2023 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$97,500.00
Salary
$97,500.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$25,737.45
Federal Tax
$13,998.49
Provincial Tax
$6,982.06
CPP Contributions
$3,754.45
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$1,002.45
Net Pay
$71,762.55
Marginal Tax Rate
31.48%
Average Tax Rate
21.52%
Comprehensive Deduction Rate
26.4%
Monthly Salary
Total Income
$8,125.00
Salary
$8,125.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$2,144.79
Federal Tax
$1,166.54
Provincial Tax
$581.84
CPP Contributions
$312.87
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$83.54
Net Pay
$5,980.21
Marginal Tax Rate
31.48%
Average Tax Rate
21.52%
Comprehensive Deduction Rate
26.4%
Biweekly Salary
Total Income
$3,750.00
Salary
$3,750.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$989.90
Federal Tax
$538.40
Provincial Tax
$268.54
CPP Contributions
$144.40
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$38.56
Net Pay
$2,760.10
Marginal Tax Rate
31.48%
Average Tax Rate
21.52%
Comprehensive Deduction Rate
26.4%
Weekly Salary
Total Income
$1,875.00
Salary
$1,875.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$494.95
Federal Tax
$269.20
Provincial Tax
$134.27
CPP Contributions
$72.20
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$19.28
Net Pay
$1,380.05
Marginal Tax Rate
31.48%
Average Tax Rate
21.52%
Comprehensive Deduction Rate
26.4%
Daily Salary
Total Income
$375.00
Salary
$375.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$98.99
Federal Tax
$53.84
Provincial Tax
$26.85
CPP Contributions
$14.44
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$3.86
Net Pay
$276.01
Marginal Tax Rate
31.48%
Average Tax Rate
21.52%
Comprehensive Deduction Rate
26.4%
Hourly Salary
Total Income
$50.00
Salary
$50.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$13.20
Federal Tax
$7.18
Provincial Tax
$3.58
CPP Contributions
$1.93
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.51
Net Pay
$36.80
Marginal Tax Rate
31.48%
Average Tax Rate
21.52%
Comprehensive Deduction Rate
26.4%
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
$97,500.00
Total Deductions
$23,159.29
Net Pay
$74,340.71
Average Tax Rate
18.87%
Comprehensive Deduction Rate
23.75%
Total Income
$97,500.00
Total Deductions
$24,399.35
Net Pay
$73,100.65
Average Tax Rate
20.15%
Comprehensive Deduction Rate
25.02%
Total Income
$97,500.00
Total Deductions
$24,624.70
Net Pay
$72,875.30
Average Tax Rate
20.38%
Comprehensive Deduction Rate
25.26%
Total Income
$97,500.00
Total Deductions
$24,810.88
Net Pay
$72,689.12
Average Tax Rate
20.57%
Comprehensive Deduction Rate
25.45%
Total Income
$97,500.00
Total Deductions
$25,737.45
Net Pay
$71,762.55
Average Tax Rate
21.52%
Comprehensive Deduction Rate
26.4%
Total Income
$97,500.00
Total Deductions
$25,959.84
Net Pay
$71,540.16
Average Tax Rate
21.75%
Comprehensive Deduction Rate
26.63%
Total Income
$97,500.00
Total Deductions
$27,626.96
Net Pay
$69,873.04
Average Tax Rate
23.46%
Comprehensive Deduction Rate
28.34%
Total Income
$97,500.00
Total Deductions
$28,661.80
Net Pay
$68,838.20
Average Tax Rate
24.52%
Comprehensive Deduction Rate
29.4%
Total Income
$97,500.00
Total Deductions
$29,198.52
Net Pay
$68,301.48
Average Tax Rate
25.07%
Comprehensive Deduction Rate
29.95%
Total Income
$97,500.00
Total Deductions
$29,387.79
Net Pay
$68,112.21
Average Tax Rate
25.26%
Comprehensive Deduction Rate
30.14%
Total Income
$97,500.00
Total Deductions
$30,291.54
Net Pay
$67,208.46
Average Tax Rate
26.19%
Comprehensive Deduction Rate
31.07%
Total Income
$97,500.00
Total Deductions
$31,068.03
Net Pay
$66,431.97
Average Tax Rate
26.99%
Comprehensive Deduction Rate
31.86%
Total Income
$97,500.00
Total Deductions
$31,109.93
Net Pay
$66,390.07
Average Tax Rate
26.5%
Comprehensive Deduction Rate
31.91%
| Region | Total Income | Total Deductions | Net Pay | Avg. Tax Rate | Comp. Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $97,500.00 | $23,159.29 | $74,340.71 | 18.87% | 23.75% |
| British Columbia | $97,500.00 | $24,399.35 | $73,100.65 | 20.15% | 25.02% |
| Northwest Territories | $97,500.00 | $24,624.70 | $72,875.30 | 20.38% | 25.26% |
| Yukon | $97,500.00 | $24,810.88 | $72,689.12 | 20.57% | 25.45% |
| Ontario | $97,500.00 | $25,737.45 | $71,762.55 | 21.52% | 26.4% |
| Alberta | $97,500.00 | $25,959.84 | $71,540.16 | 21.75% | 26.63% |
| Saskatchewan | $97,500.00 | $27,626.96 | $69,873.04 | 23.46% | 28.34% |
| New Brunswick | $97,500.00 | $28,661.80 | $68,838.20 | 24.52% | 29.4% |
| Manitoba | $97,500.00 | $29,198.52 | $68,301.48 | 25.07% | 29.95% |
| Newfoundland and Labrador | $97,500.00 | $29,387.79 | $68,112.21 | 25.26% | 30.14% |
| Prince Edward Island | $97,500.00 | $30,291.54 | $67,208.46 | 26.19% | 31.07% |
| Nova Scotia | $97,500.00 | $31,068.03 | $66,431.97 | 26.99% | 31.86% |
| Quebec | $97,500.00 | $31,109.93 | $66,390.07 | 26.5% | 31.91% |
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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