2024 Ontario Income Tax Calculator
Calculate your take-home pay after tax.
Your Results
Yearly Salary
Total Income
$73,000.00
Salary
$73,000.00
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$18,296.61
Federal Tax
$8,722.49
Provincial Tax
$4,469.50
CPP Contributions
$4,055.50
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$1,049.12
Net Pay
$54,703.39
Marginal Tax Rate
29.65%
Average Tax Rate
18.07%
Comprehensive Deduction Rate
25.06%
Monthly Salary
Total Income
$6,083.33
Salary
$6,083.33
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$1,524.72
Federal Tax
$726.87
Provincial Tax
$372.46
CPP Contributions
$337.96
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$87.43
Net Pay
$4,558.62
Marginal Tax Rate
29.65%
Average Tax Rate
18.07%
Comprehensive Deduction Rate
25.06%
Biweekly Salary
Total Income
$2,807.69
Salary
$2,807.69
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$703.72
Federal Tax
$335.48
Provincial Tax
$171.90
CPP Contributions
$155.98
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$40.35
Net Pay
$2,103.98
Marginal Tax Rate
29.65%
Average Tax Rate
18.07%
Comprehensive Deduction Rate
25.06%
Weekly Salary
Total Income
$1,403.85
Salary
$1,403.85
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$351.86
Federal Tax
$167.74
Provincial Tax
$85.95
CPP Contributions
$77.99
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$20.18
Net Pay
$1,051.99
Marginal Tax Rate
29.65%
Average Tax Rate
18.07%
Comprehensive Deduction Rate
25.06%
Daily Salary
Total Income
$280.77
Salary
$280.77
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$70.37
Federal Tax
$33.55
Provincial Tax
$17.19
CPP Contributions
$15.60
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$4.04
Net Pay
$210.40
Marginal Tax Rate
29.65%
Average Tax Rate
18.07%
Comprehensive Deduction Rate
25.06%
Hourly Salary
Total Income
$37.44
Salary
$37.44
Bonus
$0.00
Commission
$0.00
Pension Income
$0.00
Taxable Benefit
$0.00
RRSP
$0.00
Total Deductions
$9.38
Federal Tax
$4.47
Provincial Tax
$2.29
CPP Contributions
$2.08
QPP Contributions
$0.00
QPIP Premiums
$0.00
EI Premiums
$0.54
Net Pay
$28.05
Marginal Tax Rate
29.65%
Average Tax Rate
18.07%
Comprehensive Deduction Rate
25.06%
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
$73,000.00
Total Deductions
$16,410.33
Net Pay
$56,589.67
Average Tax Rate
15.49%
Comprehensive Deduction Rate
22.48%
Total Income
$73,000.00
Total Deductions
$17,320.26
Net Pay
$55,679.74
Average Tax Rate
16.73%
Comprehensive Deduction Rate
23.73%
Total Income
$73,000.00
Total Deductions
$17,451.40
Net Pay
$55,548.60
Average Tax Rate
16.91%
Comprehensive Deduction Rate
23.91%
Total Income
$73,000.00
Total Deductions
$17,562.32
Net Pay
$55,437.68
Average Tax Rate
17.07%
Comprehensive Deduction Rate
24.06%
Total Income
$73,000.00
Total Deductions
$18,296.61
Net Pay
$54,703.39
Average Tax Rate
18.07%
Comprehensive Deduction Rate
25.06%
Total Income
$73,000.00
Total Deductions
$18,493.36
Net Pay
$54,506.64
Average Tax Rate
18.34%
Comprehensive Deduction Rate
25.33%
Total Income
$73,000.00
Total Deductions
$19,502.03
Net Pay
$53,497.97
Average Tax Rate
19.72%
Comprehensive Deduction Rate
26.72%
Total Income
$73,000.00
Total Deductions
$20,032.50
Net Pay
$52,967.50
Average Tax Rate
20.45%
Comprehensive Deduction Rate
27.44%
Total Income
$73,000.00
Total Deductions
$20,104.43
Net Pay
$52,895.57
Average Tax Rate
20.55%
Comprehensive Deduction Rate
27.54%
Total Income
$73,000.00
Total Deductions
$20,578.57
Net Pay
$52,421.43
Average Tax Rate
21.2%
Comprehensive Deduction Rate
28.19%
Total Income
$73,000.00
Total Deductions
$20,980.26
Net Pay
$52,019.74
Average Tax Rate
21.75%
Comprehensive Deduction Rate
28.74%
Total Income
$73,000.00
Total Deductions
$21,113.02
Net Pay
$51,886.98
Average Tax Rate
21.33%
Comprehensive Deduction Rate
28.92%
Total Income
$73,000.00
Total Deductions
$22,007.80
Net Pay
$50,992.20
Average Tax Rate
23.16%
Comprehensive Deduction Rate
30.15%
| Region | Total Income | Total Deductions | Net Pay | Avg. Tax Rate | Comp. Deduction Rate |
|---|---|---|---|---|---|
| Nunavut | $73,000.00 | $16,410.33 | $56,589.67 | 15.49% | 22.48% |
| British Columbia | $73,000.00 | $17,320.26 | $55,679.74 | 16.73% | 23.73% |
| Northwest Territories | $73,000.00 | $17,451.40 | $55,548.60 | 16.91% | 23.91% |
| Yukon | $73,000.00 | $17,562.32 | $55,437.68 | 17.07% | 24.06% |
| Ontario | $73,000.00 | $18,296.61 | $54,703.39 | 18.07% | 25.06% |
| Alberta | $73,000.00 | $18,493.36 | $54,506.64 | 18.34% | 25.33% |
| Saskatchewan | $73,000.00 | $19,502.03 | $53,497.97 | 19.72% | 26.72% |
| Manitoba | $73,000.00 | $20,032.50 | $52,967.50 | 20.45% | 27.44% |
| New Brunswick | $73,000.00 | $20,104.43 | $52,895.57 | 20.55% | 27.54% |
| Newfoundland and Labrador | $73,000.00 | $20,578.57 | $52,421.43 | 21.2% | 28.19% |
| Prince Edward Island | $73,000.00 | $20,980.26 | $52,019.74 | 21.75% | 28.74% |
| Quebec | $73,000.00 | $21,113.02 | $51,886.98 | 21.33% | 28.92% |
| Nova Scotia | $73,000.00 | $22,007.80 | $50,992.20 | 23.16% | 30.15% |
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 $73,000+/year
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