2023 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$73,000.00
Salary
$73,000.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$18,320.36
Federal Tax
$8,975.99
Provincial Tax
$4,587.47
CPP Contributions
$3,754.45
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$1,002.45
Net Pay
$54,679.64
Marginal Tax Rate
29.65%
Average Tax Rate
18.58%
Comprehensive Deduction Rate
25.1%
Monthly Salary
Total Income
$6,083.33
Salary
$6,083.33
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,526.70
Federal Tax
$748.00
Provincial Tax
$382.29
CPP Contributions
$312.87
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$83.54
Net Pay
$4,556.64
Marginal Tax Rate
29.65%
Average Tax Rate
18.58%
Comprehensive Deduction Rate
25.1%
Biweekly Salary
Total Income
$2,807.69
Salary
$2,807.69
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$704.63
Federal Tax
$345.23
Provincial Tax
$176.44
CPP Contributions
$144.40
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$38.56
Net Pay
$2,103.06
Marginal Tax Rate
29.65%
Average Tax Rate
18.58%
Comprehensive Deduction Rate
25.1%
Weekly Salary
Total Income
$1,403.85
Salary
$1,403.85
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$352.31
Federal Tax
$172.62
Provincial Tax
$88.22
CPP Contributions
$72.20
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$19.28
Net Pay
$1,051.53
Marginal Tax Rate
29.65%
Average Tax Rate
18.58%
Comprehensive Deduction Rate
25.1%
Daily Salary
Total Income
$280.77
Salary
$280.77
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$70.46
Federal Tax
$34.52
Provincial Tax
$17.64
CPP Contributions
$14.44
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$3.86
Net Pay
$210.31
Marginal Tax Rate
29.65%
Average Tax Rate
18.58%
Comprehensive Deduction Rate
25.1%
Hourly Salary
Total Income
$37.44
Salary
$37.44
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$9.40
Federal Tax
$4.60
Provincial Tax
$2.35
CPP Contributions
$1.93
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.51
Net Pay
$28.04
Marginal Tax Rate
29.65%
Average Tax Rate
18.58%
Comprehensive Deduction Rate
25.1%
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
$73,000.00
Total Deductions
$16,421.79
Net Pay
$56,578.21
Average Tax Rate
15.98%
Comprehensive Deduction Rate
22.5%
Total Income
$73,000.00
Total Deductions
$17,317.35
Net Pay
$55,682.65
Average Tax Rate
17.21%
Comprehensive Deduction Rate
23.72%
Total Income
$73,000.00
Total Deductions
$17,464.20
Net Pay
$55,535.80
Average Tax Rate
17.41%
Comprehensive Deduction Rate
23.92%
Total Income
$73,000.00
Total Deductions
$17,583.38
Net Pay
$55,416.62
Average Tax Rate
17.57%
Comprehensive Deduction Rate
24.09%
Total Income
$73,000.00
Total Deductions
$18,320.36
Net Pay
$54,679.64
Average Tax Rate
18.58%
Comprehensive Deduction Rate
25.1%
Total Income
$73,000.00
Total Deductions
$18,487.34
Net Pay
$54,512.66
Average Tax Rate
18.81%
Comprehensive Deduction Rate
25.33%
Total Income
$73,000.00
Total Deductions
$19,541.96
Net Pay
$53,458.04
Average Tax Rate
20.25%
Comprehensive Deduction Rate
26.77%
Total Income
$73,000.00
Total Deductions
$20,168.30
Net Pay
$52,831.70
Average Tax Rate
21.11%
Comprehensive Deduction Rate
27.63%
Total Income
$73,000.00
Total Deductions
$20,221.52
Net Pay
$52,778.48
Average Tax Rate
21.18%
Comprehensive Deduction Rate
27.7%
Total Income
$73,000.00
Total Deductions
$20,622.29
Net Pay
$52,377.71
Average Tax Rate
21.73%
Comprehensive Deduction Rate
28.25%
Total Income
$73,000.00
Total Deductions
$21,177.54
Net Pay
$51,822.46
Average Tax Rate
22.49%
Comprehensive Deduction Rate
29.01%
Total Income
$73,000.00
Total Deductions
$21,913.58
Net Pay
$51,086.42
Average Tax Rate
23.5%
Comprehensive Deduction Rate
30.02%
Total Income
$73,000.00
Total Deductions
$21,936.50
Net Pay
$51,063.50
Average Tax Rate
22.95%
Comprehensive Deduction Rate
30.05%
| Region | Total Income | Total Deductions | Net Pay | Avg. Tax Rate | Comp. Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $73,000.00 | $16,421.79 | $56,578.21 | 15.98% | 22.5% |
| British Columbia | $73,000.00 | $17,317.35 | $55,682.65 | 17.21% | 23.72% |
| Northwest Territories | $73,000.00 | $17,464.20 | $55,535.80 | 17.41% | 23.92% |
| Yukon | $73,000.00 | $17,583.38 | $55,416.62 | 17.57% | 24.09% |
| Ontario | $73,000.00 | $18,320.36 | $54,679.64 | 18.58% | 25.1% |
| Alberta | $73,000.00 | $18,487.34 | $54,512.66 | 18.81% | 25.33% |
| Saskatchewan | $73,000.00 | $19,541.96 | $53,458.04 | 20.25% | 26.77% |
| New Brunswick | $73,000.00 | $20,168.30 | $52,831.70 | 21.11% | 27.63% |
| Manitoba | $73,000.00 | $20,221.52 | $52,778.48 | 21.18% | 27.7% |
| Newfoundland and Labrador | $73,000.00 | $20,622.29 | $52,377.71 | 21.73% | 28.25% |
| Prince Edward Island | $73,000.00 | $21,177.54 | $51,822.46 | 22.49% | 29.01% |
| Nova Scotia | $73,000.00 | $21,913.58 | $51,086.42 | 23.5% | 30.02% |
| Quebec | $73,000.00 | $21,936.50 | $51,063.50 | 22.95% | 30.05% |
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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