2024 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$115,000.00
Salary
$115,000.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$31,874.79
Federal Tax
$17,512.49
Provincial Tax
$9,257.68
CPP Contributions
$4,055.50
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$1,049.12
Net Pay
$83,125.21
Marginal Tax Rate
43.41%
Average Tax Rate
23.28%
Comprehensive Deduction Rate
27.72%
Monthly Salary
Total Income
$9,583.33
Salary
$9,583.33
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$2,656.23
Federal Tax
$1,459.37
Provincial Tax
$771.47
CPP Contributions
$337.96
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$87.43
Net Pay
$6,927.10
Marginal Tax Rate
43.41%
Average Tax Rate
23.28%
Comprehensive Deduction Rate
27.72%
Biweekly Salary
Total Income
$4,423.08
Salary
$4,423.08
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,225.95
Federal Tax
$673.56
Provincial Tax
$356.06
CPP Contributions
$155.98
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$40.35
Net Pay
$3,197.12
Marginal Tax Rate
43.41%
Average Tax Rate
23.28%
Comprehensive Deduction Rate
27.72%
Weekly Salary
Total Income
$2,211.54
Salary
$2,211.54
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$612.98
Federal Tax
$336.78
Provincial Tax
$178.03
CPP Contributions
$77.99
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$20.18
Net Pay
$1,598.56
Marginal Tax Rate
43.41%
Average Tax Rate
23.28%
Comprehensive Deduction Rate
27.72%
Daily Salary
Total Income
$442.31
Salary
$442.31
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$122.60
Federal Tax
$67.36
Provincial Tax
$35.61
CPP Contributions
$15.60
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$4.04
Net Pay
$319.71
Marginal Tax Rate
43.41%
Average Tax Rate
23.28%
Comprehensive Deduction Rate
27.72%
Hourly Salary
Total Income
$58.97
Salary
$58.97
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$16.35
Federal Tax
$8.98
Provincial Tax
$4.75
CPP Contributions
$2.08
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.54
Net Pay
$42.63
Marginal Tax Rate
43.41%
Average Tax Rate
23.28%
Comprehensive Deduction Rate
27.72%
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
$115,000.00
Total Deductions
$28,309.33
Net Pay
$86,690.67
Average Tax Rate
20.18%
Comprehensive Deduction Rate
24.62%
Total Income
$115,000.00
Total Deductions
$29,968.76
Net Pay
$85,031.24
Average Tax Rate
21.62%
Comprehensive Deduction Rate
26.06%
Total Income
$115,000.00
Total Deductions
$30,195.32
Net Pay
$84,804.68
Average Tax Rate
21.82%
Comprehensive Deduction Rate
26.26%
Total Income
$115,000.00
Total Deductions
$30,350.40
Net Pay
$84,649.60
Average Tax Rate
21.95%
Comprehensive Deduction Rate
26.39%
Total Income
$115,000.00
Total Deductions
$31,483.36
Net Pay
$83,516.64
Average Tax Rate
22.94%
Comprehensive Deduction Rate
27.38%
Total Income
$115,000.00
Total Deductions
$31,874.79
Net Pay
$83,125.21
Average Tax Rate
23.28%
Comprehensive Deduction Rate
27.72%
Total Income
$115,000.00
Total Deductions
$33,542.03
Net Pay
$81,457.97
Average Tax Rate
24.73%
Comprehensive Deduction Rate
29.17%
Total Income
$115,000.00
Total Deductions
$34,875.00
Net Pay
$80,125.00
Average Tax Rate
25.89%
Comprehensive Deduction Rate
30.33%
Total Income
$115,000.00
Total Deductions
$35,076.43
Net Pay
$79,923.57
Average Tax Rate
26.06%
Comprehensive Deduction Rate
30.5%
Total Income
$115,000.00
Total Deductions
$35,829.57
Net Pay
$79,170.43
Average Tax Rate
26.72%
Comprehensive Deduction Rate
31.16%
Total Income
$115,000.00
Total Deductions
$36,898.76
Net Pay
$78,101.24
Average Tax Rate
27.65%
Comprehensive Deduction Rate
32.09%
Total Income
$115,000.00
Total Deductions
$37,038.38
Net Pay
$77,961.62
Average Tax Rate
27.3%
Comprehensive Deduction Rate
32.21%
Total Income
$115,000.00
Total Deductions
$37,992.25
Net Pay
$77,007.75
Average Tax Rate
28.6%
Comprehensive Deduction Rate
33.04%
| Region | Total Income | Total Deductions | Net Pay | Avg. Tax Rate | Comp. Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $115,000.00 | $28,309.33 | $86,690.67 | 20.18% | 24.62% |
| British Columbia | $115,000.00 | $29,968.76 | $85,031.24 | 21.62% | 26.06% |
| Yukon | $115,000.00 | $30,195.32 | $84,804.68 | 21.82% | 26.26% |
| Northwest Territories | $115,000.00 | $30,350.40 | $84,649.60 | 21.95% | 26.39% |
| Alberta | $115,000.00 | $31,483.36 | $83,516.64 | 22.94% | 27.38% |
| Ontario | $115,000.00 | $31,874.79 | $83,125.21 | 23.28% | 27.72% |
| Saskatchewan | $115,000.00 | $33,542.03 | $81,457.97 | 24.73% | 29.17% |
| Manitoba | $115,000.00 | $34,875.00 | $80,125.00 | 25.89% | 30.33% |
| New Brunswick | $115,000.00 | $35,076.43 | $79,923.57 | 26.06% | 30.5% |
| Newfoundland and Labrador | $115,000.00 | $35,829.57 | $79,170.43 | 26.72% | 31.16% |
| Prince Edward Island | $115,000.00 | $36,898.76 | $78,101.24 | 27.65% | 32.09% |
| Quebec | $115,000.00 | $37,038.38 | $77,961.62 | 27.3% | 32.21% |
| Nova Scotia | $115,000.00 | $37,992.25 | $77,007.75 | 28.6% | 33.04% |
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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