2024 Ontario Income Tax Calculator

Calculate your take-home pay after tax.

Province/Territory

Tax Year

Salary

Rate

Work Hours per Day

Bonus

Commission

Pension Income

Taxable Benefit

RRSP

Your Results

Yearly Salary

Total Income $121,200.04

Salary $121,200.04

Total Deductions $34,566.20

Federal Tax $19,124.50

Provincial Tax $10,337.08

CPP Contributions $4,055.50

EI Premiums $1,049.12

Net Pay $86,633.84

Marginal Tax Rate 43.4%

Average Tax Rate 24.31%

Comprehensive Deduction Rate 28.52%

$121,200.04 a year is how much per hour?
What is the minimum wage in Ontario in 2024?

Monthly Salary

Total Income $10,100.00

Salary $10,100.00

Total Deductions $2,880.52

Federal Tax $1,593.71

Provincial Tax $861.42

CPP Contributions $337.96

EI Premiums $87.43

Net Pay $7,219.49

Marginal Tax Rate 43.4%

Average Tax Rate 24.31%

Comprehensive Deduction Rate 28.52%

$10,100.00 a month is how much per year?
What is the minimum wage in Ontario in 2024?

Biweekly Salary

Total Income $4,661.54

Salary $4,661.54

Total Deductions $1,329.47

Federal Tax $735.56

Provincial Tax $397.58

CPP Contributions $155.98

EI Premiums $40.35

Net Pay $3,332.07

Marginal Tax Rate 43.4%

Average Tax Rate 24.31%

Comprehensive Deduction Rate 28.52%

$4,661.54 per two weeks is how much per year?
What is the minimum wage in Ontario in 2024?

Weekly Salary

Total Income $2,330.77

Salary $2,330.77

Total Deductions $664.73

Federal Tax $367.78

Provincial Tax $198.79

CPP Contributions $77.99

EI Premiums $20.18

Net Pay $1,666.04

Marginal Tax Rate 43.4%

Average Tax Rate 24.31%

Comprehensive Deduction Rate 28.52%

$2,330.77 a week is how much per year?
What is the minimum wage in Ontario in 2024?

Daily Salary

Total Income $466.15

Salary $466.15

Total Deductions $132.95

Federal Tax $73.56

Provincial Tax $39.76

CPP Contributions $15.60

EI Premiums $4.04

Net Pay $333.21

Marginal Tax Rate 43.4%

Average Tax Rate 24.31%

Comprehensive Deduction Rate 28.52%

$466.15 a day is how much per year?
What is the minimum wage in Ontario in 2024?

Hourly Salary

Total Income $62.15

Salary $62.15

Total Deductions $17.73

Federal Tax $9.81

Provincial Tax $5.30

CPP Contributions $2.08

EI Premiums $0.54

Net Pay $44.43

Marginal Tax Rate 43.4%

Average Tax Rate 24.31%

Comprehensive Deduction Rate 28.52%

$62.15 an hour is how much per year?
What is the minimum wage in Ontario in 2024?

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

Nunavut

Total Income $121,200.04

Total Deductions $30,479.34

Net Pay $90,720.70

Average Tax Rate 20.94%

Comprehensive Deduction Rate 25.15%

British Columbia

Total Income $121,200.04

Total Deductions $32,342.75

Net Pay $88,857.29

Average Tax Rate 22.47%

Comprehensive Deduction Rate 26.69%

Yukon

Total Income $121,200.04

Total Deductions $32,483.13

Net Pay $88,716.91

Average Tax Rate 22.59%

Comprehensive Deduction Rate 26.8%

Northwest Territories

Total Income $121,200.04

Total Deductions $32,718.81

Net Pay $88,481.23

Average Tax Rate 22.78%

Comprehensive Deduction Rate 27%

Alberta

Total Income $121,200.04

Total Deductions $33,715.37

Net Pay $87,484.67

Average Tax Rate 23.61%

Comprehensive Deduction Rate 27.82%

Ontario

Total Income $121,200.04

Total Deductions $34,566.20

Net Pay $86,633.84

Average Tax Rate 24.31%

Comprehensive Deduction Rate 28.52%

Saskatchewan

Total Income $121,200.04

Total Deductions $35,929.05

Net Pay $85,270.99

Average Tax Rate 25.43%

Comprehensive Deduction Rate 29.64%

Manitoba

Total Income $121,200.04

Total Deductions $37,565.82

Net Pay $83,634.22

Average Tax Rate 26.78%

Comprehensive Deduction Rate 30.99%

New Brunswick

Total Income $121,200.04

Total Deductions $37,680.45

Net Pay $83,519.59

Average Tax Rate 26.88%

Comprehensive Deduction Rate 31.09%

Newfoundland and Labrador

Total Income $121,200.04

Total Deductions $38,421.19

Net Pay $82,778.85

Average Tax Rate 27.49%

Comprehensive Deduction Rate 31.7%

Prince Edward Island

Total Income $121,200.04

Total Deductions $39,626.78

Net Pay $81,573.26

Average Tax Rate 28.48%

Comprehensive Deduction Rate 32.7%

Quebec

Total Income $121,200.04

Total Deductions $39,872.41

Net Pay $81,327.63

Average Tax Rate 28.24%

Comprehensive Deduction Rate 32.9%

Nova Scotia

Total Income $121,200.04

Total Deductions $40,689.27

Net Pay $80,510.77

Average Tax Rate 29.36%

Comprehensive Deduction Rate 33.57%

Region	Total Income	Total Deductions	Net Pay	Average Tax Rate	Comprehensive Deduction Rate
Nunavut	$121,200.04	$30,479.34	$90,720.70	20.94%	25.15%
British Columbia	$121,200.04	$32,342.75	$88,857.29	22.47%	26.69%
Yukon	$121,200.04	$32,483.13	$88,716.91	22.59%	26.8%
Northwest Territories	$121,200.04	$32,718.81	$88,481.23	22.78%	27%
Alberta	$121,200.04	$33,715.37	$87,484.67	23.61%	27.82%
Ontario	$121,200.04	$34,566.20	$86,633.84	24.31%	28.52%
Saskatchewan	$121,200.04	$35,929.05	$85,270.99	25.43%	29.64%
Manitoba	$121,200.04	$37,565.82	$83,634.22	26.78%	30.99%
New Brunswick	$121,200.04	$37,680.45	$83,519.59	26.88%	31.09%
Newfoundland and Labrador	$121,200.04	$38,421.19	$82,778.85	27.49%	31.7%
Prince Edward Island	$121,200.04	$39,626.78	$81,573.26	28.48%	32.7%
Quebec	$121,200.04	$39,872.41	$81,327.63	28.24%	32.9%
Nova Scotia	$121,200.04	$40,689.27	$80,510.77	29.36%	33.57%

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.