Income tax calculator Ontario
Find out how much your salary is after tax
Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$20,761
Federal tax deduction
- $2,724
Provincial tax deduction
- $1,028
CPP deduction
- $984
EI deduction
- $328
Total tax
- $5,064
Net pay
*
$15,697
Marginal tax rate
31.9%
Average tax rate
24.4%
75.6%
Net pay
24.4%
Total tax
Total tax
Net pay
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The Taxberg
$15,697
Net pay
$1,443
Tax the employer pays
$5,064
Tax you pay
Total tax paid
$6,507
Did you know your employer also pays tax on your salary? It costs the employer $1,443 to pay you $20,761. In other words, every time you spend $10 of your hard-earned money, $3.13 goes to the government.
Real tax rate
29.3%
So, with you and the employer both paying tax, what used to be a 24.4% tax rate now rises to 29.3%, meaning your real tax rate is actually 4.9% higher than what it seemed at first.
Summary
If you make $20,761 a year living in the region of Ontario, Canada, you will be taxed $5,064. That means that your net pay will be $15,697 per year, or $1,308 per month. Your average tax rate is 24.4% 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.
North America
Country
Net pay
Average tax
Rank
USA
CAD 18,338
11.7%
1
Canada
CAD 15,697
24.4%
2
Africa
Country
Net pay
Average tax
Rank
South Africa
CAD 17,866
14.0%
1
Mozambique
CAD 15,716
24.3%
2
Morocco
CAD 15,510
25.3%
3
Angola
CAD 15,345
26.1%
4
Kenya
CAD 15,238
26.6%
5
Ivory Coast
CAD 15,173
26.9%
6
Ghana
CAD 15,080
27.4%
7
Cameroon
CAD 14,379
30.7%
8
Nigeria
CAD 14,295
31.2%
9
Uganda
CAD 13,904
33.0%
10
Senegal
CAD 13,796
33.6%
11
Zambia
CAD 13,175
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.