2024 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$61,937.16
Salary
$61,937.16
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$14,271.15
Federal Tax
$6,457.58
Provincial Tax
$3,308.40
CPP Contributions
$3,477.01
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$1,028.16
Net Pay
$47,666.01
Marginal Tax Rate
28.58%
Average Tax Rate
15.77%
Comprehensive Deduction Rate
23.04%
Monthly Salary
Total Income
$5,161.43
Salary
$5,161.43
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,189.26
Federal Tax
$538.13
Provincial Tax
$275.70
CPP Contributions
$289.75
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$85.68
Net Pay
$3,972.17
Marginal Tax Rate
28.58%
Average Tax Rate
15.77%
Comprehensive Deduction Rate
23.04%
Biweekly Salary
Total Income
$2,382.20
Salary
$2,382.20
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$548.89
Federal Tax
$248.37
Provincial Tax
$127.25
CPP Contributions
$133.73
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$39.54
Net Pay
$1,833.31
Marginal Tax Rate
28.58%
Average Tax Rate
15.77%
Comprehensive Deduction Rate
23.04%
Weekly Salary
Total Income
$1,191.10
Salary
$1,191.10
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$274.45
Federal Tax
$124.18
Provincial Tax
$63.62
CPP Contributions
$66.87
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$19.77
Net Pay
$916.65
Marginal Tax Rate
28.58%
Average Tax Rate
15.77%
Comprehensive Deduction Rate
23.04%
Daily Salary
Total Income
$238.22
Salary
$238.22
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$54.89
Federal Tax
$24.84
Provincial Tax
$12.72
CPP Contributions
$13.37
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$3.95
Net Pay
$183.33
Marginal Tax Rate
28.58%
Average Tax Rate
15.77%
Comprehensive Deduction Rate
23.04%
Hourly Salary
Total Income
$31.76
Salary
$31.76
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$7.32
Federal Tax
$3.31
Provincial Tax
$1.70
CPP Contributions
$1.78
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.53
Net Pay
$24.44
Marginal Tax Rate
28.58%
Average Tax Rate
15.77%
Comprehensive Deduction Rate
23.04%
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
$61,937.16
Total Deductions
$12,772.48
Net Pay
$49,164.68
Average Tax Rate
13.35%
Comprehensive Deduction Rate
20.62%
Total Income
$61,937.16
Total Deductions
$13,605.21
Net Pay
$48,331.95
Average Tax Rate
14.69%
Comprehensive Deduction Rate
21.97%
Total Income
$61,937.16
Total Deductions
$13,636.98
Net Pay
$48,300.18
Average Tax Rate
14.74%
Comprehensive Deduction Rate
22.02%
Total Income
$61,937.16
Total Deductions
$13,703.76
Net Pay
$48,233.40
Average Tax Rate
14.85%
Comprehensive Deduction Rate
22.13%
Total Income
$61,937.16
Total Deductions
$14,271.15
Net Pay
$47,666.01
Average Tax Rate
15.77%
Comprehensive Deduction Rate
23.04%
Total Income
$61,937.16
Total Deductions
$14,524.99
Net Pay
$47,412.17
Average Tax Rate
16.18%
Comprehensive Deduction Rate
23.45%
Total Income
$61,937.16
Total Deductions
$15,257.22
Net Pay
$46,679.94
Average Tax Rate
17.36%
Comprehensive Deduction Rate
24.63%
Total Income
$61,937.16
Total Deductions
$15,693.41
Net Pay
$46,243.75
Average Tax Rate
18.06%
Comprehensive Deduction Rate
25.34%
Total Income
$61,937.16
Total Deductions
$15,760.09
Net Pay
$46,177.07
Average Tax Rate
18.17%
Comprehensive Deduction Rate
25.45%
Total Income
$61,937.16
Total Deductions
$16,112.08
Net Pay
$45,825.08
Average Tax Rate
18.74%
Comprehensive Deduction Rate
26.01%
Total Income
$61,937.16
Total Deductions
$16,347.66
Net Pay
$45,589.50
Average Tax Rate
19.12%
Comprehensive Deduction Rate
26.39%
Total Income
$61,937.16
Total Deductions
$16,444.90
Net Pay
$45,492.26
Average Tax Rate
18.7%
Comprehensive Deduction Rate
26.55%
Total Income
$61,937.16
Total Deductions
$17,242.92
Net Pay
$44,694.24
Average Tax Rate
20.57%
Comprehensive Deduction Rate
27.84%
| Region | Total Income | Total Deductions | Net Pay | Avg. Tax Rate | Comp. Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $61,937.16 | $12,772.48 | $49,164.68 | 13.35% | 20.62% |
| British Columbia | $61,937.16 | $13,605.21 | $48,331.95 | 14.69% | 21.97% |
| Northwest Territories | $61,937.16 | $13,636.98 | $48,300.18 | 14.74% | 22.02% |
| Yukon | $61,937.16 | $13,703.76 | $48,233.40 | 14.85% | 22.13% |
| Ontario | $61,937.16 | $14,271.15 | $47,666.01 | 15.77% | 23.04% |
| Alberta | $61,937.16 | $14,524.99 | $47,412.17 | 16.18% | 23.45% |
| Saskatchewan | $61,937.16 | $15,257.22 | $46,679.94 | 17.36% | 24.63% |
| New Brunswick | $61,937.16 | $15,693.41 | $46,243.75 | 18.06% | 25.34% |
| Manitoba | $61,937.16 | $15,760.09 | $46,177.07 | 18.17% | 25.45% |
| Newfoundland and Labrador | $61,937.16 | $16,112.08 | $45,825.08 | 18.74% | 26.01% |
| Prince Edward Island | $61,937.16 | $16,347.66 | $45,589.50 | 19.12% | 26.39% |
| Quebec | $61,937.16 | $16,444.90 | $45,492.26 | 18.7% | 26.55% |
| Nova Scotia | $61,937.16 | $17,242.92 | $44,694.24 | 20.57% | 27.84% |
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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