2024 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$58,000.00
Salary
$58,000.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$12,846.51
Federal Tax
$5,680.98
Provincial Tax
$2,959.98
CPP Contributions
$3,242.75
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$962.80
Net Pay
$45,153.49
Marginal Tax Rate
28.57%
Average Tax Rate
14.9%
Comprehensive Deduction Rate
22.15%
Monthly Salary
Total Income
$4,833.33
Salary
$4,833.33
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,070.54
Federal Tax
$473.42
Provincial Tax
$246.67
CPP Contributions
$270.23
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$80.23
Net Pay
$3,762.79
Marginal Tax Rate
28.57%
Average Tax Rate
14.9%
Comprehensive Deduction Rate
22.15%
Biweekly Salary
Total Income
$2,230.77
Salary
$2,230.77
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$494.10
Federal Tax
$218.50
Provincial Tax
$113.85
CPP Contributions
$124.72
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$37.03
Net Pay
$1,736.67
Marginal Tax Rate
28.57%
Average Tax Rate
14.9%
Comprehensive Deduction Rate
22.15%
Weekly Salary
Total Income
$1,115.38
Salary
$1,115.38
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$247.05
Federal Tax
$109.25
Provincial Tax
$56.92
CPP Contributions
$62.36
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$18.52
Net Pay
$868.34
Marginal Tax Rate
28.57%
Average Tax Rate
14.9%
Comprehensive Deduction Rate
22.15%
Daily Salary
Total Income
$223.08
Salary
$223.08
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$49.41
Federal Tax
$21.85
Provincial Tax
$11.38
CPP Contributions
$12.47
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$3.70
Net Pay
$173.67
Marginal Tax Rate
28.57%
Average Tax Rate
14.9%
Comprehensive Deduction Rate
22.15%
Hourly Salary
Total Income
$29.74
Salary
$29.74
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$6.59
Federal Tax
$2.91
Provincial Tax
$1.52
CPP Contributions
$1.66
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.49
Net Pay
$23.16
Marginal Tax Rate
28.57%
Average Tax Rate
14.9%
Comprehensive Deduction Rate
22.15%
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% |
Income taxes on annual salaries
Annual Income Tax by Province/Territory
Total Income
$58,000.00
Total Deductions
$11,430.03
Net Pay
$46,569.97
Average Tax Rate
12.46%
Comprehensive Deduction Rate
19.71%
Total Income
$58,000.00
Total Deductions
$12,235.99
Net Pay
$45,764.01
Average Tax Rate
13.85%
Comprehensive Deduction Rate
21.1%
Total Income
$58,000.00
Total Deductions
$12,237.69
Net Pay
$45,762.31
Average Tax Rate
13.85%
Comprehensive Deduction Rate
21.1%
Total Income
$58,000.00
Total Deductions
$12,288.19
Net Pay
$45,711.81
Average Tax Rate
13.94%
Comprehensive Deduction Rate
21.19%
Total Income
$58,000.00
Total Deductions
$12,846.51
Net Pay
$45,153.49
Average Tax Rate
14.9%
Comprehensive Deduction Rate
22.15%
Total Income
$58,000.00
Total Deductions
$13,078.48
Net Pay
$44,921.52
Average Tax Rate
15.3%
Comprehensive Deduction Rate
22.55%
Total Income
$58,000.00
Total Deductions
$13,713.44
Net Pay
$44,286.56
Average Tax Rate
16.39%
Comprehensive Deduction Rate
23.64%
Total Income
$58,000.00
Total Deductions
$14,088.01
Net Pay
$43,911.99
Average Tax Rate
17.04%
Comprehensive Deduction Rate
24.29%
Total Income
$58,000.00
Total Deductions
$14,207.18
Net Pay
$43,792.82
Average Tax Rate
17.24%
Comprehensive Deduction Rate
24.5%
Total Income
$58,000.00
Total Deductions
$14,485.35
Net Pay
$43,514.65
Average Tax Rate
17.72%
Comprehensive Deduction Rate
24.97%
Total Income
$58,000.00
Total Deductions
$14,705.39
Net Pay
$43,294.61
Average Tax Rate
17.53%
Comprehensive Deduction Rate
25.35%
Total Income
$58,000.00
Total Deductions
$14,757.77
Net Pay
$43,242.23
Average Tax Rate
18.19%
Comprehensive Deduction Rate
25.44%
Total Income
$58,000.00
Total Deductions
$15,530.61
Net Pay
$42,469.39
Average Tax Rate
19.53%
Comprehensive Deduction Rate
26.78%
| Region | Total Income | Total Deductions | Net Pay | Average Tax Rate | Comprehensive Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $58,000.00 | $11,430.03 | $46,569.97 | 12.46% | 19.71% |
| Northwest Territories | $58,000.00 | $12,235.99 | $45,764.01 | 13.85% | 21.1% |
| British Columbia | $58,000.00 | $12,237.69 | $45,762.31 | 13.85% | 21.1% |
| Yukon | $58,000.00 | $12,288.19 | $45,711.81 | 13.94% | 21.19% |
| Ontario | $58,000.00 | $12,846.51 | $45,153.49 | 14.9% | 22.15% |
| Alberta | $58,000.00 | $13,078.48 | $44,921.52 | 15.3% | 22.55% |
| Saskatchewan | $58,000.00 | $13,713.44 | $44,286.56 | 16.39% | 23.64% |
| New Brunswick | $58,000.00 | $14,088.01 | $43,911.99 | 17.04% | 24.29% |
| Manitoba | $58,000.00 | $14,207.18 | $43,792.82 | 17.24% | 24.5% |
| Newfoundland and Labrador | $58,000.00 | $14,485.35 | $43,514.65 | 17.72% | 24.97% |
| Quebec | $58,000.00 | $14,705.39 | $43,294.61 | 17.53% | 25.35% |
| Prince Edward Island | $58,000.00 | $14,757.77 | $43,242.23 | 18.19% | 25.44% |
| Nova Scotia | $58,000.00 | $15,530.61 | $42,469.39 | 19.53% | 26.78% |
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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