Tools · Canada
Canada Tax & Net Salary Calculator 2026
Estimate your take-home pay in Toronto. Combines federal income tax (15–33%), Ontario provincial tax (5.05–13.16%), CPP pension contributions, and EI premiums.
Your income
Province: Ontario (Toronto)
Federal + Ontario provincial rates · 2026
Key facts for newcomers to Canada
- • Canada has federal tax + separate provincial tax — Toronto is in Ontario
- • CPP (Canada Pension Plan) and EI (Employment Insurance) are mandatory payroll deductions
- • RRSP contributions reduce your taxable income (not included in this estimate)
- • GST/HST (sales tax) is 13% in Ontario on most goods and services
- • File a T1 return by April 30 each year
2024 estimates for Ontario employees. Does not include RRSP, TFSA, Quebec Pension Plan, or other credits. Other provinces have different rates. Informational only — consult a CPA for your specific situation.
Estimated net income
CA$5,427/mo
CA$65,123/yr · 22.5% effective rate
Breakdown
Gross annual
CA$84,000
CPP contributions
Canada Pension Plan (employee)
–CA$3,867
EI premiums
Employment Insurance
–CA$1,049
Federal income tax
15–33% federal brackets
–CA$9,920
Ontario provincial tax
5.05–13.16% + surtax
–CA$4,041
Net annual
CA$65,123
Net monthly
CA$5,427
AI Tax Insights
Canada 2024 · OntarioHave questions about your specific situation?
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