2024 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$50,993.80
Salary
$50,993.80
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$10,619.25
Federal Tax
$4,583.29
Provincial Tax
$2,363.58
CPP Contributions
$2,825.88
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$846.50
Net Pay
$40,374.55
Marginal Tax Rate
18.64%
Average Tax Rate
13.62%
Comprehensive Deduction Rate
20.82%
Monthly Salary
Total Income
$4,249.48
Salary
$4,249.48
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$884.94
Federal Tax
$381.94
Provincial Tax
$196.97
CPP Contributions
$235.49
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$70.54
Net Pay
$3,364.55
Marginal Tax Rate
18.64%
Average Tax Rate
13.62%
Comprehensive Deduction Rate
20.82%
Biweekly Salary
Total Income
$1,961.30
Salary
$1,961.30
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$408.43
Federal Tax
$176.28
Provincial Tax
$90.91
CPP Contributions
$108.69
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$32.56
Net Pay
$1,552.87
Marginal Tax Rate
18.64%
Average Tax Rate
13.62%
Comprehensive Deduction Rate
20.82%
Weekly Salary
Total Income
$980.65
Salary
$980.65
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$204.22
Federal Tax
$88.14
Provincial Tax
$45.45
CPP Contributions
$54.34
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$16.28
Net Pay
$776.43
Marginal Tax Rate
18.64%
Average Tax Rate
13.62%
Comprehensive Deduction Rate
20.82%
Daily Salary
Total Income
$196.13
Salary
$196.13
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$40.84
Federal Tax
$17.63
Provincial Tax
$9.09
CPP Contributions
$10.87
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$3.26
Net Pay
$155.29
Marginal Tax Rate
18.64%
Average Tax Rate
13.62%
Comprehensive Deduction Rate
20.82%
Hourly Salary
Total Income
$26.15
Salary
$26.15
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$5.45
Federal Tax
$2.35
Provincial Tax
$1.21
CPP Contributions
$1.45
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.43
Net Pay
$20.70
Marginal Tax Rate
18.64%
Average Tax Rate
13.62%
Comprehensive Deduction Rate
20.82%
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
$50,993.80
Total Deductions
$9,397.84
Net Pay
$41,595.96
Average Tax Rate
11.23%
Comprehensive Deduction Rate
18.43%
Total Income
$50,993.80
Total Deductions
$10,033.46
Net Pay
$40,960.34
Average Tax Rate
12.47%
Comprehensive Deduction Rate
19.68%
Total Income
$50,993.80
Total Deductions
$10,093.82
Net Pay
$40,899.98
Average Tax Rate
12.59%
Comprehensive Deduction Rate
19.79%
Total Income
$50,993.80
Total Deductions
$10,187.41
Net Pay
$40,806.39
Average Tax Rate
12.78%
Comprehensive Deduction Rate
19.98%
Total Income
$50,993.80
Total Deductions
$10,619.25
Net Pay
$40,374.55
Average Tax Rate
13.62%
Comprehensive Deduction Rate
20.82%
Total Income
$50,993.80
Total Deductions
$10,799.31
Net Pay
$40,194.49
Average Tax Rate
13.98%
Comprehensive Deduction Rate
21.18%
Total Income
$50,993.80
Total Deductions
$11,282.86
Net Pay
$39,710.94
Average Tax Rate
14.92%
Comprehensive Deduction Rate
22.13%
Total Income
$50,993.80
Total Deductions
$11,525.46
Net Pay
$39,468.34
Average Tax Rate
15.4%
Comprehensive Deduction Rate
22.6%
Total Income
$50,993.80
Total Deductions
$11,739.52
Net Pay
$39,254.28
Average Tax Rate
15.82%
Comprehensive Deduction Rate
23.02%
Total Income
$50,993.80
Total Deductions
$11,884.10
Net Pay
$39,109.70
Average Tax Rate
16.1%
Comprehensive Deduction Rate
23.3%
Total Income
$50,993.80
Total Deductions
$11,988.86
Net Pay
$39,004.94
Average Tax Rate
15.74%
Comprehensive Deduction Rate
23.51%
Total Income
$50,993.80
Total Deductions
$12,223.23
Net Pay
$38,770.57
Average Tax Rate
16.77%
Comprehensive Deduction Rate
23.97%
Total Income
$50,993.80
Total Deductions
$12,861.35
Net Pay
$38,132.45
Average Tax Rate
18.02%
Comprehensive Deduction Rate
25.22%
| Region | Total Income | Total Deductions | Net Pay | Avg. Tax Rate | Comp. Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $50,993.80 | $9,397.84 | $41,595.96 | 11.23% | 18.43% |
| Northwest Territories | $50,993.80 | $10,033.46 | $40,960.34 | 12.47% | 19.68% |
| British Columbia | $50,993.80 | $10,093.82 | $40,899.98 | 12.59% | 19.79% |
| Yukon | $50,993.80 | $10,187.41 | $40,806.39 | 12.78% | 19.98% |
| Ontario | $50,993.80 | $10,619.25 | $40,374.55 | 13.62% | 20.82% |
| Alberta | $50,993.80 | $10,799.31 | $40,194.49 | 13.98% | 21.18% |
| Saskatchewan | $50,993.80 | $11,282.86 | $39,710.94 | 14.92% | 22.13% |
| New Brunswick | $50,993.80 | $11,525.46 | $39,468.34 | 15.4% | 22.6% |
| Manitoba | $50,993.80 | $11,739.52 | $39,254.28 | 15.82% | 23.02% |
| Newfoundland and Labrador | $50,993.80 | $11,884.10 | $39,109.70 | 16.1% | 23.3% |
| Quebec | $50,993.80 | $11,988.86 | $39,004.94 | 15.74% | 23.51% |
| Prince Edward Island | $50,993.80 | $12,223.23 | $38,770.57 | 16.77% | 23.97% |
| Nova Scotia | $50,993.80 | $12,861.35 | $38,132.45 | 18.02% | 25.22% |
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.
Jobs paying $981+/week
Paladin Security
-
100 Jobs
Richmond Hill, ON
$34.84 / hour
Full-time
4 days ago
Canadian Red Cross
-
37 Jobs
Timmins, ON
$26.32 / hour
Full-time
7 days ago
Canadian Red Cross
-
37 Jobs
Toronto, ON
$115,223 - $122,425 / year
Full-time
14 days ago
Are you looking to relocate to Ontario or just browsing through cities within the province/territory?
Check out our Ontario demographics page for more information.