2022 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$40,000.00
Salary
$40,000.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$7,764.34
Federal Tax
$3,281.44
Provincial Tax
$1,770.40
CPP Contributions
$2,080.50
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$632.00
Net Pay
$32,235.66
Marginal Tax Rate
18.7%
Average Tax Rate
12.63%
Comprehensive Deduction Rate
19.41%
Monthly Salary
Total Income
$3,333.33
Salary
$3,333.33
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$647.03
Federal Tax
$273.45
Provincial Tax
$147.53
CPP Contributions
$173.38
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$52.67
Net Pay
$2,686.31
Marginal Tax Rate
18.7%
Average Tax Rate
12.63%
Comprehensive Deduction Rate
19.41%
Biweekly Salary
Total Income
$1,538.46
Salary
$1,538.46
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$298.63
Federal Tax
$126.21
Provincial Tax
$68.09
CPP Contributions
$80.02
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$24.31
Net Pay
$1,239.83
Marginal Tax Rate
18.7%
Average Tax Rate
12.63%
Comprehensive Deduction Rate
19.41%
Weekly 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
$149.31
Federal Tax
$63.10
Provincial Tax
$34.05
CPP Contributions
$40.01
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$12.15
Net Pay
$619.92
Marginal Tax Rate
18.7%
Average Tax Rate
12.63%
Comprehensive Deduction Rate
19.41%
Daily Salary
Total Income
$153.85
Salary
$153.85
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$29.86
Federal Tax
$12.62
Provincial Tax
$6.81
CPP Contributions
$8.00
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$2.43
Net Pay
$123.98
Marginal Tax Rate
18.7%
Average Tax Rate
12.63%
Comprehensive Deduction Rate
19.41%
Hourly Salary
Total Income
$20.51
Salary
$20.51
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$3.98
Federal Tax
$1.68
Provincial Tax
$0.91
CPP Contributions
$1.07
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.32
Net Pay
$16.53
Marginal Tax Rate
18.7%
Average Tax Rate
12.63%
Comprehensive Deduction Rate
19.41%
Federal and Provincial/Territorial Tax Brackets
Your taxable income in the following tax brackets.
| Federal Tax Bracket | Federal Tax Rates |
|---|---|
| $50,197.00 or less | 15% |
| $50,197.00 - $100,391.99 | 20.5% |
| $100,392.00 - $155,624.99 | 26% |
| $155,625.00 - $221,707.99 | 29% |
| More than $221,708.00 | 33% |
| Ontario Tax Bracket | Ontario Tax Rates |
|---|---|
| $46,226.00 or less | 5.05% |
| $46,226.00 - $92,453.99 | 9.15% |
| $92,454.00 - $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
$40,000.00
Total Deductions
$6,810.96
Net Pay
$33,189.04
Average Tax Rate
10.25%
Comprehensive Deduction Rate
17.03%
Total Income
$40,000.00
Total Deductions
$7,272.97
Net Pay
$32,727.03
Average Tax Rate
11.4%
Comprehensive Deduction Rate
18.18%
Total Income
$40,000.00
Total Deductions
$7,308.81
Net Pay
$32,691.19
Average Tax Rate
11.49%
Comprehensive Deduction Rate
18.27%
Total Income
$40,000.00
Total Deductions
$7,376.50
Net Pay
$32,623.50
Average Tax Rate
11.66%
Comprehensive Deduction Rate
18.44%
Total Income
$40,000.00
Total Deductions
$7,764.34
Net Pay
$32,235.66
Average Tax Rate
12.63%
Comprehensive Deduction Rate
19.41%
Total Income
$40,000.00
Total Deductions
$7,785.79
Net Pay
$32,214.21
Average Tax Rate
12.68%
Comprehensive Deduction Rate
19.46%
Total Income
$40,000.00
Total Deductions
$8,164.55
Net Pay
$31,835.45
Average Tax Rate
13.63%
Comprehensive Deduction Rate
20.41%
Total Income
$40,000.00
Total Deductions
$8,397.28
Net Pay
$31,602.72
Average Tax Rate
14.21%
Comprehensive Deduction Rate
20.99%
Total Income
$40,000.00
Total Deductions
$8,434.09
Net Pay
$31,565.91
Average Tax Rate
14.3%
Comprehensive Deduction Rate
21.09%
Total Income
$40,000.00
Total Deductions
$8,866.61
Net Pay
$31,133.39
Average Tax Rate
15.39%
Comprehensive Deduction Rate
22.17%
Total Income
$40,000.00
Total Deductions
$8,982.44
Net Pay
$31,017.56
Average Tax Rate
15.67%
Comprehensive Deduction Rate
22.46%
Total Income
$40,000.00
Total Deductions
$8,995.08
Net Pay
$31,004.92
Average Tax Rate
15.18%
Comprehensive Deduction Rate
22.49%
Total Income
$40,000.00
Total Deductions
$9,034.33
Net Pay
$30,965.67
Average Tax Rate
15.8%
Comprehensive Deduction Rate
22.59%
| Region | Total Income | Total Deductions | Net Pay | Avg. Tax Rate | Comp. Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $40,000.00 | $6,810.96 | $33,189.04 | 10.25% | 17.03% |
| Northwest Territories | $40,000.00 | $7,272.97 | $32,727.03 | 11.4% | 18.18% |
| British Columbia | $40,000.00 | $7,308.81 | $32,691.19 | 11.49% | 18.27% |
| Yukon | $40,000.00 | $7,376.50 | $32,623.50 | 11.66% | 18.44% |
| Ontario | $40,000.00 | $7,764.34 | $32,235.66 | 12.63% | 19.41% |
| Alberta | $40,000.00 | $7,785.79 | $32,214.21 | 12.68% | 19.46% |
| Saskatchewan | $40,000.00 | $8,164.55 | $31,835.45 | 13.63% | 20.41% |
| New Brunswick | $40,000.00 | $8,397.28 | $31,602.72 | 14.21% | 20.99% |
| Newfoundland and Labrador | $40,000.00 | $8,434.09 | $31,565.91 | 14.3% | 21.09% |
| Prince Edward Island | $40,000.00 | $8,866.61 | $31,133.39 | 15.39% | 22.17% |
| Nova Scotia | $40,000.00 | $8,982.44 | $31,017.56 | 15.67% | 22.46% |
| Quebec | $40,000.00 | $8,995.08 | $31,004.92 | 15.18% | 22.49% |
| Manitoba | $40,000.00 | $9,034.33 | $30,965.67 | 15.8% | 22.59% |
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 $40,000+/year
Advantage Personnel
-
126 Jobs
Kingston, ON
$42.19 - $45.95 / hour
Full-time
15 days ago
Canadian Red Cross
-
22 Jobs
Moosonee, ON
$24.19 / hour
Full-time
Yesterday
Paladin Security
-
118 Jobs
Stratford, ON
$21.17 / hour
Full-time
Yesterday
Are you looking to relocate to Ontario or just browsing through cities within the province/territory?
Check out our Ontario demographics page for more information.