2021 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$121,000.00
Salary
$121,000.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$36,259.71
Federal Tax
$20,503.85
Provincial Tax
$11,699.87
CPP Contributions
$3,166.45
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$889.54
Net Pay
$84,740.29
Marginal Tax Rate
43.41%
Average Tax Rate
26.61%
Comprehensive Deduction Rate
29.97%
Monthly Salary
Total Income
$10,083.33
Salary
$10,083.33
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$3,021.64
Federal Tax
$1,708.65
Provincial Tax
$974.99
CPP Contributions
$263.87
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$74.13
Net Pay
$7,061.69
Marginal Tax Rate
43.41%
Average Tax Rate
26.61%
Comprehensive Deduction Rate
29.97%
Biweekly Salary
Total Income
$4,653.85
Salary
$4,653.85
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,394.60
Federal Tax
$788.61
Provincial Tax
$450.00
CPP Contributions
$121.79
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$34.21
Net Pay
$3,259.24
Marginal Tax Rate
43.41%
Average Tax Rate
26.61%
Comprehensive Deduction Rate
29.97%
Weekly Salary
Total Income
$2,326.92
Salary
$2,326.92
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$697.30
Federal Tax
$394.30
Provincial Tax
$225.00
CPP Contributions
$60.89
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$17.11
Net Pay
$1,629.62
Marginal Tax Rate
43.41%
Average Tax Rate
26.61%
Comprehensive Deduction Rate
29.97%
Daily Salary
Total Income
$465.38
Salary
$465.38
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$139.46
Federal Tax
$78.86
Provincial Tax
$45.00
CPP Contributions
$12.18
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$3.42
Net Pay
$325.92
Marginal Tax Rate
43.41%
Average Tax Rate
26.61%
Comprehensive Deduction Rate
29.97%
Hourly Salary
Total Income
$62.05
Salary
$62.05
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$18.59
Federal Tax
$10.51
Provincial Tax
$6.00
CPP Contributions
$1.62
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.46
Net Pay
$43.46
Marginal Tax Rate
43.41%
Average Tax Rate
26.61%
Comprehensive Deduction Rate
29.97%
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
$121,000.00
Total Deductions
$31,356.92
Net Pay
$89,643.08
Average Tax Rate
22.56%
Comprehensive Deduction Rate
25.91%
Total Income
$121,000.00
Total Deductions
$33,388.87
Net Pay
$87,611.13
Average Tax Rate
24.24%
Comprehensive Deduction Rate
27.59%
Total Income
$121,000.00
Total Deductions
$33,536.47
Net Pay
$87,463.53
Average Tax Rate
24.36%
Comprehensive Deduction Rate
27.72%
Total Income
$121,000.00
Total Deductions
$33,788.20
Net Pay
$87,211.80
Average Tax Rate
24.57%
Comprehensive Deduction Rate
27.92%
Total Income
$121,000.00
Total Deductions
$34,317.34
Net Pay
$86,682.66
Average Tax Rate
25.01%
Comprehensive Deduction Rate
28.36%
Total Income
$121,000.00
Total Deductions
$36,259.71
Net Pay
$84,740.29
Average Tax Rate
26.61%
Comprehensive Deduction Rate
29.97%
Total Income
$121,000.00
Total Deductions
$36,641.33
Net Pay
$84,358.67
Average Tax Rate
26.93%
Comprehensive Deduction Rate
30.28%
Total Income
$121,000.00
Total Deductions
$39,296.34
Net Pay
$81,703.66
Average Tax Rate
29.12%
Comprehensive Deduction Rate
32.48%
Total Income
$121,000.00
Total Deductions
$39,430.76
Net Pay
$81,569.24
Average Tax Rate
29.24%
Comprehensive Deduction Rate
32.59%
Total Income
$121,000.00
Total Deductions
$40,055.70
Net Pay
$80,944.30
Average Tax Rate
29.75%
Comprehensive Deduction Rate
33.1%
Total Income
$121,000.00
Total Deductions
$40,521.00
Net Pay
$80,479.00
Average Tax Rate
30.14%
Comprehensive Deduction Rate
33.49%
Total Income
$121,000.00
Total Deductions
$41,019.84
Net Pay
$79,980.16
Average Tax Rate
30.55%
Comprehensive Deduction Rate
33.9%
Total Income
$121,000.00
Total Deductions
$42,283.25
Net Pay
$78,716.75
Average Tax Rate
31.21%
Comprehensive Deduction Rate
34.94%
| Region | Total Income | Total Deductions | Net Pay | Avg. Tax Rate | Comp. Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $121,000.00 | $31,356.92 | $89,643.08 | 22.56% | 25.91% |
| Yukon | $121,000.00 | $33,388.87 | $87,611.13 | 24.24% | 27.59% |
| British Columbia | $121,000.00 | $33,536.47 | $87,463.53 | 24.36% | 27.72% |
| Northwest Territories | $121,000.00 | $33,788.20 | $87,211.80 | 24.57% | 27.92% |
| Alberta | $121,000.00 | $34,317.34 | $86,682.66 | 25.01% | 28.36% |
| Ontario | $121,000.00 | $36,259.71 | $84,740.29 | 26.61% | 29.97% |
| Saskatchewan | $121,000.00 | $36,641.33 | $84,358.67 | 26.93% | 30.28% |
| Newfoundland and Labrador | $121,000.00 | $39,296.34 | $81,703.66 | 29.12% | 32.48% |
| New Brunswick | $121,000.00 | $39,430.76 | $81,569.24 | 29.24% | 32.59% |
| Manitoba | $121,000.00 | $40,055.70 | $80,944.30 | 29.75% | 33.1% |
| Prince Edward Island | $121,000.00 | $40,521.00 | $80,479.00 | 30.14% | 33.49% |
| Nova Scotia | $121,000.00 | $41,019.84 | $79,980.16 | 30.55% | 33.9% |
| Quebec | $121,000.00 | $42,283.25 | $78,716.75 | 31.21% | 34.94% |
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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