Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$20,442
Federal tax deduction
- $2,680
Provincial tax deduction
- $994
CPP deduction
- $966
EI deduction
- $323
Total tax
- $4,962
Net pay
* $15,480
Marginal tax rate
31.9%
Average tax rate
24.3%
75.7%
Net pay
24.3%
Total tax
Total tax
Net pay
The Taxberg
$15,480
Net pay
$1,418
Tax the employer pays
$4,962
Tax you pay
Total tax paid
$6,380
Did you know your employer also pays tax on your salary? It costs the employer $1,418 to pay you $20,442. 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
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Summary
If you make $20,442 a year living in the region of Ontario, Canada, you will be taxed $4,962. That means that your net pay will be $15,480 per year, or $1,290 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
North America
Country 
Net pay
Average tax
Rank
USA
CAD 18,090
11.5%
1
Canada
CAD 15,480
24.3%
2
Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 17,630
13.8%
1
Mozambique
CAD 15,486
24.2%
2
Morocco
CAD 15,305
25.1%
3
Angola
CAD 15,113
26.1%
4
Kenya
CAD 15,015
26.6%
5
Ivory Coast
CAD 14,963
26.8%
6
Ghana
CAD 14,854
27.3%
7
Cameroon
CAD 14,187
30.6%
8
Nigeria
CAD 14,078
31.1%
9
Uganda
CAD 13,697
33.0%
10
Senegal
CAD 13,595
33.5%
11
Zambia
CAD 12,979
36.5%
12
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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.