2024 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$60,000.00
Salary
$60,000.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$13,570.20
Federal Tax
$6,075.48
Provincial Tax
$3,136.97
CPP Contributions
$3,361.75
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$996.00
Net Pay
$46,429.80
Marginal Tax Rate
28.57%
Average Tax Rate
15.35%
Comprehensive Deduction Rate
22.62%
Monthly Salary
Total Income
$5,000.00
Salary
$5,000.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,130.85
Federal Tax
$506.29
Provincial Tax
$261.41
CPP Contributions
$280.15
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$83.00
Net Pay
$3,869.15
Marginal Tax Rate
28.57%
Average Tax Rate
15.35%
Comprehensive Deduction Rate
22.62%
Biweekly Salary
Total Income
$2,307.69
Salary
$2,307.69
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$521.93
Federal Tax
$233.67
Provincial Tax
$120.65
CPP Contributions
$129.30
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$38.31
Net Pay
$1,785.76
Marginal Tax Rate
28.57%
Average Tax Rate
15.35%
Comprehensive Deduction Rate
22.62%
Weekly Salary
Total Income
$1,153.85
Salary
$1,153.85
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$260.97
Federal Tax
$116.84
Provincial Tax
$60.33
CPP Contributions
$64.65
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$19.15
Net Pay
$892.88
Marginal Tax Rate
28.57%
Average Tax Rate
15.35%
Comprehensive Deduction Rate
22.62%
Daily Salary
Total Income
$230.77
Salary
$230.77
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$52.19
Federal Tax
$23.37
Provincial Tax
$12.07
CPP Contributions
$12.93
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$3.83
Net Pay
$178.58
Marginal Tax Rate
28.57%
Average Tax Rate
15.35%
Comprehensive Deduction Rate
22.62%
Hourly Salary
Total Income
$30.77
Salary
$30.77
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$6.96
Federal Tax
$3.12
Provincial Tax
$1.61
CPP Contributions
$1.72
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.51
Net Pay
$23.81
Marginal Tax Rate
28.57%
Average Tax Rate
15.35%
Comprehensive Deduction Rate
22.62%
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
$60,000.00
Total Deductions
$12,111.97
Net Pay
$47,888.03
Average Tax Rate
12.92%
Comprehensive Deduction Rate
20.19%
Total Income
$60,000.00
Total Deductions
$12,932.37
Net Pay
$47,067.63
Average Tax Rate
14.29%
Comprehensive Deduction Rate
21.55%
Total Income
$60,000.00
Total Deductions
$12,947.67
Net Pay
$47,052.33
Average Tax Rate
14.32%
Comprehensive Deduction Rate
21.58%
Total Income
$60,000.00
Total Deductions
$13,007.27
Net Pay
$46,992.73
Average Tax Rate
14.42%
Comprehensive Deduction Rate
21.68%
Total Income
$60,000.00
Total Deductions
$13,570.20
Net Pay
$46,429.80
Average Tax Rate
15.35%
Comprehensive Deduction Rate
22.62%
Total Income
$60,000.00
Total Deductions
$13,813.28
Net Pay
$46,186.72
Average Tax Rate
15.76%
Comprehensive Deduction Rate
23.02%
Total Income
$60,000.00
Total Deductions
$14,497.65
Net Pay
$45,502.35
Average Tax Rate
16.9%
Comprehensive Deduction Rate
24.16%
Total Income
$60,000.00
Total Deductions
$14,903.53
Net Pay
$45,096.47
Average Tax Rate
17.58%
Comprehensive Deduction Rate
24.84%
Total Income
$60,000.00
Total Deductions
$14,996.03
Net Pay
$45,003.97
Average Tax Rate
17.73%
Comprehensive Deduction Rate
24.99%
Total Income
$60,000.00
Total Deductions
$15,311.70
Net Pay
$44,688.30
Average Tax Rate
18.26%
Comprehensive Deduction Rate
25.52%
Total Income
$60,000.00
Total Deductions
$15,565.41
Net Pay
$44,434.59
Average Tax Rate
18.68%
Comprehensive Deduction Rate
25.94%
Total Income
$60,000.00
Total Deductions
$15,587.78
Net Pay
$44,412.22
Average Tax Rate
18.14%
Comprehensive Deduction Rate
25.98%
Total Income
$60,000.00
Total Deductions
$16,390.40
Net Pay
$43,609.60
Average Tax Rate
20.05%
Comprehensive Deduction Rate
27.32%
| Region | Total Income | Total Deductions | Net Pay | Average Tax Rate | Comprehensive Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $60,000.00 | $12,111.97 | $47,888.03 | 12.92% | 20.19% |
| British Columbia | $60,000.00 | $12,932.37 | $47,067.63 | 14.29% | 21.55% |
| Northwest Territories | $60,000.00 | $12,947.67 | $47,052.33 | 14.32% | 21.58% |
| Yukon | $60,000.00 | $13,007.27 | $46,992.73 | 14.42% | 21.68% |
| Ontario | $60,000.00 | $13,570.20 | $46,429.80 | 15.35% | 22.62% |
| Alberta | $60,000.00 | $13,813.28 | $46,186.72 | 15.76% | 23.02% |
| Saskatchewan | $60,000.00 | $14,497.65 | $45,502.35 | 16.9% | 24.16% |
| New Brunswick | $60,000.00 | $14,903.53 | $45,096.47 | 17.58% | 24.84% |
| Manitoba | $60,000.00 | $14,996.03 | $45,003.97 | 17.73% | 24.99% |
| Newfoundland and Labrador | $60,000.00 | $15,311.70 | $44,688.30 | 18.26% | 25.52% |
| Prince Edward Island | $60,000.00 | $15,565.41 | $44,434.59 | 18.68% | 25.94% |
| Quebec | $60,000.00 | $15,587.78 | $44,412.22 | 18.14% | 25.98% |
| Nova Scotia | $60,000.00 | $16,390.40 | $43,609.60 | 20.05% | 27.32% |
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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