Income Tax Calculator Ontario

Find out how much your salary is after tax

Enter your gross income

Salary rate

Withholding

Salary $159,500

EI deduction - $953

CPP deduction - $3,500

Federal tax deduction - $32,452

Provincial tax deduction - $19,162

Total tax - $56,066

Net pay * $103,434

Marginal tax rate 46.3%

Average tax rate 35.2%

35.2%Total tax

64.8%

Net pay

The Taxberg

$103,434

Net pay

$4,834

Tax the employer pays

$56,066

Tax you pay

Total tax paid

$60,900

Did you know your employer also pays tax on your salary? It costs the employer $4,834 to pay you $159,500. In other words, every time you spend $10 of your hard-earned money, $3.82 goes to the government.

Real tax rate

37.1%

So, with you and the employer both paying tax, what used to be a 35.2% tax rate now rises to 37.1%, meaning your real tax rate is actually 1.9% higher than what it seemed at first.

Summary

If you make $159,500 a year living in the region of Ontario, Canada, you will be taxed $56,066. That means that your net pay will be $103,434 per year, or $8,619 per month. Your average tax rate is 35.2% and your marginal tax rate is 46.3%. 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 $46.3, hence, your net pay will only increase by $53.7.

Bonus Example

A $1,000 bonus will generate an extra $537 of net incomes. A $5,000 bonus will generate an extra $2,685 of net incomes.

Province

AlbertaBritish ColumbiaManitobaNew BrunswickNewfoundland and LabradorNorthwest TerritoriesNova ScotiaNunavutOntarioPrince Edward IslandQuebecSaskatchewanYukon

Tax per income

$159,500$160,000$160,500$161,000$161,500$162,000$162,500$163,000$163,500$164,000$164,500$165,000$165,500$166,000$166,500$167,000$167,500$168,000$168,500$169,000

Tax per region

Country	Net pay	Average tax	Rank
Nunavut	CAD 111,665	30.0%	1
Yukon	CAD 108,711	31.8%	2
British Columbia	CAD 107,589	32.5%	3
Nova Scotia	CAD 98,355	38.3%	11
Prince Edward Island	CAD 98,473	38.3%	12
Quebec	CAD 97,186	39.1%	13

NOTE* Withholding is calculated based on the Ontario tables of CA, 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.