2024 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$74,400.00
Salary
$74,400.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$18,711.71
Federal Tax
$9,009.49
Provincial Tax
$4,597.60
CPP Contributions
$4,055.50
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$1,049.12
Net Pay
$55,688.29
Marginal Tax Rate
29.65%
Average Tax Rate
18.29%
Comprehensive Deduction Rate
25.15%
Monthly Salary
Total Income
$6,200.00
Salary
$6,200.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,559.31
Federal Tax
$750.79
Provincial Tax
$383.13
CPP Contributions
$337.96
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$87.43
Net Pay
$4,640.69
Marginal Tax Rate
29.65%
Average Tax Rate
18.29%
Comprehensive Deduction Rate
25.15%
Biweekly Salary
Total Income
$2,861.54
Salary
$2,861.54
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$719.68
Federal Tax
$346.52
Provincial Tax
$176.83
CPP Contributions
$155.98
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$40.35
Net Pay
$2,141.86
Marginal Tax Rate
29.65%
Average Tax Rate
18.29%
Comprehensive Deduction Rate
25.15%
Weekly Salary
Total Income
$1,430.77
Salary
$1,430.77
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$359.84
Federal Tax
$173.26
Provincial Tax
$88.42
CPP Contributions
$77.99
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$20.18
Net Pay
$1,070.93
Marginal Tax Rate
29.65%
Average Tax Rate
18.29%
Comprehensive Deduction Rate
25.15%
Daily Salary
Total Income
$286.15
Salary
$286.15
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$71.97
Federal Tax
$34.65
Provincial Tax
$17.68
CPP Contributions
$15.60
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$4.04
Net Pay
$214.19
Marginal Tax Rate
29.65%
Average Tax Rate
18.29%
Comprehensive Deduction Rate
25.15%
Hourly Salary
Total Income
$38.15
Salary
$38.15
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$9.60
Federal Tax
$4.62
Provincial Tax
$2.36
CPP Contributions
$2.08
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.54
Net Pay
$28.56
Marginal Tax Rate
29.65%
Average Tax Rate
18.29%
Comprehensive Deduction Rate
25.15%
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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
$74,400.00
Total Deductions
$16,795.33
Net Pay
$57,604.67
Average Tax Rate
15.71%
Comprehensive Deduction Rate
22.57%
Total Income
$74,400.00
Total Deductions
$17,715.06
Net Pay
$56,684.94
Average Tax Rate
16.95%
Comprehensive Deduction Rate
23.81%
Total Income
$74,400.00
Total Deductions
$17,858.80
Net Pay
$56,541.20
Average Tax Rate
17.14%
Comprehensive Deduction Rate
24%
Total Income
$74,400.00
Total Deductions
$17,975.32
Net Pay
$56,424.68
Average Tax Rate
17.3%
Comprehensive Deduction Rate
24.16%
Total Income
$74,400.00
Total Deductions
$18,711.71
Net Pay
$55,688.29
Average Tax Rate
18.29%
Comprehensive Deduction Rate
25.15%
Total Income
$74,400.00
Total Deductions
$18,920.36
Net Pay
$55,479.64
Average Tax Rate
18.57%
Comprehensive Deduction Rate
25.43%
Total Income
$74,400.00
Total Deductions
$19,964.03
Net Pay
$54,435.97
Average Tax Rate
19.97%
Comprehensive Deduction Rate
26.83%
Total Income
$74,400.00
Total Deductions
$20,498.00
Net Pay
$53,902.00
Average Tax Rate
20.69%
Comprehensive Deduction Rate
27.55%
Total Income
$74,400.00
Total Deductions
$20,587.43
Net Pay
$53,812.57
Average Tax Rate
20.81%
Comprehensive Deduction Rate
27.67%
Total Income
$74,400.00
Total Deductions
$21,068.57
Net Pay
$53,331.43
Average Tax Rate
21.46%
Comprehensive Deduction Rate
28.32%
Total Income
$74,400.00
Total Deductions
$21,500.36
Net Pay
$52,899.64
Average Tax Rate
22.04%
Comprehensive Deduction Rate
28.9%
Total Income
$74,400.00
Total Deductions
$21,624.72
Net Pay
$52,775.28
Average Tax Rate
21.61%
Comprehensive Deduction Rate
29.07%
Total Income
$74,400.00
Total Deductions
$22,535.57
Net Pay
$51,864.43
Average Tax Rate
23.43%
Comprehensive Deduction Rate
30.29%
| Region | Total Income | Total Deductions | Net Pay | Avg. Tax Rate | Comp. Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $74,400.00 | $16,795.33 | $57,604.67 | 15.71% | 22.57% |
| British Columbia | $74,400.00 | $17,715.06 | $56,684.94 | 16.95% | 23.81% |
| Northwest Territories | $74,400.00 | $17,858.80 | $56,541.20 | 17.14% | 24% |
| Yukon | $74,400.00 | $17,975.32 | $56,424.68 | 17.3% | 24.16% |
| Ontario | $74,400.00 | $18,711.71 | $55,688.29 | 18.29% | 25.15% |
| Alberta | $74,400.00 | $18,920.36 | $55,479.64 | 18.57% | 25.43% |
| Saskatchewan | $74,400.00 | $19,964.03 | $54,435.97 | 19.97% | 26.83% |
| Manitoba | $74,400.00 | $20,498.00 | $53,902.00 | 20.69% | 27.55% |
| New Brunswick | $74,400.00 | $20,587.43 | $53,812.57 | 20.81% | 27.67% |
| Newfoundland and Labrador | $74,400.00 | $21,068.57 | $53,331.43 | 21.46% | 28.32% |
| Prince Edward Island | $74,400.00 | $21,500.36 | $52,899.64 | 22.04% | 28.9% |
| Quebec | $74,400.00 | $21,624.72 | $52,775.28 | 21.61% | 29.07% |
| Nova Scotia | $74,400.00 | $22,535.57 | $51,864.43 | 23.43% | 30.29% |
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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