2024 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$85,727.20
Salary
$85,727.20
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$22,070.23
Federal Tax
$11,331.57
Provincial Tax
$5,634.04
CPP Contributions
$4,055.50
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$1,049.12
Net Pay
$63,656.97
Marginal Tax Rate
29.65%
Average Tax Rate
19.79%
Comprehensive Deduction Rate
25.74%
Monthly Salary
Total Income
$7,143.93
Salary
$7,143.93
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,839.19
Federal Tax
$944.30
Provincial Tax
$469.50
CPP Contributions
$337.96
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$87.43
Net Pay
$5,304.75
Marginal Tax Rate
29.65%
Average Tax Rate
19.79%
Comprehensive Deduction Rate
25.74%
Biweekly Salary
Total Income
$3,297.20
Salary
$3,297.20
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$848.86
Federal Tax
$435.83
Provincial Tax
$216.69
CPP Contributions
$155.98
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$40.35
Net Pay
$2,448.35
Marginal Tax Rate
29.65%
Average Tax Rate
19.79%
Comprehensive Deduction Rate
25.74%
Weekly Salary
Total Income
$1,648.60
Salary
$1,648.60
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$424.43
Federal Tax
$217.91
Provincial Tax
$108.35
CPP Contributions
$77.99
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$20.18
Net Pay
$1,224.17
Marginal Tax Rate
29.65%
Average Tax Rate
19.79%
Comprehensive Deduction Rate
25.74%
Daily Salary
Total Income
$329.72
Salary
$329.72
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$84.89
Federal Tax
$43.58
Provincial Tax
$21.67
CPP Contributions
$15.60
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$4.04
Net Pay
$244.83
Marginal Tax Rate
29.65%
Average Tax Rate
19.79%
Comprehensive Deduction Rate
25.74%
Hourly Salary
Total Income
$43.96
Salary
$43.96
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$11.32
Federal Tax
$5.81
Provincial Tax
$2.89
CPP Contributions
$2.08
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.54
Net Pay
$32.64
Marginal Tax Rate
29.65%
Average Tax Rate
19.79%
Comprehensive Deduction Rate
25.74%
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
$85,727.20
Total Deductions
$19,910.31
Net Pay
$65,816.89
Average Tax Rate
17.27%
Comprehensive Deduction Rate
23.23%
Total Income
$85,727.20
Total Deductions
$20,909.33
Net Pay
$64,817.87
Average Tax Rate
18.44%
Comprehensive Deduction Rate
24.39%
Total Income
$85,727.20
Total Deductions
$21,155.02
Net Pay
$64,572.18
Average Tax Rate
18.72%
Comprehensive Deduction Rate
24.68%
Total Income
$85,727.20
Total Deductions
$21,316.85
Net Pay
$64,410.35
Average Tax Rate
18.91%
Comprehensive Deduction Rate
24.87%
Total Income
$85,727.20
Total Deductions
$22,070.23
Net Pay
$63,656.97
Average Tax Rate
19.79%
Comprehensive Deduction Rate
25.74%
Total Income
$85,727.20
Total Deductions
$22,375.16
Net Pay
$63,352.04
Average Tax Rate
20.15%
Comprehensive Deduction Rate
26.1%
Total Income
$85,727.20
Total Deductions
$23,702.01
Net Pay
$62,025.19
Average Tax Rate
21.69%
Comprehensive Deduction Rate
27.65%
Total Income
$85,727.20
Total Deductions
$24,264.30
Net Pay
$61,462.90
Average Tax Rate
22.35%
Comprehensive Deduction Rate
28.3%
Total Income
$85,727.20
Total Deductions
$24,495.32
Net Pay
$61,231.88
Average Tax Rate
22.62%
Comprehensive Deduction Rate
28.57%
Total Income
$85,727.20
Total Deductions
$25,033.09
Net Pay
$60,694.11
Average Tax Rate
23.25%
Comprehensive Deduction Rate
29.2%
Total Income
$85,727.20
Total Deductions
$25,708.42
Net Pay
$60,018.78
Average Tax Rate
24.03%
Comprehensive Deduction Rate
29.99%
Total Income
$85,727.20
Total Deductions
$25,764.76
Net Pay
$59,962.44
Average Tax Rate
23.52%
Comprehensive Deduction Rate
30.05%
Total Income
$85,727.20
Total Deductions
$26,749.05
Net Pay
$58,978.15
Average Tax Rate
25.25%
Comprehensive Deduction Rate
31.2%
| Region | Total Income | Total Deductions | Net Pay | Avg. Tax Rate | Comp. Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $85,727.20 | $19,910.31 | $65,816.89 | 17.27% | 23.23% |
| British Columbia | $85,727.20 | $20,909.33 | $64,817.87 | 18.44% | 24.39% |
| Northwest Territories | $85,727.20 | $21,155.02 | $64,572.18 | 18.72% | 24.68% |
| Yukon | $85,727.20 | $21,316.85 | $64,410.35 | 18.91% | 24.87% |
| Ontario | $85,727.20 | $22,070.23 | $63,656.97 | 19.79% | 25.74% |
| Alberta | $85,727.20 | $22,375.16 | $63,352.04 | 20.15% | 26.1% |
| Saskatchewan | $85,727.20 | $23,702.01 | $62,025.19 | 21.69% | 27.65% |
| Manitoba | $85,727.20 | $24,264.30 | $61,462.90 | 22.35% | 28.3% |
| New Brunswick | $85,727.20 | $24,495.32 | $61,231.88 | 22.62% | 28.57% |
| Newfoundland and Labrador | $85,727.20 | $25,033.09 | $60,694.11 | 23.25% | 29.2% |
| Prince Edward Island | $85,727.20 | $25,708.42 | $60,018.78 | 24.03% | 29.99% |
| Quebec | $85,727.20 | $25,764.76 | $59,962.44 | 23.52% | 30.05% |
| Nova Scotia | $85,727.20 | $26,749.05 | $58,978.15 | 25.25% | 31.2% |
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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