Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$23,400
Federal tax deduction
- $3,091
Provincial tax deduction
- $1,310
CPP deduction
- $1,134
EI deduction
- $370
Total tax
- $5,905
Net pay
* $17,495
Marginal tax rate
31.9%
Average tax rate
25.2%
74.8%
Net pay
25.2%
Total tax
Total tax
Net pay
The Taxberg
$17,495
Net pay
$1,652
Tax the employer pays
$5,905
Tax you pay
Total tax paid
$7,557
Did you know your employer also pays tax on your salary? It costs the employer $1,652 to pay you $23,400. In other words, every time you spend $10 of your hard-earned money, $3.23 goes to the government.
Real tax rate
30.2%
So, with you and the employer both paying tax, what used to be a 25.2% tax rate now rises to 30.2%, meaning your real tax rate is actually 5% higher than what it seemed at first.
People also ask
$23,400 yearly is how much per hour?
$12 hourly is how much per year?
What is the average salary in Canada?
Summary
If you make $23,400 a year living in the region of Ontario, Canada, you will be taxed $5,905. That means that your net pay will be $17,495 per year, or $1,458 per month. Your average tax rate is 25.2% 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
$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
$30,500
$31,000
$31,500
$32,000
$32,500
$33,000
Tax per region
Region
Net pay
Average tax
Rank
Quebec
CAD 18,308
21.8%
1
British Columbia
CAD 18,112
22.6%
2
Nunavut
CAD 17,929
23.4%
3
Northwest Territories
CAD 17,513
25.2%
4
Ontario
CAD 17,495
25.2%
5
Yukon
CAD 17,486
25.3%
6
Newfoundland and Labrador
CAD 16,900
27.8%
7
Nova Scotia
CAD 16,880
27.9%
8
New Brunswick
CAD 16,746
28.4%
9
Prince Edward Island
CAD 16,659
28.8%
10
Alberta
CAD 16,615
29.0%
11
Saskatchewan
CAD 16,506
29.5%
12
Manitoba
CAD 16,440
29.7%
13
Show more
Europe
Country 
Net pay
Average tax
Rank
Ireland
CAD 23,199
0.9%
1
United Kingdom
CAD 23,105
1.3%
2
Switzerland
CAD 21,688
7.3%
3
Spain
CAD 20,746
11.3%
4
France
CAD 20,483
12.5%
5
Russia
CAD 20,358
13.0%
6
Norway
CAD 20,353
13.0%
7
Luxembourg
CAD 20,005
14.5%
8
Austria
CAD 19,778
15.5%
9
Czech Republic
CAD 19,119
18.3%
10
Hungary
CAD 19,071
18.5%
11
Italy
CAD 18,985
18.9%
12
Ukraine
CAD 18,837
19.5%
13
Germany
CAD 18,545
20.8%
14
Greece
CAD 17,603
24.8%
15
Sweden
CAD 17,479
25.3%
16
Poland
CAD 16,678
28.7%
17
Portugal
CAD 15,929
31.9%
18
Finland
CAD 15,746
32.7%
19
Denmark
CAD 15,659
33.1%
20
Belgium
CAD 15,488
33.8%
21
Netherlands
CAD 14,726
37.1%
22
Romania
CAD 13,689
41.5%
23
Show more
North America
Country 
Net pay
Average tax
Rank
USA
CAD 20,386
12.9%
1
Canada
CAD 17,495
25.2%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 22,217
5.1%
1
Australia
CAD 21,904
6.4%
2
Thailand
CAD 21,488
8.2%
3
Taiwan
CAD 21,332
8.8%
4
South Korea
CAD 20,327
13.1%
5
Pakistan
CAD 20,019
14.5%
6
New Zealand
CAD 19,793
15.4%
7
Malaysia
CAD 19,679
15.9%
8
Indonesia
CAD 19,677
15.9%
9
Japan
CAD 18,893
19.3%
10
Philippines
CAD 18,749
19.9%
11
Singapore
CAD 18,675
20.2%
12
Kazakhstan
CAD 18,589
20.6%
13
Vietnam
CAD 17,818
23.9%
14
China
CAD 16,530
29.4%
15
India
CAD 16,517
29.4%
16
Show more
Latin America
Country 
Net pay
Average tax
Rank
Puerto Rico
CAD 21,156
9.6%
1
Guatemala
CAD 21,156
9.6%
2
Costa Rica
CAD 20,943
10.5%
3
Ecuador
CAD 20,866
10.8%
4
Colombia
CAD 20,594
12.0%
5
Panama
CAD 20,003
14.5%
6
Chile
CAD 19,053
18.6%
7
Mexico
CAD 18,934
19.1%
8
Peru
CAD 18,119
22.6%
9
Uruguay
CAD 18,051
22.9%
10
Brazil
CAD 17,747
24.2%
11
Argentina
CAD 15,200
35.0%
12
Show more
Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 19,819
15.3%
1
Mozambique
CAD 17,616
24.7%
2
Angola
CAD 17,265
26.2%
3
Morocco
CAD 17,213
26.4%
4
Kenya
CAD 17,086
27.0%
5
Ivory Coast
CAD 16,911
27.7%
6
Ghana
CAD 16,869
27.9%
7
Nigeria
CAD 16,090
31.2%
8
Cameroon
CAD 15,967
31.8%
9
Uganda
CAD 15,620
33.3%
10
Senegal
CAD 15,458
33.9%
11
Zambia
CAD 14,798
36.8%
12
Show more
Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 22,230
5.0%
1
Qatar
CAD 22,230
5.0%
2
Bahrain
CAD 21,528
8.0%
3
Oman
CAD 21,528
8.0%
4
Saudi Arabia
CAD 21,060
10.0%
5
Kuwait
CAD 20,826
11.0%
6
Israel
CAD 20,323
13.2%
7
Egypt
CAD 17,935
23.4%
8
Lebanon
CAD 17,814
23.9%
9
Turkey
CAD 13,279
43.3%
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.