Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$24,120
Federal tax deduction
- $3,191
Provincial tax deduction
- $1,387
CPP deduction
- $1,175
EI deduction
- $381
Total tax
- $6,135
Net pay
* $17,985
Marginal tax rate
31.9%
Average tax rate
25.4%
74.6%
Net pay
25.4%
Total tax
Total tax
Net pay
The Taxberg
$17,985
Net pay
$1,709
Tax the employer pays
$6,135
Tax you pay
Total tax paid
$7,843
Did you know your employer also pays tax on your salary? It costs the employer $1,709 to pay you $24,120. In other words, every time you spend $10 of your hard-earned money, $3.25 goes to the government.
Real tax rate
30.4%
So, with you and the employer both paying tax, what used to be a 25.4% tax rate now rises to 30.4%, meaning your real tax rate is actually 5% higher than what it seemed at first.
People also ask
$24,120 yearly is how much per hour?
$12.37 hourly is how much per year?
What is the average salary in Canada?
Summary
If you make $24,120 a year living in the region of Ontario, Canada, you will be taxed $6,135. That means that your net pay will be $17,985 per year, or $1,499 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 18,781
22.1%
1
British Columbia
CAD 18,629
22.8%
2
Nunavut
CAD 18,470
23.4%
3
Northwest Territories
CAD 18,041
25.2%
4
Yukon
CAD 18,010
25.3%
5
Ontario
CAD 17,985
25.4%
6
Newfoundland and Labrador
CAD 17,409
27.8%
7
Nova Scotia
CAD 17,389
27.9%
8
New Brunswick
CAD 17,251
28.5%
9
Prince Edward Island
CAD 17,161
28.9%
10
Alberta
CAD 17,116
29.0%
11
Saskatchewan
CAD 17,003
29.5%
12
Manitoba
CAD 16,935
29.8%
13
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Europe
Country 
Net pay
Average tax
Rank
Ireland
CAD 23,905
0.9%
1
United Kingdom
CAD 23,585
2.2%
2
Switzerland
CAD 22,327
7.4%
3
Spain
CAD 21,098
12.5%
4
France
CAD 21,061
12.7%
5
Russia
CAD 20,984
13.0%
6
Norway
CAD 20,924
13.3%
7
Luxembourg
CAD 20,558
14.8%
8
Austria
CAD 20,385
15.5%
9
Hungary
CAD 19,658
18.5%
10
Czech Republic
CAD 19,652
18.5%
11
Ukraine
CAD 19,417
19.5%
12
Italy
CAD 19,394
19.6%
13
Germany
CAD 19,009
21.2%
14
Greece
CAD 18,086
25.0%
15
Sweden
CAD 17,961
25.5%
16
Poland
CAD 17,138
29.0%
17
Portugal
CAD 16,365
32.2%
18
Finland
CAD 16,177
32.9%
19
Denmark
CAD 16,143
33.1%
20
Belgium
CAD 15,870
34.2%
21
Netherlands
CAD 15,179
37.1%
22
Romania
CAD 14,110
41.5%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 20,943
13.2%
1
Canada
CAD 17,985
25.4%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 22,897
5.1%
1
Australia
CAD 22,426
7.0%
2
Thailand
CAD 22,101
8.4%
3
Taiwan
CAD 21,974
8.9%
4
South Korea
CAD 20,897
13.4%
5
Pakistan
CAD 20,559
14.8%
6
New Zealand
CAD 20,377
15.5%
7
Indonesia
CAD 20,243
16.1%
8
Malaysia
CAD 20,228
16.1%
9
Japan
CAD 19,447
19.4%
10
Philippines
CAD 19,250
20.2%
11
Singapore
CAD 19,238
20.2%
12
Kazakhstan
CAD 19,172
20.5%
13
Vietnam
CAD 18,319
24.1%
14
China
CAD 17,032
29.4%
15
India
CAD 16,926
29.8%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 21,807
9.6%
1
Puerto Rico
CAD 21,770
9.7%
2
Costa Rica
CAD 21,587
10.5%
3
Ecuador
CAD 21,453
11.1%
4
Colombia
CAD 21,146
12.3%
5
Panama
CAD 20,547
14.8%
6
Chile
CAD 19,623
18.7%
7
Mexico
CAD 19,464
19.3%
8
Peru
CAD 18,661
22.6%
9
Uruguay
CAD 18,452
23.5%
10
Brazil
CAD 18,269
24.3%
11
Argentina
CAD 15,668
35.0%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 20,351
15.6%
1
Mozambique
CAD 18,135
24.8%
2
Angola
CAD 17,789
26.3%
3
Morocco
CAD 17,677
26.7%
4
Kenya
CAD 17,590
27.1%
5
Ivory Coast
CAD 17,384
27.9%
6
Ghana
CAD 17,345
28.1%
7
Nigeria
CAD 16,580
31.3%
8
Cameroon
CAD 16,402
32.0%
9
Uganda
CAD 16,088
33.3%
10
Senegal
CAD 15,912
34.0%
11
Zambia
CAD 15,241
36.8%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 22,914
5.0%
1
Qatar
CAD 22,914
5.0%
2
Bahrain
CAD 22,190
8.0%
3
Oman
CAD 22,190
8.0%
4
Saudi Arabia
CAD 21,708
10.0%
5
Kuwait
CAD 21,467
11.0%
6
Israel
CAD 20,948
13.2%
7
Egypt
CAD 18,475
23.4%
8
Lebanon
CAD 18,354
23.9%
9
Turkey
CAD 13,734
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.