function updateLabels() {
var type = document.getElementById('calcType').value;
var label = document.getElementById('mainInputLabel');
if (type === 'hourly') {
label.innerText = 'Hourly Wage ($)';
} else {
label.innerText = 'Annual Salary ($)';
}
}
function calculateOntarioPay() {
var type = document.getElementById('calcType').value;
var amount = parseFloat(document.getElementById('amount').value);
var hoursPerWeek = parseFloat(document.getElementById('hoursPerWeek').value);
var weeksPerYear = parseFloat(document.getElementById('weeksPerYear').value);
if (isNaN(amount) || isNaN(hoursPerWeek) || isNaN(weeksPerYear)) {
alert('Please enter valid numbers');
return;
}
var grossAnnual = 0;
if (type === 'hourly') {
grossAnnual = amount * hoursPerWeek * weeksPerYear;
} else {
grossAnnual = amount;
}
// 2024 Federal Tax Brackets (Estimated)
var fedTax = 0;
if (grossAnnual <= 15705) fedTax = 0;
else if (grossAnnual <= 55867) fedTax = (grossAnnual – 15705) * 0.15;
else if (grossAnnual <= 111733) fedTax = 6024 + (grossAnnual – 55867) * 0.205;
else if (grossAnnual <= 173205) fedTax = 17477 + (grossAnnual – 111733) * 0.26;
else if (grossAnnual <= 246752) fedTax = 33459 + (grossAnnual – 173205) * 0.29;
else fedTax = 54788 + (grossAnnual – 246752) * 0.33;
// 2024 Ontario Provincial Tax Brackets (Estimated)
var ontTax = 0;
if (grossAnnual <= 12399) ontTax = 0;
else if (grossAnnual <= 51446) ontTax = (grossAnnual – 12399) * 0.0505;
else if (grossAnnual <= 102894) ontTax = 1972 + (grossAnnual – 51446) * 0.0915;
else if (grossAnnual <= 150000) ontTax = 6684 + (grossAnnual – 102894) * 0.1116;
else if (grossAnnual 20000) {
if (grossAnnual <= 36000) healthPremium = (grossAnnual – 20000) * 0.06;
else if (grossAnnual <= 48000) healthPremium = 300 + (grossAnnual – 36000) * 0.06;
else if (grossAnnual <= 72000) healthPremium = 450 + (grossAnnual – 48000) * 0.25;
else if (grossAnnual 900) healthPremium = 900;
}
// CPP 2024 (5.95%, Max contribution $3,867.50, Exemption $3,500)
var cpp = (grossAnnual > 3500) ? Math.min((grossAnnual – 3500) * 0.0595, 3867.50) : 0;
// EI 2024 (1.66%, Max contribution $1,049.12)
var ei = Math.min(grossAnnual * 0.0166, 1049.12);
var totalDeductions = fedTax + ontTax + healthPremium + cpp + ei;
var netAnnual = grossAnnual – totalDeductions;
// Update DOM
document.getElementById('resGrossAnnual').innerText = '$' + grossAnnual.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2});
document.getElementById('resNetAnnual').innerText = '$' + netAnnual.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2});
document.getElementById('resMonthly').innerText = '$' + (netAnnual / 12).toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2});
document.getElementById('resBiWeekly').innerText = '$' + (netAnnual / 26).toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2});
document.getElementById('resWeekly').innerText = '$' + (netAnnual / 52).toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2});
document.getElementById('resTotalDeductions').innerText = '- $' + totalDeductions.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2});
document.getElementById('results').style.display = 'block';
}
Understanding Your Ontario Hourly Rate
Calculating your take-home pay in Ontario involves more than just multiplying your hourly rate by your hours. This calculator accounts for Federal income tax, Ontario provincial income tax, Canada Pension Plan (CPP) contributions, and Employment Insurance (EI) premiums based on 2024 rates.
Key Deductions in Ontario
Federal Tax: A progressive tax applied to all Canadians based on income brackets.
Ontario Provincial Tax: The provincial portion of income tax, which also uses a progressive bracket system.
CPP (Canada Pension Plan): For 2024, the employee contribution rate is 5.95% on earnings between $3,500 and the maximum pensionable earnings.
EI (Employment Insurance): Mandatory insurance premiums currently set at 1.66% of insurable earnings.
Ontario Health Premium: A specific provincial levy for individuals with taxable income above $20,000.
Example Calculation
If you earn $35.00 per hour and work 40 hours per week for 52 weeks:
Gross Annual Income: $72,800
Estimated Total Deductions: ~$16,400 (Combined Fed/Prov Tax, CPP, EI, Health Premium)
Estimated Annual Take-Home: ~$56,400
Bi-weekly Paycheck: ~$2,169
Note: This calculator provides an estimate for educational purposes. Real-world deductions may vary based on company benefits, union dues, tax credits (like the Carbon Tax rebate), or specific tax situations. Always refer to your official T4 or pay stub for exact figures.