Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$5,020
Federal tax deduction
- $731
Provincial tax deduction
- $334
CPP deduction
- $269
EI deduction
- $79.02
Total tax
- $1,413
Net pay
* $3,607
Marginal tax rate
34.2%
Average tax rate
28.1%
71.9%
Net pay
28.1%
Total tax
Total tax
Net pay
Summary
If you make $60,240 a year living in the region of Ontario, Canada, you will be taxed $16,956. That means that your net pay will be $43,284 per year, or $3,607 per month. Your average tax rate is 28.2% and your marginal tax rate is 34.2%. 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 $34.19, hence, your net pay will only increase by $65.81.
Bonus Example
A $1,000 bonus will generate an extra $658 of net incomes. A $5,000 bonus will generate an extra $3,291 of net incomes.
Compare average tax
Europe
Country 
Net pay
Average tax
Rank
Russia
CAD 52,409
13.0%
1
Switzerland
CAD 51,702
14.2%
2
Hungary
CAD 49,096
18.5%
3
Ukraine
CAD 48,493
19.5%
4
Ireland
CAD 48,044
20.3%
5
United Kingdom
CAD 47,696
20.8%
6
France
CAD 47,149
21.7%
7
Czech Republic
CAD 46,381
23.0%
8
Norway
CAD 45,619
24.3%
9
Spain
CAD 44,514
26.1%
10
Luxembourg
CAD 43,992
27.0%
11
Austria
CAD 42,548
29.4%
12
Sweden
CAD 42,536
29.4%
13
Denmark
CAD 40,587
32.6%
14
Greece
CAD 40,379
33.0%
15
Germany
CAD 39,091
35.1%
16
Poland
CAD 38,598
35.9%
17
Netherlands
CAD 37,909
37.1%
18
Finland
CAD 36,859
38.8%
19
Italy
CAD 36,581
39.3%
20
Portugal
CAD 35,369
41.3%
21
Romania
CAD 35,240
41.5%
22
Belgium
CAD 29,837
50.5%
23
Show more
North America
Country 
Net pay
Average tax
Rank
USA
CAD 47,886
20.5%
1
Canada
CAD 43,284
28.2%
2
Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 54,400
9.7%
1
Puerto Rico
CAD 51,167
15.1%
2
Costa Rica
CAD 50,716
15.8%
3
Chile
CAD 49,437
17.9%
4
Ecuador
CAD 49,051
18.6%
5
Panama
CAD 47,872
20.5%
6
Colombia
CAD 46,839
22.3%
7
Peru
CAD 45,282
24.8%
8
Brazil
CAD 44,456
26.2%
9
Mexico
CAD 44,441
26.2%
10
Uruguay
CAD 41,651
30.9%
11
Argentina
CAD 39,146
35.0%
12
Show more
Africa
Country 
Net pay
Average tax
Rank
Angola
CAD 44,066
26.9%
1
South Africa
CAD 43,989
27.0%
2
Kenya
CAD 42,874
28.8%
3
Mozambique
CAD 42,237
29.9%
4
Ghana
CAD 41,238
31.5%
5
Nigeria
CAD 41,148
31.7%
6
Ivory Coast
CAD 40,274
33.1%
7
Morocco
CAD 39,652
34.2%
8
Cameroon
CAD 38,394
36.3%
9
Uganda
CAD 38,109
36.7%
10
Senegal
CAD 37,737
37.4%
11
Zambia
CAD 37,454
37.8%
12
Show more
Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 57,228
5.0%
1
Qatar
CAD 57,228
5.0%
2
Bahrain
CAD 55,421
8.0%
3
Oman
CAD 55,421
8.0%
4
Saudi Arabia
CAD 54,216
10.0%
5
Kuwait
CAD 53,614
11.0%
6
Israel
CAD 47,954
20.4%
7
Egypt
CAD 45,565
24.4%
8
Lebanon
CAD 45,444
24.6%
9
Turkey
CAD 35,351
41.3%
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.