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27.0%
- Average tax rate 27.0% 73.0% Net pay 27.0%
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If you live in Ontario and earn a gross annual salary of $75,753, or $6,313 per month, your monthly take-home pay will be $4,743. This results in an effective tax rate of 25%, as estimated by our Canadian salary calculator.
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- United States
In Canada, federal tax rates apply only on the amount you earn within each federal tax bracket. This is also how most provincial tax brackets work as well—we’ll get to those below.
- Overview
- On this page
- 2024 federal income tax rates
- 2024 provincial and territorial income tax rates
- Previous year income tax rates
The Government of Canada sets the federal income tax rates for individuals. Each province and territory determines their own income tax rates.
Provincial or territorial income tax rates apply in addition to federal income tax rates.
•2024 federal income tax rates
•2024 provincial and territorial income tax rates
These rates apply to your taxable income. Your taxable income is your income after various deductions, credits, and exemptions have been applied.
There are also various tax credits, deductions and benefits available to you to reduce your total tax payable.
Provincial and territorial tax rates vary across Canada; however, your provincial or territorial income tax (except Quebec) is calculated in the same way as your federal income tax.
•Newfoundland and Labrador
•Prince Edward Island
•Nova Scotia
•New Brunswick
•Quebec
Select the tax year
•+ 2023
Select "Federal" or your province or territory
•Federal
•Newfoundland and Labrador
•Prince Edward Island
Summary. If you make $52,000 a year living in the region of Ontario, Canada, you will be taxed $14,043. That means that your net pay will be $37,957 per year, or $3,163 per month. Your average tax rate is 27.0% and your marginal tax rate is 35.3%.
Calculate your after tax salary for the 2024 tax season on CareerBeacon. Use our free tool to explore federal and provincial tax brackets and rates.
2024 Personal tax calculator. Calculate your combined federal and provincial tax bill in each province and territory. The calculator reflects known rates as of June 1, 2024.
Estimate your income taxes with our free Canada income tax calculator. See your tax bracket, marginal and average tax rates, payroll tax deductions, tax refunds, and taxes owed.
