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2024 Ontario Income Tax Calculator

Calculate your take-home pay after tax.

Your Results

Yearly Salary
Total Income $55,672.76
Salary $55,672.76
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $12,021.14
Federal Tax $5,237.22
Provincial Tax $2,755.47
CPP Contributions $3,104.28
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $924.17
Net Pay $43,651.62
Marginal Tax Rate 22.74%
Average Tax Rate 14.36%
Comprehensive Deduction Rate 21.59%
$55,672.76 a year is how much per hour?
What is the minimum wage in Ontario in 2025?
Monthly Salary
Total Income $4,639.40
Salary $4,639.40
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $1,001.76
Federal Tax $436.44
Provincial Tax $229.62
CPP Contributions $258.69
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $77.01
Net Pay $3,637.64
Marginal Tax Rate 22.74%
Average Tax Rate 14.36%
Comprehensive Deduction Rate 21.59%
$4,639.40 a month is how much per year?
What is the minimum wage in Ontario in 2025?
Biweekly Salary
Total Income $2,141.26
Salary $2,141.26
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $462.35
Federal Tax $201.43
Provincial Tax $105.98
CPP Contributions $119.40
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $35.55
Net Pay $1,678.91
Marginal Tax Rate 22.74%
Average Tax Rate 14.36%
Comprehensive Deduction Rate 21.59%
$2,141.26 per two weeks is how much per year?
What is the minimum wage in Ontario in 2025?
Weekly Salary
Total Income $1,070.63
Salary $1,070.63
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $231.18
Federal Tax $100.72
Provincial Tax $52.99
CPP Contributions $59.70
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $17.77
Net Pay $839.45
Marginal Tax Rate 22.74%
Average Tax Rate 14.36%
Comprehensive Deduction Rate 21.59%
$1,070.63 a week is how much per year?
What is the minimum wage in Ontario in 2025?
Daily Salary
Total Income $214.13
Salary $214.13
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $46.24
Federal Tax $20.14
Provincial Tax $10.60
CPP Contributions $11.94
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $3.55
Net Pay $167.89
Marginal Tax Rate 22.74%
Average Tax Rate 14.36%
Comprehensive Deduction Rate 21.59%
$214.13 a day is how much per year?
What is the minimum wage in Ontario in 2025?
Hourly Salary
Total Income $28.55
Salary $28.55
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $6.16
Federal Tax $2.69
Provincial Tax $1.41
CPP Contributions $1.59
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $0.47
Net Pay $22.39
Marginal Tax Rate 22.74%
Average Tax Rate 14.36%
Comprehensive Deduction Rate 21.59%
$28.55 an hour is how much per year?
What is the minimum wage in Ontario in 2025?

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 $55,672.76
Total Deductions $10,652.94
Net Pay $45,019.82
Average Tax Rate 11.9%
Comprehensive Deduction Rate 19.13%
Total Income $55,672.76
Total Deductions $11,424.84
Net Pay $44,247.92
Average Tax Rate 13.29%
Comprehensive Deduction Rate 20.52%
Total Income $55,672.76
Total Deductions $11,446.08
Net Pay $44,226.68
Average Tax Rate 13.32%
Comprehensive Deduction Rate 20.56%
Total Income $55,672.76
Total Deductions $11,474.08
Net Pay $44,198.68
Average Tax Rate 13.37%
Comprehensive Deduction Rate 20.61%
Total Income $55,672.76
Total Deductions $12,021.14
Net Pay $43,651.62
Average Tax Rate 14.36%
Comprehensive Deduction Rate 21.59%
Total Income $55,672.76
Total Deductions $12,241.60
Net Pay $43,431.16
Average Tax Rate 14.75%
Comprehensive Deduction Rate 21.99%
Total Income $55,672.76
Total Deductions $12,819.22
Net Pay $42,853.54
Average Tax Rate 15.79%
Comprehensive Deduction Rate 23.03%
Total Income $55,672.76
Total Deductions $13,157.05
Net Pay $42,515.71
Average Tax Rate 16.4%
Comprehensive Deduction Rate 23.63%
Total Income $55,672.76
Total Deductions $13,307.64
Net Pay $42,365.12
Average Tax Rate 16.67%
Comprehensive Deduction Rate 23.9%
Total Income $55,672.76
Total Deductions $13,541.57
Net Pay $42,131.19
Average Tax Rate 17.09%
Comprehensive Deduction Rate 24.32%
Total Income $55,672.76
Total Deductions $13,701.21
Net Pay $41,971.55
Average Tax Rate 16.8%
Comprehensive Deduction Rate 24.61%
Total Income $55,672.76
Total Deductions $13,836.08
Net Pay $41,836.68
Average Tax Rate 17.62%
Comprehensive Deduction Rate 24.85%
Total Income $55,672.76
Total Deductions $14,564.24
Net Pay $41,108.52
Average Tax Rate 18.92%
Comprehensive Deduction Rate 26.16%
Region Total Income Total Deductions Net Pay Avg. Tax Rate Comp. Deduction Rate
Nunavut $55,672.76 $10,652.94 $45,019.82 11.9% 19.13%
Northwest Territories $55,672.76 $11,424.84 $44,247.92 13.29% 20.52%
British Columbia $55,672.76 $11,446.08 $44,226.68 13.32% 20.56%
Yukon $55,672.76 $11,474.08 $44,198.68 13.37% 20.61%
Ontario $55,672.76 $12,021.14 $43,651.62 14.36% 21.59%
Alberta $55,672.76 $12,241.60 $43,431.16 14.75% 21.99%
Saskatchewan $55,672.76 $12,819.22 $42,853.54 15.79% 23.03%
New Brunswick $55,672.76 $13,157.05 $42,515.71 16.4% 23.63%
Manitoba $55,672.76 $13,307.64 $42,365.12 16.67% 23.9%
Newfoundland and Labrador $55,672.76 $13,541.57 $42,131.19 17.09% 24.32%
Quebec $55,672.76 $13,701.21 $41,971.55 16.8% 24.61%
Prince Edward Island $55,672.76 $13,836.08 $41,836.68 17.62% 24.85%
Nova Scotia $55,672.76 $14,564.24 $41,108.52 18.92% 26.16%
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.