2024 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$47,850.40
Salary
$47,850.40
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$9,644.06
Federal Tax
$4,143.97
Provincial Tax
$2,066.92
CPP Contributions
$2,638.85
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$794.32
Net Pay
$38,206.34
Marginal Tax Rate
18.64%
Average Tax Rate
12.98%
Comprehensive Deduction Rate
20.15%
Monthly Salary
Total Income
$3,987.53
Salary
$3,987.53
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$803.67
Federal Tax
$345.33
Provincial Tax
$172.24
CPP Contributions
$219.90
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$66.19
Net Pay
$3,183.86
Marginal Tax Rate
18.64%
Average Tax Rate
12.98%
Comprehensive Deduction Rate
20.15%
Biweekly Salary
Total Income
$1,840.40
Salary
$1,840.40
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$370.93
Federal Tax
$159.38
Provincial Tax
$79.50
CPP Contributions
$101.49
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$30.55
Net Pay
$1,469.47
Marginal Tax Rate
18.64%
Average Tax Rate
12.98%
Comprehensive Deduction Rate
20.15%
Weekly Salary
Total Income
$920.20
Salary
$920.20
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$185.46
Federal Tax
$79.69
Provincial Tax
$39.75
CPP Contributions
$50.75
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$15.28
Net Pay
$734.74
Marginal Tax Rate
18.64%
Average Tax Rate
12.98%
Comprehensive Deduction Rate
20.15%
Daily Salary
Total Income
$184.04
Salary
$184.04
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$37.09
Federal Tax
$15.94
Provincial Tax
$7.95
CPP Contributions
$10.15
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$3.06
Net Pay
$146.95
Marginal Tax Rate
18.64%
Average Tax Rate
12.98%
Comprehensive Deduction Rate
20.15%
Hourly Salary
Total Income
$24.54
Salary
$24.54
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$4.95
Federal Tax
$2.13
Provincial Tax
$1.06
CPP Contributions
$1.35
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.41
Net Pay
$19.59
Marginal Tax Rate
18.64%
Average Tax Rate
12.98%
Comprehensive Deduction Rate
20.15%
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
$47,850.40
Total Deductions
$8,603.15
Net Pay
$39,247.25
Average Tax Rate
10.8%
Comprehensive Deduction Rate
17.98%
Total Income
$47,850.40
Total Deductions
$9,172.74
Net Pay
$38,677.66
Average Tax Rate
11.99%
Comprehensive Deduction Rate
19.17%
Total Income
$47,850.40
Total Deductions
$9,188.10
Net Pay
$38,662.30
Average Tax Rate
12.03%
Comprehensive Deduction Rate
19.2%
Total Income
$47,850.40
Total Deductions
$9,323.02
Net Pay
$38,527.38
Average Tax Rate
12.31%
Comprehensive Deduction Rate
19.48%
Total Income
$47,850.40
Total Deductions
$9,644.06
Net Pay
$38,206.34
Average Tax Rate
12.98%
Comprehensive Deduction Rate
20.15%
Total Income
$47,850.40
Total Deductions
$9,830.36
Net Pay
$38,020.04
Average Tax Rate
13.37%
Comprehensive Deduction Rate
20.54%
Total Income
$47,850.40
Total Deductions
$10,299.39
Net Pay
$37,551.01
Average Tax Rate
14.35%
Comprehensive Deduction Rate
21.52%
Total Income
$47,850.40
Total Deductions
$10,526.22
Net Pay
$37,324.18
Average Tax Rate
14.82%
Comprehensive Deduction Rate
22%
Total Income
$47,850.40
Total Deductions
$10,686.05
Net Pay
$37,164.35
Average Tax Rate
15.16%
Comprehensive Deduction Rate
22.33%
Total Income
$47,850.40
Total Deductions
$10,770.59
Net Pay
$37,079.81
Average Tax Rate
15.33%
Comprehensive Deduction Rate
22.51%
Total Income
$47,850.40
Total Deductions
$10,927.78
Net Pay
$36,922.62
Average Tax Rate
15.09%
Comprehensive Deduction Rate
22.84%
Total Income
$47,850.40
Total Deductions
$11,139.70
Net Pay
$36,710.70
Average Tax Rate
16.11%
Comprehensive Deduction Rate
23.28%
Total Income
$47,850.40
Total Deductions
$11,717.32
Net Pay
$36,133.08
Average Tax Rate
17.31%
Comprehensive Deduction Rate
24.49%
| Region | Total Income | Total Deductions | Net Pay | Avg. Tax Rate | Comp. Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $47,850.40 | $8,603.15 | $39,247.25 | 10.8% | 17.98% |
| Northwest Territories | $47,850.40 | $9,172.74 | $38,677.66 | 11.99% | 19.17% |
| British Columbia | $47,850.40 | $9,188.10 | $38,662.30 | 12.03% | 19.2% |
| Yukon | $47,850.40 | $9,323.02 | $38,527.38 | 12.31% | 19.48% |
| Ontario | $47,850.40 | $9,644.06 | $38,206.34 | 12.98% | 20.15% |
| Alberta | $47,850.40 | $9,830.36 | $38,020.04 | 13.37% | 20.54% |
| Saskatchewan | $47,850.40 | $10,299.39 | $37,551.01 | 14.35% | 21.52% |
| New Brunswick | $47,850.40 | $10,526.22 | $37,324.18 | 14.82% | 22% |
| Manitoba | $47,850.40 | $10,686.05 | $37,164.35 | 15.16% | 22.33% |
| Newfoundland and Labrador | $47,850.40 | $10,770.59 | $37,079.81 | 15.33% | 22.51% |
| Quebec | $47,850.40 | $10,927.78 | $36,922.62 | 15.09% | 22.84% |
| Prince Edward Island | $47,850.40 | $11,139.70 | $36,710.70 | 16.11% | 23.28% |
| Nova Scotia | $47,850.40 | $11,717.32 | $36,133.08 | 17.31% | 24.49% |
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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