2024 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$88,004.80
Salary
$88,004.80
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$22,745.54
Federal Tax
$11,798.48
Provincial Tax
$5,842.44
CPP Contributions
$4,055.50
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$1,049.12
Net Pay
$65,259.26
Marginal Tax Rate
29.65%
Average Tax Rate
20.05%
Comprehensive Deduction Rate
25.85%
Monthly Salary
Total Income
$7,333.73
Salary
$7,333.73
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,895.46
Federal Tax
$983.21
Provincial Tax
$486.87
CPP Contributions
$337.96
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$87.43
Net Pay
$5,438.27
Marginal Tax Rate
29.65%
Average Tax Rate
20.05%
Comprehensive Deduction Rate
25.85%
Biweekly Salary
Total Income
$3,384.80
Salary
$3,384.80
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$874.83
Federal Tax
$453.79
Provincial Tax
$224.71
CPP Contributions
$155.98
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$40.35
Net Pay
$2,509.97
Marginal Tax Rate
29.65%
Average Tax Rate
20.05%
Comprehensive Deduction Rate
25.85%
Weekly Salary
Total Income
$1,692.40
Salary
$1,692.40
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$437.41
Federal Tax
$226.89
Provincial Tax
$112.35
CPP Contributions
$77.99
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$20.18
Net Pay
$1,254.99
Marginal Tax Rate
29.65%
Average Tax Rate
20.05%
Comprehensive Deduction Rate
25.85%
Daily Salary
Total Income
$338.48
Salary
$338.48
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$87.48
Federal Tax
$45.38
Provincial Tax
$22.47
CPP Contributions
$15.60
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$4.04
Net Pay
$251.00
Marginal Tax Rate
29.65%
Average Tax Rate
20.05%
Comprehensive Deduction Rate
25.85%
Hourly Salary
Total Income
$45.13
Salary
$45.13
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$11.66
Federal Tax
$6.05
Provincial Tax
$3.00
CPP Contributions
$2.08
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.54
Net Pay
$33.47
Marginal Tax Rate
29.65%
Average Tax Rate
20.05%
Comprehensive Deduction Rate
25.85%
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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
$88,004.80
Total Deductions
$20,536.66
Net Pay
$67,468.14
Average Tax Rate
17.54%
Comprehensive Deduction Rate
23.34%
Total Income
$88,004.80
Total Deductions
$21,551.62
Net Pay
$66,453.18
Average Tax Rate
18.69%
Comprehensive Deduction Rate
24.49%
Total Income
$88,004.80
Total Deductions
$21,817.80
Net Pay
$66,187.00
Average Tax Rate
18.99%
Comprehensive Deduction Rate
24.79%
Total Income
$88,004.80
Total Deductions
$21,988.74
Net Pay
$66,016.06
Average Tax Rate
19.19%
Comprehensive Deduction Rate
24.99%
Total Income
$88,004.80
Total Deductions
$22,745.54
Net Pay
$65,259.26
Average Tax Rate
20.05%
Comprehensive Deduction Rate
25.85%
Total Income
$88,004.80
Total Deductions
$23,069.83
Net Pay
$64,934.97
Average Tax Rate
20.41%
Comprehensive Deduction Rate
26.21%
Total Income
$88,004.80
Total Deductions
$24,453.62
Net Pay
$63,551.18
Average Tax Rate
21.99%
Comprehensive Deduction Rate
27.79%
Total Income
$88,004.80
Total Deductions
$25,021.60
Net Pay
$62,983.20
Average Tax Rate
22.63%
Comprehensive Deduction Rate
28.43%
Total Income
$88,004.80
Total Deductions
$25,281.09
Net Pay
$62,723.71
Average Tax Rate
22.93%
Comprehensive Deduction Rate
28.73%
Total Income
$88,004.80
Total Deductions
$25,850.32
Net Pay
$62,154.48
Average Tax Rate
23.57%
Comprehensive Deduction Rate
29.37%
Total Income
$88,004.80
Total Deductions
$26,554.55
Net Pay
$61,450.25
Average Tax Rate
24.37%
Comprehensive Deduction Rate
30.17%
Total Income
$88,004.80
Total Deductions
$26,597.22
Net Pay
$61,407.58
Average Tax Rate
23.84%
Comprehensive Deduction Rate
30.22%
Total Income
$88,004.80
Total Deductions
$27,595.64
Net Pay
$60,409.16
Average Tax Rate
25.56%
Comprehensive Deduction Rate
31.36%
| Region | Total Income | Total Deductions | Net Pay | Avg. Tax Rate | Comp. Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $88,004.80 | $20,536.66 | $67,468.14 | 17.54% | 23.34% |
| British Columbia | $88,004.80 | $21,551.62 | $66,453.18 | 18.69% | 24.49% |
| Northwest Territories | $88,004.80 | $21,817.80 | $66,187.00 | 18.99% | 24.79% |
| Yukon | $88,004.80 | $21,988.74 | $66,016.06 | 19.19% | 24.99% |
| Ontario | $88,004.80 | $22,745.54 | $65,259.26 | 20.05% | 25.85% |
| Alberta | $88,004.80 | $23,069.83 | $64,934.97 | 20.41% | 26.21% |
| Saskatchewan | $88,004.80 | $24,453.62 | $63,551.18 | 21.99% | 27.79% |
| Manitoba | $88,004.80 | $25,021.60 | $62,983.20 | 22.63% | 28.43% |
| New Brunswick | $88,004.80 | $25,281.09 | $62,723.71 | 22.93% | 28.73% |
| Newfoundland and Labrador | $88,004.80 | $25,850.32 | $62,154.48 | 23.57% | 29.37% |
| Prince Edward Island | $88,004.80 | $26,554.55 | $61,450.25 | 24.37% | 30.17% |
| Quebec | $88,004.80 | $26,597.22 | $61,407.58 | 23.84% | 30.22% |
| Nova Scotia | $88,004.80 | $27,595.64 | $60,409.16 | 25.56% | 31.36% |
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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