Take-Home Pay Calculator
Calculate your net salary after taxes and deductions. 2024 tax year, Canada & United States.
Net Pay / Year
Net / Month
Take-Home Rate
Tax Rates
Net Pay by Period
Estimate only. Based on 2024 tax-year rates. Calculations include federal and provincial/state income tax with basic personal amounts (Canada) or standard deduction (US), plus mandatory payroll contributions (CPP/QPP & EI in Canada; Social Security & Medicare in the US). Results do not account for additional credits, other deductions, benefits, or non-standard situations. Consult a tax professional for exact figures.
How Take-Home Pay Is Calculated
Your take-home (net) pay is your gross salary minus income taxes and mandatory payroll contributions. This calculator computes each deduction separately so you can see exactly where your money goes.
In Canada
Deductions include federal income tax, provincial/territorial income tax, CPP (Canada Pension Plan, or QPP in Quebec), and EI (Employment Insurance). Quebec residents also pay QPIP (Quebec Parental Insurance Plan) and receive a federal tax abatement. Each province sets its own tax brackets and basic personal amount — the amount of income you can earn tax-free.
In the United States
Deductions include federal income tax (based on your filing status and the standard deduction), Social Security (6.2% up to the annual wage base), Medicare (1.45%, plus 0.9% on high incomes), and state income tax where applicable. Nine states have no income tax on wages, and several use a single flat rate.
Frequently Asked Questions
What's the difference between gross and net pay?
Gross pay is your total earnings before any deductions. Net pay (take-home pay) is what actually lands in your bank account after income tax and payroll contributions are withheld. The gap between them is often 20–35% of gross for middle incomes.
What is the average tax rate vs. the marginal tax rate?
Your marginal rate is the tax rate applied to your last dollar earned — the bracket your top income falls into. Your average rate is your total tax divided by total income, which is always lower because lower brackets tax your early income at lower rates.
Why is my paycheck less than my salary divided by pay periods?
Because taxes and contributions are withheld from each paycheck. A $60,000 salary is $2,500 gross per bi-weekly period, but your net deposit will be lower after federal tax, provincial/state tax, and pension/insurance contributions are removed.
Are these calculations exact?
They are close estimates based on 2024 statutory rates and the basic personal amount or standard deduction. Your actual withholding may differ due to additional tax credits, retirement contributions, benefits, bonuses, or other deductions specific to your situation.