2022 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$62,000.00
Salary
$62,000.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$14,905.09
Federal Tax
$7,018.98
Provincial Tax
$3,598.87
CPP Contributions
$3,334.50
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$952.74
Net Pay
$47,094.91
Marginal Tax Rate
28.62%
Average Tax Rate
17.13%
Comprehensive Deduction Rate
24.04%
Monthly Salary
Total Income
$5,166.67
Salary
$5,166.67
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,242.09
Federal Tax
$584.92
Provincial Tax
$299.91
CPP Contributions
$277.88
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$79.40
Net Pay
$3,924.58
Marginal Tax Rate
28.62%
Average Tax Rate
17.13%
Comprehensive Deduction Rate
24.04%
Biweekly Salary
Total Income
$2,384.62
Salary
$2,384.62
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$573.27
Federal Tax
$269.96
Provincial Tax
$138.42
CPP Contributions
$128.25
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$36.64
Net Pay
$1,811.34
Marginal Tax Rate
28.62%
Average Tax Rate
17.13%
Comprehensive Deduction Rate
24.04%
Weekly Salary
Total Income
$1,192.31
Salary
$1,192.31
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$286.64
Federal Tax
$134.98
Provincial Tax
$69.21
CPP Contributions
$64.13
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$18.32
Net Pay
$905.67
Marginal Tax Rate
28.62%
Average Tax Rate
17.13%
Comprehensive Deduction Rate
24.04%
Daily Salary
Total Income
$238.46
Salary
$238.46
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$57.33
Federal Tax
$27.00
Provincial Tax
$13.84
CPP Contributions
$12.83
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$3.66
Net Pay
$181.13
Marginal Tax Rate
28.62%
Average Tax Rate
17.13%
Comprehensive Deduction Rate
24.04%
Hourly Salary
Total Income
$31.79
Salary
$31.79
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$7.64
Federal Tax
$3.60
Provincial Tax
$1.85
CPP Contributions
$1.71
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.49
Net Pay
$24.15
Marginal Tax Rate
28.62%
Average Tax Rate
17.13%
Comprehensive Deduction Rate
24.04%
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
$62,000.00
Total Deductions
$13,364.25
Net Pay
$48,635.75
Average Tax Rate
14.64%
Comprehensive Deduction Rate
21.56%
Total Income
$62,000.00
Total Deductions
$14,154.41
Net Pay
$47,845.59
Average Tax Rate
15.91%
Comprehensive Deduction Rate
22.83%
Total Income
$62,000.00
Total Deductions
$14,237.34
Net Pay
$47,762.66
Average Tax Rate
16.05%
Comprehensive Deduction Rate
22.96%
Total Income
$62,000.00
Total Deductions
$14,303.00
Net Pay
$47,697.00
Average Tax Rate
16.15%
Comprehensive Deduction Rate
23.07%
Total Income
$62,000.00
Total Deductions
$14,905.09
Net Pay
$47,094.91
Average Tax Rate
17.13%
Comprehensive Deduction Rate
24.04%
Total Income
$62,000.00
Total Deductions
$15,140.60
Net Pay
$46,859.40
Average Tax Rate
17.51%
Comprehensive Deduction Rate
24.42%
Total Income
$62,000.00
Total Deductions
$15,926.48
Net Pay
$46,073.52
Average Tax Rate
18.77%
Comprehensive Deduction Rate
25.69%
Total Income
$62,000.00
Total Deductions
$16,556.94
Net Pay
$45,443.06
Average Tax Rate
19.79%
Comprehensive Deduction Rate
26.7%
Total Income
$62,000.00
Total Deductions
$16,799.37
Net Pay
$45,200.63
Average Tax Rate
20.18%
Comprehensive Deduction Rate
27.1%
Total Income
$62,000.00
Total Deductions
$16,981.54
Net Pay
$45,018.46
Average Tax Rate
20.47%
Comprehensive Deduction Rate
27.39%
Total Income
$62,000.00
Total Deductions
$17,060.57
Net Pay
$44,939.43
Average Tax Rate
20.6%
Comprehensive Deduction Rate
27.52%
Total Income
$62,000.00
Total Deductions
$17,609.73
Net Pay
$44,390.27
Average Tax Rate
21.49%
Comprehensive Deduction Rate
28.4%
Total Income
$62,000.00
Total Deductions
$17,843.78
Net Pay
$44,156.22
Average Tax Rate
21.32%
Comprehensive Deduction Rate
28.78%
| Region | Total Income | Total Deductions | Net Pay | Avg. Tax Rate | Comp. Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $62,000.00 | $13,364.25 | $48,635.75 | 14.64% | 21.56% |
| British Columbia | $62,000.00 | $14,154.41 | $47,845.59 | 15.91% | 22.83% |
| Northwest Territories | $62,000.00 | $14,237.34 | $47,762.66 | 16.05% | 22.96% |
| Yukon | $62,000.00 | $14,303.00 | $47,697.00 | 16.15% | 23.07% |
| Ontario | $62,000.00 | $14,905.09 | $47,094.91 | 17.13% | 24.04% |
| Alberta | $62,000.00 | $15,140.60 | $46,859.40 | 17.51% | 24.42% |
| Saskatchewan | $62,000.00 | $15,926.48 | $46,073.52 | 18.77% | 25.69% |
| New Brunswick | $62,000.00 | $16,556.94 | $45,443.06 | 19.79% | 26.7% |
| Newfoundland and Labrador | $62,000.00 | $16,799.37 | $45,200.63 | 20.18% | 27.1% |
| Manitoba | $62,000.00 | $16,981.54 | $45,018.46 | 20.47% | 27.39% |
| Prince Edward Island | $62,000.00 | $17,060.57 | $44,939.43 | 20.6% | 27.52% |
| Nova Scotia | $62,000.00 | $17,609.73 | $44,390.27 | 21.49% | 28.4% |
| Quebec | $62,000.00 | $17,843.78 | $44,156.22 | 21.32% | 28.78% |
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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