2024 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$48,500.16
Salary
$48,500.16
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$9,939.67
Federal Tax
$4,234.78
Provincial Tax
$2,222.28
CPP Contributions
$2,677.51
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$805.10
Net Pay
$38,560.49
Marginal Tax Rate
43.59%
Average Tax Rate
13.31%
Comprehensive Deduction Rate
20.49%
Monthly Salary
Total Income
$4,041.68
Salary
$4,041.68
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$828.31
Federal Tax
$352.90
Provincial Tax
$185.19
CPP Contributions
$223.13
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$67.09
Net Pay
$3,213.37
Marginal Tax Rate
43.59%
Average Tax Rate
13.31%
Comprehensive Deduction Rate
20.49%
Biweekly Salary
Total Income
$1,865.39
Salary
$1,865.39
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$382.30
Federal Tax
$162.88
Provincial Tax
$85.47
CPP Contributions
$102.98
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$30.97
Net Pay
$1,483.10
Marginal Tax Rate
43.59%
Average Tax Rate
13.31%
Comprehensive Deduction Rate
20.49%
Weekly Salary
Total Income
$932.70
Salary
$932.70
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$191.15
Federal Tax
$81.44
Provincial Tax
$42.74
CPP Contributions
$51.49
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$15.48
Net Pay
$741.55
Marginal Tax Rate
43.59%
Average Tax Rate
13.31%
Comprehensive Deduction Rate
20.49%
Daily Salary
Total Income
$186.54
Salary
$186.54
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$38.23
Federal Tax
$16.29
Provincial Tax
$8.55
CPP Contributions
$10.30
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$3.10
Net Pay
$148.31
Marginal Tax Rate
43.59%
Average Tax Rate
13.31%
Comprehensive Deduction Rate
20.49%
Hourly Salary
Total Income
$24.87
Salary
$24.87
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$5.10
Federal Tax
$2.17
Provincial Tax
$1.14
CPP Contributions
$1.37
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.41
Net Pay
$19.77
Marginal Tax Rate
43.59%
Average Tax Rate
13.31%
Comprehensive Deduction Rate
20.49%
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
$48,500.16
Total Deductions
$8,767.42
Net Pay
$39,732.74
Average Tax Rate
10.9%
Comprehensive Deduction Rate
18.08%
Total Income
$48,500.16
Total Deductions
$9,348.42
Net Pay
$39,151.74
Average Tax Rate
12.09%
Comprehensive Deduction Rate
19.28%
Total Income
$48,500.16
Total Deductions
$9,373.13
Net Pay
$39,127.03
Average Tax Rate
12.15%
Comprehensive Deduction Rate
19.33%
Total Income
$48,500.16
Total Deductions
$9,501.68
Net Pay
$38,998.48
Average Tax Rate
12.41%
Comprehensive Deduction Rate
19.59%
Total Income
$48,500.16
Total Deductions
$9,939.67
Net Pay
$38,560.49
Average Tax Rate
13.31%
Comprehensive Deduction Rate
20.49%
Total Income
$48,500.16
Total Deductions
$10,030.65
Net Pay
$38,469.51
Average Tax Rate
13.5%
Comprehensive Deduction Rate
20.68%
Total Income
$48,500.16
Total Deductions
$10,502.68
Net Pay
$37,997.48
Average Tax Rate
14.47%
Comprehensive Deduction Rate
21.65%
Total Income
$48,500.16
Total Deductions
$10,722.90
Net Pay
$37,777.26
Average Tax Rate
14.93%
Comprehensive Deduction Rate
22.11%
Total Income
$48,500.16
Total Deductions
$10,903.80
Net Pay
$37,596.36
Average Tax Rate
15.3%
Comprehensive Deduction Rate
22.48%
Total Income
$48,500.16
Total Deductions
$11,000.75
Net Pay
$37,499.41
Average Tax Rate
15.5%
Comprehensive Deduction Rate
22.68%
Total Income
$48,500.16
Total Deductions
$11,147.10
Net Pay
$37,353.06
Average Tax Rate
15.23%
Comprehensive Deduction Rate
22.98%
Total Income
$48,500.16
Total Deductions
$11,363.66
Net Pay
$37,136.50
Average Tax Rate
16.25%
Comprehensive Deduction Rate
23.43%
Total Income
$48,500.16
Total Deductions
$11,953.80
Net Pay
$36,546.36
Average Tax Rate
17.47%
Comprehensive Deduction Rate
24.65%
| Region | Total Income | Total Deductions | Net Pay | Avg. Tax Rate | Comp. Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $48,500.16 | $8,767.42 | $39,732.74 | 10.9% | 18.08% |
| Northwest Territories | $48,500.16 | $9,348.42 | $39,151.74 | 12.09% | 19.28% |
| British Columbia | $48,500.16 | $9,373.13 | $39,127.03 | 12.15% | 19.33% |
| Yukon | $48,500.16 | $9,501.68 | $38,998.48 | 12.41% | 19.59% |
| Ontario | $48,500.16 | $9,939.67 | $38,560.49 | 13.31% | 20.49% |
| Alberta | $48,500.16 | $10,030.65 | $38,469.51 | 13.5% | 20.68% |
| Saskatchewan | $48,500.16 | $10,502.68 | $37,997.48 | 14.47% | 21.65% |
| New Brunswick | $48,500.16 | $10,722.90 | $37,777.26 | 14.93% | 22.11% |
| Manitoba | $48,500.16 | $10,903.80 | $37,596.36 | 15.3% | 22.48% |
| Newfoundland and Labrador | $48,500.16 | $11,000.75 | $37,499.41 | 15.5% | 22.68% |
| Quebec | $48,500.16 | $11,147.10 | $37,353.06 | 15.23% | 22.98% |
| Prince Edward Island | $48,500.16 | $11,363.66 | $37,136.50 | 16.25% | 23.43% |
| Nova Scotia | $48,500.16 | $11,953.80 | $36,546.36 | 17.47% | 24.65% |
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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