2024 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$49,199.76
Salary
$49,199.76
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$10,148.29
Federal Tax
$4,332.55
Provincial Tax
$2,279.88
CPP Contributions
$2,719.14
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$816.72
Net Pay
$39,051.47
Marginal Tax Rate
18.64%
Average Tax Rate
13.44%
Comprehensive Deduction Rate
20.63%
Monthly Salary
Total Income
$4,099.98
Salary
$4,099.98
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$845.69
Federal Tax
$361.05
Provincial Tax
$189.99
CPP Contributions
$226.60
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$68.06
Net Pay
$3,254.29
Marginal Tax Rate
18.64%
Average Tax Rate
13.44%
Comprehensive Deduction Rate
20.63%
Biweekly Salary
Total Income
$1,892.30
Salary
$1,892.30
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$390.32
Federal Tax
$166.64
Provincial Tax
$87.69
CPP Contributions
$104.58
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$31.41
Net Pay
$1,501.98
Marginal Tax Rate
18.64%
Average Tax Rate
13.44%
Comprehensive Deduction Rate
20.63%
Weekly Salary
Total Income
$946.15
Salary
$946.15
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$195.16
Federal Tax
$83.32
Provincial Tax
$43.84
CPP Contributions
$52.29
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$15.71
Net Pay
$750.99
Marginal Tax Rate
18.64%
Average Tax Rate
13.44%
Comprehensive Deduction Rate
20.63%
Daily Salary
Total Income
$189.23
Salary
$189.23
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$39.03
Federal Tax
$16.66
Provincial Tax
$8.77
CPP Contributions
$10.46
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$3.14
Net Pay
$150.20
Marginal Tax Rate
18.64%
Average Tax Rate
13.44%
Comprehensive Deduction Rate
20.63%
Hourly Salary
Total Income
$25.23
Salary
$25.23
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$5.20
Federal Tax
$2.22
Provincial Tax
$1.17
CPP Contributions
$1.39
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.42
Net Pay
$20.03
Marginal Tax Rate
18.64%
Average Tax Rate
13.44%
Comprehensive Deduction Rate
20.63%
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
$49,199.76
Total Deductions
$8,944.29
Net Pay
$40,255.47
Average Tax Rate
10.99%
Comprehensive Deduction Rate
18.18%
Total Income
$49,199.76
Total Deductions
$9,537.57
Net Pay
$39,662.19
Average Tax Rate
12.2%
Comprehensive Deduction Rate
19.39%
Total Income
$49,199.76
Total Deductions
$9,575.33
Net Pay
$39,624.43
Average Tax Rate
12.28%
Comprehensive Deduction Rate
19.46%
Total Income
$49,199.76
Total Deductions
$9,694.06
Net Pay
$39,505.70
Average Tax Rate
12.52%
Comprehensive Deduction Rate
19.7%
Total Income
$49,199.76
Total Deductions
$10,148.29
Net Pay
$39,051.47
Average Tax Rate
13.44%
Comprehensive Deduction Rate
20.63%
Total Income
$49,199.76
Total Deductions
$10,246.30
Net Pay
$38,953.46
Average Tax Rate
13.64%
Comprehensive Deduction Rate
20.83%
Total Income
$49,199.76
Total Deductions
$10,721.55
Net Pay
$38,478.21
Average Tax Rate
14.61%
Comprehensive Deduction Rate
21.79%
Total Income
$49,199.76
Total Deductions
$10,934.68
Net Pay
$38,265.08
Average Tax Rate
15.04%
Comprehensive Deduction Rate
22.23%
Total Income
$49,199.76
Total Deductions
$11,138.27
Net Pay
$38,061.49
Average Tax Rate
15.45%
Comprehensive Deduction Rate
22.64%
Total Income
$49,199.76
Total Deductions
$11,248.59
Net Pay
$37,951.17
Average Tax Rate
15.68%
Comprehensive Deduction Rate
22.86%
Total Income
$49,199.76
Total Deductions
$11,383.27
Net Pay
$37,816.49
Average Tax Rate
15.38%
Comprehensive Deduction Rate
23.14%
Total Income
$49,199.76
Total Deductions
$11,604.83
Net Pay
$37,594.93
Average Tax Rate
16.4%
Comprehensive Deduction Rate
23.59%
Total Income
$49,199.76
Total Deductions
$12,208.42
Net Pay
$36,991.34
Average Tax Rate
17.63%
Comprehensive Deduction Rate
24.81%
Region | Total Income | Total Deductions | Net Pay | Average Tax Rate | Comprehensive Deduction Rate |
---|---|---|---|---|---|
Nunavut | $49,199.76 | $8,944.29 | $40,255.47 | 10.99% | 18.18% |
Northwest Territories | $49,199.76 | $9,537.57 | $39,662.19 | 12.2% | 19.39% |
British Columbia | $49,199.76 | $9,575.33 | $39,624.43 | 12.28% | 19.46% |
Yukon | $49,199.76 | $9,694.06 | $39,505.70 | 12.52% | 19.7% |
Ontario | $49,199.76 | $10,148.29 | $39,051.47 | 13.44% | 20.63% |
Alberta | $49,199.76 | $10,246.30 | $38,953.46 | 13.64% | 20.83% |
Saskatchewan | $49,199.76 | $10,721.55 | $38,478.21 | 14.61% | 21.79% |
New Brunswick | $49,199.76 | $10,934.68 | $38,265.08 | 15.04% | 22.23% |
Manitoba | $49,199.76 | $11,138.27 | $38,061.49 | 15.45% | 22.64% |
Newfoundland and Labrador | $49,199.76 | $11,248.59 | $37,951.17 | 15.68% | 22.86% |
Quebec | $49,199.76 | $11,383.27 | $37,816.49 | 15.38% | 23.14% |
Prince Edward Island | $49,199.76 | $11,604.83 | $37,594.93 | 16.4% | 23.59% |
Nova Scotia | $49,199.76 | $12,208.42 | $36,991.34 | 17.63% | 24.81% |
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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