Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$20,343
Federal tax deduction
- $2,666
Provincial tax deduction
- $983
CPP deduction
- $960
EI deduction
- $321
Total tax
- $4,931
Net pay
* $15,412
Marginal tax rate
31.9%
Average tax rate
24.2%
75.8%
Net pay
24.2%
Total tax
Total tax
Net pay
The Taxberg
$15,412
Net pay
$1,410
Tax the employer pays
$4,931
Tax you pay
Total tax paid
$6,341
Did you know your employer also pays tax on your salary? It costs the employer $1,410 to pay you $20,343. In other words, every time you spend $10 of your hard-earned money, $3.12 goes to the government.
Real tax rate
29.1%
So, with you and the employer both paying tax, what used to be a 24.2% tax rate now rises to 29.1%, meaning your real tax rate is actually 4.9% higher than what it seemed at first.
Summary
If you make $20,343 a year living in the region of Ontario, Canada, you will be taxed $4,931. That means that your net pay will be $15,412 per year, or $1,284 per month. Your average tax rate is 24.2% 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.
Tax per region
Region
Net pay
Average tax
Rank
Quebec
CAD 16,299
19.9%
1
British Columbia
CAD 15,914
21.8%
2
Nunavut
CAD 15,633
23.2%
3
Ontario
CAD 15,412
24.2%
4
Northwest Territories
CAD 15,271
24.9%
5
Yukon
CAD 15,258
25.0%
6
Newfoundland and Labrador
CAD 14,737
27.6%
7
Nova Scotia
CAD 14,720
27.6%
8
New Brunswick
CAD 14,604
28.2%
9
Prince Edward Island
CAD 14,527
28.6%
10
Alberta
CAD 14,489
28.8%
11
Saskatchewan
CAD 14,394
29.2%
12
Manitoba
CAD 14,337
29.5%
13
Show more
North America
Country 
Net pay
Average tax
Rank
USA
CAD 18,012
11.5%
1
Canada
CAD 15,412
24.2%
2
Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 17,556
13.7%
1
Mozambique
CAD 15,415
24.2%
2
Morocco
CAD 15,241
25.1%
3
Angola
CAD 15,041
26.1%
4
Kenya
CAD 14,946
26.5%
5
Ivory Coast
CAD 14,898
26.8%
6
Ghana
CAD 14,784
27.3%
7
Cameroon
CAD 14,127
30.6%
8
Nigeria
CAD 14,010
31.1%
9
Uganda
CAD 13,632
33.0%
10
Senegal
CAD 13,532
33.5%
11
Zambia
CAD 12,918
36.5%
12
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.