2024 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$250,010.80
Salary
$250,010.80
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$95,095.54
Federal Tax
$55,050.06
Provincial Tax
$34,940.86
CPP Contributions
$4,055.50
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$1,049.12
Net Pay
$154,915.26
Marginal Tax Rate
53.52%
Average Tax Rate
35.99%
Comprehensive Deduction Rate
38.04%
Monthly Salary
Total Income
$20,834.23
Salary
$20,834.23
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$7,924.63
Federal Tax
$4,587.51
Provincial Tax
$2,911.74
CPP Contributions
$337.96
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$87.43
Net Pay
$12,909.61
Marginal Tax Rate
53.52%
Average Tax Rate
35.99%
Comprehensive Deduction Rate
38.04%
Biweekly Salary
Total Income
$9,615.80
Salary
$9,615.80
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$3,657.52
Federal Tax
$2,117.31
Provincial Tax
$1,343.88
CPP Contributions
$155.98
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$40.35
Net Pay
$5,958.28
Marginal Tax Rate
53.52%
Average Tax Rate
35.99%
Comprehensive Deduction Rate
38.04%
Weekly Salary
Total Income
$4,807.90
Salary
$4,807.90
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,828.76
Federal Tax
$1,058.66
Provincial Tax
$671.94
CPP Contributions
$77.99
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$20.18
Net Pay
$2,979.14
Marginal Tax Rate
53.52%
Average Tax Rate
35.99%
Comprehensive Deduction Rate
38.04%
Daily Salary
Total Income
$961.58
Salary
$961.58
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$365.75
Federal Tax
$211.73
Provincial Tax
$134.39
CPP Contributions
$15.60
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$4.04
Net Pay
$595.83
Marginal Tax Rate
53.52%
Average Tax Rate
35.99%
Comprehensive Deduction Rate
38.04%
Hourly Salary
Total Income
$128.21
Salary
$128.21
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$48.77
Federal Tax
$28.23
Provincial Tax
$17.92
CPP Contributions
$2.08
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.54
Net Pay
$79.44
Marginal Tax Rate
53.52%
Average Tax Rate
35.99%
Comprehensive Deduction Rate
38.04%
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% |
Income taxes on annual salaries
Annual Income Tax by Province/Territory
Total Income
$250,010.80
Total Deductions
$79,918.14
Net Pay
$170,092.66
Average Tax Rate
29.92%
Comprehensive Deduction Rate
31.97%
Total Income
$250,010.80
Total Deductions
$83,908.27
Net Pay
$166,102.53
Average Tax Rate
31.52%
Comprehensive Deduction Rate
33.56%
Total Income
$250,010.80
Total Deductions
$85,405.44
Net Pay
$164,605.36
Average Tax Rate
32.12%
Comprehensive Deduction Rate
34.16%
Total Income
$250,010.80
Total Deductions
$85,940.49
Net Pay
$164,070.31
Average Tax Rate
32.33%
Comprehensive Deduction Rate
34.37%
Total Income
$250,010.80
Total Deductions
$88,346.64
Net Pay
$161,664.16
Average Tax Rate
33.3%
Comprehensive Deduction Rate
35.34%
Total Income
$250,010.80
Total Deductions
$89,981.17
Net Pay
$160,029.63
Average Tax Rate
33.95%
Comprehensive Deduction Rate
35.99%
Total Income
$250,010.80
Total Deductions
$95,095.54
Net Pay
$154,915.26
Average Tax Rate
35.99%
Comprehensive Deduction Rate
38.04%
Total Income
$250,010.80
Total Deductions
$95,904.45
Net Pay
$154,106.35
Average Tax Rate
36.32%
Comprehensive Deduction Rate
38.36%
Total Income
$250,010.80
Total Deductions
$96,488.11
Net Pay
$153,522.69
Average Tax Rate
36.55%
Comprehensive Deduction Rate
38.59%
Total Income
$250,010.80
Total Deductions
$97,296.28
Net Pay
$152,714.52
Average Tax Rate
36.88%
Comprehensive Deduction Rate
38.92%
Total Income
$250,010.80
Total Deductions
$99,563.36
Net Pay
$150,447.44
Average Tax Rate
37.78%
Comprehensive Deduction Rate
39.82%
Total Income
$250,010.80
Total Deductions
$102,657.09
Net Pay
$147,353.71
Average Tax Rate
39.02%
Comprehensive Deduction Rate
41.06%
Total Income
$250,010.80
Total Deductions
$102,933.42
Net Pay
$147,077.38
Average Tax Rate
38.91%
Comprehensive Deduction Rate
41.17%
| Region | Total Income | Total Deductions | Net Pay | Average Tax Rate | Comprehensive Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $250,010.80 | $79,918.14 | $170,092.66 | 29.92% | 31.97% |
| Yukon | $250,010.80 | $83,908.27 | $166,102.53 | 31.52% | 33.56% |
| Alberta | $250,010.80 | $85,405.44 | $164,605.36 | 32.12% | 34.16% |
| Northwest Territories | $250,010.80 | $85,940.49 | $164,070.31 | 32.33% | 34.37% |
| British Columbia | $250,010.80 | $88,346.64 | $161,664.16 | 33.3% | 35.34% |
| Saskatchewan | $250,010.80 | $89,981.17 | $160,029.63 | 33.95% | 35.99% |
| Ontario | $250,010.80 | $95,095.54 | $154,915.26 | 35.99% | 38.04% |
| Manitoba | $250,010.80 | $95,904.45 | $154,106.35 | 36.32% | 38.36% |
| New Brunswick | $250,010.80 | $96,488.11 | $153,522.69 | 36.55% | 38.59% |
| Newfoundland and Labrador | $250,010.80 | $97,296.28 | $152,714.52 | 36.88% | 38.92% |
| Prince Edward Island | $250,010.80 | $99,563.36 | $150,447.44 | 37.78% | 39.82% |
| Nova Scotia | $250,010.80 | $102,657.09 | $147,353.71 | 39.02% | 41.06% |
| Quebec | $250,010.80 | $102,933.42 | $147,077.38 | 38.91% | 41.17% |
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.