2024 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$68,036.76
Salary
$68,036.76
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$16,459.45
Federal Tax
$7,705.03
Provincial Tax
$3,865.36
CPP Contributions
$3,839.94
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$1,049.12
Net Pay
$51,577.31
Marginal Tax Rate
29.65%
Average Tax Rate
17.01%
Comprehensive Deduction Rate
24.19%
Monthly Salary
Total Income
$5,669.73
Salary
$5,669.73
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,371.62
Federal Tax
$642.09
Provincial Tax
$322.11
CPP Contributions
$320.00
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$87.43
Net Pay
$4,298.11
Marginal Tax Rate
29.65%
Average Tax Rate
17.01%
Comprehensive Deduction Rate
24.19%
Biweekly Salary
Total Income
$2,616.80
Salary
$2,616.80
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$633.06
Federal Tax
$296.35
Provincial Tax
$148.67
CPP Contributions
$147.69
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$40.35
Net Pay
$1,983.74
Marginal Tax Rate
29.65%
Average Tax Rate
17.01%
Comprehensive Deduction Rate
24.19%
Weekly Salary
Total Income
$1,308.40
Salary
$1,308.40
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$316.53
Federal Tax
$148.17
Provincial Tax
$74.33
CPP Contributions
$73.85
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$20.18
Net Pay
$991.87
Marginal Tax Rate
29.65%
Average Tax Rate
17.01%
Comprehensive Deduction Rate
24.19%
Daily Salary
Total Income
$261.68
Salary
$261.68
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$63.31
Federal Tax
$29.63
Provincial Tax
$14.87
CPP Contributions
$14.77
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$4.04
Net Pay
$198.37
Marginal Tax Rate
29.65%
Average Tax Rate
17.01%
Comprehensive Deduction Rate
24.19%
Hourly Salary
Total Income
$34.89
Salary
$34.89
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$8.44
Federal Tax
$3.95
Provincial Tax
$1.98
CPP Contributions
$1.97
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.54
Net Pay
$26.45
Marginal Tax Rate
29.65%
Average Tax Rate
17.01%
Comprehensive Deduction Rate
24.19%
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
$68,036.76
Total Deductions
$14,829.88
Net Pay
$53,206.88
Average Tax Rate
14.61%
Comprehensive Deduction Rate
21.8%
Total Income
$68,036.76
Total Deductions
$15,705.07
Net Pay
$52,331.69
Average Tax Rate
15.9%
Comprehensive Deduction Rate
23.08%
Total Income
$68,036.76
Total Deductions
$15,791.54
Net Pay
$52,245.22
Average Tax Rate
16.02%
Comprehensive Deduction Rate
23.21%
Total Income
$68,036.76
Total Deductions
$15,882.61
Net Pay
$52,154.15
Average Tax Rate
16.16%
Comprehensive Deduction Rate
23.34%
Total Income
$68,036.76
Total Deductions
$16,459.45
Net Pay
$51,577.31
Average Tax Rate
17.01%
Comprehensive Deduction Rate
24.19%
Total Income
$68,036.76
Total Deductions
$16,764.02
Net Pay
$51,272.74
Average Tax Rate
17.45%
Comprehensive Deduction Rate
24.64%
Total Income
$68,036.76
Total Deductions
$17,648.61
Net Pay
$50,388.15
Average Tax Rate
18.75%
Comprehensive Deduction Rate
25.94%
Total Income
$68,036.76
Total Deductions
$18,166.67
Net Pay
$49,870.09
Average Tax Rate
19.52%
Comprehensive Deduction Rate
26.7%
Total Income
$68,036.76
Total Deductions
$18,176.56
Net Pay
$49,860.20
Average Tax Rate
19.53%
Comprehensive Deduction Rate
26.72%
Total Income
$68,036.76
Total Deductions
$18,625.88
Net Pay
$49,410.88
Average Tax Rate
20.19%
Comprehensive Deduction Rate
27.38%
Total Income
$68,036.76
Total Deductions
$18,920.86
Net Pay
$49,115.90
Average Tax Rate
20.62%
Comprehensive Deduction Rate
27.81%
Total Income
$68,036.76
Total Deductions
$19,081.32
Net Pay
$48,955.44
Average Tax Rate
20.25%
Comprehensive Deduction Rate
28.05%
Total Income
$68,036.76
Total Deductions
$19,921.24
Net Pay
$48,115.52
Average Tax Rate
22.09%
Comprehensive Deduction Rate
29.28%
| Region | Total Income | Total Deductions | Net Pay | Avg. Tax Rate | Comp. Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $68,036.76 | $14,829.88 | $53,206.88 | 14.61% | 21.8% |
| British Columbia | $68,036.76 | $15,705.07 | $52,331.69 | 15.9% | 23.08% |
| Northwest Territories | $68,036.76 | $15,791.54 | $52,245.22 | 16.02% | 23.21% |
| Yukon | $68,036.76 | $15,882.61 | $52,154.15 | 16.16% | 23.34% |
| Ontario | $68,036.76 | $16,459.45 | $51,577.31 | 17.01% | 24.19% |
| Alberta | $68,036.76 | $16,764.02 | $51,272.74 | 17.45% | 24.64% |
| Saskatchewan | $68,036.76 | $17,648.61 | $50,388.15 | 18.75% | 25.94% |
| Manitoba | $68,036.76 | $18,166.67 | $49,870.09 | 19.52% | 26.7% |
| New Brunswick | $68,036.76 | $18,176.56 | $49,860.20 | 19.53% | 26.72% |
| Newfoundland and Labrador | $68,036.76 | $18,625.88 | $49,410.88 | 20.19% | 27.38% |
| Prince Edward Island | $68,036.76 | $18,920.86 | $49,115.90 | 20.62% | 27.81% |
| Quebec | $68,036.76 | $19,081.32 | $48,955.44 | 20.25% | 28.05% |
| Nova Scotia | $68,036.76 | $19,921.24 | $48,115.52 | 22.09% | 29.28% |
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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