2024 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$150,598.76
Salary
$150,598.76
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$47,337.41
Federal Tax
$26,768.17
Provincial Tax
$15,464.62
CPP Contributions
$4,055.50
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$1,049.12
Net Pay
$103,261.35
Marginal Tax Rate
44.97%
Average Tax Rate
28.04%
Comprehensive Deduction Rate
31.43%
Monthly Salary
Total Income
$12,549.90
Salary
$12,549.90
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$3,944.78
Federal Tax
$2,230.68
Provincial Tax
$1,288.72
CPP Contributions
$337.96
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$87.43
Net Pay
$8,605.11
Marginal Tax Rate
44.97%
Average Tax Rate
28.04%
Comprehensive Deduction Rate
31.43%
Biweekly Salary
Total Income
$5,792.26
Salary
$5,792.26
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,820.67
Federal Tax
$1,029.55
Provincial Tax
$594.79
CPP Contributions
$155.98
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$40.35
Net Pay
$3,971.59
Marginal Tax Rate
44.97%
Average Tax Rate
28.04%
Comprehensive Deduction Rate
31.43%
Weekly Salary
Total Income
$2,896.13
Salary
$2,896.13
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$910.33
Federal Tax
$514.77
Provincial Tax
$297.40
CPP Contributions
$77.99
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$20.18
Net Pay
$1,985.80
Marginal Tax Rate
44.97%
Average Tax Rate
28.04%
Comprehensive Deduction Rate
31.43%
Daily Salary
Total Income
$579.23
Salary
$579.23
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$182.07
Federal Tax
$102.95
Provincial Tax
$59.48
CPP Contributions
$15.60
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$4.04
Net Pay
$397.16
Marginal Tax Rate
44.97%
Average Tax Rate
28.04%
Comprehensive Deduction Rate
31.43%
Hourly Salary
Total Income
$77.23
Salary
$77.23
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$24.28
Federal Tax
$13.73
Provincial Tax
$7.93
CPP Contributions
$2.08
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.54
Net Pay
$52.95
Marginal Tax Rate
44.97%
Average Tax Rate
28.04%
Comprehensive Deduction Rate
31.43%
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
$150,598.76
Total Deductions
$40,768.90
Net Pay
$109,829.86
Average Tax Rate
23.68%
Comprehensive Deduction Rate
27.07%
Total Income
$150,598.76
Total Deductions
$43,331.26
Net Pay
$107,267.50
Average Tax Rate
25.38%
Comprehensive Deduction Rate
28.77%
Total Income
$150,598.76
Total Deductions
$43,949.13
Net Pay
$106,649.63
Average Tax Rate
25.79%
Comprehensive Deduction Rate
29.18%
Total Income
$150,598.76
Total Deductions
$44,006.96
Net Pay
$106,591.80
Average Tax Rate
25.83%
Comprehensive Deduction Rate
29.22%
Total Income
$150,598.76
Total Deductions
$44,345.89
Net Pay
$106,252.87
Average Tax Rate
26.06%
Comprehensive Deduction Rate
29.45%
Total Income
$150,598.76
Total Deductions
$47,284.53
Net Pay
$103,314.23
Average Tax Rate
28.01%
Comprehensive Deduction Rate
31.4%
Total Income
$150,598.76
Total Deductions
$47,337.41
Net Pay
$103,261.35
Average Tax Rate
28.04%
Comprehensive Deduction Rate
31.43%
Total Income
$150,598.76
Total Deductions
$50,027.91
Net Pay
$100,570.85
Average Tax Rate
29.83%
Comprehensive Deduction Rate
33.22%
Total Income
$150,598.76
Total Deductions
$50,324.86
Net Pay
$100,273.90
Average Tax Rate
30.03%
Comprehensive Deduction Rate
33.42%
Total Income
$150,598.76
Total Deductions
$50,709.85
Net Pay
$99,888.91
Average Tax Rate
30.28%
Comprehensive Deduction Rate
33.67%
Total Income
$150,598.76
Total Deductions
$52,641.71
Net Pay
$97,957.05
Average Tax Rate
31.57%
Comprehensive Deduction Rate
34.95%
Total Income
$150,598.76
Total Deductions
$53,498.67
Net Pay
$97,100.09
Average Tax Rate
32.13%
Comprehensive Deduction Rate
35.52%
Total Income
$150,598.76
Total Deductions
$53,719.44
Net Pay
$96,879.32
Average Tax Rate
31.92%
Comprehensive Deduction Rate
35.67%
| Region | Total Income | Total Deductions | Net Pay | Average Tax Rate | Comprehensive Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $150,598.76 | $40,768.90 | $109,829.86 | 23.68% | 27.07% |
| Yukon | $150,598.76 | $43,331.26 | $107,267.50 | 25.38% | 28.77% |
| Northwest Territories | $150,598.76 | $43,949.13 | $106,649.63 | 25.79% | 29.18% |
| British Columbia | $150,598.76 | $44,006.96 | $106,591.80 | 25.83% | 29.22% |
| Alberta | $150,598.76 | $44,345.89 | $106,252.87 | 26.06% | 29.45% |
| Saskatchewan | $150,598.76 | $47,284.53 | $103,314.23 | 28.01% | 31.4% |
| Ontario | $150,598.76 | $47,337.41 | $103,261.35 | 28.04% | 31.43% |
| New Brunswick | $150,598.76 | $50,027.91 | $100,570.85 | 29.83% | 33.22% |
| Manitoba | $150,598.76 | $50,324.86 | $100,273.90 | 30.03% | 33.42% |
| Newfoundland and Labrador | $150,598.76 | $50,709.85 | $99,888.91 | 30.28% | 33.67% |
| Prince Edward Island | $150,598.76 | $52,641.71 | $97,957.05 | 31.57% | 34.95% |
| Nova Scotia | $150,598.76 | $53,498.67 | $97,100.09 | 32.13% | 35.52% |
| Quebec | $150,598.76 | $53,719.44 | $96,879.32 | 31.92% | 35.67% |
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.
Jobs in Ontario
Advantage Personnel
-
246 Jobs
Kingston, ON
$115.00 / hour
Full-time
10 days ago
Quick Apply
Kinetic Physiotherapy
Burlington, ON
$40.00 - $70.00 / hour
Permanent
3 days ago