Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$12,062
Federal tax deduction
- $1,514
Provincial tax deduction
- $575
CPP deduction
- $488
EI deduction
- $191
Total tax
- $2,768
Net pay
* $9,294
Marginal tax rate
25.9%
Average tax rate
22.9%
77.1%
Net pay
22.9%
Total tax
Total tax
Net pay
The Taxberg
$9,294
Net pay
$755
Tax the employer pays
$2,768
Tax you pay
Total tax paid
$3,523
Did you know your employer also pays tax on your salary? It costs the employer $755 to pay you $12,062. In other words, every time you spend $10 of your hard-earned money, $2.92 goes to the government.
Real tax rate
27.5%
So, with you and the employer both paying tax, what used to be a 22.9% tax rate now rises to 27.5%, meaning your real tax rate is actually 4.6% higher than what it seemed at first.
People also ask
$12,062 yearly is how much per hour?
$6.19 hourly is how much per year?
What is the average salary in Canada?
Summary
If you make $12,062 a year living in the region of Ontario, Canada, you will be taxed $2,768. That means that your net pay will be $9,294 per year, or $775 per month. Your average tax rate is 23.0% and your marginal tax rate is 25.9%. 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 $25.87, hence, your net pay will only increase by $74.13.
Bonus Example
A $1,000 bonus will generate an extra $741 of net incomes. A $5,000 bonus will generate an extra $3,707 of net incomes.
Compare average tax
Region
Alberta
British Columbia
Manitoba
New Brunswick
Newfoundland and Labrador
Northwest Territories
Nova Scotia
Nunavut
Ontario
Prince Edward Island
Quebec
Saskatchewan
Yukon
Tax per income
$12,500
$13,000
$13,500
$14,000
$14,500
$15,000
$15,500
$16,000
$16,500
$17,000
$17,500
$18,000
$18,500
$19,000
$19,500
$20,000
$20,500
$21,000
$21,500
$22,000
Tax per region
Region
Net pay
Average tax
Rank
Quebec
CAD 10,073
16.5%
1
British Columbia
CAD 9,784
18.9%
2
Nunavut
CAD 9,414
22.0%
3
Ontario
CAD 9,294
22.9%
4
Yukon
CAD 9,223
23.5%
5
Northwest Territories
CAD 9,197
23.7%
6
Newfoundland and Labrador
CAD 8,879
26.4%
7
Nova Scotia
CAD 8,868
26.5%
8
New Brunswick
CAD 8,799
27.1%
9
Prince Edward Island
CAD 8,753
27.4%
10
Alberta
CAD 8,731
27.6%
11
Saskatchewan
CAD 8,674
28.1%
12
Manitoba
CAD 8,640
28.4%
13
Show more
Europe
Country 
Net pay
Average tax
Rank
United Kingdom
CAD 12,062
0.0%
1
Ireland
CAD 12,062
0.0%
2
Spain
CAD 11,296
6.4%
3
Switzerland
CAD 11,204
7.1%
4
Norway
CAD 11,105
7.9%
5
Italy
CAD 11,057
8.3%
6
France
CAD 10,892
9.7%
7
Czech Republic
CAD 10,706
11.3%
8
Luxembourg
CAD 10,704
11.3%
9
Russia
CAD 10,494
13.0%
10
Austria
CAD 10,255
15.0%
11
Hungary
CAD 9,831
18.5%
12
Ukraine
CAD 9,710
19.5%
13
Germany
CAD 9,689
19.7%
14
Sweden
CAD 9,494
21.3%
15
Greece
CAD 9,427
21.9%
16
Poland
CAD 9,422
21.9%
17
Portugal
CAD 8,858
26.6%
18
Finland
CAD 8,353
30.8%
19
Belgium
CAD 8,202
32.0%
20
Denmark
CAD 8,031
33.4%
21
Netherlands
CAD 7,590
37.1%
22
Romania
CAD 7,056
41.5%
23
Show more
North America
Country 
Net pay
Average tax
Rank
USA
CAD 10,965
9.1%
1
Canada
CAD 9,294
23.0%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
CAD 12,062
0.0%
1
Hong Kong
CAD 12,062
0.0%
2
Thailand
CAD 11,417
5.4%
3
Pakistan
CAD 11,209
7.1%
4
Taiwan
CAD 10,994
8.9%
5
Malaysia
CAD 10,645
11.8%
6
South Korea
CAD 10,632
11.9%
7
New Zealand
CAD 10,597
12.2%
8
Indonesia
CAD 10,466
13.2%
9
Philippines
CAD 10,450
13.4%
10
Japan
CAD 9,801
18.7%
11
Vietnam
CAD 9,672
19.8%
12
Singapore
CAD 9,651
20.0%
13
India
CAD 9,611
20.3%
14
Kazakhstan
CAD 9,553
20.8%
15
China
CAD 8,622
28.5%
16
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Latin America
Country 
Net pay
Average tax
Rank
Puerto Rico
CAD 11,103
8.0%
1
Colombia
CAD 11,097
8.0%
2
Ecuador
CAD 10,922
9.5%
3
Guatemala
CAD 10,905
9.6%
4
Costa Rica
CAD 10,795
10.5%
5
Panama
CAD 10,735
11.0%
6
Peru
CAD 10,554
12.5%
7
Mexico
CAD 10,360
14.1%
8
Brazil
CAD 10,242
15.1%
9
Chile
CAD 9,939
17.6%
10
Uruguay
CAD 9,638
20.1%
11
Argentina
CAD 7,831
35.1%
12
Show more
Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 11,040
8.5%
1
Morocco
CAD 9,892
18.0%
2
Mozambique
CAD 9,453
21.6%
3
Ivory Coast
CAD 9,296
22.9%
4
Cameroon
CAD 9,257
23.3%
5
Kenya
CAD 9,163
24.0%
6
Angola
CAD 8,998
25.4%
7
Ghana
CAD 8,915
26.1%
8
Nigeria
CAD 8,378
30.5%
9
Uganda
CAD 8,250
31.6%
10
Senegal
CAD 8,208
32.0%
11
Zambia
CAD 7,974
33.9%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 11,459
5.0%
1
Qatar
CAD 11,459
5.0%
2
Bahrain
CAD 11,097
8.0%
3
Oman
CAD 11,097
8.0%
4
Saudi Arabia
CAD 10,856
10.0%
5
Kuwait
CAD 10,735
11.0%
6
Israel
CAD 10,476
13.2%
7
Egypt
CAD 9,431
21.8%
8
Lebanon
CAD 9,310
22.8%
9
Turkey
CAD 7,136
40.8%
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.