2024 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$56,000.00
Salary
$56,000.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$12,127.46
Federal Tax
$5,289.95
Provincial Tax
$2,784.16
CPP Contributions
$3,123.75
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$929.60
Net Pay
$43,872.54
Marginal Tax Rate
28.24%
Average Tax Rate
14.42%
Comprehensive Deduction Rate
21.66%
Monthly Salary
Total Income
$4,666.67
Salary
$4,666.67
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,010.62
Federal Tax
$440.83
Provincial Tax
$232.01
CPP Contributions
$260.31
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$77.47
Net Pay
$3,656.05
Marginal Tax Rate
28.24%
Average Tax Rate
14.42%
Comprehensive Deduction Rate
21.66%
Biweekly Salary
Total Income
$2,153.85
Salary
$2,153.85
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$466.44
Federal Tax
$203.46
Provincial Tax
$107.08
CPP Contributions
$120.14
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$35.75
Net Pay
$1,687.41
Marginal Tax Rate
28.24%
Average Tax Rate
14.42%
Comprehensive Deduction Rate
21.66%
Weekly Salary
Total Income
$1,076.92
Salary
$1,076.92
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$233.22
Federal Tax
$101.73
Provincial Tax
$53.54
CPP Contributions
$60.07
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$17.88
Net Pay
$843.70
Marginal Tax Rate
28.24%
Average Tax Rate
14.42%
Comprehensive Deduction Rate
21.66%
Daily Salary
Total Income
$215.38
Salary
$215.38
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$46.64
Federal Tax
$20.35
Provincial Tax
$10.71
CPP Contributions
$12.01
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$3.58
Net Pay
$168.74
Marginal Tax Rate
28.24%
Average Tax Rate
14.42%
Comprehensive Deduction Rate
21.66%
Hourly Salary
Total Income
$28.72
Salary
$28.72
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$6.22
Federal Tax
$2.71
Provincial Tax
$1.43
CPP Contributions
$1.60
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.48
Net Pay
$22.50
Marginal Tax Rate
28.24%
Average Tax Rate
14.42%
Comprehensive Deduction Rate
21.66%
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
$56,000.00
Total Deductions
$10,752.49
Net Pay
$45,247.51
Average Tax Rate
11.96%
Comprehensive Deduction Rate
19.2%
Total Income
$56,000.00
Total Deductions
$11,529.14
Net Pay
$44,470.86
Average Tax Rate
13.35%
Comprehensive Deduction Rate
20.59%
Total Income
$56,000.00
Total Deductions
$11,547.65
Net Pay
$44,452.35
Average Tax Rate
13.38%
Comprehensive Deduction Rate
20.62%
Total Income
$56,000.00
Total Deductions
$11,574.06
Net Pay
$44,425.94
Average Tax Rate
13.43%
Comprehensive Deduction Rate
20.67%
Total Income
$56,000.00
Total Deductions
$12,127.46
Net Pay
$43,872.54
Average Tax Rate
14.42%
Comprehensive Deduction Rate
21.66%
Total Income
$56,000.00
Total Deductions
$12,349.46
Net Pay
$43,650.54
Average Tax Rate
14.81%
Comprehensive Deduction Rate
22.05%
Total Income
$56,000.00
Total Deductions
$12,935.14
Net Pay
$43,064.86
Average Tax Rate
15.86%
Comprehensive Deduction Rate
23.1%
Total Income
$56,000.00
Total Deductions
$13,278.15
Net Pay
$42,721.85
Average Tax Rate
16.47%
Comprehensive Deduction Rate
23.71%
Total Income
$56,000.00
Total Deductions
$13,424.30
Net Pay
$42,575.70
Average Tax Rate
16.73%
Comprehensive Deduction Rate
23.97%
Total Income
$56,000.00
Total Deductions
$13,664.49
Net Pay
$42,335.51
Average Tax Rate
17.16%
Comprehensive Deduction Rate
24.4%
Total Income
$56,000.00
Total Deductions
$13,833.88
Net Pay
$42,166.12
Average Tax Rate
16.89%
Comprehensive Deduction Rate
24.7%
Total Income
$56,000.00
Total Deductions
$13,955.87
Net Pay
$42,044.13
Average Tax Rate
17.68%
Comprehensive Deduction Rate
24.92%
Total Income
$56,000.00
Total Deductions
$14,690.32
Net Pay
$41,309.68
Average Tax Rate
18.99%
Comprehensive Deduction Rate
26.23%
| Region | Total Income | Total Deductions | Net Pay | Avg. Tax Rate | Comp. Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $56,000.00 | $10,752.49 | $45,247.51 | 11.96% | 19.2% |
| Northwest Territories | $56,000.00 | $11,529.14 | $44,470.86 | 13.35% | 20.59% |
| British Columbia | $56,000.00 | $11,547.65 | $44,452.35 | 13.38% | 20.62% |
| Yukon | $56,000.00 | $11,574.06 | $44,425.94 | 13.43% | 20.67% |
| Ontario | $56,000.00 | $12,127.46 | $43,872.54 | 14.42% | 21.66% |
| Alberta | $56,000.00 | $12,349.46 | $43,650.54 | 14.81% | 22.05% |
| Saskatchewan | $56,000.00 | $12,935.14 | $43,064.86 | 15.86% | 23.1% |
| New Brunswick | $56,000.00 | $13,278.15 | $42,721.85 | 16.47% | 23.71% |
| Manitoba | $56,000.00 | $13,424.30 | $42,575.70 | 16.73% | 23.97% |
| Newfoundland and Labrador | $56,000.00 | $13,664.49 | $42,335.51 | 17.16% | 24.4% |
| Quebec | $56,000.00 | $13,833.88 | $42,166.12 | 16.89% | 24.7% |
| Prince Edward Island | $56,000.00 | $13,955.87 | $42,044.13 | 17.68% | 24.92% |
| Nova Scotia | $56,000.00 | $14,690.32 | $41,309.68 | 18.99% | 26.23% |
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 paying $56,000+/year
Advantage Personnel
-
109 Jobs
Ottawa, ON
$32.00 / hour
Full-time
19 days ago
Advantage Personnel
-
109 Jobs
Oakville, ON
$75,000 - $90,000 / year
Full-time
26 days ago
Paladin Security
-
120 Jobs
Toronto, ON
$51,000 - $61,000 / year
Full-time
28 days ago
Are you looking to relocate to Ontario or just browsing through cities within the province/territory?
Check out our Ontario demographics page for more information.