2024 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$53,349.40
Salary
$53,349.40
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$11,315.95
Federal Tax
$4,912.50
Provincial Tax
$2,551.81
CPP Contributions
$2,966.04
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$885.60
Net Pay
$42,033.45
Marginal Tax Rate
22.75%
Average Tax Rate
13.99%
Comprehensive Deduction Rate
21.21%
Monthly Salary
Total Income
$4,445.78
Salary
$4,445.78
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$943.00
Federal Tax
$409.38
Provincial Tax
$212.65
CPP Contributions
$247.17
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$73.80
Net Pay
$3,502.79
Marginal Tax Rate
22.75%
Average Tax Rate
13.99%
Comprehensive Deduction Rate
21.21%
Biweekly Salary
Total Income
$2,051.90
Salary
$2,051.90
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$435.23
Federal Tax
$188.94
Provincial Tax
$98.15
CPP Contributions
$114.08
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$34.06
Net Pay
$1,616.67
Marginal Tax Rate
22.75%
Average Tax Rate
13.99%
Comprehensive Deduction Rate
21.21%
Weekly Salary
Total Income
$1,025.95
Salary
$1,025.95
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$217.61
Federal Tax
$94.47
Provincial Tax
$49.07
CPP Contributions
$57.04
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$17.03
Net Pay
$808.34
Marginal Tax Rate
22.75%
Average Tax Rate
13.99%
Comprehensive Deduction Rate
21.21%
Daily Salary
Total Income
$205.19
Salary
$205.19
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$43.52
Federal Tax
$18.89
Provincial Tax
$9.81
CPP Contributions
$11.41
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$3.41
Net Pay
$161.67
Marginal Tax Rate
22.75%
Average Tax Rate
13.99%
Comprehensive Deduction Rate
21.21%
Hourly Salary
Total Income
$27.36
Salary
$27.36
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$5.80
Federal Tax
$2.52
Provincial Tax
$1.31
CPP Contributions
$1.52
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.45
Net Pay
$21.56
Marginal Tax Rate
22.75%
Average Tax Rate
13.99%
Comprehensive Deduction Rate
21.21%
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
$53,349.40
Total Deductions
$9,995.85
Net Pay
$43,353.55
Average Tax Rate
11.52%
Comprehensive Deduction Rate
18.74%
Total Income
$53,349.40
Total Deductions
$10,733.93
Net Pay
$42,615.47
Average Tax Rate
12.9%
Comprehensive Deduction Rate
20.12%
Total Income
$53,349.40
Total Deductions
$10,774.60
Net Pay
$42,574.80
Average Tax Rate
12.98%
Comprehensive Deduction Rate
20.2%
Total Income
$53,349.40
Total Deductions
$10,835.17
Net Pay
$42,514.23
Average Tax Rate
13.09%
Comprehensive Deduction Rate
20.31%
Total Income
$53,349.40
Total Deductions
$11,315.95
Net Pay
$42,033.45
Average Tax Rate
13.99%
Comprehensive Deduction Rate
21.21%
Total Income
$53,349.40
Total Deductions
$11,525.42
Net Pay
$41,823.98
Average Tax Rate
14.38%
Comprehensive Deduction Rate
21.6%
Total Income
$53,349.40
Total Deductions
$12,045.84
Net Pay
$41,303.56
Average Tax Rate
15.36%
Comprehensive Deduction Rate
22.58%
Total Income
$53,349.40
Total Deductions
$12,346.87
Net Pay
$41,002.53
Average Tax Rate
15.92%
Comprehensive Deduction Rate
23.14%
Total Income
$53,349.40
Total Deductions
$12,528.97
Net Pay
$40,820.43
Average Tax Rate
16.27%
Comprehensive Deduction Rate
23.48%
Total Income
$53,349.40
Total Deductions
$12,718.54
Net Pay
$40,630.86
Average Tax Rate
16.62%
Comprehensive Deduction Rate
23.84%
Total Income
$53,349.40
Total Deductions
$12,800.76
Net Pay
$40,548.64
Average Tax Rate
16.2%
Comprehensive Deduction Rate
23.99%
Total Income
$53,349.40
Total Deductions
$13,035.20
Net Pay
$40,314.20
Average Tax Rate
17.21%
Comprehensive Deduction Rate
24.43%
Total Income
$53,349.40
Total Deductions
$13,718.65
Net Pay
$39,630.75
Average Tax Rate
18.5%
Comprehensive Deduction Rate
25.71%
| Region | Total Income | Total Deductions | Net Pay | Avg. Tax Rate | Comp. Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $53,349.40 | $9,995.85 | $43,353.55 | 11.52% | 18.74% |
| Northwest Territories | $53,349.40 | $10,733.93 | $42,615.47 | 12.9% | 20.12% |
| British Columbia | $53,349.40 | $10,774.60 | $42,574.80 | 12.98% | 20.2% |
| Yukon | $53,349.40 | $10,835.17 | $42,514.23 | 13.09% | 20.31% |
| Ontario | $53,349.40 | $11,315.95 | $42,033.45 | 13.99% | 21.21% |
| Alberta | $53,349.40 | $11,525.42 | $41,823.98 | 14.38% | 21.6% |
| Saskatchewan | $53,349.40 | $12,045.84 | $41,303.56 | 15.36% | 22.58% |
| New Brunswick | $53,349.40 | $12,346.87 | $41,002.53 | 15.92% | 23.14% |
| Manitoba | $53,349.40 | $12,528.97 | $40,820.43 | 16.27% | 23.48% |
| Newfoundland and Labrador | $53,349.40 | $12,718.54 | $40,630.86 | 16.62% | 23.84% |
| Quebec | $53,349.40 | $12,800.76 | $40,548.64 | 16.2% | 23.99% |
| Prince Edward Island | $53,349.40 | $13,035.20 | $40,314.20 | 17.21% | 24.43% |
| Nova Scotia | $53,349.40 | $13,718.65 | $39,630.75 | 18.5% | 25.71% |
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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