Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$20,483
Federal tax deduction
- $2,686
Provincial tax deduction
- $998
CPP deduction
- $968
EI deduction
- $324
Total tax
- $4,975
Net pay
* $15,508
Marginal tax rate
31.9%
Average tax rate
24.3%
75.7%
Net pay
24.3%
Total tax
Total tax
Net pay
The Taxberg
$15,508
Net pay
$1,421
Tax the employer pays
$4,975
Tax you pay
Total tax paid
$6,397
Did you know your employer also pays tax on your salary? It costs the employer $1,421 to pay you $20,483. 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
$20,483 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 $20,483 a year living in the region of Ontario, Canada, you will be taxed $4,975. That means that your net pay will be $15,508 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.
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
Europe
Country 
Net pay
Average tax
Rank
United Kingdom
CAD 20,483
0.0%
1
Ireland
CAD 20,363
0.6%
2
Spain
CAD 19,182
6.4%
3
Switzerland
CAD 19,052
7.0%
4
France
CAD 18,137
11.5%
5
Norway
CAD 18,029
12.0%
6
Russia
CAD 17,820
13.0%
7
Luxembourg
CAD 17,745
13.4%
8
Austria
CAD 17,415
15.0%
9
Italy
CAD 17,255
15.8%
10
Czech Republic
CAD 16,961
17.2%
11
Hungary
CAD 16,694
18.5%
12
Ukraine
CAD 16,489
19.5%
13
Germany
CAD 16,453
19.7%
14
Greece
CAD 15,649
23.6%
15
Sweden
CAD 15,524
24.2%
16
Poland
CAD 14,816
27.7%
17
Portugal
CAD 14,165
30.9%
18
Finland
CAD 13,989
31.7%
19
Belgium
CAD 13,905
32.1%
20
Denmark
CAD 13,696
33.1%
21
Netherlands
CAD 12,889
37.1%
22
Romania
CAD 11,983
41.5%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 18,121
11.5%
1
Canada
CAD 15,508
24.3%
2
Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 17,660
13.8%
1
Mozambique
CAD 15,516
24.3%
2
Morocco
CAD 15,331
25.2%
3
Angola
CAD 15,143
26.1%
4
Kenya
CAD 15,044
26.6%
5
Ivory Coast
CAD 14,990
26.8%
6
Ghana
CAD 14,883
27.3%
7
Cameroon
CAD 14,211
30.6%
8
Nigeria
CAD 14,106
31.1%
9
Uganda
CAD 13,723
33.0%
10
Senegal
CAD 13,621
33.5%
11
Zambia
CAD 13,004
36.5%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 19,459
5.0%
1
Qatar
CAD 19,459
5.0%
2
Bahrain
CAD 18,844
8.0%
3
Oman
CAD 18,844
8.0%
4
Saudi Arabia
CAD 18,435
10.0%
5
Kuwait
CAD 18,230
11.0%
6
Israel
CAD 17,789
13.2%
7
Egypt
CAD 15,747
23.1%
8
Lebanon
CAD 15,626
23.7%
9
Turkey
CAD 11,434
44.2%
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.