Income Tax Calculator Canada

Find out how much your salary is after tax

Enter your gross income

Salary rate

Withholding

Salary $5,105

EI deduction - $18

CPP deduction - $67

Federal tax deduction - $1,254

Provincial tax deduction - $773

Total tax - $2,113

Net pay * $2,992

Marginal tax rate 52.5%

Average tax rate 41.4%

41.4%Total tax

58.6%

Net pay

The Taxberg

$2,992

Net pay

$93

Tax the employer pays

$2,113

Tax you pay

Total tax paid

$2,206

Did you know your employer also pays tax on your salary? It costs the employer $93 to pay you $5,105. In other words, every time you spend $10 of your hard-earned money, $4.32 goes to the government.

Real tax rate

42.4%

So, with you and the employer both paying tax, what used to be a 41.4% tax rate now rises to 42.4%, meaning your real tax rate is actually 1% higher than what it seemed at first.

Summary

If you make $265,460 a year living in the region of Ontario, Canada, you will be taxed $109,852. That means that your net pay will be $155,608 per year, or $12,967 per month. Your average tax rate is 41.4% and your marginal tax rate is 52.5%. 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 $52.5, hence, your net pay will only increase by $47.5.

Bonus Example

A $1,000 bonus will generate an extra $475 of net incomes. A $5,000 bonus will generate an extra $2,375 of net incomes.

Province

AlbertaBritish ColumbiaManitobaNew BrunswickNewfoundland and LabradorNorthwest TerritoriesNova ScotiaNunavutOntarioPrince Edward IslandQuebecSaskatchewanYukon

Tax per income

$5,500$6,000$6,500$7,000$7,500$8,000$8,500$9,000$9,500$10,000$10,500$11,000$11,500$12,000$12,500$13,000$13,500$14,000$14,500$15,000

Tax per region

Country	Net pay	Average tax	Rank
Nunavut	CAD 172,677	35.0%	1
Yukon	CAD 168,343	36.6%	2
Northwest Territories	CAD 165,987	37.5%	3
Prince Edward Island	CAD 152,198	42.7%	11
Nova Scotia	CAD 149,294	43.8%	12
Quebec	CAD 148,498	44.1%	13

NOTE* Withholding is calculated based on the Ontario tables of CA, 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.