2024 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$63,433.80
Salary
$63,433.80
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$14,820.79
Federal Tax
$6,761.42
Provincial Tax
$3,444.19
CPP Contributions
$3,566.06
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$1,049.12
Net Pay
$48,613.01
Marginal Tax Rate
29.65%
Average Tax Rate
16.09%
Comprehensive Deduction Rate
23.36%
Monthly Salary
Total Income
$5,286.15
Salary
$5,286.15
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,235.07
Federal Tax
$563.45
Provincial Tax
$287.02
CPP Contributions
$297.17
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$87.43
Net Pay
$4,051.08
Marginal Tax Rate
29.65%
Average Tax Rate
16.09%
Comprehensive Deduction Rate
23.36%
Biweekly Salary
Total Income
$2,439.76
Salary
$2,439.76
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$570.03
Federal Tax
$260.05
Provincial Tax
$132.47
CPP Contributions
$137.16
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$40.35
Net Pay
$1,869.73
Marginal Tax Rate
29.65%
Average Tax Rate
16.09%
Comprehensive Deduction Rate
23.36%
Weekly Salary
Total Income
$1,219.88
Salary
$1,219.88
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$285.02
Federal Tax
$130.03
Provincial Tax
$66.23
CPP Contributions
$68.58
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$20.18
Net Pay
$934.87
Marginal Tax Rate
29.65%
Average Tax Rate
16.09%
Comprehensive Deduction Rate
23.36%
Daily Salary
Total Income
$243.98
Salary
$243.98
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$57.00
Federal Tax
$26.01
Provincial Tax
$13.25
CPP Contributions
$13.72
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$4.04
Net Pay
$186.97
Marginal Tax Rate
29.65%
Average Tax Rate
16.09%
Comprehensive Deduction Rate
23.36%
Hourly Salary
Total Income
$32.53
Salary
$32.53
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$7.60
Federal Tax
$3.47
Provincial Tax
$1.77
CPP Contributions
$1.83
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.54
Net Pay
$24.93
Marginal Tax Rate
29.65%
Average Tax Rate
16.09%
Comprehensive Deduction Rate
23.36%
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
$63,433.80
Total Deductions
$13,290.19
Net Pay
$50,143.61
Average Tax Rate
13.68%
Comprehensive Deduction Rate
20.95%
Total Income
$63,433.80
Total Deductions
$14,133.15
Net Pay
$49,300.65
Average Tax Rate
15%
Comprehensive Deduction Rate
22.28%
Total Income
$63,433.80
Total Deductions
$14,178.20
Net Pay
$49,255.60
Average Tax Rate
15.08%
Comprehensive Deduction Rate
22.35%
Total Income
$63,433.80
Total Deductions
$14,250.85
Net Pay
$49,182.95
Average Tax Rate
15.19%
Comprehensive Deduction Rate
22.47%
Total Income
$63,433.80
Total Deductions
$14,820.79
Net Pay
$48,613.01
Average Tax Rate
16.09%
Comprehensive Deduction Rate
23.36%
Total Income
$63,433.80
Total Deductions
$15,086.23
Net Pay
$48,347.57
Average Tax Rate
16.51%
Comprehensive Deduction Rate
23.78%
Total Income
$63,433.80
Total Deductions
$15,855.75
Net Pay
$47,578.05
Average Tax Rate
17.72%
Comprehensive Deduction Rate
25%
Total Income
$63,433.80
Total Deductions
$16,314.65
Net Pay
$47,119.15
Average Tax Rate
18.44%
Comprehensive Deduction Rate
25.72%
Total Income
$63,433.80
Total Deductions
$16,362.30
Net Pay
$47,071.50
Average Tax Rate
18.52%
Comprehensive Deduction Rate
25.79%
Total Income
$63,433.80
Total Deductions
$16,740.96
Net Pay
$46,692.84
Average Tax Rate
19.12%
Comprehensive Deduction Rate
26.39%
Total Income
$63,433.80
Total Deductions
$16,963.28
Net Pay
$46,470.52
Average Tax Rate
19.47%
Comprehensive Deduction Rate
26.74%
Total Income
$63,433.80
Total Deductions
$17,104.36
Net Pay
$46,329.44
Average Tax Rate
19.11%
Comprehensive Deduction Rate
26.96%
Total Income
$63,433.80
Total Deductions
$17,912.15
Net Pay
$45,521.65
Average Tax Rate
20.96%
Comprehensive Deduction Rate
28.24%
Region | Total Income | Total Deductions | Net Pay | Avg. Tax Rate | Comp. Deduction Rate |
---|---|---|---|---|---|
Nunavut | $63,433.80 | $13,290.19 | $50,143.61 | 13.68% | 20.95% |
British Columbia | $63,433.80 | $14,133.15 | $49,300.65 | 15% | 22.28% |
Northwest Territories | $63,433.80 | $14,178.20 | $49,255.60 | 15.08% | 22.35% |
Yukon | $63,433.80 | $14,250.85 | $49,182.95 | 15.19% | 22.47% |
Ontario | $63,433.80 | $14,820.79 | $48,613.01 | 16.09% | 23.36% |
Alberta | $63,433.80 | $15,086.23 | $48,347.57 | 16.51% | 23.78% |
Saskatchewan | $63,433.80 | $15,855.75 | $47,578.05 | 17.72% | 25% |
New Brunswick | $63,433.80 | $16,314.65 | $47,119.15 | 18.44% | 25.72% |
Manitoba | $63,433.80 | $16,362.30 | $47,071.50 | 18.52% | 25.79% |
Newfoundland and Labrador | $63,433.80 | $16,740.96 | $46,692.84 | 19.12% | 26.39% |
Prince Edward Island | $63,433.80 | $16,963.28 | $46,470.52 | 19.47% | 26.74% |
Quebec | $63,433.80 | $17,104.36 | $46,329.44 | 19.11% | 26.96% |
Nova Scotia | $63,433.80 | $17,912.15 | $45,521.65 | 20.96% | 28.24% |
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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