Job Title or Location
RECENT SEARCHES

2021 Ontario Income Tax Calculator

Calculate your take-home pay after tax.

Your Results

Yearly Salary
Total Income $240,000.00
Salary $240,000.00
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $93,363.14
Federal Tax $55,023.85
Provincial Tax $34,283.30
CPP Contributions $3,166.45
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $889.54
Net Pay $146,636.86
Marginal Tax Rate 53.53%
Average Tax Rate 37.21%
Comprehensive Deduction Rate 38.9%
$240,000.00 a year is how much per hour?
What is the minimum wage in Ontario in 2025?
Monthly Salary
Total Income $20,000.00
Salary $20,000.00
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $7,780.26
Federal Tax $4,585.32
Provincial Tax $2,856.94
CPP Contributions $263.87
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $74.13
Net Pay $12,219.74
Marginal Tax Rate 53.53%
Average Tax Rate 37.21%
Comprehensive Deduction Rate 38.9%
$20,000.00 a month is how much per year?
What is the minimum wage in Ontario in 2025?
Biweekly Salary
Total Income $9,230.77
Salary $9,230.77
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $3,590.89
Federal Tax $2,116.30
Provincial Tax $1,318.59
CPP Contributions $121.79
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $34.21
Net Pay $5,639.88
Marginal Tax Rate 53.53%
Average Tax Rate 37.21%
Comprehensive Deduction Rate 38.9%
$9,230.77 per two weeks is how much per year?
What is the minimum wage in Ontario in 2025?
Weekly Salary
Total Income $4,615.38
Salary $4,615.38
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $1,795.45
Federal Tax $1,058.15
Provincial Tax $659.29
CPP Contributions $60.89
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $17.11
Net Pay $2,819.94
Marginal Tax Rate 53.53%
Average Tax Rate 37.21%
Comprehensive Deduction Rate 38.9%
$4,615.38 a week is how much per year?
What is the minimum wage in Ontario in 2025?
Daily Salary
Total Income $923.08
Salary $923.08
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $359.09
Federal Tax $211.63
Provincial Tax $131.86
CPP Contributions $12.18
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $3.42
Net Pay $563.99
Marginal Tax Rate 53.53%
Average Tax Rate 37.21%
Comprehensive Deduction Rate 38.9%
$923.08 a day is how much per year?
What is the minimum wage in Ontario in 2025?
Hourly Salary
Total Income $123.08
Salary $123.08
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $47.88
Federal Tax $28.22
Provincial Tax $17.58
CPP Contributions $1.62
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $0.46
Net Pay $75.20
Marginal Tax Rate 53.53%
Average Tax Rate 37.21%
Comprehensive Deduction Rate 38.9%
$123.08 an hour is how much per year?
What is the minimum wage in Ontario in 2025?

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 $240,000.00
Total Deductions $78,787.92
Net Pay $161,212.08
Average Tax Rate 31.14%
Comprehensive Deduction Rate 32.83%
Total Income $240,000.00
Total Deductions $82,551.87
Net Pay $157,448.13
Average Tax Rate 32.71%
Comprehensive Deduction Rate 34.4%
Total Income $240,000.00
Total Deductions $84,038.34
Net Pay $155,961.66
Average Tax Rate 33.33%
Comprehensive Deduction Rate 35.02%
Total Income $240,000.00
Total Deductions $84,595.20
Net Pay $155,404.80
Average Tax Rate 33.56%
Comprehensive Deduction Rate 35.25%
Total Income $240,000.00
Total Deductions $87,891.47
Net Pay $152,108.53
Average Tax Rate 34.93%
Comprehensive Deduction Rate 36.62%
Total Income $240,000.00
Total Deductions $88,226.33
Net Pay $151,773.67
Average Tax Rate 35.07%
Comprehensive Deduction Rate 36.76%
Total Income $240,000.00
Total Deductions $93,363.14
Net Pay $146,636.86
Average Tax Rate 37.21%
Comprehensive Deduction Rate 38.9%
Total Income $240,000.00
Total Deductions $94,675.34
Net Pay $145,324.66
Average Tax Rate 37.76%
Comprehensive Deduction Rate 39.45%
Total Income $240,000.00
Total Deductions $95,281.70
Net Pay $144,718.30
Average Tax Rate 38.01%
Comprehensive Deduction Rate 39.7%
Total Income $240,000.00
Total Deductions $96,805.56
Net Pay $143,194.44
Average Tax Rate 38.65%
Comprehensive Deduction Rate 40.34%
Total Income $240,000.00
Total Deductions $96,901.30
Net Pay $143,098.70
Average Tax Rate 38.69%
Comprehensive Deduction Rate 40.38%
Total Income $240,000.00
Total Deductions $99,514.84
Net Pay $140,485.16
Average Tax Rate 39.77%
Comprehensive Deduction Rate 41.46%
Total Income $240,000.00
Total Deductions $101,749.95
Net Pay $138,250.05
Average Tax Rate 40.52%
Comprehensive Deduction Rate 42.4%
Region Total Income Total Deductions Net Pay Avg. Tax Rate Comp. Deduction Rate
Nunavut $240,000.00 $78,787.92 $161,212.08 31.14% 32.83%
Yukon $240,000.00 $82,551.87 $157,448.13 32.71% 34.4%
Alberta $240,000.00 $84,038.34 $155,961.66 33.33% 35.02%
Northwest Territories $240,000.00 $84,595.20 $155,404.80 33.56% 35.25%
British Columbia $240,000.00 $87,891.47 $152,108.53 34.93% 36.62%
Saskatchewan $240,000.00 $88,226.33 $151,773.67 35.07% 36.76%
Ontario $240,000.00 $93,363.14 $146,636.86 37.21% 38.9%
Newfoundland and Labrador $240,000.00 $94,675.34 $145,324.66 37.76% 39.45%
Manitoba $240,000.00 $95,281.70 $144,718.30 38.01% 39.7%
New Brunswick $240,000.00 $96,805.56 $143,194.44 38.65% 40.34%
Prince Edward Island $240,000.00 $96,901.30 $143,098.70 38.69% 40.38%
Nova Scotia $240,000.00 $99,514.84 $140,485.16 39.77% 41.46%
Quebec $240,000.00 $101,749.95 $138,250.05 40.52% 42.4%
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.