2024 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$49,433.80
Salary
$49,433.80
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$10,209.72
Federal Tax
$4,365.26
Provincial Tax
$2,290.80
CPP Contributions
$2,733.06
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$820.60
Net Pay
$39,224.08
Marginal Tax Rate
18.65%
Average Tax Rate
13.46%
Comprehensive Deduction Rate
20.65%
Monthly Salary
Total Income
$4,119.48
Salary
$4,119.48
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$850.81
Federal Tax
$363.77
Provincial Tax
$190.90
CPP Contributions
$227.76
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$68.38
Net Pay
$3,268.67
Marginal Tax Rate
18.65%
Average Tax Rate
13.46%
Comprehensive Deduction Rate
20.65%
Biweekly Salary
Total Income
$1,901.30
Salary
$1,901.30
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$392.68
Federal Tax
$167.89
Provincial Tax
$88.11
CPP Contributions
$105.12
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$31.56
Net Pay
$1,508.62
Marginal Tax Rate
18.65%
Average Tax Rate
13.46%
Comprehensive Deduction Rate
20.65%
Weekly Salary
Total Income
$950.65
Salary
$950.65
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$196.34
Federal Tax
$83.95
Provincial Tax
$44.05
CPP Contributions
$52.56
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$15.78
Net Pay
$754.31
Marginal Tax Rate
18.65%
Average Tax Rate
13.46%
Comprehensive Deduction Rate
20.65%
Daily Salary
Total Income
$190.13
Salary
$190.13
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$39.27
Federal Tax
$16.79
Provincial Tax
$8.81
CPP Contributions
$10.51
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$3.16
Net Pay
$150.86
Marginal Tax Rate
18.65%
Average Tax Rate
13.46%
Comprehensive Deduction Rate
20.65%
Hourly Salary
Total Income
$25.35
Salary
$25.35
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$5.24
Federal Tax
$2.24
Provincial Tax
$1.17
CPP Contributions
$1.40
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.42
Net Pay
$20.11
Marginal Tax Rate
18.65%
Average Tax Rate
13.46%
Comprehensive Deduction Rate
20.65%
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
$49,433.80
Total Deductions
$9,003.44
Net Pay
$40,430.36
Average Tax Rate
11.02%
Comprehensive Deduction Rate
18.21%
Total Income
$49,433.80
Total Deductions
$9,600.83
Net Pay
$39,832.97
Average Tax Rate
12.23%
Comprehensive Deduction Rate
19.42%
Total Income
$49,433.80
Total Deductions
$9,642.95
Net Pay
$39,790.85
Average Tax Rate
12.32%
Comprehensive Deduction Rate
19.51%
Total Income
$49,433.80
Total Deductions
$9,758.42
Net Pay
$39,675.38
Average Tax Rate
12.55%
Comprehensive Deduction Rate
19.74%
Total Income
$49,433.80
Total Deductions
$10,209.72
Net Pay
$39,224.08
Average Tax Rate
13.46%
Comprehensive Deduction Rate
20.65%
Total Income
$49,433.80
Total Deductions
$10,318.43
Net Pay
$39,115.37
Average Tax Rate
13.68%
Comprehensive Deduction Rate
20.87%
Total Income
$49,433.80
Total Deductions
$10,794.78
Net Pay
$38,639.02
Average Tax Rate
14.65%
Comprehensive Deduction Rate
21.84%
Total Income
$49,433.80
Total Deductions
$11,005.52
Net Pay
$38,428.28
Average Tax Rate
15.07%
Comprehensive Deduction Rate
22.26%
Total Income
$49,433.80
Total Deductions
$11,216.69
Net Pay
$38,217.11
Average Tax Rate
15.5%
Comprehensive Deduction Rate
22.69%
Total Income
$49,433.80
Total Deductions
$11,331.48
Net Pay
$38,102.32
Average Tax Rate
15.73%
Comprehensive Deduction Rate
22.92%
Total Income
$49,433.80
Total Deductions
$11,462.26
Net Pay
$37,971.54
Average Tax Rate
15.43%
Comprehensive Deduction Rate
23.19%
Total Income
$49,433.80
Total Deductions
$11,685.49
Net Pay
$37,748.31
Average Tax Rate
16.45%
Comprehensive Deduction Rate
23.64%
Total Income
$49,433.80
Total Deductions
$12,293.58
Net Pay
$37,140.22
Average Tax Rate
17.68%
Comprehensive Deduction Rate
24.87%
| Region | Total Income | Total Deductions | Net Pay | Avg. Tax Rate | Comp. Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $49,433.80 | $9,003.44 | $40,430.36 | 11.02% | 18.21% |
| Northwest Territories | $49,433.80 | $9,600.83 | $39,832.97 | 12.23% | 19.42% |
| British Columbia | $49,433.80 | $9,642.95 | $39,790.85 | 12.32% | 19.51% |
| Yukon | $49,433.80 | $9,758.42 | $39,675.38 | 12.55% | 19.74% |
| Ontario | $49,433.80 | $10,209.72 | $39,224.08 | 13.46% | 20.65% |
| Alberta | $49,433.80 | $10,318.43 | $39,115.37 | 13.68% | 20.87% |
| Saskatchewan | $49,433.80 | $10,794.78 | $38,639.02 | 14.65% | 21.84% |
| New Brunswick | $49,433.80 | $11,005.52 | $38,428.28 | 15.07% | 22.26% |
| Manitoba | $49,433.80 | $11,216.69 | $38,217.11 | 15.5% | 22.69% |
| Newfoundland and Labrador | $49,433.80 | $11,331.48 | $38,102.32 | 15.73% | 22.92% |
| Quebec | $49,433.80 | $11,462.26 | $37,971.54 | 15.43% | 23.19% |
| Prince Edward Island | $49,433.80 | $11,685.49 | $37,748.31 | 16.45% | 23.64% |
| Nova Scotia | $49,433.80 | $12,293.58 | $37,140.22 | 17.68% | 24.87% |
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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