$100,000 After Tax in Ontario

Whether your employer pays every two weeks or twice a month, here is what each paycheque looks like.

• A $1,000 pay rise would add $685 to your take-home pay at this salary.
• Your taxable income is in the 20.5% federal bracket, $18,172 below the 26% bracket.
• You reach the maximum CPP and CPP2 contributions, so these deductions stop before the end of the year and your later paycheques increase.
• Your RRSP room from this salary is about $18,000 (18% of earned income), usable next year.
• Family benefits such as the Canada Child Benefit are reduced at this income, and seniors start repaying Old Age Security above a threshold close to this level.

• Federal income tax ($13,302). Federal brackets apply to $98,873 of taxable income, minus non-refundable credits such as the basic personal amount.
• Ontario income tax ($6,723). Each province has its own brackets and credits, and Ontario adds a surtax and the Ontario Health Premium.
• CPP contributions ($4,646). Deducted from each paycheque until you reach the yearly maximum.
• Employment Insurance ($1,123). Insurance for job loss, sickness and parental leave, up to the maximum insurable earnings.

For every $100 you earn, you keep $74.21.

Federal brackets apply to $98,873 of taxable income. Non-refundable credits (basic personal amount, CPP, EI and the Canada employment amount) are then subtracted at 14%.

Ontario has relatively low provincial rates on the first bracket, but adds two surtaxes on higher provincial tax and the Ontario Health Premium of up to $900. Together they make the combined marginal rate climb faster than the brackets suggest.

• The Ontario Tax Reduction can cut or eliminate provincial tax for low incomes.
• Housing in the Greater Toronto Area is among the most expensive in Canada.

Largest cities: Toronto, Ottawa, Mississauga, Hamilton.

Provincial taxes make a real difference. On $100,000, take-home pay ranges from $68,867 in Nova Scotia to $76,654 in Nunavut.

Saving through an RRSP lowers this year's tax bill: here is the real cost of each contribution rate.

A pay rise is always smaller after deductions: starting from this salary, roughly 69% of each increase reaches you.

How far does $6,184 a month go? A classic 50/30/20 split gives a realistic starting point.

• Using the 30% rule, a comfortable rent is up to $2,500 per month.
• This salary is 2.7 times the Ontario minimum wage of $17.95 an hour.