2021 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$198,000.00
Salary
$198,000.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$71,813.91
Federal Tax
$41,903.85
Provincial Tax
$25,854.07
CPP Contributions
$3,166.45
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$889.54
Net Pay
$126,186.09
Marginal Tax Rate
47.97%
Average Tax Rate
34.22%
Comprehensive Deduction Rate
36.27%
Monthly Salary
Total Income
$16,500.00
Salary
$16,500.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$5,984.49
Federal Tax
$3,491.99
Provincial Tax
$2,154.51
CPP Contributions
$263.87
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$74.13
Net Pay
$10,515.51
Marginal Tax Rate
47.97%
Average Tax Rate
34.22%
Comprehensive Deduction Rate
36.27%
Biweekly Salary
Total Income
$7,615.38
Salary
$7,615.38
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$2,762.07
Federal Tax
$1,611.69
Provincial Tax
$994.39
CPP Contributions
$121.79
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$34.21
Net Pay
$4,853.31
Marginal Tax Rate
47.97%
Average Tax Rate
34.22%
Comprehensive Deduction Rate
36.27%
Weekly Salary
Total Income
$3,807.69
Salary
$3,807.69
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,381.04
Federal Tax
$805.84
Provincial Tax
$497.19
CPP Contributions
$60.89
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$17.11
Net Pay
$2,426.66
Marginal Tax Rate
47.97%
Average Tax Rate
34.22%
Comprehensive Deduction Rate
36.27%
Daily Salary
Total Income
$761.54
Salary
$761.54
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$276.21
Federal Tax
$161.17
Provincial Tax
$99.44
CPP Contributions
$12.18
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$3.42
Net Pay
$485.33
Marginal Tax Rate
47.97%
Average Tax Rate
34.22%
Comprehensive Deduction Rate
36.27%
Hourly Salary
Total Income
$101.54
Salary
$101.54
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$36.83
Federal Tax
$21.49
Provincial Tax
$13.26
CPP Contributions
$1.62
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.46
Net Pay
$64.71
Marginal Tax Rate
47.97%
Average Tax Rate
34.22%
Comprehensive Deduction Rate
36.27%
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
$198,000.00
Total Deductions
$60,837.92
Net Pay
$137,162.08
Average Tax Rate
28.68%
Comprehensive Deduction Rate
30.73%
Total Income
$198,000.00
Total Deductions
$64,055.87
Net Pay
$133,944.13
Average Tax Rate
30.3%
Comprehensive Deduction Rate
32.35%
Total Income
$198,000.00
Total Deductions
$65,158.34
Net Pay
$132,841.66
Average Tax Rate
30.86%
Comprehensive Deduction Rate
32.91%
Total Income
$198,000.00
Total Deductions
$65,574.20
Net Pay
$132,425.80
Average Tax Rate
31.07%
Comprehensive Deduction Rate
33.12%
Total Income
$198,000.00
Total Deductions
$67,064.47
Net Pay
$130,935.53
Average Tax Rate
31.82%
Comprehensive Deduction Rate
33.87%
Total Income
$198,000.00
Total Deductions
$69,016.33
Net Pay
$128,983.67
Average Tax Rate
32.81%
Comprehensive Deduction Rate
34.86%
Total Income
$198,000.00
Total Deductions
$71,813.91
Net Pay
$126,186.09
Average Tax Rate
34.22%
Comprehensive Deduction Rate
36.27%
Total Income
$198,000.00
Total Deductions
$73,869.34
Net Pay
$124,130.66
Average Tax Rate
35.26%
Comprehensive Deduction Rate
37.31%
Total Income
$198,000.00
Total Deductions
$74,853.70
Net Pay
$123,146.30
Average Tax Rate
35.76%
Comprehensive Deduction Rate
37.8%
Total Income
$198,000.00
Total Deductions
$75,159.56
Net Pay
$122,840.44
Average Tax Rate
35.91%
Comprehensive Deduction Rate
37.96%
Total Income
$198,000.00
Total Deductions
$76,065.90
Net Pay
$121,934.10
Average Tax Rate
36.37%
Comprehensive Deduction Rate
38.42%
Total Income
$198,000.00
Total Deductions
$77,574.84
Net Pay
$120,425.16
Average Tax Rate
37.13%
Comprehensive Deduction Rate
39.18%
Total Income
$198,000.00
Total Deductions
$79,979.75
Net Pay
$118,020.25
Average Tax Rate
38.11%
Comprehensive Deduction Rate
40.39%
| Region | Total Income | Total Deductions | Net Pay | Avg. Tax Rate | Comp. Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $198,000.00 | $60,837.92 | $137,162.08 | 28.68% | 30.73% |
| Yukon | $198,000.00 | $64,055.87 | $133,944.13 | 30.3% | 32.35% |
| Alberta | $198,000.00 | $65,158.34 | $132,841.66 | 30.86% | 32.91% |
| Northwest Territories | $198,000.00 | $65,574.20 | $132,425.80 | 31.07% | 33.12% |
| British Columbia | $198,000.00 | $67,064.47 | $130,935.53 | 31.82% | 33.87% |
| Saskatchewan | $198,000.00 | $69,016.33 | $128,983.67 | 32.81% | 34.86% |
| Ontario | $198,000.00 | $71,813.91 | $126,186.09 | 34.22% | 36.27% |
| Newfoundland and Labrador | $198,000.00 | $73,869.34 | $124,130.66 | 35.26% | 37.31% |
| Manitoba | $198,000.00 | $74,853.70 | $123,146.30 | 35.76% | 37.8% |
| New Brunswick | $198,000.00 | $75,159.56 | $122,840.44 | 35.91% | 37.96% |
| Prince Edward Island | $198,000.00 | $76,065.90 | $121,934.10 | 36.37% | 38.42% |
| Nova Scotia | $198,000.00 | $77,574.84 | $120,425.16 | 37.13% | 39.18% |
| Quebec | $198,000.00 | $79,979.75 | $118,020.25 | 38.11% | 40.39% |
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 $16,500+/month
Joanne Romas & Associates
Waterloo, ON • Remote
$165,000 - $218,000 / year
Permanent
30 days ago
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