Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$20,995
Federal tax deduction
- $2,757
Provincial tax deduction
- $1,053
CPP deduction
- $997
EI deduction
- $332
Total tax
- $5,139
Net pay
* $15,856
Marginal tax rate
31.9%
Average tax rate
24.5%
75.5%
Net pay
24.5%
Total tax
Total tax
Net pay
The Taxberg
$15,856
Net pay
$1,462
Tax the employer pays
$5,139
Tax you pay
Total tax paid
$6,600
Did you know your employer also pays tax on your salary? It costs the employer $1,462 to pay you $20,995. 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
$20,995 yearly is how much per hour?
$10.77 hourly is how much per year?
What is the average salary in Canada?
Summary
If you make $20,995 a year living in the region of Ontario, Canada, you will be taxed $5,139. That means that your net pay will be $15,856 per year, or $1,321 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 16,728
20.3%
1
British Columbia
CAD 16,383
22.0%
2
Nunavut
CAD 16,123
23.2%
3
Ontario
CAD 15,856
24.5%
4
Northwest Territories
CAD 15,749
25.0%
5
Yukon
CAD 15,733
25.1%
6
Newfoundland and Labrador
CAD 15,198
27.6%
7
Nova Scotia
CAD 15,181
27.7%
8
New Brunswick
CAD 15,061
28.3%
9
Prince Edward Island
CAD 14,982
28.6%
10
Alberta
CAD 14,943
28.8%
11
Saskatchewan
CAD 14,844
29.3%
12
Manitoba
CAD 14,785
29.6%
13
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Europe
Country 
Net pay
Average tax
Rank
United Kingdom
CAD 20,995
0.0%
1
Ireland
CAD 20,842
0.7%
2
Spain
CAD 19,562
6.8%
3
Switzerland
CAD 19,521
7.0%
4
France
CAD 18,549
11.7%
5
Norway
CAD 18,440
12.2%
6
Russia
CAD 18,266
13.0%
7
Luxembourg
CAD 18,144
13.6%
8
Austria
CAD 17,834
15.1%
9
Italy
CAD 17,567
16.3%
10
Czech Republic
CAD 17,340
17.4%
11
Hungary
CAD 17,111
18.5%
12
Ukraine
CAD 16,901
19.5%
13
Germany
CAD 16,850
19.7%
14
Greece
CAD 15,992
23.8%
15
Sweden
CAD 15,867
24.4%
16
Poland
CAD 15,142
27.9%
17
Portugal
CAD 14,474
31.1%
18
Finland
CAD 14,297
31.9%
19
Belgium
CAD 14,214
32.3%
20
Denmark
CAD 14,041
33.1%
21
Netherlands
CAD 13,212
37.1%
22
Romania
CAD 12,282
41.5%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 18,520
11.8%
1
Canada
CAD 15,856
24.5%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
CAD 20,068
4.4%
1
Hong Kong
CAD 19,945
5.0%
2
Thailand
CAD 19,401
7.6%
3
Taiwan
CAD 19,138
8.8%
4
South Korea
CAD 18,301
12.8%
5
Pakistan
CAD 18,215
13.2%
6
Malaysia
CAD 17,845
15.0%
7
New Zealand
CAD 17,843
15.0%
8
Indonesia
CAD 17,785
15.3%
9
Philippines
CAD 17,050
18.8%
10
Japan
CAD 17,012
19.0%
11
Singapore
CAD 16,798
20.0%
12
Kazakhstan
CAD 16,656
20.7%
13
Vietnam
CAD 16,123
23.2%
14
India
CAD 15,151
27.8%
15
China
CAD 14,852
29.3%
16
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Latin America
Country 
Net pay
Average tax
Rank
Puerto Rico
CAD 19,103
9.0%
1
Guatemala
CAD 18,982
9.6%
2
Ecuador
CAD 18,850
10.2%
3
Costa Rica
CAD 18,791
10.5%
4
Colombia
CAD 18,748
10.7%
5
Panama
CAD 18,183
13.4%
6
Chile
CAD 17,151
18.3%
7
Mexico
CAD 17,137
18.4%
8
Uruguay
CAD 16,546
21.2%
9
Peru
CAD 16,310
22.3%
10
Brazil
CAD 16,009
23.8%
11
Argentina
CAD 13,637
35.1%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 18,039
14.1%
1
Mozambique
CAD 15,885
24.3%
2
Morocco
CAD 15,661
25.4%
3
Angola
CAD 15,515
26.1%
4
Kenya
CAD 15,402
26.6%
5
Ivory Coast
CAD 15,328
27.0%
6
Ghana
CAD 15,246
27.4%
7
Cameroon
CAD 14,519
30.8%
8
Nigeria
CAD 14,454
31.2%
9
Uganda
CAD 14,056
33.1%
10
Senegal
CAD 13,943
33.6%
11
Zambia
CAD 13,319
36.6%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 19,945
5.0%
1
Qatar
CAD 19,945
5.0%
2
Bahrain
CAD 19,315
8.0%
3
Oman
CAD 19,315
8.0%
4
Saudi Arabia
CAD 18,895
10.0%
5
Kuwait
CAD 18,686
11.0%
6
Israel
CAD 18,234
13.2%
7
Egypt
CAD 16,131
23.2%
8
Lebanon
CAD 16,010
23.7%
9
Turkey
CAD 11,758
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.