Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$20,960
Federal tax deduction
- $2,752
Provincial tax deduction
- $1,049
CPP deduction
- $995
EI deduction
- $331
Total tax
- $5,127
Net pay
* $15,833
Marginal tax rate
31.9%
Average tax rate
24.5%
75.5%
Net pay
24.5%
Total tax
Total tax
Net pay
The Taxberg
$15,833
Net pay
$1,459
Tax the employer pays
$5,127
Tax you pay
Total tax paid
$6,586
Did you know your employer also pays tax on your salary? It costs the employer $1,459 to pay you $20,960. 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.
People also ask
$20,960 yearly is how much per hour?
$10.75 hourly is how much per year?
What is the average salary in Canada?
Summary
If you make $20,960 a year living in the region of Ontario, Canada, you will be taxed $5,127. That means that your net pay will be $15,833 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 $31.87, 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 16,705
20.3%
1
British Columbia
CAD 16,358
22.0%
2
Nunavut
CAD 16,096
23.2%
3
Ontario
CAD 15,833
24.5%
4
Northwest Territories
CAD 15,723
25.0%
5
Yukon
CAD 15,707
25.1%
6
Newfoundland and Labrador
CAD 15,174
27.6%
7
Nova Scotia
CAD 15,156
27.7%
8
New Brunswick
CAD 15,036
28.3%
9
Prince Edward Island
CAD 14,958
28.6%
10
Alberta
CAD 14,918
28.8%
11
Saskatchewan
CAD 14,820
29.3%
12
Manitoba
CAD 14,761
29.6%
13
Show more
Europe
Country 
Net pay
Average tax
Rank
United Kingdom
CAD 20,960
0.0%
1
Ireland
CAD 20,808
0.7%
2
Spain
CAD 19,544
6.8%
3
Switzerland
CAD 19,489
7.0%
4
France
CAD 18,521
11.6%
5
Norway
CAD 18,412
12.2%
6
Russia
CAD 18,235
13.0%
7
Luxembourg
CAD 18,117
13.6%
8
Austria
CAD 17,807
15.0%
9
Italy
CAD 17,546
16.3%
10
Czech Republic
CAD 17,314
17.4%
11
Hungary
CAD 17,082
18.5%
12
Ukraine
CAD 16,873
19.5%
13
Germany
CAD 16,824
19.7%
14
Greece
CAD 15,969
23.8%
15
Sweden
CAD 15,843
24.4%
16
Poland
CAD 15,120
27.9%
17
Portugal
CAD 14,453
31.0%
18
Finland
CAD 14,273
31.9%
19
Belgium
CAD 14,195
32.3%
20
Denmark
CAD 14,017
33.1%
21
Netherlands
CAD 13,190
37.1%
22
Romania
CAD 12,262
41.5%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 18,493
11.8%
1
Canada
CAD 15,833
24.5%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
CAD 20,041
4.4%
1
Hong Kong
CAD 19,912
5.0%
2
Thailand
CAD 19,370
7.6%
3
Taiwan
CAD 19,106
8.8%
4
South Korea
CAD 18,272
12.8%
5
Pakistan
CAD 18,189
13.2%
6
Malaysia
CAD 17,818
15.0%
7
New Zealand
CAD 17,814
15.0%
8
Indonesia
CAD 17,758
15.3%
9
Philippines
CAD 17,025
18.8%
10
Japan
CAD 16,984
19.0%
11
Singapore
CAD 16,770
20.0%
12
Kazakhstan
CAD 16,628
20.7%
13
Vietnam
CAD 16,098
23.2%
14
India
CAD 15,131
27.8%
15
China
CAD 14,828
29.3%
16
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Latin America
Country 
Net pay
Average tax
Rank
Puerto Rico
CAD 19,073
9.0%
1
Guatemala
CAD 18,950
9.6%
2
Ecuador
CAD 18,820
10.2%
3
Costa Rica
CAD 18,759
10.5%
4
Colombia
CAD 18,721
10.7%
5
Panama
CAD 18,157
13.4%
6
Chile
CAD 17,123
18.3%
7
Mexico
CAD 17,110
18.4%
8
Uruguay
CAD 16,521
21.2%
9
Peru
CAD 16,283
22.3%
10
Brazil
CAD 15,986
23.7%
11
Argentina
CAD 13,614
35.1%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 18,013
14.1%
1
Mozambique
CAD 15,859
24.3%
2
Morocco
CAD 15,639
25.4%
3
Angola
CAD 15,490
26.1%
4
Kenya
CAD 15,378
26.6%
5
Ivory Coast
CAD 15,304
27.0%
6
Ghana
CAD 15,221
27.4%
7
Cameroon
CAD 14,498
30.8%
8
Nigeria
CAD 14,430
31.2%
9
Uganda
CAD 14,034
33.1%
10
Senegal
CAD 13,921
33.6%
11
Zambia
CAD 13,297
36.6%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 19,912
5.0%
1
Qatar
CAD 19,912
5.0%
2
Bahrain
CAD 19,283
8.0%
3
Oman
CAD 19,283
8.0%
4
Saudi Arabia
CAD 18,864
10.0%
5
Kuwait
CAD 18,654
11.0%
6
Israel
CAD 18,204
13.2%
7
Egypt
CAD 16,105
23.2%
8
Lebanon
CAD 15,984
23.7%
9
Turkey
CAD 11,736
44.0%
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.