2022 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$55,000.00
Salary
$55,000.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$12,435.76
Federal Tax
$5,648.51
Provincial Tax
$2,982.75
CPP Contributions
$2,935.50
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$869.00
Net Pay
$42,564.24
Marginal Tax Rate
28.31%
Average Tax Rate
15.69%
Comprehensive Deduction Rate
22.61%
Monthly Salary
Total Income
$4,583.33
Salary
$4,583.33
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,036.31
Federal Tax
$470.71
Provincial Tax
$248.56
CPP Contributions
$244.63
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$72.42
Net Pay
$3,547.02
Marginal Tax Rate
28.31%
Average Tax Rate
15.69%
Comprehensive Deduction Rate
22.61%
Biweekly Salary
Total Income
$2,115.38
Salary
$2,115.38
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$478.30
Federal Tax
$217.25
Provincial Tax
$114.72
CPP Contributions
$112.90
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$33.42
Net Pay
$1,637.09
Marginal Tax Rate
28.31%
Average Tax Rate
15.69%
Comprehensive Deduction Rate
22.61%
Weekly Salary
Total Income
$1,057.69
Salary
$1,057.69
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$239.15
Federal Tax
$108.63
Provincial Tax
$57.36
CPP Contributions
$56.45
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$16.71
Net Pay
$818.54
Marginal Tax Rate
28.31%
Average Tax Rate
15.69%
Comprehensive Deduction Rate
22.61%
Daily Salary
Total Income
$211.54
Salary
$211.54
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$47.83
Federal Tax
$21.73
Provincial Tax
$11.47
CPP Contributions
$11.29
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$3.34
Net Pay
$163.71
Marginal Tax Rate
28.31%
Average Tax Rate
15.69%
Comprehensive Deduction Rate
22.61%
Hourly Salary
Total Income
$28.21
Salary
$28.21
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$6.38
Federal Tax
$2.90
Provincial Tax
$1.53
CPP Contributions
$1.51
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.45
Net Pay
$21.83
Marginal Tax Rate
28.31%
Average Tax Rate
15.69%
Comprehensive Deduction Rate
22.61%
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
$55,000.00
Total Deductions
$11,040.35
Net Pay
$43,959.65
Average Tax Rate
13.16%
Comprehensive Deduction Rate
20.07%
Total Income
$55,000.00
Total Deductions
$11,786.62
Net Pay
$43,213.38
Average Tax Rate
14.51%
Comprehensive Deduction Rate
21.43%
Total Income
$55,000.00
Total Deductions
$11,810.61
Net Pay
$43,189.39
Average Tax Rate
14.56%
Comprehensive Deduction Rate
21.47%
Total Income
$55,000.00
Total Deductions
$11,850.68
Net Pay
$43,149.32
Average Tax Rate
14.63%
Comprehensive Deduction Rate
21.55%
Total Income
$55,000.00
Total Deductions
$12,435.76
Net Pay
$42,564.24
Average Tax Rate
15.69%
Comprehensive Deduction Rate
22.61%
Total Income
$55,000.00
Total Deductions
$12,635.66
Net Pay
$42,364.34
Average Tax Rate
16.06%
Comprehensive Deduction Rate
22.97%
Total Income
$55,000.00
Total Deductions
$13,248.96
Net Pay
$41,751.04
Average Tax Rate
17.17%
Comprehensive Deduction Rate
24.09%
Total Income
$55,000.00
Total Deductions
$13,711.71
Net Pay
$41,288.29
Average Tax Rate
18.01%
Comprehensive Deduction Rate
24.93%
Total Income
$55,000.00
Total Deductions
$13,973.16
Net Pay
$41,026.84
Average Tax Rate
18.49%
Comprehensive Deduction Rate
25.41%
Total Income
$55,000.00
Total Deductions
$14,287.96
Net Pay
$40,712.04
Average Tax Rate
19.06%
Comprehensive Deduction Rate
25.98%
Total Income
$55,000.00
Total Deductions
$14,288.67
Net Pay
$40,711.33
Average Tax Rate
19.06%
Comprehensive Deduction Rate
25.98%
Total Income
$55,000.00
Total Deductions
$14,667.13
Net Pay
$40,332.87
Average Tax Rate
19.75%
Comprehensive Deduction Rate
26.67%
Total Income
$55,000.00
Total Deductions
$14,747.75
Net Pay
$40,252.25
Average Tax Rate
19.36%
Comprehensive Deduction Rate
26.81%
| Region | Total Income | Total Deductions | Net Pay | Avg. Tax Rate | Comp. Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $55,000.00 | $11,040.35 | $43,959.65 | 13.16% | 20.07% |
| British Columbia | $55,000.00 | $11,786.62 | $43,213.38 | 14.51% | 21.43% |
| Northwest Territories | $55,000.00 | $11,810.61 | $43,189.39 | 14.56% | 21.47% |
| Yukon | $55,000.00 | $11,850.68 | $43,149.32 | 14.63% | 21.55% |
| Ontario | $55,000.00 | $12,435.76 | $42,564.24 | 15.69% | 22.61% |
| Alberta | $55,000.00 | $12,635.66 | $42,364.34 | 16.06% | 22.97% |
| Saskatchewan | $55,000.00 | $13,248.96 | $41,751.04 | 17.17% | 24.09% |
| New Brunswick | $55,000.00 | $13,711.71 | $41,288.29 | 18.01% | 24.93% |
| Newfoundland and Labrador | $55,000.00 | $13,973.16 | $41,026.84 | 18.49% | 25.41% |
| Manitoba | $55,000.00 | $14,287.96 | $40,712.04 | 19.06% | 25.98% |
| Prince Edward Island | $55,000.00 | $14,288.67 | $40,711.33 | 19.06% | 25.98% |
| Nova Scotia | $55,000.00 | $14,667.13 | $40,332.87 | 19.75% | 26.67% |
| Quebec | $55,000.00 | $14,747.75 | $40,252.25 | 19.36% | 26.81% |
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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