2024 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$118,001.00
Salary
$118,001.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$33,177.51
Federal Tax
$18,292.75
Provincial Tax
$9,780.14
CPP Contributions
$4,055.50
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$1,049.12
Net Pay
$84,823.49
Marginal Tax Rate
43.41%
Average Tax Rate
23.79%
Comprehensive Deduction Rate
28.12%
Monthly Salary
Total Income
$9,833.42
Salary
$9,833.42
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$2,764.79
Federal Tax
$1,524.40
Provincial Tax
$815.01
CPP Contributions
$337.96
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$87.43
Net Pay
$7,068.62
Marginal Tax Rate
43.41%
Average Tax Rate
23.79%
Comprehensive Deduction Rate
28.12%
Biweekly Salary
Total Income
$4,538.50
Salary
$4,538.50
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,276.06
Federal Tax
$703.57
Provincial Tax
$376.16
CPP Contributions
$155.98
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$40.35
Net Pay
$3,262.44
Marginal Tax Rate
43.41%
Average Tax Rate
23.79%
Comprehensive Deduction Rate
28.12%
Weekly Salary
Total Income
$2,269.25
Salary
$2,269.25
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$638.03
Federal Tax
$351.78
Provincial Tax
$188.08
CPP Contributions
$77.99
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$20.18
Net Pay
$1,631.22
Marginal Tax Rate
43.41%
Average Tax Rate
23.79%
Comprehensive Deduction Rate
28.12%
Daily Salary
Total Income
$453.85
Salary
$453.85
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$127.61
Federal Tax
$70.36
Provincial Tax
$37.62
CPP Contributions
$15.60
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$4.04
Net Pay
$326.24
Marginal Tax Rate
43.41%
Average Tax Rate
23.79%
Comprehensive Deduction Rate
28.12%
Hourly Salary
Total Income
$60.51
Salary
$60.51
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$17.01
Federal Tax
$9.38
Provincial Tax
$5.02
CPP Contributions
$2.08
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.54
Net Pay
$43.50
Marginal Tax Rate
43.41%
Average Tax Rate
23.79%
Comprehensive Deduction Rate
28.12%
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
$118,001.00
Total Deductions
$29,359.68
Net Pay
$88,641.32
Average Tax Rate
20.55%
Comprehensive Deduction Rate
24.88%
Total Income
$118,001.00
Total Deductions
$31,117.84
Net Pay
$86,883.16
Average Tax Rate
22.04%
Comprehensive Deduction Rate
26.37%
Total Income
$118,001.00
Total Deductions
$31,302.69
Net Pay
$86,698.31
Average Tax Rate
22.2%
Comprehensive Deduction Rate
26.53%
Total Income
$118,001.00
Total Deductions
$31,496.78
Net Pay
$86,504.22
Average Tax Rate
22.37%
Comprehensive Deduction Rate
26.69%
Total Income
$118,001.00
Total Deductions
$32,563.72
Net Pay
$85,437.28
Average Tax Rate
23.27%
Comprehensive Deduction Rate
27.6%
Total Income
$118,001.00
Total Deductions
$33,177.51
Net Pay
$84,823.49
Average Tax Rate
23.79%
Comprehensive Deduction Rate
28.12%
Total Income
$118,001.00
Total Deductions
$34,697.42
Net Pay
$83,303.58
Average Tax Rate
25.08%
Comprehensive Deduction Rate
29.4%
Total Income
$118,001.00
Total Deductions
$36,177.43
Net Pay
$81,823.57
Average Tax Rate
26.33%
Comprehensive Deduction Rate
30.66%
Total Income
$118,001.00
Total Deductions
$36,336.85
Net Pay
$81,664.15
Average Tax Rate
26.47%
Comprehensive Deduction Rate
30.79%
Total Income
$118,001.00
Total Deductions
$37,083.99
Net Pay
$80,917.01
Average Tax Rate
27.1%
Comprehensive Deduction Rate
31.43%
Total Income
$118,001.00
Total Deductions
$38,219.20
Net Pay
$79,781.80
Average Tax Rate
28.06%
Comprehensive Deduction Rate
32.39%
Total Income
$118,001.00
Total Deductions
$38,410.13
Net Pay
$79,590.87
Average Tax Rate
27.77%
Comprehensive Deduction Rate
32.55%
Total Income
$118,001.00
Total Deductions
$39,297.69
Net Pay
$78,703.31
Average Tax Rate
28.98%
Comprehensive Deduction Rate
33.3%
| Region | Total Income | Total Deductions | Net Pay | Average Tax Rate | Comprehensive Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $118,001.00 | $29,359.68 | $88,641.32 | 20.55% | 24.88% |
| British Columbia | $118,001.00 | $31,117.84 | $86,883.16 | 22.04% | 26.37% |
| Yukon | $118,001.00 | $31,302.69 | $86,698.31 | 22.2% | 26.53% |
| Northwest Territories | $118,001.00 | $31,496.78 | $86,504.22 | 22.37% | 26.69% |
| Alberta | $118,001.00 | $32,563.72 | $85,437.28 | 23.27% | 27.6% |
| Ontario | $118,001.00 | $33,177.51 | $84,823.49 | 23.79% | 28.12% |
| Saskatchewan | $118,001.00 | $34,697.42 | $83,303.58 | 25.08% | 29.4% |
| Manitoba | $118,001.00 | $36,177.43 | $81,823.57 | 26.33% | 30.66% |
| New Brunswick | $118,001.00 | $36,336.85 | $81,664.15 | 26.47% | 30.79% |
| Newfoundland and Labrador | $118,001.00 | $37,083.99 | $80,917.01 | 27.1% | 31.43% |
| Prince Edward Island | $118,001.00 | $38,219.20 | $79,781.80 | 28.06% | 32.39% |
| Quebec | $118,001.00 | $38,410.13 | $79,590.87 | 27.77% | 32.55% |
| Nova Scotia | $118,001.00 | $39,297.69 | $78,703.31 | 28.98% | 33.3% |
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
Confidential
-
5 Jobs
Port Perry, ON
$55.00 - $65.00 / hour
Permanent
30 days ago
West Parry Sound Health Centre
-
8 Jobs
Peterborough, ON
$39.07 - $56.00 / hour
Permanent
12 days ago
NHI Nursing & Homemakers Inc.
-
3 Jobs
Toronto, ON
$50.00 - $56.00 / hour
Permanent
4 days ago