CalcBucks

$30,000 Self-Employed in Ontario (2026): $24,391 After Tax

On $30,000 of profit in Ontario you keep $24,391 a year ($2,033 a month) after tax.

Updated for the 2026 tax year · Rates checked 14 October 2026

$
$
More options
Take-home pay per year$24,391
Income (revenue)$30,000
Business expenses$0
Profit$30,000
Federal income tax$1,455
Ontario income tax$700
Ontario Health Premium$300
CPP (both shares)$3,154
Take-home pay$24,391
Total tax$5,609
Tax as % of profit18.7%
Set aside each quarter$1,402
Take-home per billable hour$17.67
Equivalent employee salary$28,542
  • On $30,000 of profit in Ontario you keep $24,391 a year ($2,033 a month) after tax.
  • To take home the same as an employee you’d need a salary of about $28,542.
  • As a self-employed person you pay both the employee and employer shares of CPP, but half of it is deductible.
  • Self-employed people don’t pay EI unless they opt in to the special benefits program.

Your result, explained

Your $30,000 of client income becomes $30,000 of profit after expenses, and you keep $24,391 after $5,609 of tax, 18.7% of profit. Nobody withholds that tax for you, so move about $1,402 into a separate tax account every quarter ($467 a month).

To take home the same as an employee you would need a salary of about $28,542. But employees also get paid leave, retirement contributions and often health cover, so most freelancers aim to charge 25–40% more than that. At your billable hours you currently keep $17.67 per hour worked.

Your money by period

PerProfitTaxTake-home
Year$30,000$5,609$24,391
Quarter$7,500$1,402$6,098
Month$2,500$467.38$2,033
Week$576.92$107.86$469.07

Compare nearby amounts in Ontario

AmountTake-home pay per year
$30,000$24,391
$40,000$31,435
$50,000$38,505

$30,000 in other provinces

WhereTake-home payDifference
British Columbia$25,111+$719
Alberta$25,065+$674
Quebec$24,003−$388
Manitoba$24,196−$195
Nova Scotia$24,080−$311

How self-employed income is taxed in Canada

You pay income tax on your net business income at the same federal and provincial rates as employees. The big difference is CPP: you pay both the employee and the employer share, 11.9% of earnings between $3,500 and $74,600 (up to $8,460.90 in 2026), plus 8% CPP2 on earnings from $74,600 to $85,000 (up to $832). The employer half is deductible, so it reduces your income tax.

You don’t pay EI unless you opt in to the EI special benefits program for the self-employed.

Guides

Related calculators