2024 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$58,208.80
Salary
$58,208.80
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$12,922.06
Federal Tax
$5,722.16
Provincial Tax
$2,978.46
CPP Contributions
$3,255.17
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$966.27
Net Pay
$45,286.74
Marginal Tax Rate
28.58%
Average Tax Rate
14.95%
Comprehensive Deduction Rate
22.2%
Monthly Salary
Total Income
$4,850.73
Salary
$4,850.73
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,076.84
Federal Tax
$476.85
Provincial Tax
$248.21
CPP Contributions
$271.26
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$80.52
Net Pay
$3,773.90
Marginal Tax Rate
28.58%
Average Tax Rate
14.95%
Comprehensive Deduction Rate
22.2%
Biweekly Salary
Total Income
$2,238.80
Salary
$2,238.80
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$497.00
Federal Tax
$220.08
Provincial Tax
$114.56
CPP Contributions
$125.20
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$37.16
Net Pay
$1,741.80
Marginal Tax Rate
28.58%
Average Tax Rate
14.95%
Comprehensive Deduction Rate
22.2%
Weekly Salary
Total Income
$1,119.40
Salary
$1,119.40
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$248.50
Federal Tax
$110.04
Provincial Tax
$57.28
CPP Contributions
$62.60
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$18.58
Net Pay
$870.90
Marginal Tax Rate
28.58%
Average Tax Rate
14.95%
Comprehensive Deduction Rate
22.2%
Daily Salary
Total Income
$223.88
Salary
$223.88
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$49.70
Federal Tax
$22.01
Provincial Tax
$11.46
CPP Contributions
$12.52
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$3.72
Net Pay
$174.18
Marginal Tax Rate
28.58%
Average Tax Rate
14.95%
Comprehensive Deduction Rate
22.2%
Hourly Salary
Total Income
$29.85
Salary
$29.85
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$6.63
Federal Tax
$2.93
Provincial Tax
$1.53
CPP Contributions
$1.67
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.50
Net Pay
$23.22
Marginal Tax Rate
28.58%
Average Tax Rate
14.95%
Comprehensive Deduction Rate
22.2%
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
$58,208.80
Total Deductions
$11,501.22
Net Pay
$46,707.58
Average Tax Rate
12.51%
Comprehensive Deduction Rate
19.76%
Total Income
$58,208.80
Total Deductions
$12,310.21
Net Pay
$45,898.59
Average Tax Rate
13.9%
Comprehensive Deduction Rate
21.15%
Total Income
$58,208.80
Total Deductions
$12,310.28
Net Pay
$45,898.52
Average Tax Rate
13.9%
Comprehensive Deduction Rate
21.15%
Total Income
$58,208.80
Total Deductions
$12,363.25
Net Pay
$45,845.55
Average Tax Rate
13.99%
Comprehensive Deduction Rate
21.24%
Total Income
$58,208.80
Total Deductions
$12,922.06
Net Pay
$45,286.74
Average Tax Rate
14.95%
Comprehensive Deduction Rate
22.2%
Total Income
$58,208.80
Total Deductions
$13,155.19
Net Pay
$45,053.61
Average Tax Rate
15.35%
Comprehensive Deduction Rate
22.6%
Total Income
$58,208.80
Total Deductions
$13,795.31
Net Pay
$44,413.49
Average Tax Rate
16.45%
Comprehensive Deduction Rate
23.7%
Total Income
$58,208.80
Total Deductions
$14,173.15
Net Pay
$44,035.65
Average Tax Rate
17.1%
Comprehensive Deduction Rate
24.35%
Total Income
$58,208.80
Total Deductions
$14,289.53
Net Pay
$43,919.27
Average Tax Rate
17.3%
Comprehensive Deduction Rate
24.55%
Total Income
$58,208.80
Total Deductions
$14,571.62
Net Pay
$43,637.18
Average Tax Rate
17.78%
Comprehensive Deduction Rate
25.03%
Total Income
$58,208.80
Total Deductions
$14,797.51
Net Pay
$43,411.29
Average Tax Rate
17.59%
Comprehensive Deduction Rate
25.42%
Total Income
$58,208.80
Total Deductions
$14,842.08
Net Pay
$43,366.72
Average Tax Rate
18.25%
Comprehensive Deduction Rate
25.5%
Total Income
$58,208.80
Total Deductions
$15,618.90
Net Pay
$42,589.90
Average Tax Rate
19.58%
Comprehensive Deduction Rate
26.83%
| Region | Total Income | Total Deductions | Net Pay | Avg. Tax Rate | Comp. Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $58,208.80 | $11,501.22 | $46,707.58 | 12.51% | 19.76% |
| British Columbia | $58,208.80 | $12,310.21 | $45,898.59 | 13.9% | 21.15% |
| Northwest Territories | $58,208.80 | $12,310.28 | $45,898.52 | 13.9% | 21.15% |
| Yukon | $58,208.80 | $12,363.25 | $45,845.55 | 13.99% | 21.24% |
| Ontario | $58,208.80 | $12,922.06 | $45,286.74 | 14.95% | 22.2% |
| Alberta | $58,208.80 | $13,155.19 | $45,053.61 | 15.35% | 22.6% |
| Saskatchewan | $58,208.80 | $13,795.31 | $44,413.49 | 16.45% | 23.7% |
| New Brunswick | $58,208.80 | $14,173.15 | $44,035.65 | 17.1% | 24.35% |
| Manitoba | $58,208.80 | $14,289.53 | $43,919.27 | 17.3% | 24.55% |
| Newfoundland and Labrador | $58,208.80 | $14,571.62 | $43,637.18 | 17.78% | 25.03% |
| Quebec | $58,208.80 | $14,797.51 | $43,411.29 | 17.59% | 25.42% |
| Prince Edward Island | $58,208.80 | $14,842.08 | $43,366.72 | 18.25% | 25.5% |
| Nova Scotia | $58,208.80 | $15,618.90 | $42,589.90 | 19.58% | 26.83% |
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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