Income tax calculator Ontario
Find out how much your salary is after tax
Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$122
EI deduction
- $1.93
Total tax
- $1.93
Net pay
*
$120
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
$120
Net pay
$2.70
Tax the employer pays
$1.93
Tax you pay
Total tax paid
$4.63
Did you know your employer also pays tax on your salary? It costs the employer $2.70 to pay you $122. 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 $122 a year living in the region of Ontario, Canada, you will be taxed $1.93. That means that your net pay will be $120 per year, or $10.01 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 120
1.6%
1
Ontario
CAD 120
1.6%
2
Yukon
CAD 120
1.6%
3
Quebec
CAD 120
1.7%
4
Newfoundland and Labrador
CAD 110
10.1%
5
Nova Scotia
CAD 110
10.2%
6
New Brunswick
CAD 109
10.8%
7
Prince Edward Island
CAD 108
11.2%
8
Alberta
CAD 108
11.4%
9
Saskatchewan
CAD 107
11.9%
10
Manitoba
CAD 107
12.2%
11
Nunavut
CAD 115
5.5%
12
Northwest Territories
CAD 113
7.4%
13
Show more
Europe
Country
Net pay
Average tax
Rank
United Kingdom
CAD 122
0.0%
1
Germany
CAD 122
0.0%
2
Austria
CAD 122
0.0%
3
Ireland
CAD 122
0.0%
4
Sweden
CAD 122
0.0%
5
Norway
CAD 122
0.0%
6
Spain
CAD 114
6.4%
7
Italy
CAD 111
9.2%
8
France
CAD 110
9.7%
9
Czech Republic
CAD 109
11.0%
10
Luxembourg
CAD 109
11.1%
11
Russia
CAD 106
13.0%
12
Hungary
CAD 99
18.5%
13
Ukraine
CAD 98
19.5%
14
Poland
CAD 96
21.5%
15
Greece
CAD 95
21.9%
16
Portugal
CAD 91
25.6%
17
Finland
CAD 84
30.8%
18
Belgium
CAD 83
32.0%
19
Netherlands
CAD 77
37.1%
20
Switzerland
CAD 76
37.9%
21
Romania
CAD 71
41.5%
22
Denmark
CAD 0
100.0%
23
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North America
Country
Net pay
Average tax
Rank
Canada
CAD 120
1.6%
1
USA
CAD 111
8.7%
2
Asia / Pacific
Country
Net pay
Average tax
Rank
Australia
CAD 122
0.0%
1
Singapore
CAD 122
0.0%
2
Hong Kong
CAD 122
0.0%
3
Thailand
CAD 116
5.0%
4
Indonesia
CAD 111
8.8%
5
Taiwan
CAD 111
8.9%
6
South Korea
CAD 109
10.7%
7
New Zealand
CAD 107
11.9%
8
India
CAD 107
12.0%
9
Pakistan
CAD 107
12.3%
10
China
CAD 106
13.2%
11
Vietnam
CAD 104
15.0%
12
Malaysia
CAD 101
17.5%
13
Japan
CAD 99
18.7%
14
Kazakhstan
CAD 97
20.8%
15
Philippines
CAD 71
41.8%
16
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Africa
Country
Net pay
Average tax
Rank
South Africa
CAD 121
1.0%
1
Uganda
CAD 116
5.0%
2
Ghana
CAD 115
5.5%
3
Zambia
CAD 115
6.0%
4
Morocco
CAD 114
6.7%
5
Angola
CAD 113
7.4%
6
Ivory Coast
CAD 113
7.5%
7
Senegal
CAD 109
10.3%
8
Cameroon
CAD 103
15.6%
9
Nigeria
CAD 102
16.8%
10
Mozambique
CAD 94
22.6%
11
Kenya
CAD 77
37.2%
12
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Middle East
Country
Net pay
Average tax
Rank
Egypt
CAD 122
0.0%
1
Saudi Arabia
CAD 122
0.0%
2
United Arab Emirates
CAD 116
5.0%
3
Qatar
CAD 116
5.0%
4
Lebanon
CAD 113
7.0%
5
Oman
CAD 112
8.0%
6
Bahrain
CAD 112
8.0%
7
Kuwait
CAD 109
11.0%
8
Israel
CAD 106
13.2%
9
Turkey
CAD 103
15.8%
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.