Income tax calculator Ontario
Find out how much your salary is after tax
Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$22,430
Federal tax deduction
- $2,956
Provincial tax deduction
- $1,206
CPP deduction
- $1,079
EI deduction
- $354
Total tax
- $5,596
Net pay
*
$16,834
Marginal tax rate
31.9%
Average tax rate
24.9%
75.1%
Net pay
24.9%
Total tax
Total tax
Net pay
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The Taxberg
$16,834
Net pay
$1,575
Tax the employer pays
$5,596
Tax you pay
Total tax paid
$7,171
Did you know your employer also pays tax on your salary? It costs the employer $1,575 to pay you $22,430. In other words, every time you spend $10 of your hard-earned money, $3.20 goes to the government.
Real tax rate
29.9%
So, with you and the employer both paying tax, what used to be a 24.9% tax rate now rises to 29.9%, meaning your real tax rate is actually 5% higher than what it seemed at first.
Summary
If you make $22,430 a year living in the region of Ontario, Canada, you will be taxed $5,596. That means that your net pay will be $16,834 per year, or $1,403 per month. Your average tax rate is 25.0% 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
North America
Country
Net pay
Average tax
Rank
USA
CAD 19,636
12.5%
1
Canada
CAD 16,834
25.0%
2
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.