2023 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$137,000.00
Salary
$137,000.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$42,085.96
Federal Tax
$23,761.99
Provincial Tax
$13,567.07
CPP Contributions
$3,754.45
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$1,002.45
Net Pay
$94,914.04
Marginal Tax Rate
43.4%
Average Tax Rate
27.25%
Comprehensive Deduction Rate
30.72%
Monthly Salary
Total Income
$11,416.67
Salary
$11,416.67
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$3,507.16
Federal Tax
$1,980.17
Provincial Tax
$1,130.59
CPP Contributions
$312.87
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$83.54
Net Pay
$7,909.50
Marginal Tax Rate
43.4%
Average Tax Rate
27.25%
Comprehensive Deduction Rate
30.72%
Biweekly Salary
Total Income
$5,269.23
Salary
$5,269.23
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,618.69
Federal Tax
$913.92
Provincial Tax
$521.81
CPP Contributions
$144.40
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$38.56
Net Pay
$3,650.54
Marginal Tax Rate
43.4%
Average Tax Rate
27.25%
Comprehensive Deduction Rate
30.72%
Weekly Salary
Total Income
$2,634.62
Salary
$2,634.62
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$809.35
Federal Tax
$456.96
Provincial Tax
$260.91
CPP Contributions
$72.20
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$19.28
Net Pay
$1,825.27
Marginal Tax Rate
43.4%
Average Tax Rate
27.25%
Comprehensive Deduction Rate
30.72%
Daily Salary
Total Income
$526.92
Salary
$526.92
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$161.87
Federal Tax
$91.39
Provincial Tax
$52.18
CPP Contributions
$14.44
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$3.86
Net Pay
$365.05
Marginal Tax Rate
43.4%
Average Tax Rate
27.25%
Comprehensive Deduction Rate
30.72%
Hourly Salary
Total Income
$70.26
Salary
$70.26
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$21.58
Federal Tax
$12.19
Provincial Tax
$6.96
CPP Contributions
$1.93
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.51
Net Pay
$48.67
Marginal Tax Rate
43.4%
Average Tax Rate
27.25%
Comprehensive Deduction Rate
30.72%
Federal and Provincial/Territorial Tax Brackets
Your taxable income in the following tax brackets.
| Federal Tax Bracket | Federal Tax Rates |
|---|---|
| $53,359.00 or less | 15% |
| $53,359.00 - $106,716.99 | 20.5% |
| $106,717.00 - $165,429.99 | 26% |
| $165,430.00 - $235,674.99 | 29% |
| More than $235,675.00 | 33% |
| Ontario Tax Bracket | Ontario Tax Rates |
|---|---|
| $49,231.00 or less | 5.05% |
| $49,231.00 - $98,462.99 | 9.15% |
| $98,463.00 - $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
$137,000.00
Total Deductions
$36,392.79
Net Pay
$100,607.21
Average Tax Rate
23.09%
Comprehensive Deduction Rate
26.56%
Total Income
$137,000.00
Total Deductions
$38,704.38
Net Pay
$98,295.62
Average Tax Rate
24.78%
Comprehensive Deduction Rate
28.25%
Total Income
$137,000.00
Total Deductions
$39,120.35
Net Pay
$97,879.65
Average Tax Rate
25.08%
Comprehensive Deduction Rate
28.56%
Total Income
$137,000.00
Total Deductions
$39,207.20
Net Pay
$97,792.80
Average Tax Rate
25.15%
Comprehensive Deduction Rate
28.62%
Total Income
$137,000.00
Total Deductions
$39,673.34
Net Pay
$97,326.66
Average Tax Rate
25.49%
Comprehensive Deduction Rate
28.96%
Total Income
$137,000.00
Total Deductions
$42,085.96
Net Pay
$94,914.04
Average Tax Rate
27.25%
Comprehensive Deduction Rate
30.72%
Total Income
$137,000.00
Total Deductions
$42,327.96
Net Pay
$94,672.04
Average Tax Rate
27.42%
Comprehensive Deduction Rate
30.9%
Total Income
$137,000.00
Total Deductions
$44,745.30
Net Pay
$92,254.70
Average Tax Rate
29.19%
Comprehensive Deduction Rate
32.66%
Total Income
$137,000.00
Total Deductions
$45,392.29
Net Pay
$91,607.71
Average Tax Rate
29.66%
Comprehensive Deduction Rate
33.13%
Total Income
$137,000.00
Total Deductions
$45,835.02
Net Pay
$91,164.98
Average Tax Rate
29.98%
Comprehensive Deduction Rate
33.46%
Total Income
$137,000.00
Total Deductions
$47,214.81
Net Pay
$89,785.19
Average Tax Rate
30.99%
Comprehensive Deduction Rate
34.46%
Total Income
$137,000.00
Total Deductions
$47,744.03
Net Pay
$89,255.97
Average Tax Rate
31.38%
Comprehensive Deduction Rate
34.85%
Total Income
$137,000.00
Total Deductions
$48,928.94
Net Pay
$88,071.06
Average Tax Rate
31.87%
Comprehensive Deduction Rate
35.71%
| Region | Total Income | Total Deductions | Net Pay | Avg. Tax Rate | Comp. Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $137,000.00 | $36,392.79 | $100,607.21 | 23.09% | 26.56% |
| Yukon | $137,000.00 | $38,704.38 | $98,295.62 | 24.78% | 28.25% |
| British Columbia | $137,000.00 | $39,120.35 | $97,879.65 | 25.08% | 28.56% |
| Northwest Territories | $137,000.00 | $39,207.20 | $97,792.80 | 25.15% | 28.62% |
| Alberta | $137,000.00 | $39,673.34 | $97,326.66 | 25.49% | 28.96% |
| Ontario | $137,000.00 | $42,085.96 | $94,914.04 | 27.25% | 30.72% |
| Saskatchewan | $137,000.00 | $42,327.96 | $94,672.04 | 27.42% | 30.9% |
| New Brunswick | $137,000.00 | $44,745.30 | $92,254.70 | 29.19% | 32.66% |
| Newfoundland and Labrador | $137,000.00 | $45,392.29 | $91,607.71 | 29.66% | 33.13% |
| Manitoba | $137,000.00 | $45,835.02 | $91,164.98 | 29.98% | 33.46% |
| Prince Edward Island | $137,000.00 | $47,214.81 | $89,785.19 | 30.99% | 34.46% |
| Nova Scotia | $137,000.00 | $47,744.03 | $89,255.97 | 31.38% | 34.85% |
| Quebec | $137,000.00 | $48,928.94 | $88,071.06 | 31.87% | 35.71% |
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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