Income tax calculator Ontario
Find out how much your salary is after tax
Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$16,740
Federal tax deduction
- $2,165
Provincial tax deduction
- $794
CPP deduction
- $755
EI deduction
- $264
Total tax
- $3,978
Net pay
*
$12,762
Marginal tax rate
25.9%
Average tax rate
23.8%
76.2%
Net pay
23.8%
Total tax
Total tax
Net pay
Want to send us feedback? Click here >
The Taxberg
$12,762
Net pay
$1,125
Tax the employer pays
$3,978
Tax you pay
Total tax paid
$5,103
Did you know your employer also pays tax on your salary? It costs the employer $1,125 to pay you $16,740. In other words, every time you spend $10 of your hard-earned money, $3.05 goes to the government.
Real tax rate
28.6%
So, with you and the employer both paying tax, what used to be a 23.8% tax rate now rises to 28.6%, meaning your real tax rate is actually 4.8% higher than what it seemed at first.
Summary
If you make $16,740 a year living in the region of Ontario, Canada, you will be taxed $3,978. That means that your net pay will be $12,762 per year, or $1,063 per month. Your average tax rate is 23.8% 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 13,844
17.3%
1
British Columbia
CAD 13,251
20.8%
2
Nunavut
CAD 12,927
22.8%
3
Ontario
CAD 12,762
23.8%
4
Yukon
CAD 12,632
24.5%
5
Northwest Territories
CAD 12,628
24.6%
6
Newfoundland and Labrador
CAD 12,188
27.2%
7
Nova Scotia
CAD 12,174
27.3%
8
New Brunswick
CAD 12,078
27.8%
9
Prince Edward Island
CAD 12,015
28.2%
10
Alberta
CAD 11,984
28.4%
11
Saskatchewan
CAD 11,905
28.9%
12
Manitoba
CAD 11,858
29.2%
13
Show more
North America
Country
Net pay
Average tax
Rank
USA
CAD 15,074
10.0%
1
Canada
CAD 12,762
23.8%
2
Asia / Pacific
Country
Net pay
Average tax
Rank
Australia
CAD 16,695
0.3%
1
Hong Kong
CAD 15,903
5.0%
2
Thailand
CAD 15,644
6.6%
3
Taiwan
CAD 15,258
8.9%
4
Pakistan
CAD 14,945
10.7%
5
South Korea
CAD 14,687
12.3%
6
Malaysia
CAD 14,473
13.5%
7
New Zealand
CAD 14,391
14.0%
8
Indonesia
CAD 14,323
14.4%
9
Philippines
CAD 13,958
16.6%
10
Japan
CAD 13,603
18.7%
11
Singapore
CAD 13,400
20.0%
12
Kazakhstan
CAD 13,258
20.8%
13
Vietnam
CAD 13,076
21.9%
14
India
CAD 12,725
24.0%
15
China
CAD 11,885
29.0%
16
Show more
Latin America
Country
Net pay
Average tax
Rank
Puerto Rico
CAD 15,422
7.9%
1
Colombia
CAD 15,195
9.2%
2
Ecuador
CAD 15,145
9.5%
3
Guatemala
CAD 15,135
9.6%
4
Costa Rica
CAD 14,982
10.5%
5
Panama
CAD 14,898
11.0%
6
Mexico
CAD 13,909
16.9%
7
Chile
CAD 13,785
17.7%
8
Uruguay
CAD 13,375
20.1%
9
Brazil
CAD 13,314
20.5%
10
Peru
CAD 13,108
21.7%
11
Argentina
CAD 10,871
35.1%
12
Show more
Africa
Country
Net pay
Average tax
Rank
South Africa
CAD 14,833
11.4%
1
Morocco
CAD 12,917
22.8%
2
Mozambique
CAD 12,821
23.4%
3
Ivory Coast
CAD 12,519
25.2%
4
Kenya
CAD 12,424
25.8%
5
Angola
CAD 12,418
25.8%
6
Ghana
CAD 12,231
26.9%
7
Cameroon
CAD 12,003
28.3%
8
Nigeria
CAD 11,560
31.0%
9
Uganda
CAD 11,291
32.6%
10
Senegal
CAD 11,235
32.9%
11
Zambia
CAD 10,702
36.1%
12
Show more
Middle East
Country
Net pay
Average tax
Rank
United Arab Emirates
CAD 15,903
5.0%
1
Qatar
CAD 15,903
5.0%
2
Bahrain
CAD 15,401
8.0%
3
Oman
CAD 15,401
8.0%
4
Saudi Arabia
CAD 15,066
10.0%
5
Kuwait
CAD 14,899
11.0%
6
Israel
CAD 14,539
13.2%
7
Egypt
CAD 12,940
22.7%
8
Lebanon
CAD 12,819
23.4%
9
Turkey
CAD 9,486
43.3%
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.