2024 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$72,960.00
Salary
$72,960.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$18,284.75
Federal Tax
$8,714.29
Provincial Tax
$4,465.84
CPP Contributions
$4,055.50
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$1,049.12
Net Pay
$54,675.25
Marginal Tax Rate
29.65%
Average Tax Rate
18.06%
Comprehensive Deduction Rate
25.06%
Monthly Salary
Total Income
$6,080.00
Salary
$6,080.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,523.73
Federal Tax
$726.19
Provincial Tax
$372.15
CPP Contributions
$337.96
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$87.43
Net Pay
$4,556.27
Marginal Tax Rate
29.65%
Average Tax Rate
18.06%
Comprehensive Deduction Rate
25.06%
Biweekly Salary
Total Income
$2,806.15
Salary
$2,806.15
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$703.26
Federal Tax
$335.17
Provincial Tax
$171.76
CPP Contributions
$155.98
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$40.35
Net Pay
$2,102.89
Marginal Tax Rate
29.65%
Average Tax Rate
18.06%
Comprehensive Deduction Rate
25.06%
Weekly Salary
Total Income
$1,403.08
Salary
$1,403.08
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$351.63
Federal Tax
$167.58
Provincial Tax
$85.88
CPP Contributions
$77.99
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$20.18
Net Pay
$1,051.45
Marginal Tax Rate
29.65%
Average Tax Rate
18.06%
Comprehensive Deduction Rate
25.06%
Daily Salary
Total Income
$280.62
Salary
$280.62
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$70.33
Federal Tax
$33.52
Provincial Tax
$17.18
CPP Contributions
$15.60
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$4.04
Net Pay
$210.29
Marginal Tax Rate
29.65%
Average Tax Rate
18.06%
Comprehensive Deduction Rate
25.06%
Hourly Salary
Total Income
$37.42
Salary
$37.42
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$9.38
Federal Tax
$4.47
Provincial Tax
$2.29
CPP Contributions
$2.08
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.54
Net Pay
$28.04
Marginal Tax Rate
29.65%
Average Tax Rate
18.06%
Comprehensive Deduction Rate
25.06%
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
$72,960.00
Total Deductions
$16,399.33
Net Pay
$56,560.67
Average Tax Rate
15.48%
Comprehensive Deduction Rate
22.48%
Total Income
$72,960.00
Total Deductions
$17,308.98
Net Pay
$55,651.02
Average Tax Rate
16.73%
Comprehensive Deduction Rate
23.72%
Total Income
$72,960.00
Total Deductions
$17,439.76
Net Pay
$55,520.24
Average Tax Rate
16.91%
Comprehensive Deduction Rate
23.9%
Total Income
$72,960.00
Total Deductions
$17,550.52
Net Pay
$55,409.48
Average Tax Rate
17.06%
Comprehensive Deduction Rate
24.05%
Total Income
$72,960.00
Total Deductions
$18,284.75
Net Pay
$54,675.25
Average Tax Rate
18.06%
Comprehensive Deduction Rate
25.06%
Total Income
$72,960.00
Total Deductions
$18,481.16
Net Pay
$54,478.84
Average Tax Rate
18.33%
Comprehensive Deduction Rate
25.33%
Total Income
$72,960.00
Total Deductions
$19,488.83
Net Pay
$53,471.17
Average Tax Rate
19.72%
Comprehensive Deduction Rate
26.71%
Total Income
$72,960.00
Total Deductions
$20,019.20
Net Pay
$52,940.80
Average Tax Rate
20.44%
Comprehensive Deduction Rate
27.44%
Total Income
$72,960.00
Total Deductions
$20,090.63
Net Pay
$52,869.37
Average Tax Rate
20.54%
Comprehensive Deduction Rate
27.54%
Total Income
$72,960.00
Total Deductions
$20,564.57
Net Pay
$52,395.43
Average Tax Rate
21.19%
Comprehensive Deduction Rate
28.19%
Total Income
$72,960.00
Total Deductions
$20,965.40
Net Pay
$51,994.60
Average Tax Rate
21.74%
Comprehensive Deduction Rate
28.74%
Total Income
$72,960.00
Total Deductions
$21,098.40
Net Pay
$51,861.60
Average Tax Rate
21.32%
Comprehensive Deduction Rate
28.92%
Total Income
$72,960.00
Total Deductions
$21,992.72
Net Pay
$50,967.28
Average Tax Rate
23.15%
Comprehensive Deduction Rate
30.14%
| Region | Total Income | Total Deductions | Net Pay | Avg. Tax Rate | Comp. Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $72,960.00 | $16,399.33 | $56,560.67 | 15.48% | 22.48% |
| British Columbia | $72,960.00 | $17,308.98 | $55,651.02 | 16.73% | 23.72% |
| Northwest Territories | $72,960.00 | $17,439.76 | $55,520.24 | 16.91% | 23.9% |
| Yukon | $72,960.00 | $17,550.52 | $55,409.48 | 17.06% | 24.05% |
| Ontario | $72,960.00 | $18,284.75 | $54,675.25 | 18.06% | 25.06% |
| Alberta | $72,960.00 | $18,481.16 | $54,478.84 | 18.33% | 25.33% |
| Saskatchewan | $72,960.00 | $19,488.83 | $53,471.17 | 19.72% | 26.71% |
| Manitoba | $72,960.00 | $20,019.20 | $52,940.80 | 20.44% | 27.44% |
| New Brunswick | $72,960.00 | $20,090.63 | $52,869.37 | 20.54% | 27.54% |
| Newfoundland and Labrador | $72,960.00 | $20,564.57 | $52,395.43 | 21.19% | 28.19% |
| Prince Edward Island | $72,960.00 | $20,965.40 | $51,994.60 | 21.74% | 28.74% |
| Quebec | $72,960.00 | $21,098.40 | $51,861.60 | 21.32% | 28.92% |
| Nova Scotia | $72,960.00 | $21,992.72 | $50,967.28 | 23.15% | 30.14% |
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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