Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$23,973
Federal tax deduction
- $3,171
Provincial tax deduction
- $1,371
CPP deduction
- $1,167
EI deduction
- $379
Total tax
- $6,088
Net pay
* $17,885
Marginal tax rate
31.9%
Average tax rate
25.4%
74.6%
Net pay
25.4%
Total tax
Total tax
Net pay
The Taxberg
$17,885
Net pay
$1,697
Tax the employer pays
$6,088
Tax you pay
Total tax paid
$7,785
Did you know your employer also pays tax on your salary? It costs the employer $1,697 to pay you $23,973. In other words, every time you spend $10 of your hard-earned money, $3.25 goes to the government.
Real tax rate
30.3%
So, with you and the employer both paying tax, what used to be a 25.4% tax rate now rises to 30.3%, meaning your real tax rate is actually 4.9% higher than what it seemed at first.
People also ask
$23,973 yearly is how much per hour?
$12.29 hourly is how much per year?
What is the average salary in Canada?
Summary
If you make $23,973 a year living in the region of Ontario, Canada, you will be taxed $6,088. That means that your net pay will be $17,885 per year, or $1,490 per month. Your average tax rate is 25.4% 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 18,685
22.1%
1
British Columbia
CAD 18,524
22.7%
2
Nunavut
CAD 18,359
23.4%
3
Northwest Territories
CAD 17,933
25.2%
4
Yukon
CAD 17,903
25.3%
5
Ontario
CAD 17,885
25.4%
6
Newfoundland and Labrador
CAD 17,305
27.8%
7
Nova Scotia
CAD 17,285
27.9%
8
New Brunswick
CAD 17,148
28.5%
9
Prince Edward Island
CAD 17,058
28.8%
10
Alberta
CAD 17,014
29.0%
11
Saskatchewan
CAD 16,901
29.5%
12
Manitoba
CAD 16,834
29.8%
13
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Europe
Country 
Net pay
Average tax
Rank
Ireland
CAD 23,761
0.9%
1
United Kingdom
CAD 23,487
2.0%
2
Switzerland
CAD 22,197
7.4%
3
Spain
CAD 21,027
12.3%
4
France
CAD 20,943
12.6%
5
Russia
CAD 20,857
13.0%
6
Norway
CAD 20,808
13.2%
7
Luxembourg
CAD 20,445
14.7%
8
Austria
CAD 20,261
15.5%
9
Czech Republic
CAD 19,543
18.5%
10
Hungary
CAD 19,538
18.5%
11
Italy
CAD 19,311
19.5%
12
Ukraine
CAD 19,298
19.5%
13
Germany
CAD 18,917
21.1%
14
Greece
CAD 17,987
25.0%
15
Sweden
CAD 17,863
25.5%
16
Poland
CAD 17,044
28.9%
17
Portugal
CAD 16,276
32.1%
18
Finland
CAD 16,077
32.9%
19
Denmark
CAD 16,044
33.1%
20
Belgium
CAD 15,792
34.1%
21
Netherlands
CAD 15,086
37.1%
22
Romania
CAD 14,024
41.5%
23
Show more
North America
Country 
Net pay
Average tax
Rank
USA
CAD 20,829
13.1%
1
Canada
CAD 17,885
25.4%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 22,758
5.1%
1
Australia
CAD 22,319
6.9%
2
Thailand
CAD 21,976
8.3%
3
Taiwan
CAD 21,846
8.9%
4
South Korea
CAD 20,782
13.3%
5
Pakistan
CAD 20,449
14.7%
6
New Zealand
CAD 20,258
15.5%
7
Indonesia
CAD 20,128
16.0%
8
Malaysia
CAD 20,116
16.1%
9
Japan
CAD 19,334
19.4%
10
Philippines
CAD 19,148
20.1%
11
Singapore
CAD 19,123
20.2%
12
Kazakhstan
CAD 19,053
20.5%
13
Vietnam
CAD 18,217
24.0%
14
China
CAD 16,930
29.4%
15
India
CAD 16,843
29.7%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 21,674
9.6%
1
Puerto Rico
CAD 21,645
9.7%
2
Costa Rica
CAD 21,456
10.5%
3
Ecuador
CAD 21,333
11.0%
4
Colombia
CAD 21,033
12.3%
5
Panama
CAD 20,436
14.8%
6
Chile
CAD 19,506
18.6%
7
Mexico
CAD 19,356
19.3%
8
Peru
CAD 18,551
22.6%
9
Uruguay
CAD 18,370
23.4%
10
Brazil
CAD 18,163
24.2%
11
Argentina
CAD 15,573
35.0%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 20,243
15.6%
1
Mozambique
CAD 18,029
24.8%
2
Angola
CAD 17,682
26.2%
3
Morocco
CAD 17,582
26.7%
4
Kenya
CAD 17,487
27.1%
5
Ivory Coast
CAD 17,288
27.9%
6
Ghana
CAD 17,248
28.1%
7
Nigeria
CAD 16,480
31.3%
8
Cameroon
CAD 16,313
32.0%
9
Uganda
CAD 15,992
33.3%
10
Senegal
CAD 15,819
34.0%
11
Zambia
CAD 15,150
36.8%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 22,774
5.0%
1
Qatar
CAD 22,774
5.0%
2
Bahrain
CAD 22,055
8.0%
3
Oman
CAD 22,055
8.0%
4
Saudi Arabia
CAD 21,576
10.0%
5
Kuwait
CAD 21,336
11.0%
6
Israel
CAD 20,821
13.2%
7
Egypt
CAD 18,365
23.4%
8
Lebanon
CAD 18,243
23.9%
9
Turkey
CAD 13,641
43.1%
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.