$3,541.67 a month is how much per year?
What is the minimum wage in Ontario in 2025?
Biweekly Salary
Total Income $1,634.62
Salary $1,634.62
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $316.90
Federal Tax $130.62
Provincial Tax $69.90
CPP Contributions $89.25
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $27.13
Net Pay $1,317.71
Marginal Tax Rate 18.64%
Average Tax Rate 12.27%
Comprehensive Deduction Rate 19.39%
$1,634.62 per two weeks is how much per year?
What is the minimum wage in Ontario in 2025?
Weekly Salary
Total Income $817.31
Salary $817.31
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $158.45
Federal Tax $65.31
Provincial Tax $34.95
CPP Contributions $44.63
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $13.57
Net Pay $658.86
Marginal Tax Rate 18.64%
Average Tax Rate 12.27%
Comprehensive Deduction Rate 19.39%
$817.31 a week is how much per year?
What is the minimum wage in Ontario in 2025?
Daily Salary
Total Income $163.46
Salary $163.46
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $31.69
Federal Tax $13.06
Provincial Tax $6.99
CPP Contributions $8.93
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $2.71
Net Pay $131.77
Marginal Tax Rate 18.64%
Average Tax Rate 12.27%
Comprehensive Deduction Rate 19.39%
$163.46 a day is how much per year?
What is the minimum wage in Ontario in 2025?
Hourly Salary
Total Income $21.79
Salary $21.79
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $4.23
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 $17.57
Marginal Tax Rate 18.64%
Average Tax Rate 12.27%
Comprehensive Deduction Rate 19.39%
$21.79 an hour is how much per year?
What is the minimum wage in Ontario in 2025?

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 $42,500.00
Total Deductions $7,250.48
Net Pay $35,249.52
Average Tax Rate 9.94%
Comprehensive Deduction Rate 17.06%
Total Income $42,500.00
Total Deductions $7,726.16
Net Pay $34,773.84
Average Tax Rate 11.06%
Comprehensive Deduction Rate 18.18%
Total Income $42,500.00
Total Deductions $7,783.03
Net Pay $34,716.97
Average Tax Rate 11.19%
Comprehensive Deduction Rate 18.31%
Total Income $42,500.00
Total Deductions $7,851.71
Net Pay $34,648.29
Average Tax Rate 11.35%
Comprehensive Deduction Rate 18.47%
Total Income $42,500.00
Total Deductions $8,181.10
Net Pay $34,318.90
Average Tax Rate 12.13%
Comprehensive Deduction Rate 19.25%
Total Income $42,500.00
Total Deductions $8,239.49
Net Pay $34,260.51
Average Tax Rate 12.27%
Comprehensive Deduction Rate 19.39%
Total Income $42,500.00
Total Deductions $8,625.41
Net Pay $33,874.59
Average Tax Rate 13.18%
Comprehensive Deduction Rate 20.3%
Total Income $42,500.00
Total Deductions $8,906.62
Net Pay $33,593.38
Average Tax Rate 13.84%
Comprehensive Deduction Rate 20.96%
Total Income $42,500.00
Total Deductions $8,915.27
Net Pay $33,584.73
Average Tax Rate 13.86%
Comprehensive Deduction Rate 20.98%
Total Income $42,500.00
Total Deductions $8,981.15
Net Pay $33,518.85
Average Tax Rate 14.01%
Comprehensive Deduction Rate 21.13%
Total Income $42,500.00
Total Deductions $9,121.65
Net Pay $33,378.35
Average Tax Rate 13.78%
Comprehensive Deduction Rate 21.46%
Total Income $42,500.00
Total Deductions $9,295.40
Net Pay $33,204.60
Average Tax Rate 14.75%
Comprehensive Deduction Rate 21.87%
Total Income $42,500.00
Total Deductions $9,770.08
Net Pay $32,729.92
Average Tax Rate 15.87%
Comprehensive Deduction Rate 22.99%
Region Total Income Total Deductions Net Pay Avg. Tax Rate Comp. Deduction Rate
Nunavut $42,500.00 $7,250.48 $35,249.52 9.94% 17.06%
Northwest Territories $42,500.00 $7,726.16 $34,773.84 11.06% 18.18%
British Columbia $42,500.00 $7,783.03 $34,716.97 11.19% 18.31%
Yukon $42,500.00 $7,851.71 $34,648.29 11.35% 18.47%
Alberta $42,500.00 $8,181.10 $34,318.90 12.13% 19.25%
Ontario $42,500.00 $8,239.49 $34,260.51 12.27% 19.39%
Saskatchewan $42,500.00 $8,625.41 $33,874.59 13.18% 20.3%
New Brunswick $42,500.00 $8,906.62 $33,593.38 13.84% 20.96%
Newfoundland and Labrador $42,500.00 $8,915.27 $33,584.73 13.86% 20.98%
Manitoba $42,500.00 $8,981.15 $33,518.85 14.01% 21.13%
Quebec $42,500.00 $9,121.65 $33,378.35 13.78% 21.46%
Prince Edward Island $42,500.00 $9,295.40 $33,204.60 14.75% 21.87%
Nova Scotia $42,500.00 $9,770.08 $32,729.92 15.87% 22.99%
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.