Income tax calculator Ontario
Find out how much your salary is after tax
Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$15,622
Federal tax deduction
- $2,010
Provincial tax deduction
- $742
CPP deduction
- $691
EI deduction
- $247
Total tax
- $3,689
Net pay
*
$11,933
Marginal tax rate
25.9%
Average tax rate
23.6%
76.4%
Net pay
23.6%
Total tax
Total tax
Net pay
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The Taxberg
$11,933
Net pay
$1,037
Tax the employer pays
$3,689
Tax you pay
Total tax paid
$4,725
Did you know your employer also pays tax on your salary? It costs the employer $1,037 to pay you $15,622. In other words, every time you spend $10 of your hard-earned money, $3.02 goes to the government.
Real tax rate
28.4%
So, with you and the employer both paying tax, what used to be a 23.6% tax rate now rises to 28.4%, meaning your real tax rate is actually 4.8% higher than what it seemed at first.
Summary
If you make $15,622 a year living in the region of Ontario, Canada, you will be taxed $3,689. That means that your net pay will be $11,933 per year, or $994 per month. Your average tax rate is 23.6% 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
Tax per region
Region
Net pay
Average tax
Rank
Quebec
CAD 12,943
17.1%
1
British Columbia
CAD 12,423
20.5%
2
Nunavut
CAD 12,087
22.6%
3
Ontario
CAD 11,933
23.6%
4
Northwest Territories
CAD 11,808
24.4%
5
Yukon
CAD 11,817
24.4%
6
Newfoundland and Labrador
CAD 11,397
27.0%
7
Nova Scotia
CAD 11,384
27.1%
8
New Brunswick
CAD 11,294
27.7%
9
Prince Edward Island
CAD 11,236
28.1%
10
Alberta
CAD 11,206
28.3%
11
Saskatchewan
CAD 11,133
28.7%
12
Manitoba
CAD 11,089
29.0%
13
Show more
North America
Country
Net pay
Average tax
Rank
USA
CAD 14,092
9.8%
1
Canada
CAD 11,933
23.6%
2
Asia / Pacific
Country
Net pay
Average tax
Rank
Australia
CAD 15,622
0.0%
1
Hong Kong
CAD 15,083
3.5%
2
Thailand
CAD 14,638
6.3%
3
Taiwan
CAD 14,239
8.9%
4
Pakistan
CAD 14,063
10.0%
5
South Korea
CAD 13,729
12.1%
6
Malaysia
CAD 13,601
12.9%
7
New Zealand
CAD 13,485
13.7%
8
Indonesia
CAD 13,402
14.2%
9
Philippines
CAD 13,120
16.0%
10
Japan
CAD 12,694
18.7%
11
Singapore
CAD 12,498
20.0%
12
Kazakhstan
CAD 12,373
20.8%
13
Vietnam
CAD 12,276
21.4%
14
India
CAD 12,003
23.2%
15
China
CAD 11,105
28.9%
16
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Latin America
Country
Net pay
Average tax
Rank
Puerto Rico
CAD 14,389
7.9%
1
Colombia
CAD 14,300
8.5%
2
Ecuador
CAD 14,146
9.5%
3
Guatemala
CAD 14,124
9.6%
4
Costa Rica
CAD 13,982
10.5%
5
Panama
CAD 13,904
11.0%
6
Mexico
CAD 13,061
16.4%
7
Chile
CAD 12,873
17.6%
8
Brazil
CAD 12,614
19.3%
9
Uruguay
CAD 12,482
20.1%
10
Peru
CAD 12,267
21.5%
11
Argentina
CAD 10,145
35.1%
12
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Africa
Country
Net pay
Average tax
Rank
South Africa
CAD 13,923
10.9%
1
Morocco
CAD 12,195
21.9%
2
Mozambique
CAD 12,016
23.1%
3
Ivory Coast
CAD 11,749
24.8%
4
Kenya
CAD 11,641
25.5%
5
Angola
CAD 11,603
25.7%
6
Ghana
CAD 11,438
26.8%
7
Cameroon
CAD 11,352
27.3%
8
Nigeria
CAD 10,799
30.9%
9
Uganda
CAD 10,564
32.4%
10
Senegal
CAD 10,519
32.7%
11
Zambia
CAD 10,014
35.9%
12
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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.