Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$2,767
Federal tax deduction
- $428
Provincial tax deduction
- $197
CPP deduction
- $135
EI deduction
- $36.64
Total tax
- $796
Net pay
* $1,971
Marginal tax rate
32.7%
Average tax rate
28.8%
71.2%
Net pay
28.8%
Total tax
Total tax
Net pay
The Taxberg
$1,971
Net pay
$186
Tax the employer pays
$796
Tax you pay
Total tax paid
$982
Did you know your employer also pays tax on your salary? It costs the employer $186 to pay you $2,767. In other words, every time you spend $10 of your hard-earned money, $3.55 goes to the government.
Real tax rate
33.3%
So, with you and the employer both paying tax, what used to be a 28.8% tax rate now rises to 33.3%, meaning your real tax rate is actually 4.5% higher than what it seemed at first.
Summary
If you make $71,942 a year living in the region of Ontario, Canada, you will be taxed $20,700. That means that your net pay will be $51,242 per year, or $4,270 per month. Your average tax rate is 28.8% and your marginal tax rate is 32.7%. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of $100 in your salary will be taxed $32.65, hence, your net pay will only increase by $67.35.
Bonus Example
A $1,000 bonus will generate an extra $674 of net incomes. A $5,000 bonus will generate an extra $3,368 of net incomes.
Compare average tax
North America
Country 
Net pay
Average tax
Rank
USA
CAD 56,532
21.4%
1
Canada
CAD 51,242
28.8%
2
Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 68,345
5.0%
1
Qatar
CAD 68,345
5.0%
2
Bahrain
CAD 66,187
8.0%
3
Oman
CAD 66,187
8.0%
4
Saudi Arabia
CAD 64,748
10.0%
5
Kuwait
CAD 64,028
11.0%
6
Israel
CAD 56,136
22.0%
7
Egypt
CAD 54,341
24.5%
8
Lebanon
CAD 54,220
24.6%
9
Turkey
CAD 42,167
41.4%
10
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NOTE* Withholding is calculated based on the Ontario tables of Canada, income tax. For simplification purposes some variables (such as marital status and others) have been assumed. This document does not represent legal authority and shall be used for approximation purposes only.