Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$24,220
Federal tax deduction
- $3,205
Provincial tax deduction
- $1,397
CPP deduction
- $1,181
EI deduction
- $383
Total tax
- $6,166
Net pay
* $18,054
Marginal tax rate
31.9%
Average tax rate
25.5%
74.5%
Net pay
25.5%
Total tax
Total tax
Net pay
The Taxberg
$18,054
Net pay
$1,717
Tax the employer pays
$6,166
Tax you pay
Total tax paid
$7,883
Did you know your employer also pays tax on your salary? It costs the employer $1,717 to pay you $24,220. 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 25.5% tax rate now rises to 30.4%, meaning your real tax rate is actually 4.9% higher than what it seemed at first.
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Summary
If you make $24,220 a year living in the region of Ontario, Canada, you will be taxed $6,166. That means that your net pay will be $18,054 per year, or $1,504 per month. Your average tax rate is 25.5% 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 18,847
22.2%
1
British Columbia
CAD 18,701
22.8%
2
Nunavut
CAD 18,545
23.4%
3
Northwest Territories
CAD 18,114
25.2%
4
Yukon
CAD 18,083
25.3%
5
Ontario
CAD 18,054
25.5%
6
Newfoundland and Labrador
CAD 17,480
27.8%
7
Nova Scotia
CAD 17,459
27.9%
8
New Brunswick
CAD 17,321
28.5%
9
Prince Edward Island
CAD 17,231
28.9%
10
Alberta
CAD 17,185
29.0%
11
Saskatchewan
CAD 17,072
29.5%
12
Manitoba
CAD 17,004
29.8%
13
Show more
North America
Country 
Net pay
Average tax
Rank
USA
CAD 21,020
13.2%
1
Canada
CAD 18,054
25.5%
2
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.