Income tax calculator Ontario
Find out how much your salary is after tax
Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$17,997
Federal tax deduction
- $2,340
Provincial tax deduction
- $853
CPP deduction
- $826
EI deduction
- $284
Total tax
- $4,303
Net pay
*
$13,694
Marginal tax rate
25.9%
Average tax rate
23.9%
76.1%
Net pay
23.9%
Total tax
Total tax
Net pay
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The Taxberg
$13,694
Net pay
$1,224
Tax the employer pays
$4,303
Tax you pay
Total tax paid
$5,528
Did you know your employer also pays tax on your salary? It costs the employer $1,224 to pay you $17,997. In other words, every time you spend $10 of your hard-earned money, $3.07 goes to the government.
Real tax rate
28.8%
So, with you and the employer both paying tax, what used to be a 23.9% tax rate now rises to 28.8%, meaning your real tax rate is actually 4.9% higher than what it seemed at first.
Summary
If you make $17,997 a year living in the region of Ontario, Canada, you will be taxed $4,303. That means that your net pay will be $13,694 per year, or $1,141 per month. Your average tax rate is 23.9% 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
North America
Country
Net pay
Average tax
Rank
USA
CAD 16,172
10.1%
1
Canada
CAD 13,694
23.9%
2
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.