Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$24,024
Federal tax deduction
- $3,178
Provincial tax deduction
- $1,376
CPP deduction
- $1,170
EI deduction
- $380
Total tax
- $6,104
Net pay
* $17,920
Marginal tax rate
31.9%
Average tax rate
25.4%
74.6%
Net pay
25.4%
Total tax
Total tax
Net pay
The Taxberg
$17,920
Net pay
$1,701
Tax the employer pays
$6,104
Tax you pay
Total tax paid
$7,805
Did you know your employer also pays tax on your salary? It costs the employer $1,701 to pay you $24,024. 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
$24,024 yearly is how much per hour?
$12.32 hourly is how much per year?
What is the average salary in Canada?
Summary
If you make $24,024 a year living in the region of Ontario, Canada, you will be taxed $6,104. That means that your net pay will be $17,920 per year, or $1,493 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
$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
$33,500
$34,000
Tax per region
Region
Net pay
Average tax
Rank
Quebec
CAD 18,718
22.1%
1
British Columbia
CAD 18,560
22.7%
2
Nunavut
CAD 18,397
23.4%
3
Northwest Territories
CAD 17,970
25.2%
4
Yukon
CAD 17,940
25.3%
5
Ontario
CAD 17,920
25.4%
6
Newfoundland and Labrador
CAD 17,341
27.8%
7
Nova Scotia
CAD 17,321
27.9%
8
New Brunswick
CAD 17,184
28.5%
9
Prince Edward Island
CAD 17,094
28.8%
10
Alberta
CAD 17,049
29.0%
11
Saskatchewan
CAD 16,937
29.5%
12
Manitoba
CAD 16,869
29.8%
13
Show more
Europe
Country 
Net pay
Average tax
Rank
Ireland
CAD 23,811
0.9%
1
United Kingdom
CAD 23,521
2.1%
2
Switzerland
CAD 22,242
7.4%
3
Spain
CAD 21,052
12.4%
4
France
CAD 20,984
12.7%
5
Russia
CAD 20,901
13.0%
6
Norway
CAD 20,848
13.2%
7
Luxembourg
CAD 20,484
14.7%
8
Austria
CAD 20,304
15.5%
9
Czech Republic
CAD 19,581
18.5%
10
Hungary
CAD 19,580
18.5%
11
Ukraine
CAD 19,339
19.5%
12
Italy
CAD 19,340
19.5%
13
Germany
CAD 18,949
21.1%
14
Greece
CAD 18,021
25.0%
15
Sweden
CAD 17,897
25.5%
16
Poland
CAD 17,077
28.9%
17
Portugal
CAD 16,307
32.1%
18
Finland
CAD 16,111
32.9%
19
Denmark
CAD 16,079
33.1%
20
Belgium
CAD 15,819
34.2%
21
Netherlands
CAD 15,119
37.1%
22
Romania
CAD 14,054
41.5%
23
Show more
North America
Country 
Net pay
Average tax
Rank
USA
CAD 20,869
13.1%
1
Canada
CAD 17,920
25.4%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 22,806
5.1%
1
Australia
CAD 22,356
6.9%
2
Thailand
CAD 22,019
8.3%
3
Taiwan
CAD 21,890
8.9%
4
South Korea
CAD 20,822
13.3%
5
Pakistan
CAD 20,487
14.7%
6
New Zealand
CAD 20,299
15.5%
7
Indonesia
CAD 20,168
16.1%
8
Malaysia
CAD 20,155
16.1%
9
Japan
CAD 19,373
19.4%
10
Philippines
CAD 19,183
20.2%
11
Singapore
CAD 19,163
20.2%
12
Kazakhstan
CAD 19,095
20.5%
13
Vietnam
CAD 18,252
24.0%
14
China
CAD 16,965
29.4%
15
India
CAD 16,872
29.8%
16
Show more
Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 21,720
9.6%
1
Puerto Rico
CAD 21,688
9.7%
2
Costa Rica
CAD 21,501
10.5%
3
Ecuador
CAD 21,375
11.0%
4
Colombia
CAD 21,073
12.3%
5
Panama
CAD 20,475
14.8%
6
Chile
CAD 19,547
18.6%
7
Mexico
CAD 19,394
19.3%
8
Peru
CAD 18,589
22.6%
9
Uruguay
CAD 18,398
23.4%
10
Brazil
CAD 18,200
24.2%
11
Argentina
CAD 15,606
35.0%
12
Show more
Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 20,280
15.6%
1
Mozambique
CAD 18,066
24.8%
2
Angola
CAD 17,719
26.3%
3
Morocco
CAD 17,615
26.7%
4
Kenya
CAD 17,523
27.1%
5
Ivory Coast
CAD 17,321
27.9%
6
Ghana
CAD 17,281
28.1%
7
Nigeria
CAD 16,514
31.3%
8
Cameroon
CAD 16,344
32.0%
9
Uganda
CAD 16,025
33.3%
10
Senegal
CAD 15,851
34.0%
11
Zambia
CAD 15,182
36.8%
12
Show more
Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 22,823
5.0%
1
Qatar
CAD 22,823
5.0%
2
Bahrain
CAD 22,102
8.0%
3
Oman
CAD 22,102
8.0%
4
Saudi Arabia
CAD 21,622
10.0%
5
Kuwait
CAD 21,381
11.0%
6
Israel
CAD 20,865
13.2%
7
Egypt
CAD 18,403
23.4%
8
Lebanon
CAD 18,282
23.9%
9
Turkey
CAD 13,673
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.