Income tax calculator Ontario
Find out how much your salary is after tax
Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$120
EI deduction
- $1.90
Total tax
- $1.90
Net pay
*
$118
Marginal tax rate
1.6%
Average tax rate
1.6%
98.4%
Net pay
1.6%
Total tax
Total tax
Net pay
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The Taxberg
$118
Net pay
$2.65
Tax the employer pays
$1.90
Tax you pay
Total tax paid
$4.55
Did you know your employer also pays tax on your salary? It costs the employer $2.65 to pay you $120. In other words, every time you spend $10 of your hard-earned money, $0.38 goes to the government.
Real tax rate
3.7%
So, with you and the employer both paying tax, what used to be a 1.6% tax rate now rises to 3.7%, meaning your real tax rate is actually 2.1% higher than what it seemed at first.
Summary
If you make $120 a year living in the region of Ontario, Canada, you will be taxed $1.90. That means that your net pay will be $118 per year, or $9.84 per month. Your average tax rate is 1.6% and your marginal tax rate is 1.6%. 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 $1.58, hence, your net pay will only increase by $98.42.
Bonus Example
A $1,000 bonus will generate an extra $984 of net incomes. A $5,000 bonus will generate an extra $4,921 of net incomes.
Compare average tax
Tax per region
Region
Net pay
Average tax
Rank
British Columbia
CAD 118
1.6%
1
Ontario
CAD 118
1.6%
2
Yukon
CAD 118
1.6%
3
Quebec
CAD 118
1.7%
4
Newfoundland and Labrador
CAD 108
10.1%
5
Nova Scotia
CAD 108
10.2%
6
New Brunswick
CAD 107
10.8%
7
Prince Edward Island
CAD 107
11.2%
8
Alberta
CAD 106
11.4%
9
Saskatchewan
CAD 106
11.9%
10
Manitoba
CAD 105
12.2%
11
Nunavut
CAD 113
5.5%
12
Northwest Territories
CAD 111
7.4%
13
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Europe
Country
Net pay
Average tax
Rank
United Kingdom
CAD 120
0.0%
1
Germany
CAD 120
0.0%
2
Austria
CAD 120
0.0%
3
Ireland
CAD 120
0.0%
4
Sweden
CAD 120
0.0%
5
Norway
CAD 120
0.0%
6
Spain
CAD 112
6.4%
7
Italy
CAD 109
9.2%
8
France
CAD 108
9.7%
9
Czech Republic
CAD 107
11.0%
10
Luxembourg
CAD 107
11.1%
11
Russia
CAD 104
13.0%
12
Hungary
CAD 98
18.5%
13
Ukraine
CAD 97
19.5%
14
Poland
CAD 94
21.5%
15
Greece
CAD 94
21.8%
16
Portugal
CAD 89
25.6%
17
Finland
CAD 83
30.8%
18
Belgium
CAD 82
32.0%
19
Netherlands
CAD 76
37.1%
20
Switzerland
CAD 74
38.5%
21
Romania
CAD 70
41.5%
22
Denmark
CAD 0
100.0%
23
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North America
Country
Net pay
Average tax
Rank
Canada
CAD 118
1.6%
1
USA
CAD 110
8.7%
2
Asia / Pacific
Country
Net pay
Average tax
Rank
Australia
CAD 120
0.0%
1
Singapore
CAD 120
0.0%
2
Hong Kong
CAD 120
0.0%
3
Thailand
CAD 114
5.0%
4
Indonesia
CAD 109
8.8%
5
Taiwan
CAD 109
8.9%
6
South Korea
CAD 107
10.7%
7
New Zealand
CAD 106
11.9%
8
India
CAD 106
12.0%
9
Pakistan
CAD 105
12.5%
10
China
CAD 104
13.2%
11
Vietnam
CAD 102
15.0%
12
Malaysia
CAD 99
17.6%
13
Japan
CAD 98
18.7%
14
Kazakhstan
CAD 95
20.8%
15
Philippines
CAD 69
42.5%
16
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Latin America
Country
Net pay
Average tax
Rank
Mexico
CAD 117
2.4%
1
Brazil
CAD 111
7.5%
2
Puerto Rico
CAD 110
8.0%
3
Colombia
CAD 110
8.0%
4
Ecuador
CAD 109
9.5%
5
Guatemala
CAD 108
9.6%
6
Costa Rica
CAD 107
10.5%
7
Panama
CAD 107
11.0%
8
Peru
CAD 105
12.5%
9
Argentina
CAD 100
17.0%
10
Chile
CAD 99
17.6%
11
Uruguay
CAD 98
18.1%
12
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Africa
Country
Net pay
Average tax
Rank
South Africa
CAD 119
1.0%
1
Uganda
CAD 114
5.0%
2
Ghana
CAD 113
5.5%
3
Zambia
CAD 113
6.0%
4
Morocco
CAD 112
6.7%
5
Angola
CAD 111
7.2%
6
Ivory Coast
CAD 111
7.5%
7
Senegal
CAD 108
10.3%
8
Cameroon
CAD 101
15.6%
9
Nigeria
CAD 100
16.8%
10
Mozambique
CAD 93
22.8%
11
Kenya
CAD 75
37.8%
12
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Middle East
Country
Net pay
Average tax
Rank
Egypt
CAD 120
0.0%
1
Saudi Arabia
CAD 120
0.0%
2
United Arab Emirates
CAD 114
5.0%
3
Qatar
CAD 114
5.0%
4
Lebanon
CAD 112
7.0%
5
Bahrain
CAD 110
8.0%
6
Oman
CAD 110
8.0%
7
Kuwait
CAD 107
11.0%
8
Israel
CAD 104
13.2%
9
Turkey
CAD 101
15.8%
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.