2021 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$123,000.00
Salary
$123,000.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$37,127.91
Federal Tax
$21,023.85
Provincial Tax
$12,048.07
CPP Contributions
$3,166.45
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$889.54
Net Pay
$85,872.09
Marginal Tax Rate
43.41%
Average Tax Rate
26.89%
Comprehensive Deduction Rate
30.19%
Monthly Salary
Total Income
$10,250.00
Salary
$10,250.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$3,093.99
Federal Tax
$1,751.99
Provincial Tax
$1,004.01
CPP Contributions
$263.87
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$74.13
Net Pay
$7,156.01
Marginal Tax Rate
43.41%
Average Tax Rate
26.89%
Comprehensive Deduction Rate
30.19%
Biweekly Salary
Total Income
$4,730.77
Salary
$4,730.77
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,428.00
Federal Tax
$808.61
Provincial Tax
$463.39
CPP Contributions
$121.79
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$34.21
Net Pay
$3,302.77
Marginal Tax Rate
43.41%
Average Tax Rate
26.89%
Comprehensive Deduction Rate
30.19%
Weekly Salary
Total Income
$2,365.38
Salary
$2,365.38
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$714.00
Federal Tax
$404.30
Provincial Tax
$231.69
CPP Contributions
$60.89
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$17.11
Net Pay
$1,651.39
Marginal Tax Rate
43.41%
Average Tax Rate
26.89%
Comprehensive Deduction Rate
30.19%
Daily Salary
Total Income
$473.08
Salary
$473.08
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$142.80
Federal Tax
$80.86
Provincial Tax
$46.34
CPP Contributions
$12.18
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$3.42
Net Pay
$330.28
Marginal Tax Rate
43.41%
Average Tax Rate
26.89%
Comprehensive Deduction Rate
30.19%
Hourly Salary
Total Income
$63.08
Salary
$63.08
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$19.04
Federal Tax
$10.78
Provincial Tax
$6.18
CPP Contributions
$1.62
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.46
Net Pay
$44.04
Marginal Tax Rate
43.41%
Average Tax Rate
26.89%
Comprehensive Deduction Rate
30.19%
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
$123,000.00
Total Deductions
$32,056.92
Net Pay
$90,943.08
Average Tax Rate
22.76%
Comprehensive Deduction Rate
26.06%
Total Income
$123,000.00
Total Deductions
$34,126.87
Net Pay
$88,873.13
Average Tax Rate
24.45%
Comprehensive Deduction Rate
27.75%
Total Income
$123,000.00
Total Deductions
$34,350.47
Net Pay
$88,649.53
Average Tax Rate
24.63%
Comprehensive Deduction Rate
27.93%
Total Income
$123,000.00
Total Deductions
$34,552.20
Net Pay
$88,447.80
Average Tax Rate
24.79%
Comprehensive Deduction Rate
28.09%
Total Income
$123,000.00
Total Deductions
$35,037.34
Net Pay
$87,962.66
Average Tax Rate
25.19%
Comprehensive Deduction Rate
28.49%
Total Income
$123,000.00
Total Deductions
$37,127.91
Net Pay
$85,872.09
Average Tax Rate
26.89%
Comprehensive Deduction Rate
30.19%
Total Income
$123,000.00
Total Deductions
$37,411.33
Net Pay
$85,588.67
Average Tax Rate
27.12%
Comprehensive Deduction Rate
30.42%
Total Income
$123,000.00
Total Deductions
$40,132.34
Net Pay
$82,867.66
Average Tax Rate
29.33%
Comprehensive Deduction Rate
32.63%
Total Income
$123,000.00
Total Deductions
$40,281.16
Net Pay
$82,718.84
Average Tax Rate
29.45%
Comprehensive Deduction Rate
32.75%
Total Income
$123,000.00
Total Deductions
$40,923.70
Net Pay
$82,076.30
Average Tax Rate
29.97%
Comprehensive Deduction Rate
33.27%
Total Income
$123,000.00
Total Deductions
$41,408.40
Net Pay
$81,591.60
Average Tax Rate
30.37%
Comprehensive Deduction Rate
33.67%
Total Income
$123,000.00
Total Deductions
$41,889.84
Net Pay
$81,110.16
Average Tax Rate
30.76%
Comprehensive Deduction Rate
34.06%
Total Income
$123,000.00
Total Deductions
$43,232.45
Net Pay
$79,767.55
Average Tax Rate
31.48%
Comprehensive Deduction Rate
35.15%
| Region | Total Income | Total Deductions | Net Pay | Avg. Tax Rate | Comp. Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $123,000.00 | $32,056.92 | $90,943.08 | 22.76% | 26.06% |
| Yukon | $123,000.00 | $34,126.87 | $88,873.13 | 24.45% | 27.75% |
| British Columbia | $123,000.00 | $34,350.47 | $88,649.53 | 24.63% | 27.93% |
| Northwest Territories | $123,000.00 | $34,552.20 | $88,447.80 | 24.79% | 28.09% |
| Alberta | $123,000.00 | $35,037.34 | $87,962.66 | 25.19% | 28.49% |
| Ontario | $123,000.00 | $37,127.91 | $85,872.09 | 26.89% | 30.19% |
| Saskatchewan | $123,000.00 | $37,411.33 | $85,588.67 | 27.12% | 30.42% |
| Newfoundland and Labrador | $123,000.00 | $40,132.34 | $82,867.66 | 29.33% | 32.63% |
| New Brunswick | $123,000.00 | $40,281.16 | $82,718.84 | 29.45% | 32.75% |
| Manitoba | $123,000.00 | $40,923.70 | $82,076.30 | 29.97% | 33.27% |
| Prince Edward Island | $123,000.00 | $41,408.40 | $81,591.60 | 30.37% | 33.67% |
| Nova Scotia | $123,000.00 | $41,889.84 | $81,110.16 | 30.76% | 34.06% |
| Quebec | $123,000.00 | $43,232.45 | $79,767.55 | 31.48% | 35.15% |
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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