Income Tax Calculator Ontario

Find out how much your salary is after tax

Enter your gross income

Salary rate

Withholding

Salary $20,950

EI deduction - $331

CPP deduction - $995

Federal tax deduction - $2,751

Provincial tax deduction - $1,048

Total tax - $5,124

Net pay * $15,826

Marginal tax rate 31.9%

Average tax rate 24.5%

24.5%Total tax

75.5%

Net pay

The Taxberg

$15,826

Net pay

$1,458

Tax the employer pays

$5,124

Tax you pay

Total tax paid

$6,582

Did you know your employer also pays tax on your salary? It costs the employer $1,458 to pay you $20,950. In other words, every time you spend $10 of your hard-earned money, $3.14 goes to the government.

Real tax rate

29.4%

So, with you and the employer both paying tax, what used to be a 24.5% tax rate now rises to 29.4%, meaning your real tax rate is actually 4.9% higher than what it seemed at first.

Summary

If you make $20,950 a year living in the region of Ontario, Canada, you will be taxed $5,124. That means that your net pay will be $15,826 per year, or $1,319 per month. Your average tax rate is 24.5% 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 $31.9, hence, your net pay will only increase by $68.1.

Bonus Example

A $1,000 bonus will generate an extra $681 of net incomes. A $5,000 bonus will generate an extra $3,405 of net incomes.

Province

AlbertaBritish ColumbiaManitobaNew BrunswickNewfoundland and LabradorNorthwest TerritoriesNova ScotiaNunavutOntarioPrince Edward IslandQuebecSaskatchewanYukon

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

Country	Net pay	Average tax	Rank
Quebec	CAD 16,698	20.3%	1
British Columbia	CAD 16,351	22.0%	2
Nunavut	CAD 16,089	23.2%	3
Alberta	CAD 14,911	28.8%	11
Saskatchewan	CAD 14,813	29.3%	12
Manitoba	CAD 14,754	29.6%	13

NOTE* Withholding is calculated based on the Ontario tables of CA, 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.