$24,362 income tax calculator 2025 - Ontario - salary after tax
Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$24,362
Federal tax deduction
- $3,225
Provincial tax deduction
- $1,413
CPP deduction
- $1,189
EI deduction
- $385
Total tax
- $6,212
Net pay
* $18,150
Marginal tax rate
31.9%
Average tax rate
25.5%
74.5%
Net pay
25.5%
Total tax
Total tax
Net pay
The Taxberg
$18,150
Net pay
$1,728
Tax the employer pays
$6,212
Tax you pay
Total tax paid
$7,940
Did you know your employer also pays tax on your salary? It costs the employer $1,728 to pay you $24,362. In other words, every time you spend $10 of your hard-earned money, $3.26 goes to the government.
Real tax rate
30.4%
So, with you and the employer both paying tax, what used to be a 25.5% tax rate now rises to 30.4%, meaning your real tax rate is actually 4.9% higher than what it seemed at first.
Summary
If you make $24,362 a year living in the region of Ontario, Canada, you will be taxed $6,212. That means that your net pay will be $18,150 per year, or $1,513 per month. Your average tax rate is 25.5% 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 18,940
22.3%
1
British Columbia
CAD 18,803
22.8%
2
Nunavut
CAD 18,651
23.4%
3
Northwest Territories
CAD 18,218
25.2%
4
Yukon
CAD 18,187
25.3%
5
Ontario
CAD 18,150
25.5%
6
Newfoundland and Labrador
CAD 17,580
27.8%
7
Nova Scotia
CAD 17,560
27.9%
8
New Brunswick
CAD 17,421
28.5%
9
Prince Edward Island
CAD 17,330
28.9%
10
Alberta
CAD 17,284
29.1%
11
Saskatchewan
CAD 17,170
29.5%
12
Manitoba
CAD 17,102
29.8%
13
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Europe
Country 
Net pay
Average tax
Rank
Ireland
CAD 24,142
0.9%
1
United Kingdom
CAD 23,747
2.5%
2
Switzerland
CAD 22,542
7.5%
3
France
CAD 21,256
12.8%
4
Spain
CAD 21,216
12.9%
5
Russia
CAD 21,195
13.0%
6
Norway
CAD 21,116
13.3%
7
Luxembourg
CAD 20,744
14.9%
8
Austria
CAD 20,589
15.5%
9
Hungary
CAD 19,855
18.5%
10
Czech Republic
CAD 19,831
18.6%
11
Ukraine
CAD 19,611
19.5%
12
Italy
CAD 19,532
19.8%
13
Germany
CAD 19,161
21.4%
14
Greece
CAD 18,248
25.1%
15
Sweden
CAD 18,123
25.6%
16
Poland
CAD 17,292
29.0%
17
Portugal
CAD 16,511
32.2%
18
Finland
CAD 16,341
32.9%
19
Denmark
CAD 16,306
33.1%
20
Belgium
CAD 15,998
34.3%
21
Netherlands
CAD 15,331
37.1%
22
Romania
CAD 14,252
41.5%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 21,130
13.3%
1
Canada
CAD 18,150
25.5%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 23,126
5.1%
1
Australia
CAD 22,601
7.2%
2
Thailand
CAD 22,306
8.4%
3
Taiwan
CAD 22,184
8.9%
4
South Korea
CAD 21,086
13.5%
5
Pakistan
CAD 20,740
14.9%
6
New Zealand
CAD 20,574
15.6%
7
Indonesia
CAD 20,434
16.1%
8
Malaysia
CAD 20,413
16.2%
9
Japan
CAD 19,633
19.4%
10
Singapore
CAD 19,427
20.3%
11
Philippines
CAD 19,419
20.3%
12
Kazakhstan
CAD 19,369
20.5%
13
Vietnam
CAD 18,487
24.1%
14
China
CAD 17,201
29.4%
15
India
CAD 17,064
30.0%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 22,026
9.6%
1
Puerto Rico
CAD 21,977
9.8%
2
Costa Rica
CAD 21,804
10.5%
3
Ecuador
CAD 21,650
11.1%
4
Colombia
CAD 21,332
12.4%
5
Panama
CAD 20,730
14.9%
6
Chile
CAD 19,814
18.7%
7
Mexico
CAD 19,643
19.4%
8
Peru
CAD 18,843
22.7%
9
Uruguay
CAD 18,587
23.7%
10
Brazil
CAD 18,445
24.3%
11
Argentina
CAD 15,826
35.0%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 20,530
15.7%
1
Mozambique
CAD 18,309
24.9%
2
Angola
CAD 17,965
26.3%
3
Morocco
CAD 17,832
26.8%
4
Kenya
CAD 17,759
27.1%
5
Ivory Coast
CAD 17,544
28.0%
6
Ghana
CAD 17,505
28.2%
7
Nigeria
CAD 16,744
31.3%
8
Cameroon
CAD 16,550
32.1%
9
Uganda
CAD 16,245
33.3%
10
Senegal
CAD 16,063
34.1%
11
Zambia
CAD 15,389
36.8%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 23,144
5.0%
1
Qatar
CAD 23,144
5.0%
2
Bahrain
CAD 22,413
8.0%
3
Oman
CAD 22,413
8.0%
4
Saudi Arabia
CAD 21,926
10.0%
5
Kuwait
CAD 21,682
11.0%
6
Israel
CAD 21,158
13.2%
7
Egypt
CAD 18,656
23.4%
8
Lebanon
CAD 18,535
23.9%
9
Turkey
CAD 13,887
43.0%
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.