2024 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$62,107.76
Salary
$62,107.76
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$14,332.88
Federal Tax
$6,491.23
Provincial Tax
$3,323.50
CPP Contributions
$3,487.16
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$1,030.99
Net Pay
$47,774.88
Marginal Tax Rate
28.57%
Average Tax Rate
15.8%
Comprehensive Deduction Rate
23.08%
Monthly Salary
Total Income
$5,175.65
Salary
$5,175.65
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,194.41
Federal Tax
$540.94
Provincial Tax
$276.96
CPP Contributions
$290.60
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$85.92
Net Pay
$3,981.24
Marginal Tax Rate
28.57%
Average Tax Rate
15.8%
Comprehensive Deduction Rate
23.08%
Biweekly Salary
Total Income
$2,388.76
Salary
$2,388.76
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$551.26
Federal Tax
$249.66
Provincial Tax
$127.83
CPP Contributions
$134.12
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$39.65
Net Pay
$1,837.50
Marginal Tax Rate
28.57%
Average Tax Rate
15.8%
Comprehensive Deduction Rate
23.08%
Weekly Salary
Total Income
$1,194.38
Salary
$1,194.38
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$275.63
Federal Tax
$124.83
Provincial Tax
$63.91
CPP Contributions
$67.06
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$19.83
Net Pay
$918.75
Marginal Tax Rate
28.57%
Average Tax Rate
15.8%
Comprehensive Deduction Rate
23.08%
Daily Salary
Total Income
$238.88
Salary
$238.88
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$55.13
Federal Tax
$24.97
Provincial Tax
$12.78
CPP Contributions
$13.41
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$3.97
Net Pay
$183.75
Marginal Tax Rate
28.57%
Average Tax Rate
15.8%
Comprehensive Deduction Rate
23.08%
Hourly Salary
Total Income
$31.85
Salary
$31.85
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$7.35
Federal Tax
$3.33
Provincial Tax
$1.70
CPP Contributions
$1.79
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.53
Net Pay
$24.50
Marginal Tax Rate
28.57%
Average Tax Rate
15.8%
Comprehensive Deduction Rate
23.08%
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
$62,107.76
Total Deductions
$12,830.64
Net Pay
$49,277.12
Average Tax Rate
13.38%
Comprehensive Deduction Rate
20.66%
Total Income
$62,107.76
Total Deductions
$13,664.47
Net Pay
$48,443.29
Average Tax Rate
14.73%
Comprehensive Deduction Rate
22%
Total Income
$62,107.76
Total Deductions
$13,697.69
Net Pay
$48,410.07
Average Tax Rate
14.78%
Comprehensive Deduction Rate
22.05%
Total Income
$62,107.76
Total Deductions
$13,765.10
Net Pay
$48,342.66
Average Tax Rate
14.89%
Comprehensive Deduction Rate
22.16%
Total Income
$62,107.76
Total Deductions
$14,332.88
Net Pay
$47,774.88
Average Tax Rate
15.8%
Comprehensive Deduction Rate
23.08%
Total Income
$62,107.76
Total Deductions
$14,587.67
Net Pay
$47,520.09
Average Tax Rate
16.21%
Comprehensive Deduction Rate
23.49%
Total Income
$62,107.76
Total Deductions
$15,324.10
Net Pay
$46,783.66
Average Tax Rate
17.4%
Comprehensive Deduction Rate
24.67%
Total Income
$62,107.76
Total Deductions
$15,762.98
Net Pay
$46,344.78
Average Tax Rate
18.11%
Comprehensive Deduction Rate
25.38%
Total Income
$62,107.76
Total Deductions
$15,827.37
Net Pay
$46,280.39
Average Tax Rate
18.21%
Comprehensive Deduction Rate
25.48%
Total Income
$62,107.76
Total Deductions
$16,182.57
Net Pay
$45,925.19
Average Tax Rate
18.78%
Comprehensive Deduction Rate
26.06%
Total Income
$62,107.76
Total Deductions
$16,416.56
Net Pay
$45,691.20
Average Tax Rate
19.16%
Comprehensive Deduction Rate
26.43%
Total Income
$62,107.76
Total Deductions
$16,520.42
Net Pay
$45,587.34
Average Tax Rate
18.75%
Comprehensive Deduction Rate
26.6%
Total Income
$62,107.76
Total Deductions
$17,318.00
Net Pay
$44,789.76
Average Tax Rate
20.61%
Comprehensive Deduction Rate
27.88%
| Region | Total Income | Total Deductions | Net Pay | Avg. Tax Rate | Comp. Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $62,107.76 | $12,830.64 | $49,277.12 | 13.38% | 20.66% |
| British Columbia | $62,107.76 | $13,664.47 | $48,443.29 | 14.73% | 22% |
| Northwest Territories | $62,107.76 | $13,697.69 | $48,410.07 | 14.78% | 22.05% |
| Yukon | $62,107.76 | $13,765.10 | $48,342.66 | 14.89% | 22.16% |
| Ontario | $62,107.76 | $14,332.88 | $47,774.88 | 15.8% | 23.08% |
| Alberta | $62,107.76 | $14,587.67 | $47,520.09 | 16.21% | 23.49% |
| Saskatchewan | $62,107.76 | $15,324.10 | $46,783.66 | 17.4% | 24.67% |
| New Brunswick | $62,107.76 | $15,762.98 | $46,344.78 | 18.11% | 25.38% |
| Manitoba | $62,107.76 | $15,827.37 | $46,280.39 | 18.21% | 25.48% |
| Newfoundland and Labrador | $62,107.76 | $16,182.57 | $45,925.19 | 18.78% | 26.06% |
| Prince Edward Island | $62,107.76 | $16,416.56 | $45,691.20 | 19.16% | 26.43% |
| Quebec | $62,107.76 | $16,520.42 | $45,587.34 | 18.75% | 26.6% |
| Nova Scotia | $62,107.76 | $17,318.00 | $44,789.76 | 20.61% | 27.88% |
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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