2021 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$122,850.00
Salary
$122,850.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$37,062.79
Federal Tax
$20,984.85
Provincial Tax
$12,021.95
CPP Contributions
$3,166.45
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$889.54
Net Pay
$85,787.21
Marginal Tax Rate
43.41%
Average Tax Rate
26.87%
Comprehensive Deduction Rate
30.17%
Monthly Salary
Total Income
$10,237.50
Salary
$10,237.50
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$3,088.57
Federal Tax
$1,748.74
Provincial Tax
$1,001.83
CPP Contributions
$263.87
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$74.13
Net Pay
$7,148.93
Marginal Tax Rate
43.41%
Average Tax Rate
26.87%
Comprehensive Deduction Rate
30.17%
Biweekly Salary
Total Income
$4,725.00
Salary
$4,725.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,425.49
Federal Tax
$807.11
Provincial Tax
$462.38
CPP Contributions
$121.79
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$34.21
Net Pay
$3,299.51
Marginal Tax Rate
43.41%
Average Tax Rate
26.87%
Comprehensive Deduction Rate
30.17%
Weekly Salary
Total Income
$2,362.50
Salary
$2,362.50
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$712.75
Federal Tax
$403.55
Provincial Tax
$231.19
CPP Contributions
$60.89
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$17.11
Net Pay
$1,649.75
Marginal Tax Rate
43.41%
Average Tax Rate
26.87%
Comprehensive Deduction Rate
30.17%
Daily Salary
Total Income
$472.50
Salary
$472.50
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$142.55
Federal Tax
$80.71
Provincial Tax
$46.24
CPP Contributions
$12.18
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$3.42
Net Pay
$329.95
Marginal Tax Rate
43.41%
Average Tax Rate
26.87%
Comprehensive Deduction Rate
30.17%
Hourly Salary
Total Income
$63.00
Salary
$63.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$19.01
Federal Tax
$10.76
Provincial Tax
$6.17
CPP Contributions
$1.62
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.46
Net Pay
$43.99
Marginal Tax Rate
43.41%
Average Tax Rate
26.87%
Comprehensive Deduction Rate
30.17%
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
$122,850.00
Total Deductions
$32,004.42
Net Pay
$90,845.58
Average Tax Rate
22.75%
Comprehensive Deduction Rate
26.05%
Total Income
$122,850.00
Total Deductions
$34,071.52
Net Pay
$88,778.48
Average Tax Rate
24.43%
Comprehensive Deduction Rate
27.73%
Total Income
$122,850.00
Total Deductions
$34,289.42
Net Pay
$88,560.58
Average Tax Rate
24.61%
Comprehensive Deduction Rate
27.91%
Total Income
$122,850.00
Total Deductions
$34,494.90
Net Pay
$88,355.10
Average Tax Rate
24.78%
Comprehensive Deduction Rate
28.08%
Total Income
$122,850.00
Total Deductions
$34,983.34
Net Pay
$87,866.66
Average Tax Rate
25.17%
Comprehensive Deduction Rate
28.48%
Total Income
$122,850.00
Total Deductions
$37,062.79
Net Pay
$85,787.21
Average Tax Rate
26.87%
Comprehensive Deduction Rate
30.17%
Total Income
$122,850.00
Total Deductions
$37,353.58
Net Pay
$85,496.42
Average Tax Rate
27.1%
Comprehensive Deduction Rate
30.41%
Total Income
$122,850.00
Total Deductions
$40,069.64
Net Pay
$82,780.36
Average Tax Rate
29.32%
Comprehensive Deduction Rate
32.62%
Total Income
$122,850.00
Total Deductions
$40,217.38
Net Pay
$82,632.62
Average Tax Rate
29.44%
Comprehensive Deduction Rate
32.74%
Total Income
$122,850.00
Total Deductions
$40,858.60
Net Pay
$81,991.40
Average Tax Rate
29.96%
Comprehensive Deduction Rate
33.26%
Total Income
$122,850.00
Total Deductions
$41,341.85
Net Pay
$81,508.15
Average Tax Rate
30.35%
Comprehensive Deduction Rate
33.65%
Total Income
$122,850.00
Total Deductions
$41,824.59
Net Pay
$81,025.41
Average Tax Rate
30.74%
Comprehensive Deduction Rate
34.05%
Total Income
$122,850.00
Total Deductions
$43,161.27
Net Pay
$79,688.73
Average Tax Rate
31.46%
Comprehensive Deduction Rate
35.13%
| Region | Total Income | Total Deductions | Net Pay | Avg. Tax Rate | Comp. Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $122,850.00 | $32,004.42 | $90,845.58 | 22.75% | 26.05% |
| Yukon | $122,850.00 | $34,071.52 | $88,778.48 | 24.43% | 27.73% |
| British Columbia | $122,850.00 | $34,289.42 | $88,560.58 | 24.61% | 27.91% |
| Northwest Territories | $122,850.00 | $34,494.90 | $88,355.10 | 24.78% | 28.08% |
| Alberta | $122,850.00 | $34,983.34 | $87,866.66 | 25.17% | 28.48% |
| Ontario | $122,850.00 | $37,062.79 | $85,787.21 | 26.87% | 30.17% |
| Saskatchewan | $122,850.00 | $37,353.58 | $85,496.42 | 27.1% | 30.41% |
| Newfoundland and Labrador | $122,850.00 | $40,069.64 | $82,780.36 | 29.32% | 32.62% |
| New Brunswick | $122,850.00 | $40,217.38 | $82,632.62 | 29.44% | 32.74% |
| Manitoba | $122,850.00 | $40,858.60 | $81,991.40 | 29.96% | 33.26% |
| Prince Edward Island | $122,850.00 | $41,341.85 | $81,508.15 | 30.35% | 33.65% |
| Nova Scotia | $122,850.00 | $41,824.59 | $81,025.41 | 30.74% | 34.05% |
| Quebec | $122,850.00 | $43,161.27 | $79,688.73 | 31.46% | 35.13% |
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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