Income tax calculator Ontario
Find out how much your salary is after tax
Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$2,050
Federal tax deduction
- $110
EI deduction
- $32.39
Total tax
- $142
Net pay
*
$1,908
Marginal tax rate
16.3%
Average tax rate
6.9%
93.1%
Net pay
6.9%
Total tax
Total tax
Net pay
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The Taxberg
$1,908
Net pay
$45.35
Tax the employer pays
$142
Tax you pay
Total tax paid
$187
Did you know your employer also pays tax on your salary? It costs the employer $45.35 to pay you $2,050. In other words, every time you spend $10 of your hard-earned money, $0.91 goes to the government.
Real tax rate
8.9%
So, with you and the employer both paying tax, what used to be a 6.9% tax rate now rises to 8.9%, meaning your real tax rate is actually 2% higher than what it seemed at first.
Summary
If you make $2,050 a year living in the region of Ontario, Canada, you will be taxed $142. That means that your net pay will be $1,908 per year, or $159 per month. Your average tax rate is 6.9% and your marginal tax rate is 16.3%. 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 $16.34, hence, your net pay will only increase by $83.66.
Bonus Example
A $1,000 bonus will generate an extra $837 of net incomes. A $5,000 bonus will generate an extra $4,183 of net incomes.
Compare average tax
Tax per region
Region
Net pay
Average tax
Rank
Nunavut
CAD 1,827
10.9%
1
Northwest Territories
CAD 1,789
12.7%
2
Newfoundland and Labrador
CAD 1,732
15.5%
3
Nova Scotia
CAD 1,731
15.6%
4
New Brunswick
CAD 1,718
16.2%
5
Prince Edward Island
CAD 1,710
16.6%
6
Alberta
CAD 1,706
16.8%
7
Saskatchewan
CAD 1,696
17.3%
8
Manitoba
CAD 1,690
17.6%
9
Quebec
CAD 1,924
6.1%
10
British Columbia
CAD 1,908
6.9%
11
Ontario
CAD 1,908
6.9%
12
Yukon
CAD 1,861
9.2%
13
Show more
North America
Country
Net pay
Average tax
Rank
Canada
CAD 1,908
6.9%
1
USA
CAD 1,872
8.7%
2
Latin America
Country
Net pay
Average tax
Rank
Mexico
CAD 2,001
2.4%
1
Brazil
CAD 1,896
7.5%
2
Puerto Rico
CAD 1,887
8.0%
3
Colombia
CAD 1,886
8.0%
4
Ecuador
CAD 1,856
9.5%
5
Guatemala
CAD 1,853
9.6%
6
Costa Rica
CAD 1,835
10.5%
7
Panama
CAD 1,824
11.0%
8
Peru
CAD 1,794
12.5%
9
Argentina
CAD 1,701
17.0%
10
Chile
CAD 1,689
17.6%
11
Uruguay
CAD 1,679
18.1%
12
Show more
Africa
Country
Net pay
Average tax
Rank
South Africa
CAD 2,029
1.0%
1
Zambia
CAD 1,927
6.0%
2
Morocco
CAD 1,912
6.7%
3
Ivory Coast
CAD 1,824
11.0%
4
Kenya
CAD 1,791
12.6%
5
Uganda
CAD 1,769
13.7%
6
Senegal
CAD 1,741
15.1%
7
Cameroon
CAD 1,730
15.6%
8
Mozambique
CAD 1,715
16.3%
9
Ghana
CAD 1,688
17.7%
10
Angola
CAD 1,606
21.7%
11
Nigeria
CAD 1,543
24.8%
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.