Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$20,405
Federal tax deduction
- $2,675
Provincial tax deduction
- $990
CPP deduction
- $964
EI deduction
- $322
Total tax
- $4,951
Net pay
* $15,454
Marginal tax rate
31.9%
Average tax rate
24.3%
75.7%
Net pay
24.3%
Total tax
Total tax
Net pay
The Taxberg
$15,454
Net pay
$1,415
Tax the employer pays
$4,951
Tax you pay
Total tax paid
$6,366
Did you know your employer also pays tax on your salary? It costs the employer $1,415 to pay you $20,405. In other words, every time you spend $10 of your hard-earned money, $3.12 goes to the government.
Real tax rate
29.2%
So, with you and the employer both paying tax, what used to be a 24.3% tax rate now rises to 29.2%, meaning your real tax rate is actually 4.9% higher than what it seemed at first.
People also ask
$20,405 yearly is how much per hour?
$10.46 hourly is how much per year?
What is the average salary in Canada?
Summary
If you make $20,405 a year living in the region of Ontario, Canada, you will be taxed $4,951. That means that your net pay will be $15,454 per year, or $1,288 per month. Your average tax rate is 24.3% 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.
Compare average tax
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 16,340
19.9%
1
British Columbia
CAD 15,959
21.8%
2
Nunavut
CAD 15,679
23.2%
3
Ontario
CAD 15,454
24.3%
4
Northwest Territories
CAD 15,316
24.9%
5
Yukon
CAD 15,303
25.0%
6
Newfoundland and Labrador
CAD 14,781
27.6%
7
Nova Scotia
CAD 14,764
27.6%
8
New Brunswick
CAD 14,647
28.2%
9
Prince Edward Island
CAD 14,571
28.6%
10
Alberta
CAD 14,532
28.8%
11
Saskatchewan
CAD 14,437
29.2%
12
Manitoba
CAD 14,379
29.5%
13
Show more
North America
Country 
Net pay
Average tax
Rank
USA
CAD 18,061
11.5%
1
Canada
CAD 15,454
24.3%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
CAD 19,611
3.9%
1
Hong Kong
CAD 19,385
5.0%
2
Thailand
CAD 18,889
7.4%
3
Taiwan
CAD 18,600
8.9%
4
South Korea
CAD 17,804
12.8%
5
Pakistan
CAD 17,773
12.9%
6
Malaysia
CAD 17,395
14.8%
7
New Zealand
CAD 17,364
14.9%
8
Indonesia
CAD 17,321
15.1%
9
Philippines
CAD 16,625
18.5%
10
Japan
CAD 16,545
18.9%
11
Singapore
CAD 16,330
20.0%
12
Kazakhstan
CAD 16,182
20.7%
13
Vietnam
CAD 15,700
23.1%
14
India
CAD 14,816
27.4%
15
China
CAD 14,441
29.2%
16
Show more
Latin America
Country 
Net pay
Average tax
Rank
Puerto Rico
CAD 18,600
8.9%
1
Guatemala
CAD 18,448
9.6%
2
Ecuador
CAD 18,342
10.1%
3
Colombia
CAD 18,295
10.3%
4
Costa Rica
CAD 18,262
10.5%
5
Panama
CAD 17,737
13.1%
6
Mexico
CAD 16,689
18.2%
7
Chile
CAD 16,684
18.2%
8
Uruguay
CAD 16,122
21.0%
9
Peru
CAD 15,866
22.3%
10
Brazil
CAD 15,612
23.5%
11
Argentina
CAD 13,254
35.1%
12
Show more
Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 19,385
5.0%
1
Qatar
CAD 19,385
5.0%
2
Bahrain
CAD 18,773
8.0%
3
Oman
CAD 18,773
8.0%
4
Saudi Arabia
CAD 18,365
10.0%
5
Kuwait
CAD 18,160
11.0%
6
Israel
CAD 17,722
13.2%
7
Egypt
CAD 15,689
23.1%
8
Lebanon
CAD 15,567
23.7%
9
Turkey
CAD 11,385
44.2%
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.