Income Tax Calculator Canada

Find out how much your salary is after tax

Enter your gross income

Salary rate

Withholding

Salary $5,635

EI deduction - $18

CPP deduction - $67

Federal tax deduction - $1,425

Provincial tax deduction - $881

Total tax - $2,391

Net pay * $3,244

Marginal tax rate 52.5%

Average tax rate 42.4%

42.4%Total tax

57.6%

Net pay

The Taxberg

$3,244

Net pay

$93

Tax the employer pays

$2,391

Tax you pay

Total tax paid

$2,484

Did you know your employer also pays tax on your salary? It costs the employer $93 to pay you $5,635. In other words, every time you spend $10 of your hard-earned money, $4.41 goes to the government.

Real tax rate

43.4%

So, with you and the employer both paying tax, what used to be a 42.4% tax rate now rises to 43.4%, meaning your real tax rate is actually 1% higher than what it seemed at first.

Summary

If you make $293,020 a year living in the region of Ontario, Canada, you will be taxed $124,320. That means that your net pay will be $168,700 per year, or $14,058 per month. Your average tax rate is 42.4% 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 188,212	35.8%	1
Yukon	CAD 183,520	37.4%	2
Northwest Territories	CAD 180,820	38.3%	3
New Brunswick	CAD 165,402	43.6%	11
Nova Scotia	CAD 162,210	44.6%	12
Quebec	CAD 161,567	44.9%	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.