2024 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$49,200.32
Salary
$49,200.32
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$10,148.44
Federal Tax
$4,332.63
Provincial Tax
$2,279.91
CPP Contributions
$2,719.17
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$816.73
Net Pay
$39,051.88
Marginal Tax Rate
18.64%
Average Tax Rate
13.44%
Comprehensive Deduction Rate
20.63%
Monthly Salary
Total Income
$4,100.03
Salary
$4,100.03
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$845.70
Federal Tax
$361.05
Provincial Tax
$189.99
CPP Contributions
$226.60
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$68.06
Net Pay
$3,254.32
Marginal Tax Rate
18.64%
Average Tax Rate
13.44%
Comprehensive Deduction Rate
20.63%
Biweekly Salary
Total Income
$1,892.32
Salary
$1,892.32
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$390.32
Federal Tax
$166.64
Provincial Tax
$87.69
CPP Contributions
$104.58
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$31.41
Net Pay
$1,502.00
Marginal Tax Rate
18.64%
Average Tax Rate
13.44%
Comprehensive Deduction Rate
20.63%
Weekly Salary
Total Income
$946.16
Salary
$946.16
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$195.16
Federal Tax
$83.32
Provincial Tax
$43.84
CPP Contributions
$52.29
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$15.71
Net Pay
$751.00
Marginal Tax Rate
18.64%
Average Tax Rate
13.44%
Comprehensive Deduction Rate
20.63%
Daily Salary
Total Income
$189.23
Salary
$189.23
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$39.03
Federal Tax
$16.66
Provincial Tax
$8.77
CPP Contributions
$10.46
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$3.14
Net Pay
$150.20
Marginal Tax Rate
18.64%
Average Tax Rate
13.44%
Comprehensive Deduction Rate
20.63%
Hourly Salary
Total Income
$25.23
Salary
$25.23
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$5.20
Federal Tax
$2.22
Provincial Tax
$1.17
CPP Contributions
$1.39
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.42
Net Pay
$20.03
Marginal Tax Rate
18.64%
Average Tax Rate
13.44%
Comprehensive Deduction Rate
20.63%
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
$49,200.32
Total Deductions
$8,944.42
Net Pay
$40,255.90
Average Tax Rate
10.99%
Comprehensive Deduction Rate
18.18%
Total Income
$49,200.32
Total Deductions
$9,537.72
Net Pay
$39,662.60
Average Tax Rate
12.2%
Comprehensive Deduction Rate
19.39%
Total Income
$49,200.32
Total Deductions
$9,575.48
Net Pay
$39,624.84
Average Tax Rate
12.28%
Comprehensive Deduction Rate
19.46%
Total Income
$49,200.32
Total Deductions
$9,694.22
Net Pay
$39,506.10
Average Tax Rate
12.52%
Comprehensive Deduction Rate
19.7%
Total Income
$49,200.32
Total Deductions
$10,148.44
Net Pay
$39,051.88
Average Tax Rate
13.44%
Comprehensive Deduction Rate
20.63%
Total Income
$49,200.32
Total Deductions
$10,246.47
Net Pay
$38,953.85
Average Tax Rate
13.64%
Comprehensive Deduction Rate
20.83%
Total Income
$49,200.32
Total Deductions
$10,721.73
Net Pay
$38,478.59
Average Tax Rate
14.61%
Comprehensive Deduction Rate
21.79%
Total Income
$49,200.32
Total Deductions
$10,934.85
Net Pay
$38,265.47
Average Tax Rate
15.04%
Comprehensive Deduction Rate
22.23%
Total Income
$49,200.32
Total Deductions
$11,138.45
Net Pay
$38,061.87
Average Tax Rate
15.45%
Comprehensive Deduction Rate
22.64%
Total Income
$49,200.32
Total Deductions
$11,248.79
Net Pay
$37,951.53
Average Tax Rate
15.68%
Comprehensive Deduction Rate
22.86%
Total Income
$49,200.32
Total Deductions
$11,383.44
Net Pay
$37,816.88
Average Tax Rate
15.38%
Comprehensive Deduction Rate
23.14%
Total Income
$49,200.32
Total Deductions
$11,605.01
Net Pay
$37,595.31
Average Tax Rate
16.4%
Comprehensive Deduction Rate
23.59%
Total Income
$49,200.32
Total Deductions
$12,208.62
Net Pay
$36,991.70
Average Tax Rate
17.63%
Comprehensive Deduction Rate
24.81%
| Region | Total Income | Total Deductions | Net Pay | Avg. Tax Rate | Comp. Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $49,200.32 | $8,944.42 | $40,255.90 | 10.99% | 18.18% |
| Northwest Territories | $49,200.32 | $9,537.72 | $39,662.60 | 12.2% | 19.39% |
| British Columbia | $49,200.32 | $9,575.48 | $39,624.84 | 12.28% | 19.46% |
| Yukon | $49,200.32 | $9,694.22 | $39,506.10 | 12.52% | 19.7% |
| Ontario | $49,200.32 | $10,148.44 | $39,051.88 | 13.44% | 20.63% |
| Alberta | $49,200.32 | $10,246.47 | $38,953.85 | 13.64% | 20.83% |
| Saskatchewan | $49,200.32 | $10,721.73 | $38,478.59 | 14.61% | 21.79% |
| New Brunswick | $49,200.32 | $10,934.85 | $38,265.47 | 15.04% | 22.23% |
| Manitoba | $49,200.32 | $11,138.45 | $38,061.87 | 15.45% | 22.64% |
| Newfoundland and Labrador | $49,200.32 | $11,248.79 | $37,951.53 | 15.68% | 22.86% |
| Quebec | $49,200.32 | $11,383.44 | $37,816.88 | 15.38% | 23.14% |
| Prince Edward Island | $49,200.32 | $11,605.01 | $37,595.31 | 16.4% | 23.59% |
| Nova Scotia | $49,200.32 | $12,208.62 | $36,991.70 | 17.63% | 24.81% |
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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