2024 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$58,246.76
Salary
$58,246.76
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$12,935.80
Federal Tax
$5,729.65
Provincial Tax
$2,981.82
CPP Contributions
$3,257.43
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$966.90
Net Pay
$45,310.96
Marginal Tax Rate
28.58%
Average Tax Rate
14.96%
Comprehensive Deduction Rate
22.21%
Monthly Salary
Total Income
$4,853.90
Salary
$4,853.90
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,077.98
Federal Tax
$477.47
Provincial Tax
$248.49
CPP Contributions
$271.45
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$80.58
Net Pay
$3,775.91
Marginal Tax Rate
28.58%
Average Tax Rate
14.96%
Comprehensive Deduction Rate
22.21%
Biweekly Salary
Total Income
$2,240.26
Salary
$2,240.26
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$497.53
Federal Tax
$220.37
Provincial Tax
$114.69
CPP Contributions
$125.29
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$37.19
Net Pay
$1,742.73
Marginal Tax Rate
28.58%
Average Tax Rate
14.96%
Comprehensive Deduction Rate
22.21%
Weekly Salary
Total Income
$1,120.13
Salary
$1,120.13
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$248.77
Federal Tax
$110.19
Provincial Tax
$57.34
CPP Contributions
$62.64
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$18.59
Net Pay
$871.36
Marginal Tax Rate
28.58%
Average Tax Rate
14.96%
Comprehensive Deduction Rate
22.21%
Daily Salary
Total Income
$224.03
Salary
$224.03
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$49.75
Federal Tax
$22.04
Provincial Tax
$11.47
CPP Contributions
$12.53
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$3.72
Net Pay
$174.27
Marginal Tax Rate
28.58%
Average Tax Rate
14.96%
Comprehensive Deduction Rate
22.21%
Hourly Salary
Total Income
$29.87
Salary
$29.87
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$6.63
Federal Tax
$2.94
Provincial Tax
$1.53
CPP Contributions
$1.67
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.50
Net Pay
$23.24
Marginal Tax Rate
28.58%
Average Tax Rate
14.96%
Comprehensive Deduction Rate
22.21%
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
$58,246.76
Total Deductions
$11,514.16
Net Pay
$46,732.60
Average Tax Rate
12.52%
Comprehensive Deduction Rate
19.77%
Total Income
$58,246.76
Total Deductions
$12,323.40
Net Pay
$45,923.36
Average Tax Rate
13.9%
Comprehensive Deduction Rate
21.16%
Total Income
$58,246.76
Total Deductions
$12,323.79
Net Pay
$45,922.97
Average Tax Rate
13.91%
Comprehensive Deduction Rate
21.16%
Total Income
$58,246.76
Total Deductions
$12,376.91
Net Pay
$45,869.85
Average Tax Rate
14%
Comprehensive Deduction Rate
21.25%
Total Income
$58,246.76
Total Deductions
$12,935.80
Net Pay
$45,310.96
Average Tax Rate
14.96%
Comprehensive Deduction Rate
22.21%
Total Income
$58,246.76
Total Deductions
$13,169.14
Net Pay
$45,077.62
Average Tax Rate
15.36%
Comprehensive Deduction Rate
22.61%
Total Income
$58,246.76
Total Deductions
$13,810.20
Net Pay
$44,436.56
Average Tax Rate
16.46%
Comprehensive Deduction Rate
23.71%
Total Income
$58,246.76
Total Deductions
$14,188.63
Net Pay
$44,058.13
Average Tax Rate
17.11%
Comprehensive Deduction Rate
24.36%
Total Income
$58,246.76
Total Deductions
$14,304.50
Net Pay
$43,942.26
Average Tax Rate
17.31%
Comprehensive Deduction Rate
24.56%
Total Income
$58,246.76
Total Deductions
$14,587.31
Net Pay
$43,659.45
Average Tax Rate
17.79%
Comprehensive Deduction Rate
25.04%
Total Income
$58,246.76
Total Deductions
$14,814.26
Net Pay
$43,432.50
Average Tax Rate
17.6%
Comprehensive Deduction Rate
25.43%
Total Income
$58,246.76
Total Deductions
$14,857.41
Net Pay
$43,389.35
Average Tax Rate
18.26%
Comprehensive Deduction Rate
25.51%
Total Income
$58,246.76
Total Deductions
$15,634.96
Net Pay
$42,611.80
Average Tax Rate
19.59%
Comprehensive Deduction Rate
26.84%
| Region | Total Income | Total Deductions | Net Pay | Avg. Tax Rate | Comp. Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $58,246.76 | $11,514.16 | $46,732.60 | 12.52% | 19.77% |
| British Columbia | $58,246.76 | $12,323.40 | $45,923.36 | 13.9% | 21.16% |
| Northwest Territories | $58,246.76 | $12,323.79 | $45,922.97 | 13.91% | 21.16% |
| Yukon | $58,246.76 | $12,376.91 | $45,869.85 | 14% | 21.25% |
| Ontario | $58,246.76 | $12,935.80 | $45,310.96 | 14.96% | 22.21% |
| Alberta | $58,246.76 | $13,169.14 | $45,077.62 | 15.36% | 22.61% |
| Saskatchewan | $58,246.76 | $13,810.20 | $44,436.56 | 16.46% | 23.71% |
| New Brunswick | $58,246.76 | $14,188.63 | $44,058.13 | 17.11% | 24.36% |
| Manitoba | $58,246.76 | $14,304.50 | $43,942.26 | 17.31% | 24.56% |
| Newfoundland and Labrador | $58,246.76 | $14,587.31 | $43,659.45 | 17.79% | 25.04% |
| Quebec | $58,246.76 | $14,814.26 | $43,432.50 | 17.6% | 25.43% |
| Prince Edward Island | $58,246.76 | $14,857.41 | $43,389.35 | 18.26% | 25.51% |
| Nova Scotia | $58,246.76 | $15,634.96 | $42,611.80 | 19.59% | 26.84% |
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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