2024 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$60,431.76
Salary
$60,431.76
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$13,726.43
Federal Tax
$6,160.64
Provincial Tax
$3,175.18
CPP Contributions
$3,387.44
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$1,003.17
Net Pay
$46,705.33
Marginal Tax Rate
28.58%
Average Tax Rate
15.45%
Comprehensive Deduction Rate
22.71%
Monthly Salary
Total Income
$5,035.98
Salary
$5,035.98
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,143.87
Federal Tax
$513.39
Provincial Tax
$264.60
CPP Contributions
$282.29
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$83.60
Net Pay
$3,892.11
Marginal Tax Rate
28.58%
Average Tax Rate
15.45%
Comprehensive Deduction Rate
22.71%
Biweekly Salary
Total Income
$2,324.30
Salary
$2,324.30
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$527.94
Federal Tax
$236.95
Provincial Tax
$122.12
CPP Contributions
$130.29
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$38.58
Net Pay
$1,796.36
Marginal Tax Rate
28.58%
Average Tax Rate
15.45%
Comprehensive Deduction Rate
22.71%
Weekly Salary
Total Income
$1,162.15
Salary
$1,162.15
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$263.97
Federal Tax
$118.47
Provincial Tax
$61.06
CPP Contributions
$65.14
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$19.29
Net Pay
$898.18
Marginal Tax Rate
28.58%
Average Tax Rate
15.45%
Comprehensive Deduction Rate
22.71%
Daily Salary
Total Income
$232.43
Salary
$232.43
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$52.79
Federal Tax
$23.69
Provincial Tax
$12.21
CPP Contributions
$13.03
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$3.86
Net Pay
$179.64
Marginal Tax Rate
28.58%
Average Tax Rate
15.45%
Comprehensive Deduction Rate
22.71%
Hourly Salary
Total Income
$30.99
Salary
$30.99
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$7.04
Federal Tax
$3.16
Provincial Tax
$1.63
CPP Contributions
$1.74
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.51
Net Pay
$23.95
Marginal Tax Rate
28.58%
Average Tax Rate
15.45%
Comprehensive Deduction Rate
22.71%
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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
$60,431.76
Total Deductions
$12,259.18
Net Pay
$48,172.58
Average Tax Rate
13.02%
Comprehensive Deduction Rate
20.29%
Total Income
$60,431.76
Total Deductions
$13,082.34
Net Pay
$47,349.42
Average Tax Rate
14.38%
Comprehensive Deduction Rate
21.65%
Total Income
$60,431.76
Total Deductions
$13,101.30
Net Pay
$47,330.46
Average Tax Rate
14.41%
Comprehensive Deduction Rate
21.68%
Total Income
$60,431.76
Total Deductions
$13,162.51
Net Pay
$47,269.25
Average Tax Rate
14.52%
Comprehensive Deduction Rate
21.78%
Total Income
$60,431.76
Total Deductions
$13,726.43
Net Pay
$46,705.33
Average Tax Rate
15.45%
Comprehensive Deduction Rate
22.71%
Total Income
$60,431.76
Total Deductions
$13,971.91
Net Pay
$46,459.85
Average Tax Rate
15.85%
Comprehensive Deduction Rate
23.12%
Total Income
$60,431.76
Total Deductions
$14,666.94
Net Pay
$45,764.82
Average Tax Rate
17%
Comprehensive Deduction Rate
24.27%
Total Income
$60,431.76
Total Deductions
$15,079.58
Net Pay
$45,352.18
Average Tax Rate
17.69%
Comprehensive Deduction Rate
24.95%
Total Income
$60,431.76
Total Deductions
$15,166.32
Net Pay
$45,265.44
Average Tax Rate
17.83%
Comprehensive Deduction Rate
25.1%
Total Income
$60,431.76
Total Deductions
$15,490.09
Net Pay
$44,941.67
Average Tax Rate
18.37%
Comprehensive Deduction Rate
25.63%
Total Income
$60,431.76
Total Deductions
$15,739.76
Net Pay
$44,692.00
Average Tax Rate
18.78%
Comprehensive Deduction Rate
26.05%
Total Income
$60,431.76
Total Deductions
$15,778.46
Net Pay
$44,653.30
Average Tax Rate
18.27%
Comprehensive Deduction Rate
26.11%
Total Income
$60,431.76
Total Deductions
$16,580.41
Net Pay
$43,851.35
Average Tax Rate
20.17%
Comprehensive Deduction Rate
27.44%
| Region | Total Income | Total Deductions | Net Pay | Avg. Tax Rate | Comp. Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $60,431.76 | $12,259.18 | $48,172.58 | 13.02% | 20.29% |
| British Columbia | $60,431.76 | $13,082.34 | $47,349.42 | 14.38% | 21.65% |
| Northwest Territories | $60,431.76 | $13,101.30 | $47,330.46 | 14.41% | 21.68% |
| Yukon | $60,431.76 | $13,162.51 | $47,269.25 | 14.52% | 21.78% |
| Ontario | $60,431.76 | $13,726.43 | $46,705.33 | 15.45% | 22.71% |
| Alberta | $60,431.76 | $13,971.91 | $46,459.85 | 15.85% | 23.12% |
| Saskatchewan | $60,431.76 | $14,666.94 | $45,764.82 | 17% | 24.27% |
| New Brunswick | $60,431.76 | $15,079.58 | $45,352.18 | 17.69% | 24.95% |
| Manitoba | $60,431.76 | $15,166.32 | $45,265.44 | 17.83% | 25.1% |
| Newfoundland and Labrador | $60,431.76 | $15,490.09 | $44,941.67 | 18.37% | 25.63% |
| Prince Edward Island | $60,431.76 | $15,739.76 | $44,692.00 | 18.78% | 26.05% |
| Quebec | $60,431.76 | $15,778.46 | $44,653.30 | 18.27% | 26.11% |
| Nova Scotia | $60,431.76 | $16,580.41 | $43,851.35 | 20.17% | 27.44% |
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 $60,432+/year
Advantage Personnel
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235 Jobs
Kingston, ON
$31.43 / hour
Full-time
17 days ago
Quick Apply
Canadian International Auto Show LP
Markham, ON
$36.50 / hour
Full-time
9 days ago
Quick Apply
Paladin Security
-
85 Jobs
Kingston, ON
$55,000 - $65,000 / year
Full-time
Yesterday
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