2024 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$68,000.40
Salary
$68,000.40
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$16,446.51
Federal Tax
$7,697.58
Provincial Tax
$3,862.04
CPP Contributions
$3,837.77
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$1,049.12
Net Pay
$51,553.89
Marginal Tax Rate
29.65%
Average Tax Rate
17%
Comprehensive Deduction Rate
24.19%
Monthly Salary
Total Income
$5,666.70
Salary
$5,666.70
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,370.54
Federal Tax
$641.47
Provincial Tax
$321.84
CPP Contributions
$319.81
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$87.43
Net Pay
$4,296.16
Marginal Tax Rate
29.65%
Average Tax Rate
17%
Comprehensive Deduction Rate
24.19%
Biweekly Salary
Total Income
$2,615.40
Salary
$2,615.40
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$632.56
Federal Tax
$296.06
Provincial Tax
$148.54
CPP Contributions
$147.61
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$40.35
Net Pay
$1,982.84
Marginal Tax Rate
29.65%
Average Tax Rate
17%
Comprehensive Deduction Rate
24.19%
Weekly Salary
Total Income
$1,307.70
Salary
$1,307.70
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$316.28
Federal Tax
$148.03
Provincial Tax
$74.27
CPP Contributions
$73.80
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$20.18
Net Pay
$991.42
Marginal Tax Rate
29.65%
Average Tax Rate
17%
Comprehensive Deduction Rate
24.19%
Daily Salary
Total Income
$261.54
Salary
$261.54
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$63.26
Federal Tax
$29.61
Provincial Tax
$14.85
CPP Contributions
$14.76
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$4.04
Net Pay
$198.28
Marginal Tax Rate
29.65%
Average Tax Rate
17%
Comprehensive Deduction Rate
24.19%
Hourly Salary
Total Income
$34.87
Salary
$34.87
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$8.43
Federal Tax
$3.95
Provincial Tax
$1.98
CPP Contributions
$1.97
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.54
Net Pay
$26.44
Marginal Tax Rate
29.65%
Average Tax Rate
17%
Comprehensive Deduction Rate
24.19%
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 monthly salaries
Annual Income Tax by Province/Territory
Total Income
$68,000.40
Total Deductions
$14,817.72
Net Pay
$53,182.68
Average Tax Rate
14.6%
Comprehensive Deduction Rate
21.79%
Total Income
$68,000.40
Total Deductions
$15,692.65
Net Pay
$52,307.75
Average Tax Rate
15.89%
Comprehensive Deduction Rate
23.08%
Total Income
$68,000.40
Total Deductions
$15,778.79
Net Pay
$52,221.61
Average Tax Rate
16.02%
Comprehensive Deduction Rate
23.2%
Total Income
$68,000.40
Total Deductions
$15,869.72
Net Pay
$52,130.68
Average Tax Rate
16.15%
Comprehensive Deduction Rate
23.34%
Total Income
$68,000.40
Total Deductions
$16,446.51
Net Pay
$51,553.89
Average Tax Rate
17%
Comprehensive Deduction Rate
24.19%
Total Income
$68,000.40
Total Deductions
$16,750.76
Net Pay
$51,249.64
Average Tax Rate
17.45%
Comprehensive Deduction Rate
24.63%
Total Income
$68,000.40
Total Deductions
$17,634.44
Net Pay
$50,365.96
Average Tax Rate
18.75%
Comprehensive Deduction Rate
25.93%
Total Income
$68,000.40
Total Deductions
$18,152.41
Net Pay
$49,847.99
Average Tax Rate
19.51%
Comprehensive Deduction Rate
26.69%
Total Income
$68,000.40
Total Deductions
$18,161.85
Net Pay
$49,838.55
Average Tax Rate
19.52%
Comprehensive Deduction Rate
26.71%
Total Income
$68,000.40
Total Deductions
$18,610.99
Net Pay
$49,389.41
Average Tax Rate
20.18%
Comprehensive Deduction Rate
27.37%
Total Income
$68,000.40
Total Deductions
$18,905.19
Net Pay
$49,095.21
Average Tax Rate
20.62%
Comprehensive Deduction Rate
27.8%
Total Income
$68,000.40
Total Deductions
$19,065.71
Net Pay
$48,934.69
Average Tax Rate
20.25%
Comprehensive Deduction Rate
28.04%
Total Income
$68,000.40
Total Deductions
$19,905.36
Net Pay
$48,095.04
Average Tax Rate
22.09%
Comprehensive Deduction Rate
29.27%
Region | Total Income | Total Deductions | Net Pay | Average Tax Rate | Comprehensive Deduction Rate |
---|---|---|---|---|---|
Nunavut | $68,000.40 | $14,817.72 | $53,182.68 | 14.6% | 21.79% |
British Columbia | $68,000.40 | $15,692.65 | $52,307.75 | 15.89% | 23.08% |
Northwest Territories | $68,000.40 | $15,778.79 | $52,221.61 | 16.02% | 23.2% |
Yukon | $68,000.40 | $15,869.72 | $52,130.68 | 16.15% | 23.34% |
Ontario | $68,000.40 | $16,446.51 | $51,553.89 | 17% | 24.19% |
Alberta | $68,000.40 | $16,750.76 | $51,249.64 | 17.45% | 24.63% |
Saskatchewan | $68,000.40 | $17,634.44 | $50,365.96 | 18.75% | 25.93% |
Manitoba | $68,000.40 | $18,152.41 | $49,847.99 | 19.51% | 26.69% |
New Brunswick | $68,000.40 | $18,161.85 | $49,838.55 | 19.52% | 26.71% |
Newfoundland and Labrador | $68,000.40 | $18,610.99 | $49,389.41 | 20.18% | 27.37% |
Prince Edward Island | $68,000.40 | $18,905.19 | $49,095.21 | 20.62% | 27.8% |
Quebec | $68,000.40 | $19,065.71 | $48,934.69 | 20.25% | 28.04% |
Nova Scotia | $68,000.40 | $19,905.36 | $48,095.04 | 22.09% | 29.27% |
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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