2021 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$120,900.00
Salary
$120,900.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$36,216.31
Federal Tax
$20,477.85
Provincial Tax
$11,682.47
CPP Contributions
$3,166.45
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$889.54
Net Pay
$84,683.69
Marginal Tax Rate
43.4%
Average Tax Rate
26.6%
Comprehensive Deduction Rate
29.96%
Monthly Salary
Total Income
$10,075.00
Salary
$10,075.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$3,018.03
Federal Tax
$1,706.49
Provincial Tax
$973.54
CPP Contributions
$263.87
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$74.13
Net Pay
$7,056.97
Marginal Tax Rate
43.4%
Average Tax Rate
26.6%
Comprehensive Deduction Rate
29.96%
Biweekly Salary
Total Income
$4,650.00
Salary
$4,650.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,392.94
Federal Tax
$787.61
Provincial Tax
$449.33
CPP Contributions
$121.79
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$34.21
Net Pay
$3,257.07
Marginal Tax Rate
43.4%
Average Tax Rate
26.6%
Comprehensive Deduction Rate
29.96%
Weekly Salary
Total Income
$2,325.00
Salary
$2,325.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$696.47
Federal Tax
$393.80
Provincial Tax
$224.66
CPP Contributions
$60.89
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$17.11
Net Pay
$1,628.53
Marginal Tax Rate
43.4%
Average Tax Rate
26.6%
Comprehensive Deduction Rate
29.96%
Daily Salary
Total Income
$465.00
Salary
$465.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$139.29
Federal Tax
$78.76
Provincial Tax
$44.93
CPP Contributions
$12.18
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$3.42
Net Pay
$325.71
Marginal Tax Rate
43.4%
Average Tax Rate
26.6%
Comprehensive Deduction Rate
29.96%
Hourly Salary
Total Income
$62.00
Salary
$62.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$18.57
Federal Tax
$10.50
Provincial Tax
$5.99
CPP Contributions
$1.62
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.46
Net Pay
$43.43
Marginal Tax Rate
43.4%
Average Tax Rate
26.6%
Comprehensive Deduction Rate
29.96%
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
$120,900.00
Total Deductions
$31,321.92
Net Pay
$89,578.08
Average Tax Rate
22.55%
Comprehensive Deduction Rate
25.91%
Total Income
$120,900.00
Total Deductions
$33,351.97
Net Pay
$87,548.03
Average Tax Rate
24.23%
Comprehensive Deduction Rate
27.59%
Total Income
$120,900.00
Total Deductions
$33,495.77
Net Pay
$87,404.23
Average Tax Rate
24.35%
Comprehensive Deduction Rate
27.71%
Total Income
$120,900.00
Total Deductions
$33,750.00
Net Pay
$87,150.00
Average Tax Rate
24.56%
Comprehensive Deduction Rate
27.92%
Total Income
$120,900.00
Total Deductions
$34,281.34
Net Pay
$86,618.66
Average Tax Rate
25%
Comprehensive Deduction Rate
28.36%
Total Income
$120,900.00
Total Deductions
$36,216.31
Net Pay
$84,683.69
Average Tax Rate
26.6%
Comprehensive Deduction Rate
29.96%
Total Income
$120,900.00
Total Deductions
$36,602.83
Net Pay
$84,297.17
Average Tax Rate
26.92%
Comprehensive Deduction Rate
30.28%
Total Income
$120,900.00
Total Deductions
$39,254.54
Net Pay
$81,645.46
Average Tax Rate
29.11%
Comprehensive Deduction Rate
32.47%
Total Income
$120,900.00
Total Deductions
$39,388.24
Net Pay
$81,511.76
Average Tax Rate
29.22%
Comprehensive Deduction Rate
32.58%
Total Income
$120,900.00
Total Deductions
$40,012.30
Net Pay
$80,887.70
Average Tax Rate
29.74%
Comprehensive Deduction Rate
33.1%
Total Income
$120,900.00
Total Deductions
$40,476.63
Net Pay
$80,423.37
Average Tax Rate
30.12%
Comprehensive Deduction Rate
33.48%
Total Income
$120,900.00
Total Deductions
$40,976.34
Net Pay
$79,923.66
Average Tax Rate
30.54%
Comprehensive Deduction Rate
33.89%
Total Income
$120,900.00
Total Deductions
$42,235.79
Net Pay
$78,664.21
Average Tax Rate
31.2%
Comprehensive Deduction Rate
34.93%
| Region | Total Income | Total Deductions | Net Pay | Avg. Tax Rate | Comp. Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $120,900.00 | $31,321.92 | $89,578.08 | 22.55% | 25.91% |
| Yukon | $120,900.00 | $33,351.97 | $87,548.03 | 24.23% | 27.59% |
| British Columbia | $120,900.00 | $33,495.77 | $87,404.23 | 24.35% | 27.71% |
| Northwest Territories | $120,900.00 | $33,750.00 | $87,150.00 | 24.56% | 27.92% |
| Alberta | $120,900.00 | $34,281.34 | $86,618.66 | 25% | 28.36% |
| Ontario | $120,900.00 | $36,216.31 | $84,683.69 | 26.6% | 29.96% |
| Saskatchewan | $120,900.00 | $36,602.83 | $84,297.17 | 26.92% | 30.28% |
| Newfoundland and Labrador | $120,900.00 | $39,254.54 | $81,645.46 | 29.11% | 32.47% |
| New Brunswick | $120,900.00 | $39,388.24 | $81,511.76 | 29.22% | 32.58% |
| Manitoba | $120,900.00 | $40,012.30 | $80,887.70 | 29.74% | 33.1% |
| Prince Edward Island | $120,900.00 | $40,476.63 | $80,423.37 | 30.12% | 33.48% |
| Nova Scotia | $120,900.00 | $40,976.34 | $79,923.66 | 30.54% | 33.89% |
| Quebec | $120,900.00 | $42,235.79 | $78,664.21 | 31.2% | 34.93% |
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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