2024 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$50,000.00
Salary
$50,000.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$10,358.35
Federal Tax
$4,444.39
Provincial Tax
$2,317.21
CPP Contributions
$2,766.75
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$830.00
Net Pay
$39,641.65
Marginal Tax Rate
18.65%
Average Tax Rate
13.52%
Comprehensive Deduction Rate
20.72%
Monthly Salary
Total Income
$4,166.67
Salary
$4,166.67
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$863.20
Federal Tax
$370.37
Provincial Tax
$193.10
CPP Contributions
$230.56
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$69.17
Net Pay
$3,303.47
Marginal Tax Rate
18.65%
Average Tax Rate
13.52%
Comprehensive Deduction Rate
20.72%
Biweekly Salary
Total Income
$1,923.08
Salary
$1,923.08
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$398.40
Federal Tax
$170.94
Provincial Tax
$89.12
CPP Contributions
$106.41
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$31.92
Net Pay
$1,524.68
Marginal Tax Rate
18.65%
Average Tax Rate
13.52%
Comprehensive Deduction Rate
20.72%
Weekly Salary
Total Income
$961.54
Salary
$961.54
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$199.20
Federal Tax
$85.47
Provincial Tax
$44.56
CPP Contributions
$53.21
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$15.96
Net Pay
$762.34
Marginal Tax Rate
18.65%
Average Tax Rate
13.52%
Comprehensive Deduction Rate
20.72%
Daily Salary
Total Income
$192.31
Salary
$192.31
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$39.84
Federal Tax
$17.09
Provincial Tax
$8.91
CPP Contributions
$10.64
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$3.19
Net Pay
$152.47
Marginal Tax Rate
18.65%
Average Tax Rate
13.52%
Comprehensive Deduction Rate
20.72%
Hourly Salary
Total Income
$25.64
Salary
$25.64
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$5.31
Federal Tax
$2.28
Provincial Tax
$1.19
CPP Contributions
$1.42
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.43
Net Pay
$20.33
Marginal Tax Rate
18.65%
Average Tax Rate
13.52%
Comprehensive Deduction Rate
20.72%
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Federal and Provincial/Territorial Tax Brackets
Your taxable income in the following tax brackets.
| Federal Tax Bracket | Federal Tax Rates |
|---|---|
| $55,867.00 or less | 15% |
| $55,867.00 - $111,732.99 | 20.5% |
| $111,733.00 - $173,204.99 | 26% |
| $173,205.00 - $246,751.99 | 29% |
| More than $246,752.00 | 33% |
| Ontario Tax Bracket | Ontario Tax Rates |
|---|---|
| $51,446.00 or less | 5.05% |
| $51,446.00 - $102,893.99 | 9.15% |
| $102,894.00 - $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
$50,000.00
Total Deductions
$9,146.59
Net Pay
$40,853.41
Average Tax Rate
11.1%
Comprehensive Deduction Rate
18.29%
Total Income
$50,000.00
Total Deductions
$9,753.92
Net Pay
$40,246.08
Average Tax Rate
12.31%
Comprehensive Deduction Rate
19.51%
Total Income
$50,000.00
Total Deductions
$9,806.59
Net Pay
$40,193.41
Average Tax Rate
12.42%
Comprehensive Deduction Rate
19.61%
Total Income
$50,000.00
Total Deductions
$9,914.12
Net Pay
$40,085.88
Average Tax Rate
12.63%
Comprehensive Deduction Rate
19.83%
Total Income
$50,000.00
Total Deductions
$10,358.35
Net Pay
$39,641.65
Average Tax Rate
13.52%
Comprehensive Deduction Rate
20.72%
Total Income
$50,000.00
Total Deductions
$10,492.96
Net Pay
$39,507.04
Average Tax Rate
13.79%
Comprehensive Deduction Rate
20.99%
Total Income
$50,000.00
Total Deductions
$10,971.92
Net Pay
$39,028.08
Average Tax Rate
14.75%
Comprehensive Deduction Rate
21.94%
Total Income
$50,000.00
Total Deductions
$11,178.91
Net Pay
$38,821.09
Average Tax Rate
15.16%
Comprehensive Deduction Rate
22.36%
Total Income
$50,000.00
Total Deductions
$11,406.45
Net Pay
$38,593.55
Average Tax Rate
15.62%
Comprehensive Deduction Rate
22.81%
Total Income
$50,000.00
Total Deductions
$11,532.05
Net Pay
$38,467.95
Average Tax Rate
15.87%
Comprehensive Deduction Rate
23.06%
Total Income
$50,000.00
Total Deductions
$11,653.40
Net Pay
$38,346.60
Average Tax Rate
15.54%
Comprehensive Deduction Rate
23.31%
Total Income
$50,000.00
Total Deductions
$11,880.66
Net Pay
$38,119.34
Average Tax Rate
16.57%
Comprehensive Deduction Rate
23.76%
Total Income
$50,000.00
Total Deductions
$12,499.66
Net Pay
$37,500.34
Average Tax Rate
17.81%
Comprehensive Deduction Rate
25%
| Region | Total Income | Total Deductions | Net Pay | Avg. Tax Rate | Comp. Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $50,000.00 | $9,146.59 | $40,853.41 | 11.1% | 18.29% |
| Northwest Territories | $50,000.00 | $9,753.92 | $40,246.08 | 12.31% | 19.51% |
| British Columbia | $50,000.00 | $9,806.59 | $40,193.41 | 12.42% | 19.61% |
| Yukon | $50,000.00 | $9,914.12 | $40,085.88 | 12.63% | 19.83% |
| Ontario | $50,000.00 | $10,358.35 | $39,641.65 | 13.52% | 20.72% |
| Alberta | $50,000.00 | $10,492.96 | $39,507.04 | 13.79% | 20.99% |
| Saskatchewan | $50,000.00 | $10,971.92 | $39,028.08 | 14.75% | 21.94% |
| New Brunswick | $50,000.00 | $11,178.91 | $38,821.09 | 15.16% | 22.36% |
| Manitoba | $50,000.00 | $11,406.45 | $38,593.55 | 15.62% | 22.81% |
| Newfoundland and Labrador | $50,000.00 | $11,532.05 | $38,467.95 | 15.87% | 23.06% |
| Quebec | $50,000.00 | $11,653.40 | $38,346.60 | 15.54% | 23.31% |
| Prince Edward Island | $50,000.00 | $11,880.66 | $38,119.34 | 16.57% | 23.76% |
| Nova Scotia | $50,000.00 | $12,499.66 | $37,500.34 | 17.81% | 25% |
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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