2024 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$55,009.76
Salary
$55,009.76
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$11,819.90
Federal Tax
$5,144.56
Provincial Tax
$2,697.35
CPP Contributions
$3,064.83
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$913.16
Net Pay
$43,189.86
Marginal Tax Rate
22.74%
Average Tax Rate
14.26%
Comprehensive Deduction Rate
21.49%
Monthly Salary
Total Income
$4,584.15
Salary
$4,584.15
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$984.99
Federal Tax
$428.71
Provincial Tax
$224.78
CPP Contributions
$255.40
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$76.10
Net Pay
$3,599.16
Marginal Tax Rate
22.74%
Average Tax Rate
14.26%
Comprehensive Deduction Rate
21.49%
Biweekly Salary
Total Income
$2,115.76
Salary
$2,115.76
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$454.61
Federal Tax
$197.87
Provincial Tax
$103.74
CPP Contributions
$117.88
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$35.12
Net Pay
$1,661.15
Marginal Tax Rate
22.74%
Average Tax Rate
14.26%
Comprehensive Deduction Rate
21.49%
Weekly Salary
Total Income
$1,057.88
Salary
$1,057.88
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$227.31
Federal Tax
$98.93
Provincial Tax
$51.87
CPP Contributions
$58.94
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$17.56
Net Pay
$830.57
Marginal Tax Rate
22.74%
Average Tax Rate
14.26%
Comprehensive Deduction Rate
21.49%
Daily Salary
Total Income
$211.58
Salary
$211.58
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$45.46
Federal Tax
$19.79
Provincial Tax
$10.37
CPP Contributions
$11.79
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$3.51
Net Pay
$166.11
Marginal Tax Rate
22.74%
Average Tax Rate
14.26%
Comprehensive Deduction Rate
21.49%
Hourly Salary
Total Income
$28.21
Salary
$28.21
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$6.06
Federal Tax
$2.64
Provincial Tax
$1.38
CPP Contributions
$1.57
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.47
Net Pay
$22.15
Marginal Tax Rate
22.74%
Average Tax Rate
14.26%
Comprehensive Deduction Rate
21.49%
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
$55,009.76
Total Deductions
$10,465.43
Net Pay
$44,544.33
Average Tax Rate
11.79%
Comprehensive Deduction Rate
19.02%
Total Income
$55,009.76
Total Deductions
$11,227.68
Net Pay
$43,782.08
Average Tax Rate
13.18%
Comprehensive Deduction Rate
20.41%
Total Income
$55,009.76
Total Deductions
$11,254.46
Net Pay
$43,755.30
Average Tax Rate
13.23%
Comprehensive Deduction Rate
20.46%
Total Income
$55,009.76
Total Deductions
$11,291.75
Net Pay
$43,718.01
Average Tax Rate
13.3%
Comprehensive Deduction Rate
20.53%
Total Income
$55,009.76
Total Deductions
$11,819.90
Net Pay
$43,189.86
Average Tax Rate
14.26%
Comprehensive Deduction Rate
21.49%
Total Income
$55,009.76
Total Deductions
$12,037.23
Net Pay
$42,972.53
Average Tax Rate
14.65%
Comprehensive Deduction Rate
21.88%
Total Income
$55,009.76
Total Deductions
$12,598.52
Net Pay
$42,411.24
Average Tax Rate
15.67%
Comprehensive Deduction Rate
22.9%
Total Income
$55,009.76
Total Deductions
$12,925.85
Net Pay
$42,083.91
Average Tax Rate
16.27%
Comprehensive Deduction Rate
23.5%
Total Income
$55,009.76
Total Deductions
$13,085.43
Net Pay
$41,924.33
Average Tax Rate
16.56%
Comprehensive Deduction Rate
23.79%
Total Income
$55,009.76
Total Deductions
$13,306.71
Net Pay
$41,703.05
Average Tax Rate
16.96%
Comprehensive Deduction Rate
24.19%
Total Income
$55,009.76
Total Deductions
$13,444.25
Net Pay
$41,565.51
Average Tax Rate
16.63%
Comprehensive Deduction Rate
24.44%
Total Income
$55,009.76
Total Deductions
$13,607.54
Net Pay
$41,402.22
Average Tax Rate
17.51%
Comprehensive Deduction Rate
24.74%
Total Income
$55,009.76
Total Deductions
$14,322.93
Net Pay
$40,686.83
Average Tax Rate
18.81%
Comprehensive Deduction Rate
26.04%
| Region | Total Income | Total Deductions | Net Pay | Avg. Tax Rate | Comp. Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $55,009.76 | $10,465.43 | $44,544.33 | 11.79% | 19.02% |
| Northwest Territories | $55,009.76 | $11,227.68 | $43,782.08 | 13.18% | 20.41% |
| British Columbia | $55,009.76 | $11,254.46 | $43,755.30 | 13.23% | 20.46% |
| Yukon | $55,009.76 | $11,291.75 | $43,718.01 | 13.3% | 20.53% |
| Ontario | $55,009.76 | $11,819.90 | $43,189.86 | 14.26% | 21.49% |
| Alberta | $55,009.76 | $12,037.23 | $42,972.53 | 14.65% | 21.88% |
| Saskatchewan | $55,009.76 | $12,598.52 | $42,411.24 | 15.67% | 22.9% |
| New Brunswick | $55,009.76 | $12,925.85 | $42,083.91 | 16.27% | 23.5% |
| Manitoba | $55,009.76 | $13,085.43 | $41,924.33 | 16.56% | 23.79% |
| Newfoundland and Labrador | $55,009.76 | $13,306.71 | $41,703.05 | 16.96% | 24.19% |
| Quebec | $55,009.76 | $13,444.25 | $41,565.51 | 16.63% | 24.44% |
| Prince Edward Island | $55,009.76 | $13,607.54 | $41,402.22 | 17.51% | 24.74% |
| Nova Scotia | $55,009.76 | $14,322.93 | $40,686.83 | 18.81% | 26.04% |
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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