Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$20,500
Federal tax deduction
- $2,688
Provincial tax deduction
- $1,000
CPP deduction
- $969
EI deduction
- $324
Total tax
- $4,981
Net pay
* $15,519
Marginal tax rate
31.9%
Average tax rate
24.3%
75.7%
Net pay
24.3%
Total tax
Total tax
Net pay
The Taxberg
$15,519
Net pay
$1,422
Tax the employer pays
$4,981
Tax you pay
Total tax paid
$6,403
Did you know your employer also pays tax on your salary? It costs the employer $1,422 to pay you $20,500. 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 $20,500 a year living in the region of Ontario, Canada, you will be taxed $4,981. That means that your net pay will be $15,519 per year, or $1,293 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 16,402
20.0%
1
British Columbia
CAD 16,027
21.8%
2
Nunavut
CAD 15,751
23.2%
3
Ontario
CAD 15,519
24.3%
4
Northwest Territories
CAD 15,386
24.9%
5
Yukon
CAD 15,372
25.0%
6
Newfoundland and Labrador
CAD 14,848
27.6%
7
Nova Scotia
CAD 14,831
27.7%
8
New Brunswick
CAD 14,714
28.2%
9
Prince Edward Island
CAD 14,637
28.6%
10
Alberta
CAD 14,598
28.8%
11
Saskatchewan
CAD 14,502
29.3%
12
Manitoba
CAD 14,445
29.5%
13
Show more
North America
Country 
Net pay
Average tax
Rank
USA
CAD 18,135
11.5%
1
Canada
CAD 15,519
24.3%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
CAD 19,685
4.0%
1
Hong Kong
CAD 19,475
5.0%
2
Thailand
CAD 18,971
7.5%
3
Taiwan
CAD 18,687
8.9%
4
South Korea
CAD 17,884
12.8%
5
Pakistan
CAD 17,844
13.0%
6
Malaysia
CAD 17,467
14.8%
7
New Zealand
CAD 17,441
14.9%
8
Indonesia
CAD 17,396
15.1%
9
Philippines
CAD 16,693
18.6%
10
Japan
CAD 16,620
18.9%
11
Singapore
CAD 16,406
20.0%
12
Kazakhstan
CAD 16,259
20.7%
13
Vietnam
CAD 15,768
23.1%
14
India
CAD 14,870
27.5%
15
China
CAD 14,507
29.2%
16
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Latin America
Country 
Net pay
Average tax
Rank
Puerto Rico
CAD 18,681
8.9%
1
Guatemala
CAD 18,534
9.6%
2
Ecuador
CAD 18,424
10.1%
3
Colombia
CAD 18,368
10.4%
4
Costa Rica
CAD 18,347
10.5%
5
Panama
CAD 17,809
13.1%
6
Mexico
CAD 16,761
18.2%
7
Chile
CAD 16,759
18.3%
8
Uruguay
CAD 16,190
21.0%
9
Peru
CAD 15,937
22.3%
10
Brazil
CAD 15,676
23.5%
11
Argentina
CAD 13,315
35.1%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 19,475
5.0%
1
Qatar
CAD 19,475
5.0%
2
Bahrain
CAD 18,860
8.0%
3
Oman
CAD 18,860
8.0%
4
Saudi Arabia
CAD 18,450
10.0%
5
Kuwait
CAD 18,245
11.0%
6
Israel
CAD 17,804
13.2%
7
Egypt
CAD 15,760
23.1%
8
Lebanon
CAD 15,639
23.7%
9
Turkey
CAD 11,445
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.