Income tax calculator Ontario
Find out how much your salary is after tax
Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$23,504
Federal tax deduction
- $3,106
Provincial tax deduction
- $1,321
CPP deduction
- $1,140
EI deduction
- $371
Total tax
- $5,938
Net pay
*
$17,566
Marginal tax rate
31.9%
Average tax rate
25.3%
74.7%
Net pay
25.3%
Total tax
Total tax
Net pay
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The Taxberg
$17,566
Net pay
$1,660
Tax the employer pays
$5,938
Tax you pay
Total tax paid
$7,598
Did you know your employer also pays tax on your salary? It costs the employer $1,660 to pay you $23,504. 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 25.3% tax rate now rises to 30.2%, meaning your real tax rate is actually 4.9% higher than what it seemed at first.
Summary
If you make $23,504 a year living in the region of Ontario, Canada, you will be taxed $5,938. That means that your net pay will be $17,566 per year, or $1,464 per month. Your average tax rate is 25.3% 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
Tax per region
Region
Net pay
Average tax
Rank
Quebec
CAD 18,376
21.8%
1
British Columbia
CAD 18,187
22.6%
2
Nunavut
CAD 18,007
23.4%
3
Northwest Territories
CAD 17,589
25.2%
4
Ontario
CAD 17,566
25.3%
5
Yukon
CAD 17,561
25.3%
6
Newfoundland and Labrador
CAD 16,973
27.8%
7
Nova Scotia
CAD 16,953
27.9%
8
New Brunswick
CAD 16,819
28.4%
9
Prince Edward Island
CAD 16,731
28.8%
10
Alberta
CAD 16,687
29.0%
11
Saskatchewan
CAD 16,577
29.5%
12
Manitoba
CAD 16,511
29.8%
13
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Europe
Country
Net pay
Average tax
Rank
Ireland
CAD 23,301
0.9%
1
United Kingdom
CAD 23,174
1.4%
2
Switzerland
CAD 21,781
7.3%
3
Spain
CAD 20,798
11.5%
4
France
CAD 20,566
12.5%
5
Russia
CAD 20,448
13.0%
6
Norway
CAD 20,435
13.1%
7
Luxembourg
CAD 20,085
14.6%
8
Austria
CAD 19,866
15.5%
9
Czech Republic
CAD 19,196
18.3%
10
Hungary
CAD 19,156
18.5%
11
Italy
CAD 19,044
19.0%
12
Ukraine
CAD 18,921
19.5%
13
Germany
CAD 18,614
20.8%
14
Greece
CAD 17,673
24.8%
15
Sweden
CAD 17,548
25.3%
16
Poland
CAD 16,745
28.8%
17
Portugal
CAD 15,992
32.0%
18
Finland
CAD 15,798
32.8%
19
Denmark
CAD 15,729
33.1%
20
Belgium
CAD 15,544
33.9%
21
Netherlands
CAD 14,791
37.1%
22
Romania
CAD 13,750
41.5%
23
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North America
Country
Net pay
Average tax
Rank
USA
CAD 20,466
12.9%
1
Canada
CAD 17,566
25.3%
2
Asia / Pacific
Country
Net pay
Average tax
Rank
Hong Kong
CAD 22,315
5.1%
1
Australia
CAD 21,979
6.5%
2
Thailand
CAD 21,577
8.2%
3
Taiwan
CAD 21,427
8.8%
4
South Korea
CAD 20,415
13.1%
5
Pakistan
CAD 20,097
14.5%
6
New Zealand
CAD 19,878
15.4%
7
Indonesia
CAD 19,759
15.9%
8
Malaysia
CAD 19,759
15.9%
9
Japan
CAD 18,973
19.3%
10
Philippines
CAD 18,821
19.9%
11
Singapore
CAD 18,757
20.2%
12
Kazakhstan
CAD 18,674
20.6%
13
Vietnam
CAD 17,890
23.9%
14
China
CAD 16,602
29.4%
15
India
CAD 16,576
29.5%
16
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Latin America
Country
Net pay
Average tax
Rank
Guatemala
CAD 21,250
9.6%
1
Puerto Rico
CAD 21,245
9.6%
2
Costa Rica
CAD 21,036
10.5%
3
Ecuador
CAD 20,951
10.9%
4
Colombia
CAD 20,673
12.0%
5
Panama
CAD 20,081
14.6%
6
Chile
CAD 19,135
18.6%
7
Mexico
CAD 19,010
19.1%
8
Peru
CAD 18,198
22.6%
9
Uruguay
CAD 18,109
23.0%
10
Brazil
CAD 17,823
24.2%
11
Argentina
CAD 15,268
35.0%
12
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Africa
Country
Net pay
Average tax
Rank
South Africa
CAD 19,895
15.4%
1
Mozambique
CAD 17,691
24.7%
2
Angola
CAD 17,341
26.2%
3
Morocco
CAD 17,280
26.5%
4
Kenya
CAD 17,159
27.0%
5
Ivory Coast
CAD 16,979
27.8%
6
Ghana
CAD 16,937
27.9%
7
Nigeria
CAD 16,161
31.2%
8
Cameroon
CAD 16,030
31.8%
9
Uganda
CAD 15,687
33.3%
10
Senegal
CAD 15,524
34.0%
11
Zambia
CAD 14,862
36.8%
12
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Middle East
Country
Net pay
Average tax
Rank
United Arab Emirates
CAD 22,329
5.0%
1
Qatar
CAD 22,329
5.0%
2
Bahrain
CAD 21,624
8.0%
3
Oman
CAD 21,624
8.0%
4
Saudi Arabia
CAD 21,154
10.0%
5
Kuwait
CAD 20,919
11.0%
6
Israel
CAD 20,413
13.2%
7
Egypt
CAD 18,013
23.4%
8
Lebanon
CAD 17,892
23.9%
9
Turkey
CAD 13,345
43.2%
10
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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.