« Home page, calculator and conversion
Calculate Sales tax US

Sales Tax States, to calculate sales tax of US States, city and zip code.

salestaxstates.com

Calculation of your net income in Ontario

Net salary calculator from annual gross income in Ontario 2022

This net income calculator provides an overview of an annual, weekly or hourly wage based on annual gross income of 2022.

Fill the weeks and hours sections as desired to get your personnal net income. This calculator is based on 2022 Ontario taxes.

Salary frequencyGross income ($)Net income ($)
Annual
(once a year)
Monthly
(month)
Semimonthly
( 1/2 month)
Biweekly
(2 weeks)
Weekly
(week)
Hourly
(hour)
% marginal taxAverage % of taxPayable taxNet income after tax

Tax Breakdown

Federal tax

Marginal tax rate CanadaTaxation in CanadaAdditional amount for BPA increased (already subtracted from payable taxes)

Ontario tax

Marginal tax rate OntarioOntario tax

Ontario Health premium

The health premium is paid by all individual who's taxable income is over $20 000 in 2022

Total Health premium:

Ontario Surtax

Surtax for Ontario only apply for income tax over 4874$ for 2022

Ontario surtax RateSurtax Amount
Total surtax:

Employee (by an employer)

CPPEmployment Insurance benefits (EI)

Self-employed (sole proprietorship)

CPP (self-employed)Employment Insurance benefits (EI)

Total net income

After-tax income, annuities and insurance

Net income employeeNet income self-employed

Formula for calculating net salary


The annual net income is calculated by subtracting the amounts related to the tax (Canada Tax and Ontario Tax), the Ontario surtax, the Ontario Health Preium, the Canadian Pension Plan, the Employment Insurance.

Gross annual income - Taxes - Surtax - Health Premium - CPP - EI = Net annual salary

Net annual salary / Weeks of work per year = Net weekly income

Net weekly income / Hours of work per week = Net hourly wage

Calculation example

Take, for example, a salaried worker who earns an annual gross salary of $ 65,000 for 40 hours a week and has worked 52 weeks during the year.

$65,000 - Taxes - Surtax - Health Premium - CPP - EI = $48 053.39 / year (net)

$48 053.39 / 52 weeks = $924.10 / week (net)

$924.10 / 40 hours = $23.10 / hour (net)

You simply need to the do same division for the gross income base on the annual gross salary (line 2 and 3).

Frequency or periods of payment

In Ontario, the frequency or pay cycle is usually every 2 weeks. However, it is quite possible that you need to know the other pay periods that may be following them (based on an entire year of 52 weeks):

  • Annual (year-round, only once a year)
  • Monthly (a month, 12 periods per year)
  • Semimonthly (2 x per month, 24 periods per year)
  • Biweekly (every 2 weeks, 26 periods a year)
  • weekly (once per week, 52 periods a year)
  • Schedule (per hour, 52 weeks x number of hours per week)

Our calculator allows you to evaluate the gross/net salary over the period based on the number of weeks worked that you entered in the field "weeks of work". This way, if you indicate 48 weeks, you will necessarily have a higher periodic salary than if you indicate 52 weeks.

Tax calculation

The following net and gross income calculator is not dedicated to the calculation of the tax itself. We suggest you use the page Income tax calculator for Ontario in 2022 to obtain more details on this subject.

What is net income

The net income is the result of the total income (all sources of revenues also called gross income) where all taxes and other deduction has been subtracted.

All sources of gross income include:

  • Employment and/or self-employment salary
  • Tips or other form of revenu
  • All pensions
  • Capital gains
  • And more

All sources of taxes and deductions include:

  • Canada Tax (federal)
  • Ontario Tax (provincial)
  • Ontario surtax (provincial)
  • Ontario Health Premium (provincial)
  • CPP
  • Ei
  • And more
Taxable income brackets (in $) Percentage of amount (%)* Maximum of HP ($)
0 - 20 000 00
20 000.01 - 36 000 6%300
36 000.01 - 48 000 6%450
48 000.01 - 72 000 25%600
72 000.01 - 200 000 25%750
200 000.01 and more 25%900

Calculators

Canada sales tax

2024

2023

2014 to 2022

2022

2021

2020

2019

2018

2017

2016

2015

2014

Coronavirus COVID-19

GST/HST remittance calculator

Carbon tax rebate

United Kingdom (UK) sales tax

France VAT

Australia GST

Income taxes in Canada

Tax calculators

Alberta (AB)
British Columbia (BC)
Nova Scotia (NS)
Ontario
Prince Edward Island (PEI)
Québec

RRSP, TSFA annuities and insurance

CPP
RRSP
TSFA
Employment insurance
OAS, GIS, Allowances
Basic personal amount
2012 to 2022

Tax calculators

RRSP, annuities and insurance

Paypal Fees and commission

Salary and Work

Gross to net income (salary)

2024
2023
2022
2021
2020
2019
2018

Minimum wage annual salary

2024
2023

Other

Math calculator

Other calculator

By continuing your navigation on Calcul Conversion or by clicking on the close button you accept the use of cookies. x