2024 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$62,000.16
Salary
$62,000.16
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$14,293.94
Federal Tax
$6,470.01
Provincial Tax
$3,313.97
CPP Contributions
$3,480.76
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$1,029.20
Net Pay
$47,706.22
Marginal Tax Rate
28.57%
Average Tax Rate
15.78%
Comprehensive Deduction Rate
23.05%
Monthly Salary
Total Income
$5,166.68
Salary
$5,166.68
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,191.16
Federal Tax
$539.17
Provincial Tax
$276.16
CPP Contributions
$290.06
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$85.77
Net Pay
$3,975.52
Marginal Tax Rate
28.57%
Average Tax Rate
15.78%
Comprehensive Deduction Rate
23.05%
Biweekly Salary
Total Income
$2,384.62
Salary
$2,384.62
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$549.77
Federal Tax
$248.85
Provincial Tax
$127.46
CPP Contributions
$133.88
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$39.58
Net Pay
$1,834.85
Marginal Tax Rate
28.57%
Average Tax Rate
15.78%
Comprehensive Deduction Rate
23.05%
Weekly Salary
Total Income
$1,192.31
Salary
$1,192.31
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$274.88
Federal Tax
$124.42
Provincial Tax
$63.73
CPP Contributions
$66.94
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$19.79
Net Pay
$917.43
Marginal Tax Rate
28.57%
Average Tax Rate
15.78%
Comprehensive Deduction Rate
23.05%
Daily Salary
Total Income
$238.46
Salary
$238.46
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$54.98
Federal Tax
$24.88
Provincial Tax
$12.75
CPP Contributions
$13.39
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$3.96
Net Pay
$183.49
Marginal Tax Rate
28.57%
Average Tax Rate
15.78%
Comprehensive Deduction Rate
23.05%
Hourly Salary
Total Income
$31.79
Salary
$31.79
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$7.33
Federal Tax
$3.32
Provincial Tax
$1.70
CPP Contributions
$1.79
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.53
Net Pay
$24.46
Marginal Tax Rate
28.57%
Average Tax Rate
15.78%
Comprehensive Deduction Rate
23.05%
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
$62,000.16
Total Deductions
$12,793.96
Net Pay
$49,206.20
Average Tax Rate
13.36%
Comprehensive Deduction Rate
20.64%
Total Income
$62,000.16
Total Deductions
$13,627.09
Net Pay
$48,373.07
Average Tax Rate
14.71%
Comprehensive Deduction Rate
21.98%
Total Income
$62,000.16
Total Deductions
$13,659.39
Net Pay
$48,340.77
Average Tax Rate
14.76%
Comprehensive Deduction Rate
22.03%
Total Income
$62,000.16
Total Deductions
$13,726.41
Net Pay
$48,273.75
Average Tax Rate
14.87%
Comprehensive Deduction Rate
22.14%
Total Income
$62,000.16
Total Deductions
$14,293.94
Net Pay
$47,706.22
Average Tax Rate
15.78%
Comprehensive Deduction Rate
23.05%
Total Income
$62,000.16
Total Deductions
$14,548.14
Net Pay
$47,452.02
Average Tax Rate
16.19%
Comprehensive Deduction Rate
23.46%
Total Income
$62,000.16
Total Deductions
$15,281.91
Net Pay
$46,718.25
Average Tax Rate
17.37%
Comprehensive Deduction Rate
24.65%
Total Income
$62,000.16
Total Deductions
$15,719.10
Net Pay
$46,281.06
Average Tax Rate
18.08%
Comprehensive Deduction Rate
25.35%
Total Income
$62,000.16
Total Deductions
$15,784.93
Net Pay
$46,215.23
Average Tax Rate
18.19%
Comprehensive Deduction Rate
25.46%
Total Income
$62,000.16
Total Deductions
$16,138.11
Net Pay
$45,862.05
Average Tax Rate
18.76%
Comprehensive Deduction Rate
26.03%
Total Income
$62,000.16
Total Deductions
$16,373.11
Net Pay
$45,627.05
Average Tax Rate
19.13%
Comprehensive Deduction Rate
26.41%
Total Income
$62,000.16
Total Deductions
$16,472.79
Net Pay
$45,527.37
Average Tax Rate
18.72%
Comprehensive Deduction Rate
26.57%
Total Income
$62,000.16
Total Deductions
$17,270.66
Net Pay
$44,729.50
Average Tax Rate
20.58%
Comprehensive Deduction Rate
27.86%
Region | Total Income | Total Deductions | Net Pay | Average Tax Rate | Comprehensive Deduction Rate |
---|---|---|---|---|---|
Nunavut | $62,000.16 | $12,793.96 | $49,206.20 | 13.36% | 20.64% |
British Columbia | $62,000.16 | $13,627.09 | $48,373.07 | 14.71% | 21.98% |
Northwest Territories | $62,000.16 | $13,659.39 | $48,340.77 | 14.76% | 22.03% |
Yukon | $62,000.16 | $13,726.41 | $48,273.75 | 14.87% | 22.14% |
Ontario | $62,000.16 | $14,293.94 | $47,706.22 | 15.78% | 23.05% |
Alberta | $62,000.16 | $14,548.14 | $47,452.02 | 16.19% | 23.46% |
Saskatchewan | $62,000.16 | $15,281.91 | $46,718.25 | 17.37% | 24.65% |
New Brunswick | $62,000.16 | $15,719.10 | $46,281.06 | 18.08% | 25.35% |
Manitoba | $62,000.16 | $15,784.93 | $46,215.23 | 18.19% | 25.46% |
Newfoundland and Labrador | $62,000.16 | $16,138.11 | $45,862.05 | 18.76% | 26.03% |
Prince Edward Island | $62,000.16 | $16,373.11 | $45,627.05 | 19.13% | 26.41% |
Quebec | $62,000.16 | $16,472.79 | $45,527.37 | 18.72% | 26.57% |
Nova Scotia | $62,000.16 | $17,270.66 | $44,729.50 | 20.58% | 27.86% |
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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