Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$20,061
Federal tax deduction
- $2,627
Provincial tax deduction
- $953
CPP deduction
- $944
EI deduction
- $317
Total tax
- $4,841
Net pay
* $15,220
Marginal tax rate
31.9%
Average tax rate
24.1%
75.9%
Net pay
24.1%
Total tax
Total tax
Net pay
The Taxberg
$15,220
Net pay
$1,388
Tax the employer pays
$4,841
Tax you pay
Total tax paid
$6,229
Did you know your employer also pays tax on your salary? It costs the employer $1,388 to pay you $20,061. In other words, every time you spend $10 of your hard-earned money, $3.10 goes to the government.
Real tax rate
29.0%
So, with you and the employer both paying tax, what used to be a 24.1% tax rate now rises to 29.0%, meaning your real tax rate is actually 4.9% higher than what it seemed at first.
People also ask
$20,061 yearly is how much per hour?
$10.29 hourly is how much per year?
What is the average salary in Canada?
Summary
If you make $20,061 a year living in the region of Ontario, Canada, you will be taxed $4,841. That means that your net pay will be $15,220 per year, or $1,268 per month. Your average tax rate is 24.1% and your marginal tax rate is 31.9%. 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 $31.87, hence, your net pay will only increase by $68.13.
Bonus Example
A $1,000 bonus will generate an extra $681 of net incomes. A $5,000 bonus will generate an extra $3,407 of net incomes.
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
$20,500
$21,000
$21,500
$22,000
$22,500
$23,000
$23,500
$24,000
$24,500
$25,000
$25,500
$26,000
$26,500
$27,000
$27,500
$28,000
$28,500
$29,000
$29,500
$30,000
Tax per region
Region
Net pay
Average tax
Rank
Quebec
CAD 16,114
19.7%
1
British Columbia
CAD 15,711
21.7%
2
Nunavut
CAD 15,421
23.1%
3
Ontario
CAD 15,220
24.1%
4
Northwest Territories
CAD 15,064
24.9%
5
Yukon
CAD 15,052
25.0%
6
Newfoundland and Labrador
CAD 14,537
27.5%
7
Nova Scotia
CAD 14,521
27.6%
8
New Brunswick
CAD 14,406
28.2%
9
Prince Edward Island
CAD 14,331
28.6%
10
Alberta
CAD 14,293
28.8%
11
Saskatchewan
CAD 14,199
29.2%
12
Manitoba
CAD 14,143
29.5%
13
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 17,793
11.3%
1
Canada
CAD 15,220
24.1%
2
Latin America
Country 
Net pay
Average tax
Rank
Puerto Rico
CAD 18,306
8.8%
1
Guatemala
CAD 18,137
9.6%
2
Ecuador
CAD 18,046
10.0%
3
Colombia
CAD 18,030
10.1%
4
Costa Rica
CAD 17,955
10.5%
5
Panama
CAD 17,477
12.9%
6
Mexico
CAD 16,428
18.1%
7
Chile
CAD 16,412
18.2%
8
Uruguay
CAD 15,875
20.9%
9
Peru
CAD 15,607
22.2%
10
Brazil
CAD 15,384
23.3%
11
Argentina
CAD 13,030
35.1%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 19,058
5.0%
1
Qatar
CAD 19,058
5.0%
2
Bahrain
CAD 18,456
8.0%
3
Oman
CAD 18,456
8.0%
4
Saudi Arabia
CAD 18,055
10.0%
5
Kuwait
CAD 17,854
11.0%
6
Israel
CAD 17,423
13.2%
7
Egypt
CAD 15,431
23.1%
8
Lebanon
CAD 15,309
23.7%
9
Turkey
CAD 11,167
44.3%
10
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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.