Income tax calculator Ontario
Find out how much your salary is after tax
Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$24,309
Federal tax deduction
- $3,218
Provincial tax deduction
- $1,407
CPP deduction
- $1,186
EI deduction
- $384
Total tax
- $6,195
Net pay
*
$18,114
Marginal tax rate
31.9%
Average tax rate
25.5%
74.5%
Net pay
25.5%
Total tax
Total tax
Net pay
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The Taxberg
$18,114
Net pay
$1,724
Tax the employer pays
$6,195
Tax you pay
Total tax paid
$7,919
Did you know your employer also pays tax on your salary? It costs the employer $1,724 to pay you $24,309. 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.
Summary
If you make $24,309 a year living in the region of Ontario, Canada, you will be taxed $6,195. That means that your net pay will be $18,114 per year, or $1,510 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.
Tax per region
Region
Net pay
Average tax
Rank
Quebec
CAD 18,905
22.2%
1
British Columbia
CAD 18,765
22.8%
2
Nunavut
CAD 18,611
23.4%
3
Northwest Territories
CAD 18,179
25.2%
4
Yukon
CAD 18,148
25.3%
5
Ontario
CAD 18,114
25.5%
6
Newfoundland and Labrador
CAD 17,543
27.8%
7
Nova Scotia
CAD 17,522
27.9%
8
New Brunswick
CAD 17,384
28.5%
9
Prince Edward Island
CAD 17,293
28.9%
10
Alberta
CAD 17,247
29.1%
11
Saskatchewan
CAD 17,133
29.5%
12
Manitoba
CAD 17,065
29.8%
13
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North America
Country
Net pay
Average tax
Rank
USA
CAD 21,089
13.3%
1
Canada
CAD 18,114
25.5%
2
Asia / Pacific
Country
Net pay
Average tax
Rank
Hong Kong
CAD 23,076
5.1%
1
Australia
CAD 22,563
7.2%
2
Thailand
CAD 22,261
8.4%
3
Taiwan
CAD 22,138
8.9%
4
South Korea
CAD 21,044
13.4%
5
Pakistan
CAD 20,701
14.8%
6
New Zealand
CAD 20,531
15.5%
7
Indonesia
CAD 20,392
16.1%
8
Malaysia
CAD 20,373
16.2%
9
Japan
CAD 19,592
19.4%
10
Singapore
CAD 19,385
20.3%
11
Philippines
CAD 19,382
20.3%
12
Kazakhstan
CAD 19,326
20.5%
13
Vietnam
CAD 18,450
24.1%
14
China
CAD 17,164
29.4%
15
India
CAD 17,033
29.9%
16
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Latin America
Country
Net pay
Average tax
Rank
Guatemala
CAD 21,978
9.6%
1
Puerto Rico
CAD 21,932
9.8%
2
Costa Rica
CAD 21,757
10.5%
3
Ecuador
CAD 21,607
11.1%
4
Colombia
CAD 21,291
12.4%
5
Panama
CAD 20,690
14.9%
6
Chile
CAD 19,772
18.7%
7
Mexico
CAD 19,604
19.4%
8
Peru
CAD 18,803
22.7%
9
Uruguay
CAD 18,557
23.7%
10
Brazil
CAD 18,406
24.3%
11
Argentina
CAD 15,791
35.0%
12
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Africa
Country
Net pay
Average tax
Rank
South Africa
CAD 20,491
15.7%
1
Mozambique
CAD 18,271
24.8%
2
Angola
CAD 17,926
26.3%
3
Morocco
CAD 17,799
26.8%
4
Kenya
CAD 17,722
27.1%
5
Ivory Coast
CAD 17,509
28.0%
6
Ghana
CAD 17,470
28.1%
7
Nigeria
CAD 16,708
31.3%
8
Cameroon
CAD 16,517
32.1%
9
Uganda
CAD 16,210
33.3%
10
Senegal
CAD 16,030
34.1%
11
Zambia
CAD 15,357
36.8%
12
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Middle East
Country
Net pay
Average tax
Rank
United Arab Emirates
CAD 23,094
5.0%
1
Qatar
CAD 23,094
5.0%
2
Bahrain
CAD 22,364
8.0%
3
Oman
CAD 22,364
8.0%
4
Saudi Arabia
CAD 21,878
10.0%
5
Kuwait
CAD 21,635
11.0%
6
Israel
CAD 21,112
13.2%
7
Egypt
CAD 18,617
23.4%
8
Lebanon
CAD 18,495
23.9%
9
Turkey
CAD 13,854
43.0%
10
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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.