2024 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$71,962.08
Salary
$71,962.08
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$17,838.87
Federal Tax
$8,509.72
Provincial Tax
$4,224.53
CPP Contributions
$4,055.50
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$1,049.12
Net Pay
$54,123.21
Marginal Tax Rate
45.17%
Average Tax Rate
17.7%
Comprehensive Deduction Rate
24.79%
Monthly Salary
Total Income
$5,996.84
Salary
$5,996.84
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,486.57
Federal Tax
$709.14
Provincial Tax
$352.04
CPP Contributions
$337.96
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$87.43
Net Pay
$4,510.27
Marginal Tax Rate
45.17%
Average Tax Rate
17.7%
Comprehensive Deduction Rate
24.79%
Biweekly Salary
Total Income
$2,767.77
Salary
$2,767.77
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$686.11
Federal Tax
$327.30
Provincial Tax
$162.48
CPP Contributions
$155.98
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$40.35
Net Pay
$2,081.66
Marginal Tax Rate
45.17%
Average Tax Rate
17.7%
Comprehensive Deduction Rate
24.79%
Weekly Salary
Total Income
$1,383.89
Salary
$1,383.89
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$343.06
Federal Tax
$163.65
Provincial Tax
$81.24
CPP Contributions
$77.99
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$20.18
Net Pay
$1,040.83
Marginal Tax Rate
45.17%
Average Tax Rate
17.7%
Comprehensive Deduction Rate
24.79%
Daily Salary
Total Income
$276.78
Salary
$276.78
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$68.61
Federal Tax
$32.73
Provincial Tax
$16.25
CPP Contributions
$15.60
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$4.04
Net Pay
$208.17
Marginal Tax Rate
45.17%
Average Tax Rate
17.7%
Comprehensive Deduction Rate
24.79%
Hourly Salary
Total Income
$36.90
Salary
$36.90
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$9.15
Federal Tax
$4.36
Provincial Tax
$2.17
CPP Contributions
$2.08
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.54
Net Pay
$27.76
Marginal Tax Rate
45.17%
Average Tax Rate
17.7%
Comprehensive Deduction Rate
24.79%
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
$71,962.08
Total Deductions
$16,124.91
Net Pay
$55,837.17
Average Tax Rate
15.31%
Comprehensive Deduction Rate
22.41%
Total Income
$71,962.08
Total Deductions
$17,027.57
Net Pay
$54,934.51
Average Tax Rate
16.57%
Comprehensive Deduction Rate
23.66%
Total Income
$71,962.08
Total Deductions
$17,149.37
Net Pay
$54,812.71
Average Tax Rate
16.74%
Comprehensive Deduction Rate
23.83%
Total Income
$71,962.08
Total Deductions
$17,256.14
Net Pay
$54,705.94
Average Tax Rate
16.89%
Comprehensive Deduction Rate
23.98%
Total Income
$71,962.08
Total Deductions
$17,838.87
Net Pay
$54,123.21
Average Tax Rate
17.7%
Comprehensive Deduction Rate
24.79%
Total Income
$71,962.08
Total Deductions
$18,176.80
Net Pay
$53,785.28
Average Tax Rate
18.17%
Comprehensive Deduction Rate
25.26%
Total Income
$71,962.08
Total Deductions
$19,159.52
Net Pay
$52,802.56
Average Tax Rate
19.53%
Comprehensive Deduction Rate
26.62%
Total Income
$71,962.08
Total Deductions
$19,687.40
Net Pay
$52,274.68
Average Tax Rate
20.26%
Comprehensive Deduction Rate
27.36%
Total Income
$71,962.08
Total Deductions
$19,746.35
Net Pay
$52,215.73
Average Tax Rate
20.35%
Comprehensive Deduction Rate
27.44%
Total Income
$71,962.08
Total Deductions
$20,215.30
Net Pay
$51,746.78
Average Tax Rate
21%
Comprehensive Deduction Rate
28.09%
Total Income
$71,962.08
Total Deductions
$20,594.68
Net Pay
$51,367.40
Average Tax Rate
21.53%
Comprehensive Deduction Rate
28.62%
Total Income
$71,962.08
Total Deductions
$20,733.66
Net Pay
$51,228.42
Average Tax Rate
21.12%
Comprehensive Deduction Rate
28.81%
Total Income
$71,962.08
Total Deductions
$21,616.54
Net Pay
$50,345.54
Average Tax Rate
22.95%
Comprehensive Deduction Rate
30.04%
| Region | Total Income | Total Deductions | Net Pay | Avg. Tax Rate | Comp. Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $71,962.08 | $16,124.91 | $55,837.17 | 15.31% | 22.41% |
| British Columbia | $71,962.08 | $17,027.57 | $54,934.51 | 16.57% | 23.66% |
| Northwest Territories | $71,962.08 | $17,149.37 | $54,812.71 | 16.74% | 23.83% |
| Yukon | $71,962.08 | $17,256.14 | $54,705.94 | 16.89% | 23.98% |
| Ontario | $71,962.08 | $17,838.87 | $54,123.21 | 17.7% | 24.79% |
| Alberta | $71,962.08 | $18,176.80 | $53,785.28 | 18.17% | 25.26% |
| Saskatchewan | $71,962.08 | $19,159.52 | $52,802.56 | 19.53% | 26.62% |
| Manitoba | $71,962.08 | $19,687.40 | $52,274.68 | 20.26% | 27.36% |
| New Brunswick | $71,962.08 | $19,746.35 | $52,215.73 | 20.35% | 27.44% |
| Newfoundland and Labrador | $71,962.08 | $20,215.30 | $51,746.78 | 21% | 28.09% |
| Prince Edward Island | $71,962.08 | $20,594.68 | $51,367.40 | 21.53% | 28.62% |
| Quebec | $71,962.08 | $20,733.66 | $51,228.42 | 21.12% | 28.81% |
| Nova Scotia | $71,962.08 | $21,616.54 | $50,345.54 | 22.95% | 30.04% |
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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