Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$20,480
Federal tax deduction
- $2,685
Provincial tax deduction
- $998
CPP deduction
- $968
EI deduction
- $324
Total tax
- $4,975
Net pay
* $15,505
Marginal tax rate
31.9%
Average tax rate
24.3%
75.7%
Net pay
24.3%
Total tax
Total tax
Net pay
The Taxberg
$15,505
Net pay
$1,421
Tax the employer pays
$4,975
Tax you pay
Total tax paid
$6,395
Did you know your employer also pays tax on your salary? It costs the employer $1,421 to pay you $20,480. 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
$20,480 yearly is how much per hour?
$10.50 hourly is how much per year?
What is the average salary in Canada?
Summary
If you make $20,480 a year living in the region of Ontario, Canada, you will be taxed $4,975. That means that your net pay will be $15,505 per year, or $1,292 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 16,389
20.0%
1
British Columbia
CAD 16,013
21.8%
2
Nunavut
CAD 15,736
23.2%
3
Ontario
CAD 15,505
24.3%
4
Northwest Territories
CAD 15,371
24.9%
5
Yukon
CAD 15,358
25.0%
6
Newfoundland and Labrador
CAD 14,834
27.6%
7
Nova Scotia
CAD 14,817
27.7%
8
New Brunswick
CAD 14,700
28.2%
9
Prince Edward Island
CAD 14,623
28.6%
10
Alberta
CAD 14,584
28.8%
11
Saskatchewan
CAD 14,489
29.3%
12
Manitoba
CAD 14,431
29.5%
13
Show more
North America
Country 
Net pay
Average tax
Rank
USA
CAD 18,119
11.5%
1
Canada
CAD 15,505
24.3%
2
Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 19,456
5.0%
1
Qatar
CAD 19,456
5.0%
2
Bahrain
CAD 18,842
8.0%
3
Oman
CAD 18,842
8.0%
4
Saudi Arabia
CAD 18,432
10.0%
5
Kuwait
CAD 18,227
11.0%
6
Israel
CAD 17,787
13.2%
7
Egypt
CAD 15,745
23.1%
8
Lebanon
CAD 15,624
23.7%
9
Turkey
CAD 11,432
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.