2022 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$142,000.00
Salary
$142,000.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$45,228.40
Federal Tax
$25,686.44
Provincial Tax
$15,089.42
CPP Contributions
$3,499.80
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$952.74
Net Pay
$96,771.60
Marginal Tax Rate
43.41%
Average Tax Rate
28.72%
Comprehensive Deduction Rate
31.85%
Monthly Salary
Total Income
$11,833.33
Salary
$11,833.33
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$3,769.03
Federal Tax
$2,140.54
Provincial Tax
$1,257.45
CPP Contributions
$291.65
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$79.40
Net Pay
$8,064.30
Marginal Tax Rate
43.41%
Average Tax Rate
28.72%
Comprehensive Deduction Rate
31.85%
Biweekly Salary
Total Income
$5,461.54
Salary
$5,461.54
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,739.55
Federal Tax
$987.94
Provincial Tax
$580.36
CPP Contributions
$134.61
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$36.64
Net Pay
$3,721.98
Marginal Tax Rate
43.41%
Average Tax Rate
28.72%
Comprehensive Deduction Rate
31.85%
Weekly Salary
Total Income
$2,730.77
Salary
$2,730.77
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$869.78
Federal Tax
$493.97
Provincial Tax
$290.18
CPP Contributions
$67.30
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$18.32
Net Pay
$1,860.99
Marginal Tax Rate
43.41%
Average Tax Rate
28.72%
Comprehensive Deduction Rate
31.85%
Daily Salary
Total Income
$546.15
Salary
$546.15
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$173.96
Federal Tax
$98.79
Provincial Tax
$58.04
CPP Contributions
$13.46
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$3.66
Net Pay
$372.20
Marginal Tax Rate
43.41%
Average Tax Rate
28.72%
Comprehensive Deduction Rate
31.85%
Hourly Salary
Total Income
$72.82
Salary
$72.82
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$23.19
Federal Tax
$13.17
Provincial Tax
$7.74
CPP Contributions
$1.79
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.49
Net Pay
$49.63
Marginal Tax Rate
43.41%
Average Tax Rate
28.72%
Comprehensive Deduction Rate
31.85%
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
$142,000.00
Total Deductions
$38,716.40
Net Pay
$103,283.60
Average Tax Rate
24.13%
Comprehensive Deduction Rate
27.27%
Total Income
$142,000.00
Total Deductions
$41,115.18
Net Pay
$100,884.82
Average Tax Rate
25.82%
Comprehensive Deduction Rate
28.95%
Total Income
$142,000.00
Total Deductions
$41,778.35
Net Pay
$100,221.65
Average Tax Rate
26.29%
Comprehensive Deduction Rate
29.42%
Total Income
$142,000.00
Total Deductions
$42,001.80
Net Pay
$99,998.20
Average Tax Rate
26.44%
Comprehensive Deduction Rate
29.58%
Total Income
$142,000.00
Total Deductions
$42,172.83
Net Pay
$99,827.17
Average Tax Rate
26.56%
Comprehensive Deduction Rate
29.7%
Total Income
$142,000.00
Total Deductions
$44,908.88
Net Pay
$97,091.12
Average Tax Rate
28.49%
Comprehensive Deduction Rate
31.63%
Total Income
$142,000.00
Total Deductions
$45,228.40
Net Pay
$96,771.60
Average Tax Rate
28.72%
Comprehensive Deduction Rate
31.85%
Total Income
$142,000.00
Total Deductions
$48,090.75
Net Pay
$93,909.25
Average Tax Rate
30.73%
Comprehensive Deduction Rate
33.87%
Total Income
$142,000.00
Total Deductions
$48,118.16
Net Pay
$93,881.84
Average Tax Rate
30.75%
Comprehensive Deduction Rate
33.89%
Total Income
$142,000.00
Total Deductions
$49,138.45
Net Pay
$92,861.55
Average Tax Rate
31.47%
Comprehensive Deduction Rate
34.6%
Total Income
$142,000.00
Total Deductions
$49,834.25
Net Pay
$92,165.75
Average Tax Rate
31.96%
Comprehensive Deduction Rate
35.09%
Total Income
$142,000.00
Total Deductions
$50,239.12
Net Pay
$91,760.88
Average Tax Rate
32.24%
Comprehensive Deduction Rate
35.38%
Total Income
$142,000.00
Total Deductions
$52,158.78
Net Pay
$89,841.22
Average Tax Rate
33.26%
Comprehensive Deduction Rate
36.73%
| Region | Total Income | Total Deductions | Net Pay | Avg. Tax Rate | Comp. Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $142,000.00 | $38,716.40 | $103,283.60 | 24.13% | 27.27% |
| Yukon | $142,000.00 | $41,115.18 | $100,884.82 | 25.82% | 28.95% |
| Northwest Territories | $142,000.00 | $41,778.35 | $100,221.65 | 26.29% | 29.42% |
| British Columbia | $142,000.00 | $42,001.80 | $99,998.20 | 26.44% | 29.58% |
| Alberta | $142,000.00 | $42,172.83 | $99,827.17 | 26.56% | 29.7% |
| Saskatchewan | $142,000.00 | $44,908.88 | $97,091.12 | 28.49% | 31.63% |
| Ontario | $142,000.00 | $45,228.40 | $96,771.60 | 28.72% | 31.85% |
| Newfoundland and Labrador | $142,000.00 | $48,090.75 | $93,909.25 | 30.73% | 33.87% |
| New Brunswick | $142,000.00 | $48,118.16 | $93,881.84 | 30.75% | 33.89% |
| Manitoba | $142,000.00 | $49,138.45 | $92,861.55 | 31.47% | 34.6% |
| Prince Edward Island | $142,000.00 | $49,834.25 | $92,165.75 | 31.96% | 35.09% |
| Nova Scotia | $142,000.00 | $50,239.12 | $91,760.88 | 32.24% | 35.38% |
| Quebec | $142,000.00 | $52,158.78 | $89,841.22 | 33.26% | 36.73% |
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 $142,000+/year
Joanne Romas & Associates
-
2 Jobs
Hamilton, ON • Remote
$165,000 - $218,000 / year
Permanent
30 days ago
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.