Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$24,230
Federal tax deduction
- $3,207
Provincial tax deduction
- $1,398
CPP deduction
- $1,182
EI deduction
- $383
Total tax
- $6,170
Net pay
* $18,060
Marginal tax rate
31.9%
Average tax rate
25.5%
74.5%
Net pay
25.5%
Total tax
Total tax
Net pay
The Taxberg
$18,060
Net pay
$1,718
Tax the employer pays
$6,170
Tax you pay
Total tax paid
$7,887
Did you know your employer also pays tax on your salary? It costs the employer $1,718 to pay you $24,230. In other words, every time you spend $10 of your hard-earned money, $3.26 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.
People also ask
$24,230 yearly is how much per hour?
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What is the average salary in Canada?
Summary
If you make $24,230 a year living in the region of Ontario, Canada, you will be taxed $6,170. That means that your net pay will be $18,060 per year, or $1,505 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 18,854
22.2%
1
British Columbia
CAD 18,709
22.8%
2
Nunavut
CAD 18,552
23.4%
3
Northwest Territories
CAD 18,122
25.2%
4
Yukon
CAD 18,091
25.3%
5
Ontario
CAD 18,060
25.5%
6
Newfoundland and Labrador
CAD 17,487
27.8%
7
Nova Scotia
CAD 17,466
27.9%
8
New Brunswick
CAD 17,328
28.5%
9
Prince Edward Island
CAD 17,238
28.9%
10
Alberta
CAD 17,192
29.0%
11
Saskatchewan
CAD 17,079
29.5%
12
Manitoba
CAD 17,011
29.8%
13
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Europe
Country 
Net pay
Average tax
Rank
Ireland
CAD 24,012
0.9%
1
United Kingdom
CAD 23,659
2.4%
2
Switzerland
CAD 22,425
7.5%
3
Spain
CAD 21,152
12.7%
4
France
CAD 21,150
12.7%
5
Russia
CAD 21,080
13.0%
6
Norway
CAD 21,012
13.3%
7
Luxembourg
CAD 20,642
14.8%
8
Austria
CAD 20,478
15.5%
9
Hungary
CAD 19,747
18.5%
10
Czech Republic
CAD 19,734
18.6%
11
Ukraine
CAD 19,505
19.5%
12
Italy
CAD 19,457
19.7%
13
Germany
CAD 19,078
21.3%
14
Greece
CAD 18,159
25.1%
15
Sweden
CAD 18,035
25.6%
16
Poland
CAD 17,208
29.0%
17
Portugal
CAD 16,432
32.2%
18
Finland
CAD 16,252
32.9%
19
Denmark
CAD 16,217
33.1%
20
Belgium
CAD 15,928
34.3%
21
Netherlands
CAD 15,248
37.1%
22
Romania
CAD 14,175
41.5%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 21,028
13.2%
1
Canada
CAD 18,060
25.5%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 23,001
5.1%
1
Australia
CAD 22,506
7.1%
2
Thailand
CAD 22,194
8.4%
3
Taiwan
CAD 22,069
8.9%
4
South Korea
CAD 20,983
13.4%
5
Pakistan
CAD 20,641
14.8%
6
New Zealand
CAD 20,467
15.5%
7
Indonesia
CAD 20,330
16.1%
8
Malaysia
CAD 20,312
16.2%
9
Japan
CAD 19,532
19.4%
10
Philippines
CAD 19,327
20.2%
11
Singapore
CAD 19,324
20.3%
12
Kazakhstan
CAD 19,262
20.5%
13
Vietnam
CAD 18,395
24.1%
14
China
CAD 17,109
29.4%
15
India
CAD 16,989
29.9%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 21,907
9.6%
1
Puerto Rico
CAD 21,864
9.8%
2
Costa Rica
CAD 21,686
10.5%
3
Ecuador
CAD 21,542
11.1%
4
Colombia
CAD 21,231
12.4%
5
Panama
CAD 20,630
14.9%
6
Chile
CAD 19,710
18.7%
7
Mexico
CAD 19,545
19.3%
8
Peru
CAD 18,744
22.6%
9
Uruguay
CAD 18,513
23.6%
10
Brazil
CAD 18,349
24.3%
11
Argentina
CAD 15,740
35.0%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 20,433
15.7%
1
Mozambique
CAD 18,214
24.8%
2
Angola
CAD 17,869
26.3%
3
Morocco
CAD 17,748
26.8%
4
Kenya
CAD 17,667
27.1%
5
Ivory Coast
CAD 17,457
28.0%
6
Ghana
CAD 17,418
28.1%
7
Nigeria
CAD 16,654
31.3%
8
Cameroon
CAD 16,469
32.0%
9
Uganda
CAD 16,159
33.3%
10
Senegal
CAD 15,981
34.1%
11
Zambia
CAD 15,308
36.8%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 23,018
5.0%
1
Qatar
CAD 23,018
5.0%
2
Bahrain
CAD 22,292
8.0%
3
Oman
CAD 22,292
8.0%
4
Saudi Arabia
CAD 21,807
10.0%
5
Kuwait
CAD 21,565
11.0%
6
Israel
CAD 21,044
13.2%
7
Egypt
CAD 18,557
23.4%
8
Lebanon
CAD 18,436
23.9%
9
Turkey
CAD 13,804
43.0%
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.