Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$12,923
Federal tax deduction
- $1,634
Provincial tax deduction
- $615
CPP deduction
- $537
EI deduction
- $204
Total tax
- $2,991
Net pay
* $9,932
Marginal tax rate
25.9%
Average tax rate
23.1%
76.9%
Net pay
23.1%
Total tax
Total tax
Net pay
The Taxberg
$9,932
Net pay
$823
Tax the employer pays
$2,991
Tax you pay
Total tax paid
$3,814
Did you know your employer also pays tax on your salary? It costs the employer $823 to pay you $12,923. In other words, every time you spend $10 of your hard-earned money, $2.95 goes to the government.
Real tax rate
27.7%
So, with you and the employer both paying tax, what used to be a 23.1% tax rate now rises to 27.7%, meaning your real tax rate is actually 4.6% higher than what it seemed at first.
People also ask
$12,923 yearly is how much per hour?
$6.63 hourly is how much per year?
What is the average salary in Canada?
Summary
If you make $12,923 a year living in the region of Ontario, Canada, you will be taxed $2,991. That means that your net pay will be $9,932 per year, or $828 per month. Your average tax rate is 23.1% 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 10,767
16.7%
1
British Columbia
CAD 10,422
19.4%
2
Nunavut
CAD 10,060
22.2%
3
Ontario
CAD 9,932
23.1%
4
Yukon
CAD 9,850
23.8%
5
Northwest Territories
CAD 9,829
23.9%
6
Newfoundland and Labrador
CAD 9,488
26.6%
7
Nova Scotia
CAD 9,477
26.7%
8
New Brunswick
CAD 9,402
27.2%
9
Prince Edward Island
CAD 9,354
27.6%
10
Alberta
CAD 9,329
27.8%
11
Saskatchewan
CAD 9,268
28.3%
12
Manitoba
CAD 9,232
28.6%
13
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Europe
Country 
Net pay
Average tax
Rank
United Kingdom
CAD 12,923
0.0%
1
Ireland
CAD 12,923
0.0%
2
Italy
CAD 12,297
4.8%
3
Spain
CAD 12,102
6.4%
4
Switzerland
CAD 12,006
7.1%
5
Norway
CAD 11,889
8.0%
6
France
CAD 11,669
9.7%
7
Luxembourg
CAD 11,458
11.3%
8
Czech Republic
CAD 11,366
12.1%
9
Russia
CAD 11,243
13.0%
10
Austria
CAD 10,988
15.0%
11
Hungary
CAD 10,532
18.5%
12
Ukraine
CAD 10,403
19.5%
13
Germany
CAD 10,380
19.7%
14
Sweden
CAD 10,141
21.5%
15
Greece
CAD 10,099
21.9%
16
Poland
CAD 9,988
22.7%
17
Portugal
CAD 9,426
27.1%
18
Finland
CAD 8,949
30.8%
19
Belgium
CAD 8,788
32.0%
20
Denmark
CAD 8,610
33.4%
21
Netherlands
CAD 8,132
37.1%
22
Romania
CAD 7,560
41.5%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 11,721
9.3%
1
Canada
CAD 9,932
23.1%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
CAD 12,923
0.0%
1
Hong Kong
CAD 12,923
0.0%
2
Thailand
CAD 12,206
5.6%
3
Pakistan
CAD 11,904
7.9%
4
Taiwan
CAD 11,779
8.9%
5
Malaysia
CAD 11,405
11.8%
6
South Korea
CAD 11,384
11.9%
7
New Zealand
CAD 11,295
12.6%
8
Indonesia
CAD 11,176
13.5%
9
Philippines
CAD 11,096
14.1%
10
Japan
CAD 10,501
18.7%
11
Singapore
CAD 10,342
20.0%
12
Vietnam
CAD 10,327
20.1%
13
Kazakhstan
CAD 10,235
20.8%
14
India
CAD 10,190
21.2%
15
China
CAD 9,222
28.6%
16
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Latin America
Country 
Net pay
Average tax
Rank
Puerto Rico
CAD 11,897
7.9%
1
Colombia
CAD 11,889
8.0%
2
Ecuador
CAD 11,702
9.5%
3
Guatemala
CAD 11,684
9.6%
4
Costa Rica
CAD 11,566
10.5%
5
Panama
CAD 11,501
11.0%
6
Peru
CAD 11,308
12.5%
7
Mexico
CAD 11,013
14.8%
8
Brazil
CAD 10,835
16.2%
9
Chile
CAD 10,649
17.6%
10
Uruguay
CAD 10,325
20.1%
11
Argentina
CAD 8,390
35.1%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 11,737
9.2%
1
Morocco
CAD 10,454
19.1%
2
Mozambique
CAD 10,073
22.1%
3
Ivory Coast
CAD 9,889
23.5%
4
Cameroon
CAD 9,778
24.3%
5
Kenya
CAD 9,757
24.5%
6
Angola
CAD 9,629
25.5%
7
Ghana
CAD 9,525
26.3%
8
Nigeria
CAD 8,963
30.6%
9
Uganda
CAD 8,809
31.8%
10
Senegal
CAD 8,767
32.2%
11
Zambia
CAD 8,460
34.5%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 12,277
5.0%
1
Qatar
CAD 12,277
5.0%
2
Bahrain
CAD 11,889
8.0%
3
Oman
CAD 11,889
8.0%
4
Saudi Arabia
CAD 11,631
10.0%
5
Kuwait
CAD 11,501
11.0%
6
Israel
CAD 11,224
13.2%
7
Egypt
CAD 10,077
22.0%
8
Lebanon
CAD 9,956
23.0%
9
Turkey
CAD 7,569
41.4%
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.