Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$2,000
Federal tax deduction
- $265
Provincial tax deduction
- $114
CPP deduction
- $97.38
EI deduction
- $31.60
Total tax
- $508
Net pay
* $1,492
Marginal tax rate
31.9%
Average tax rate
25.4%
74.6%
Net pay
25.4%
Total tax
Total tax
Net pay
The Taxberg
$1,492
Net pay
$142
Tax the employer pays
$508
Tax you pay
Total tax paid
$650
Did you know your employer also pays tax on your salary? It costs the employer $142 to pay you $2,000. In other words, every time you spend $10 of your hard-earned money, $3.25 goes to the government.
Real tax rate
30.3%
So, with you and the employer both paying tax, what used to be a 25.4% tax rate now rises to 30.3%, meaning your real tax rate is actually 4.9% higher than what it seemed at first.
Summary
If you make $24,000 a year living in the region of Ontario, Canada, you will be taxed $6,096. That means that your net pay will be $17,904 per year, or $1,492 per month. Your average tax rate is 25.4% and your marginal tax rate is 31.9%. 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 $31.87, hence, your net pay will only increase by $68.13.
Bonus Example
A $1,000 bonus will generate an extra $681 of net incomes. A $5,000 bonus will generate an extra $3,407 of net incomes.
Compare average tax
Tax per region
Region
Net pay
Average tax
Rank
Quebec
CAD 18,702
22.1%
1
British Columbia
CAD 18,543
22.7%
2
Nunavut
CAD 18,379
23.4%
3
Northwest Territories
CAD 17,953
25.2%
4
Yukon
CAD 17,923
25.3%
5
Ontario
CAD 17,904
25.4%
6
Newfoundland and Labrador
CAD 17,324
27.8%
7
Nova Scotia
CAD 17,304
27.9%
8
New Brunswick
CAD 17,167
28.5%
9
Prince Edward Island
CAD 17,077
28.8%
10
Alberta
CAD 17,032
29.0%
11
Saskatchewan
CAD 16,920
29.5%
12
Manitoba
CAD 16,853
29.8%
13
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Europe
Country 
Net pay
Average tax
Rank
Ireland
CAD 23,787
0.9%
1
United Kingdom
CAD 23,505
2.1%
2
Switzerland
CAD 22,221
7.4%
3
Spain
CAD 21,040
12.3%
4
France
CAD 20,965
12.7%
5
Russia
CAD 20,880
13.0%
6
Norway
CAD 20,829
13.2%
7
Luxembourg
CAD 20,466
14.7%
8
Austria
CAD 20,284
15.5%
9
Czech Republic
CAD 19,563
18.5%
10
Hungary
CAD 19,560
18.5%
11
Italy
CAD 19,326
19.5%
12
Ukraine
CAD 19,320
19.5%
13
Germany
CAD 18,934
21.1%
14
Greece
CAD 18,005
25.0%
15
Sweden
CAD 17,881
25.5%
16
Poland
CAD 17,061
28.9%
17
Portugal
CAD 16,292
32.1%
18
Finland
CAD 16,095
32.9%
19
Denmark
CAD 16,062
33.1%
20
Belgium
CAD 15,806
34.1%
21
Netherlands
CAD 15,103
37.1%
22
Romania
CAD 14,040
41.5%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 20,850
13.1%
1
Canada
CAD 17,904
25.4%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 22,784
5.1%
1
Australia
CAD 22,339
6.9%
2
Thailand
CAD 21,999
8.3%
3
Taiwan
CAD 21,869
8.9%
4
South Korea
CAD 20,803
13.3%
5
Pakistan
CAD 20,469
14.7%
6
New Zealand
CAD 20,280
15.5%
7
Indonesia
CAD 20,149
16.1%
8
Malaysia
CAD 20,137
16.1%
9
Japan
CAD 19,355
19.4%
10
Philippines
CAD 19,167
20.1%
11
Singapore
CAD 19,144
20.2%
12
Kazakhstan
CAD 19,075
20.5%
13
Vietnam
CAD 18,235
24.0%
14
China
CAD 16,948
29.4%
15
India
CAD 16,858
29.8%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 21,699
9.6%
1
Puerto Rico
CAD 21,668
9.7%
2
Costa Rica
CAD 21,480
10.5%
3
Ecuador
CAD 21,355
11.0%
4
Colombia
CAD 21,054
12.3%
5
Panama
CAD 20,456
14.8%
6
Chile
CAD 19,528
18.6%
7
Mexico
CAD 19,376
19.3%
8
Peru
CAD 18,571
22.6%
9
Uruguay
CAD 18,385
23.4%
10
Brazil
CAD 18,182
24.2%
11
Argentina
CAD 15,590
35.0%
12
Show more
Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 20,263
15.6%
1
Mozambique
CAD 18,048
24.8%
2
Angola
CAD 17,701
26.2%
3
Morocco
CAD 17,600
26.7%
4
Kenya
CAD 17,506
27.1%
5
Ivory Coast
CAD 17,305
27.9%
6
Ghana
CAD 17,265
28.1%
7
Nigeria
CAD 16,498
31.3%
8
Cameroon
CAD 16,329
32.0%
9
Uganda
CAD 16,010
33.3%
10
Senegal
CAD 15,836
34.0%
11
Zambia
CAD 15,167
36.8%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 22,800
5.0%
1
Qatar
CAD 22,800
5.0%
2
Bahrain
CAD 22,080
8.0%
3
Oman
CAD 22,080
8.0%
4
Saudi Arabia
CAD 21,600
10.0%
5
Kuwait
CAD 21,360
11.0%
6
Israel
CAD 20,844
13.2%
7
Egypt
CAD 18,385
23.4%
8
Lebanon
CAD 18,264
23.9%
9
Turkey
CAD 13,658
43.1%
10
Show more
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.