2021 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$126,000.00
Salary
$126,000.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$38,430.19
Federal Tax
$21,803.85
Provincial Tax
$12,570.35
CPP Contributions
$3,166.45
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$889.54
Net Pay
$87,569.81
Marginal Tax Rate
43.41%
Average Tax Rate
27.28%
Comprehensive Deduction Rate
30.5%
Monthly Salary
Total Income
$10,500.00
Salary
$10,500.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$3,202.52
Federal Tax
$1,816.99
Provincial Tax
$1,047.53
CPP Contributions
$263.87
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$74.13
Net Pay
$7,297.48
Marginal Tax Rate
43.41%
Average Tax Rate
27.28%
Comprehensive Deduction Rate
30.5%
Biweekly Salary
Total Income
$4,846.15
Salary
$4,846.15
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,478.08
Federal Tax
$838.61
Provincial Tax
$483.48
CPP Contributions
$121.79
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$34.21
Net Pay
$3,368.07
Marginal Tax Rate
43.41%
Average Tax Rate
27.28%
Comprehensive Deduction Rate
30.5%
Weekly Salary
Total Income
$2,423.08
Salary
$2,423.08
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$739.04
Federal Tax
$419.30
Provincial Tax
$241.74
CPP Contributions
$60.89
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$17.11
Net Pay
$1,684.03
Marginal Tax Rate
43.41%
Average Tax Rate
27.28%
Comprehensive Deduction Rate
30.5%
Daily Salary
Total Income
$484.62
Salary
$484.62
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$147.81
Federal Tax
$83.86
Provincial Tax
$48.35
CPP Contributions
$12.18
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$3.42
Net Pay
$336.81
Marginal Tax Rate
43.41%
Average Tax Rate
27.28%
Comprehensive Deduction Rate
30.5%
Hourly Salary
Total Income
$64.62
Salary
$64.62
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$19.71
Federal Tax
$11.18
Provincial Tax
$6.45
CPP Contributions
$1.62
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.46
Net Pay
$44.91
Marginal Tax Rate
43.41%
Average Tax Rate
27.28%
Comprehensive Deduction Rate
30.5%
Federal and Provincial/Territorial Tax Brackets
Your taxable income in the following tax brackets.
| Federal Tax Bracket | Federal Tax Rates |
|---|---|
| $49,020.00 or less | 15% |
| $49,020.00 - $98,039.99 | 20.5% |
| $98,040.00 - $151,977.99 | 26% |
| $151,978.00 - $216,510.99 | 29% |
| More than $216,511.00 | 33% |
| Ontario Tax Bracket | Ontario Tax Rates |
|---|---|
| $45,142.00 or less | 5.05% |
| $45,142.00 - $90,286.99 | 9.15% |
| $90,287.00 - $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
$126,000.00
Total Deductions
$33,106.92
Net Pay
$92,893.08
Average Tax Rate
23.06%
Comprehensive Deduction Rate
26.28%
Total Income
$126,000.00
Total Deductions
$35,233.87
Net Pay
$90,766.13
Average Tax Rate
24.74%
Comprehensive Deduction Rate
27.96%
Total Income
$126,000.00
Total Deductions
$35,571.47
Net Pay
$90,428.53
Average Tax Rate
25.01%
Comprehensive Deduction Rate
28.23%
Total Income
$126,000.00
Total Deductions
$35,698.20
Net Pay
$90,301.80
Average Tax Rate
25.11%
Comprehensive Deduction Rate
28.33%
Total Income
$126,000.00
Total Deductions
$36,117.34
Net Pay
$89,882.66
Average Tax Rate
25.45%
Comprehensive Deduction Rate
28.66%
Total Income
$126,000.00
Total Deductions
$38,430.19
Net Pay
$87,569.81
Average Tax Rate
27.28%
Comprehensive Deduction Rate
30.5%
Total Income
$126,000.00
Total Deductions
$38,566.33
Net Pay
$87,433.67
Average Tax Rate
27.39%
Comprehensive Deduction Rate
30.61%
Total Income
$126,000.00
Total Deductions
$41,386.34
Net Pay
$84,613.66
Average Tax Rate
29.63%
Comprehensive Deduction Rate
32.85%
Total Income
$126,000.00
Total Deductions
$41,556.76
Net Pay
$84,443.24
Average Tax Rate
29.76%
Comprehensive Deduction Rate
32.98%
Total Income
$126,000.00
Total Deductions
$42,225.70
Net Pay
$83,774.30
Average Tax Rate
30.29%
Comprehensive Deduction Rate
33.51%
Total Income
$126,000.00
Total Deductions
$42,739.50
Net Pay
$83,260.50
Average Tax Rate
30.7%
Comprehensive Deduction Rate
33.92%
Total Income
$126,000.00
Total Deductions
$43,194.84
Net Pay
$82,805.16
Average Tax Rate
31.06%
Comprehensive Deduction Rate
34.28%
Total Income
$126,000.00
Total Deductions
$44,656.25
Net Pay
$81,343.75
Average Tax Rate
31.86%
Comprehensive Deduction Rate
35.44%
| Region | Total Income | Total Deductions | Net Pay | Avg. Tax Rate | Comp. Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $126,000.00 | $33,106.92 | $92,893.08 | 23.06% | 26.28% |
| Yukon | $126,000.00 | $35,233.87 | $90,766.13 | 24.74% | 27.96% |
| British Columbia | $126,000.00 | $35,571.47 | $90,428.53 | 25.01% | 28.23% |
| Northwest Territories | $126,000.00 | $35,698.20 | $90,301.80 | 25.11% | 28.33% |
| Alberta | $126,000.00 | $36,117.34 | $89,882.66 | 25.45% | 28.66% |
| Ontario | $126,000.00 | $38,430.19 | $87,569.81 | 27.28% | 30.5% |
| Saskatchewan | $126,000.00 | $38,566.33 | $87,433.67 | 27.39% | 30.61% |
| Newfoundland and Labrador | $126,000.00 | $41,386.34 | $84,613.66 | 29.63% | 32.85% |
| New Brunswick | $126,000.00 | $41,556.76 | $84,443.24 | 29.76% | 32.98% |
| Manitoba | $126,000.00 | $42,225.70 | $83,774.30 | 30.29% | 33.51% |
| Prince Edward Island | $126,000.00 | $42,739.50 | $83,260.50 | 30.7% | 33.92% |
| Nova Scotia | $126,000.00 | $43,194.84 | $82,805.16 | 31.06% | 34.28% |
| Quebec | $126,000.00 | $44,656.25 | $81,343.75 | 31.86% | 35.44% |
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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