2021 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$200,000.00
Salary
$200,000.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$72,773.30
Federal Tax
$42,483.85
Provincial Tax
$26,233.46
CPP Contributions
$3,166.45
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$889.54
Net Pay
$127,226.70
Marginal Tax Rate
72.97%
Average Tax Rate
34.36%
Comprehensive Deduction Rate
36.39%
Monthly Salary
Total Income
$16,666.67
Salary
$16,666.67
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$6,064.44
Federal Tax
$3,540.32
Provincial Tax
$2,186.12
CPP Contributions
$263.87
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$74.13
Net Pay
$10,602.23
Marginal Tax Rate
72.97%
Average Tax Rate
34.36%
Comprehensive Deduction Rate
36.39%
Biweekly Salary
Total Income
$7,692.31
Salary
$7,692.31
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$2,798.97
Federal Tax
$1,633.99
Provincial Tax
$1,008.98
CPP Contributions
$121.79
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$34.21
Net Pay
$4,893.33
Marginal Tax Rate
72.97%
Average Tax Rate
34.36%
Comprehensive Deduction Rate
36.39%
Weekly Salary
Total Income
$3,846.15
Salary
$3,846.15
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,399.49
Federal Tax
$817.00
Provincial Tax
$504.49
CPP Contributions
$60.89
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$17.11
Net Pay
$2,446.67
Marginal Tax Rate
72.97%
Average Tax Rate
34.36%
Comprehensive Deduction Rate
36.39%
Daily Salary
Total Income
$769.23
Salary
$769.23
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$279.90
Federal Tax
$163.40
Provincial Tax
$100.90
CPP Contributions
$12.18
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$3.42
Net Pay
$489.33
Marginal Tax Rate
72.97%
Average Tax Rate
34.36%
Comprehensive Deduction Rate
36.39%
Hourly Salary
Total Income
$102.56
Salary
$102.56
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$37.32
Federal Tax
$21.79
Provincial Tax
$13.45
CPP Contributions
$1.62
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.46
Net Pay
$65.24
Marginal Tax Rate
72.97%
Average Tax Rate
34.36%
Comprehensive Deduction Rate
36.39%
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
$200,000.00
Total Deductions
$61,647.92
Net Pay
$138,352.08
Average Tax Rate
28.8%
Comprehensive Deduction Rate
30.82%
Total Income
$200,000.00
Total Deductions
$64,891.87
Net Pay
$135,108.13
Average Tax Rate
30.42%
Comprehensive Deduction Rate
32.45%
Total Income
$200,000.00
Total Deductions
$65,998.34
Net Pay
$134,001.66
Average Tax Rate
30.97%
Comprehensive Deduction Rate
33%
Total Income
$200,000.00
Total Deductions
$66,435.20
Net Pay
$133,564.80
Average Tax Rate
31.19%
Comprehensive Deduction Rate
33.22%
Total Income
$200,000.00
Total Deductions
$67,980.47
Net Pay
$132,019.53
Average Tax Rate
31.96%
Comprehensive Deduction Rate
33.99%
Total Income
$200,000.00
Total Deductions
$69,886.33
Net Pay
$130,113.67
Average Tax Rate
32.92%
Comprehensive Deduction Rate
34.94%
Total Income
$200,000.00
Total Deductions
$72,773.30
Net Pay
$127,226.70
Average Tax Rate
34.36%
Comprehensive Deduction Rate
36.39%
Total Income
$200,000.00
Total Deductions
$74,815.34
Net Pay
$125,184.66
Average Tax Rate
35.38%
Comprehensive Deduction Rate
37.41%
Total Income
$200,000.00
Total Deductions
$75,781.70
Net Pay
$124,218.30
Average Tax Rate
35.86%
Comprehensive Deduction Rate
37.89%
Total Income
$200,000.00
Total Deductions
$76,145.56
Net Pay
$123,854.44
Average Tax Rate
36.04%
Comprehensive Deduction Rate
38.07%
Total Income
$200,000.00
Total Deductions
$77,013.30
Net Pay
$122,986.70
Average Tax Rate
36.48%
Comprehensive Deduction Rate
38.51%
Total Income
$200,000.00
Total Deductions
$78,574.84
Net Pay
$121,425.16
Average Tax Rate
37.26%
Comprehensive Deduction Rate
39.29%
Total Income
$200,000.00
Total Deductions
$80,979.05
Net Pay
$119,020.95
Average Tax Rate
38.23%
Comprehensive Deduction Rate
40.49%
| Region | Total Income | Total Deductions | Net Pay | Avg. Tax Rate | Comp. Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $200,000.00 | $61,647.92 | $138,352.08 | 28.8% | 30.82% |
| Yukon | $200,000.00 | $64,891.87 | $135,108.13 | 30.42% | 32.45% |
| Alberta | $200,000.00 | $65,998.34 | $134,001.66 | 30.97% | 33% |
| Northwest Territories | $200,000.00 | $66,435.20 | $133,564.80 | 31.19% | 33.22% |
| British Columbia | $200,000.00 | $67,980.47 | $132,019.53 | 31.96% | 33.99% |
| Saskatchewan | $200,000.00 | $69,886.33 | $130,113.67 | 32.92% | 34.94% |
| Ontario | $200,000.00 | $72,773.30 | $127,226.70 | 34.36% | 36.39% |
| Newfoundland and Labrador | $200,000.00 | $74,815.34 | $125,184.66 | 35.38% | 37.41% |
| Manitoba | $200,000.00 | $75,781.70 | $124,218.30 | 35.86% | 37.89% |
| New Brunswick | $200,000.00 | $76,145.56 | $123,854.44 | 36.04% | 38.07% |
| Prince Edward Island | $200,000.00 | $77,013.30 | $122,986.70 | 36.48% | 38.51% |
| Nova Scotia | $200,000.00 | $78,574.84 | $121,425.16 | 37.26% | 39.29% |
| Quebec | $200,000.00 | $80,979.05 | $119,020.95 | 38.23% | 40.49% |
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 $200,000+/year
Joanne Romas & Associates
Waterloo, ON • Remote
$165,000 - $218,000 / year
Permanent
30 days ago
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