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2024 Ontario Income Tax Calculator

Calculate your take-home pay after tax.

Your Results

Yearly Salary
Total Income $40,800.00
Salary $40,800.00
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $7,793.21
Federal Tax $3,158.61
Provincial Tax $1,737.97
CPP Contributions $2,219.35
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $677.28
Net Pay $33,006.79
Marginal Tax Rate 18.64%
Average Tax Rate 12%
Comprehensive Deduction Rate 19.1%
$40,800.00 a year is how much per hour?
What is the minimum wage in Ontario in 2025?
Monthly Salary
Total Income $3,400.00
Salary $3,400.00
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $649.43
Federal Tax $263.22
Provincial Tax $144.83
CPP Contributions $184.95
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $56.44
Net Pay $2,750.57
Marginal Tax Rate 18.64%
Average Tax Rate 12%
Comprehensive Deduction Rate 19.1%
$3,400.00 a month is how much per year?
What is the minimum wage in Ontario in 2025?
Biweekly Salary
Total Income $1,569.23
Salary $1,569.23
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $299.74
Federal Tax $121.49
Provincial Tax $66.85
CPP Contributions $85.36
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $26.05
Net Pay $1,269.49
Marginal Tax Rate 18.64%
Average Tax Rate 12%
Comprehensive Deduction Rate 19.1%
$1,569.23 per two weeks is how much per year?
What is the minimum wage in Ontario in 2025?
Weekly Salary
Total Income $784.62
Salary $784.62
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $149.87
Federal Tax $60.74
Provincial Tax $33.42
CPP Contributions $42.68
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $13.02
Net Pay $634.75
Marginal Tax Rate 18.64%
Average Tax Rate 12%
Comprehensive Deduction Rate 19.1%
$784.62 a week is how much per year?
What is the minimum wage in Ontario in 2025?
Daily Salary
Total Income $156.92
Salary $156.92
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $29.97
Federal Tax $12.15
Provincial Tax $6.68
CPP Contributions $8.54
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $2.60
Net Pay $126.95
Marginal Tax Rate 18.64%
Average Tax Rate 12%
Comprehensive Deduction Rate 19.1%
$156.92 a day is how much per year?
What is the minimum wage in Ontario in 2025?
Hourly Salary
Total Income $20.92
Salary $20.92
Bonus $0.00
Commission $0.00
Pension Income $0.00
Taxable Benefit $0.00
RRSP $0.00
Total Deductions $4.00
Federal Tax $1.62
Provincial Tax $0.89
CPP Contributions $1.14
QPP Contributions $0.00
QPIP Premiums $0.00
EI Premiums $0.35
Net Pay $16.93
Marginal Tax Rate 18.64%
Average Tax Rate 12%
Comprehensive Deduction Rate 19.1%
$20.92 an hour is how much per year?
What is the minimum wage in Ontario in 2025?

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 $40,800.00
Total Deductions $6,820.69
Net Pay $33,979.31
Average Tax Rate 9.62%
Comprehensive Deduction Rate 16.72%
Total Income $40,800.00
Total Deductions $7,266.53
Net Pay $33,533.47
Average Tax Rate 10.71%
Comprehensive Deduction Rate 17.81%
Total Income $40,800.00
Total Deductions $7,336.60
Net Pay $33,463.40
Average Tax Rate 10.88%
Comprehensive Deduction Rate 17.98%
Total Income $40,800.00
Total Deductions $7,384.23
Net Pay $33,415.77
Average Tax Rate 11%
Comprehensive Deduction Rate 18.1%
Total Income $40,800.00
Total Deductions $7,657.08
Net Pay $33,142.92
Average Tax Rate 11.67%
Comprehensive Deduction Rate 18.77%
Total Income $40,800.00
Total Deductions $7,793.21
Net Pay $33,006.79
Average Tax Rate 12%
Comprehensive Deduction Rate 19.1%
Total Income $40,800.00
Total Deductions $8,093.53
Net Pay $32,706.47
Average Tax Rate 12.74%
Comprehensive Deduction Rate 19.84%
Total Income $40,800.00
Total Deductions $8,392.02
Net Pay $32,407.98
Average Tax Rate 13.47%
Comprehensive Deduction Rate 20.57%
Total Income $40,800.00
Total Deductions $8,411.66
Net Pay $32,388.34
Average Tax Rate 13.52%
Comprehensive Deduction Rate 20.62%
Total Income $40,800.00
Total Deductions $8,444.56
Net Pay $32,355.44
Average Tax Rate 13.6%
Comprehensive Deduction Rate 20.7%
Total Income $40,800.00
Total Deductions $8,547.79
Net Pay $32,252.21
Average Tax Rate 13.29%
Comprehensive Deduction Rate 20.95%
Total Income $40,800.00
Total Deductions $8,709.41
Net Pay $32,090.59
Average Tax Rate 14.25%
Comprehensive Deduction Rate 21.35%
Total Income $40,800.00
Total Deductions $9,151.38
Net Pay $31,648.62
Average Tax Rate 15.33%
Comprehensive Deduction Rate 22.43%
Region Total Income Total Deductions Net Pay Avg. Tax Rate Comp. Deduction Rate
Nunavut $40,800.00 $6,820.69 $33,979.31 9.62% 16.72%
Northwest Territories $40,800.00 $7,266.53 $33,533.47 10.71% 17.81%
British Columbia $40,800.00 $7,336.60 $33,463.40 10.88% 17.98%
Yukon $40,800.00 $7,384.23 $33,415.77 11% 18.1%
Alberta $40,800.00 $7,657.08 $33,142.92 11.67% 18.77%
Ontario $40,800.00 $7,793.21 $33,006.79 12% 19.1%
Saskatchewan $40,800.00 $8,093.53 $32,706.47 12.74% 19.84%
New Brunswick $40,800.00 $8,392.02 $32,407.98 13.47% 20.57%
Newfoundland and Labrador $40,800.00 $8,411.66 $32,388.34 13.52% 20.62%
Manitoba $40,800.00 $8,444.56 $32,355.44 13.6% 20.7%
Quebec $40,800.00 $8,547.79 $32,252.21 13.29% 20.95%
Prince Edward Island $40,800.00 $8,709.41 $32,090.59 14.25% 21.35%
Nova Scotia $40,800.00 $9,151.38 $31,648.62 15.33% 22.43%
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.