2023 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$40,800.00
Salary
$40,800.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$7,925.89
Federal Tax
$3,275.94
Provincial Tax
$1,765.56
CPP Contributions
$2,219.35
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$665.04
Net Pay
$32,874.11
Marginal Tax Rate
18.65%
Average Tax Rate
12.36%
Comprehensive Deduction Rate
19.43%
Monthly Salary
Total Income
$3,400.00
Salary
$3,400.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$660.49
Federal Tax
$273.00
Provincial Tax
$147.13
CPP Contributions
$184.95
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$55.42
Net Pay
$2,739.51
Marginal Tax Rate
18.65%
Average Tax Rate
12.36%
Comprehensive Deduction Rate
19.43%
Biweekly Salary
Total Income
$1,569.23
Salary
$1,569.23
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$304.84
Federal Tax
$126.00
Provincial Tax
$67.91
CPP Contributions
$85.36
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$25.58
Net Pay
$1,264.39
Marginal Tax Rate
18.65%
Average Tax Rate
12.36%
Comprehensive Deduction Rate
19.43%
Weekly Salary
Total Income
$784.62
Salary
$784.62
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$152.42
Federal Tax
$63.00
Provincial Tax
$33.95
CPP Contributions
$42.68
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$12.79
Net Pay
$632.19
Marginal Tax Rate
18.65%
Average Tax Rate
12.36%
Comprehensive Deduction Rate
19.43%
Daily Salary
Total Income
$156.92
Salary
$156.92
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$30.48
Federal Tax
$12.60
Provincial Tax
$6.79
CPP Contributions
$8.54
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$2.56
Net Pay
$126.44
Marginal Tax Rate
18.65%
Average Tax Rate
12.36%
Comprehensive Deduction Rate
19.43%
Hourly Salary
Total Income
$20.92
Salary
$20.92
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$4.06
Federal Tax
$1.68
Provincial Tax
$0.91
CPP Contributions
$1.14
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.34
Net Pay
$16.86
Marginal Tax Rate
18.65%
Average Tax Rate
12.36%
Comprehensive Deduction Rate
19.43%
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
$40,800.00
Total Deductions
$6,959.95
Net Pay
$33,840.05
Average Tax Rate
9.99%
Comprehensive Deduction Rate
17.06%
Total Income
$40,800.00
Total Deductions
$7,418.36
Net Pay
$33,381.64
Average Tax Rate
11.11%
Comprehensive Deduction Rate
18.18%
Total Income
$40,800.00
Total Deductions
$7,472.62
Net Pay
$33,327.38
Average Tax Rate
11.25%
Comprehensive Deduction Rate
18.32%
Total Income
$40,800.00
Total Deductions
$7,539.38
Net Pay
$33,260.62
Average Tax Rate
11.41%
Comprehensive Deduction Rate
18.48%
Total Income
$40,800.00
Total Deductions
$7,851.59
Net Pay
$32,948.41
Average Tax Rate
12.17%
Comprehensive Deduction Rate
19.24%
Total Income
$40,800.00
Total Deductions
$7,925.89
Net Pay
$32,874.11
Average Tax Rate
12.36%
Comprehensive Deduction Rate
19.43%
Total Income
$40,800.00
Total Deductions
$8,287.06
Net Pay
$32,512.94
Average Tax Rate
13.24%
Comprehensive Deduction Rate
20.31%
Total Income
$40,800.00
Total Deductions
$8,553.35
Net Pay
$32,246.65
Average Tax Rate
13.89%
Comprehensive Deduction Rate
20.96%
Total Income
$40,800.00
Total Deductions
$8,555.76
Net Pay
$32,244.24
Average Tax Rate
13.9%
Comprehensive Deduction Rate
20.97%
Total Income
$40,800.00
Total Deductions
$8,712.82
Net Pay
$32,087.18
Average Tax Rate
14.29%
Comprehensive Deduction Rate
21.35%
Total Income
$40,800.00
Total Deductions
$9,053.06
Net Pay
$31,746.94
Average Tax Rate
15.12%
Comprehensive Deduction Rate
22.19%
Total Income
$40,800.00
Total Deductions
$9,150.43
Net Pay
$31,649.57
Average Tax Rate
14.81%
Comprehensive Deduction Rate
22.43%
Total Income
$40,800.00
Total Deductions
$9,257.54
Net Pay
$31,542.46
Average Tax Rate
15.62%
Comprehensive Deduction Rate
22.69%
| Region | Total Income | Total Deductions | Net Pay | Avg. Tax Rate | Comp. Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $40,800.00 | $6,959.95 | $33,840.05 | 9.99% | 17.06% |
| Northwest Territories | $40,800.00 | $7,418.36 | $33,381.64 | 11.11% | 18.18% |
| British Columbia | $40,800.00 | $7,472.62 | $33,327.38 | 11.25% | 18.32% |
| Yukon | $40,800.00 | $7,539.38 | $33,260.62 | 11.41% | 18.48% |
| Alberta | $40,800.00 | $7,851.59 | $32,948.41 | 12.17% | 19.24% |
| Ontario | $40,800.00 | $7,925.89 | $32,874.11 | 12.36% | 19.43% |
| Saskatchewan | $40,800.00 | $8,287.06 | $32,512.94 | 13.24% | 20.31% |
| New Brunswick | $40,800.00 | $8,553.35 | $32,246.65 | 13.89% | 20.96% |
| Newfoundland and Labrador | $40,800.00 | $8,555.76 | $32,244.24 | 13.9% | 20.97% |
| Manitoba | $40,800.00 | $8,712.82 | $32,087.18 | 14.29% | 21.35% |
| Prince Edward Island | $40,800.00 | $9,053.06 | $31,746.94 | 15.12% | 22.19% |
| Quebec | $40,800.00 | $9,150.43 | $31,649.57 | 14.81% | 22.43% |
| Nova Scotia | $40,800.00 | $9,257.54 | $31,542.46 | 15.62% | 22.69% |
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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