2024 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$42,000.00
Salary
$42,000.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$8,108.23
Federal Tax
$3,326.32
Provincial Tax
$1,793.96
CPP Contributions
$2,290.75
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$697.20
Net Pay
$33,891.77
Marginal Tax Rate
18.64%
Average Tax Rate
12.19%
Comprehensive Deduction Rate
19.31%
Monthly Salary
Total Income
$3,500.00
Salary
$3,500.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$675.69
Federal Tax
$277.19
Provincial Tax
$149.50
CPP Contributions
$190.90
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$58.10
Net Pay
$2,824.31
Marginal Tax Rate
18.64%
Average Tax Rate
12.19%
Comprehensive Deduction Rate
19.31%
Biweekly Salary
Total Income
$1,615.38
Salary
$1,615.38
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$311.86
Federal Tax
$127.94
Provincial Tax
$69.00
CPP Contributions
$88.11
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$26.82
Net Pay
$1,303.53
Marginal Tax Rate
18.64%
Average Tax Rate
12.19%
Comprehensive Deduction Rate
19.31%
Weekly Salary
Total Income
$807.69
Salary
$807.69
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$155.93
Federal Tax
$63.97
Provincial Tax
$34.50
CPP Contributions
$44.05
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$13.41
Net Pay
$651.76
Marginal Tax Rate
18.64%
Average Tax Rate
12.19%
Comprehensive Deduction Rate
19.31%
Daily Salary
Total Income
$161.54
Salary
$161.54
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$31.19
Federal Tax
$12.79
Provincial Tax
$6.90
CPP Contributions
$8.81
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$2.68
Net Pay
$130.35
Marginal Tax Rate
18.64%
Average Tax Rate
12.19%
Comprehensive Deduction Rate
19.31%
Hourly Salary
Total Income
$21.54
Salary
$21.54
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$4.16
Federal Tax
$1.71
Provincial Tax
$0.92
CPP Contributions
$1.17
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.36
Net Pay
$17.38
Marginal Tax Rate
18.64%
Average Tax Rate
12.19%
Comprehensive Deduction Rate
19.31%
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
$42,000.00
Total Deductions
$7,124.07
Net Pay
$34,875.93
Average Tax Rate
9.85%
Comprehensive Deduction Rate
16.96%
Total Income
$42,000.00
Total Deductions
$7,590.97
Net Pay
$34,409.03
Average Tax Rate
10.96%
Comprehensive Deduction Rate
18.07%
Total Income
$42,000.00
Total Deductions
$7,651.73
Net Pay
$34,348.27
Average Tax Rate
11.1%
Comprehensive Deduction Rate
18.22%
Total Income
$42,000.00
Total Deductions
$7,714.21
Net Pay
$34,285.79
Average Tax Rate
11.25%
Comprehensive Deduction Rate
18.37%
Total Income
$42,000.00
Total Deductions
$8,026.97
Net Pay
$33,973.03
Average Tax Rate
12%
Comprehensive Deduction Rate
19.11%
Total Income
$42,000.00
Total Deductions
$8,108.23
Net Pay
$33,891.77
Average Tax Rate
12.19%
Comprehensive Deduction Rate
19.31%
Total Income
$42,000.00
Total Deductions
$8,468.98
Net Pay
$33,531.02
Average Tax Rate
13.05%
Comprehensive Deduction Rate
20.16%
Total Income
$42,000.00
Total Deductions
$8,755.26
Net Pay
$33,244.74
Average Tax Rate
13.73%
Comprehensive Deduction Rate
20.85%
Total Income
$42,000.00
Total Deductions
$8,767.15
Net Pay
$33,232.85
Average Tax Rate
13.76%
Comprehensive Deduction Rate
20.87%
Total Income
$42,000.00
Total Deductions
$8,823.33
Net Pay
$33,176.67
Average Tax Rate
13.89%
Comprehensive Deduction Rate
21.01%
Total Income
$42,000.00
Total Deductions
$8,952.88
Net Pay
$33,047.12
Average Tax Rate
13.64%
Comprehensive Deduction Rate
21.32%
Total Income
$42,000.00
Total Deductions
$9,123.05
Net Pay
$32,876.95
Average Tax Rate
14.61%
Comprehensive Deduction Rate
21.72%
Total Income
$42,000.00
Total Deductions
$9,588.11
Net Pay
$32,411.89
Average Tax Rate
15.71%
Comprehensive Deduction Rate
22.83%
| Region | Total Income | Total Deductions | Net Pay | Avg. Tax Rate | Comp. Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $42,000.00 | $7,124.07 | $34,875.93 | 9.85% | 16.96% |
| Northwest Territories | $42,000.00 | $7,590.97 | $34,409.03 | 10.96% | 18.07% |
| British Columbia | $42,000.00 | $7,651.73 | $34,348.27 | 11.1% | 18.22% |
| Yukon | $42,000.00 | $7,714.21 | $34,285.79 | 11.25% | 18.37% |
| Alberta | $42,000.00 | $8,026.97 | $33,973.03 | 12% | 19.11% |
| Ontario | $42,000.00 | $8,108.23 | $33,891.77 | 12.19% | 19.31% |
| Saskatchewan | $42,000.00 | $8,468.98 | $33,531.02 | 13.05% | 20.16% |
| New Brunswick | $42,000.00 | $8,755.26 | $33,244.74 | 13.73% | 20.85% |
| Newfoundland and Labrador | $42,000.00 | $8,767.15 | $33,232.85 | 13.76% | 20.87% |
| Manitoba | $42,000.00 | $8,823.33 | $33,176.67 | 13.89% | 21.01% |
| Quebec | $42,000.00 | $8,952.88 | $33,047.12 | 13.64% | 21.32% |
| Prince Edward Island | $42,000.00 | $9,123.05 | $32,876.95 | 14.61% | 21.72% |
| Nova Scotia | $42,000.00 | $9,588.11 | $32,411.89 | 15.71% | 22.83% |
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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