Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$24,350
Federal tax deduction
- $3,223
Provincial tax deduction
- $1,411
CPP deduction
- $1,188
EI deduction
- $385
Total tax
- $6,208
Net pay
* $18,142
Marginal tax rate
31.9%
Average tax rate
25.5%
74.5%
Net pay
25.5%
Total tax
Total tax
Net pay
The Taxberg
$18,142
Net pay
$1,727
Tax the employer pays
$6,208
Tax you pay
Total tax paid
$7,935
Did you know your employer also pays tax on your salary? It costs the employer $1,727 to pay you $24,350. 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 $24,350 a year living in the region of Ontario, Canada, you will be taxed $6,208. That means that your net pay will be $18,142 per year, or $1,512 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
Tax per region
Region
Net pay
Average tax
Rank
Quebec
CAD 18,932
22.2%
1
British Columbia
CAD 18,795
22.8%
2
Nunavut
CAD 18,642
23.4%
3
Northwest Territories
CAD 18,210
25.2%
4
Yukon
CAD 18,178
25.3%
5
Ontario
CAD 18,142
25.5%
6
Newfoundland and Labrador
CAD 17,572
27.8%
7
Nova Scotia
CAD 17,551
27.9%
8
New Brunswick
CAD 17,412
28.5%
9
Prince Edward Island
CAD 17,321
28.9%
10
Alberta
CAD 17,276
29.1%
11
Saskatchewan
CAD 17,162
29.5%
12
Manitoba
CAD 17,093
29.8%
13
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Europe
Country 
Net pay
Average tax
Rank
Ireland
CAD 24,130
0.9%
1
United Kingdom
CAD 23,739
2.5%
2
Switzerland
CAD 22,531
7.5%
3
France
CAD 21,246
12.8%
4
Spain
CAD 21,210
12.9%
5
Russia
CAD 21,185
13.0%
6
Norway
CAD 21,107
13.3%
7
Luxembourg
CAD 20,735
14.9%
8
Austria
CAD 20,579
15.5%
9
Hungary
CAD 19,845
18.5%
10
Czech Republic
CAD 19,822
18.6%
11
Ukraine
CAD 19,602
19.5%
12
Italy
CAD 19,525
19.8%
13
Germany
CAD 19,153
21.3%
14
Greece
CAD 18,240
25.1%
15
Sweden
CAD 18,115
25.6%
16
Poland
CAD 17,285
29.0%
17
Portugal
CAD 16,504
32.2%
18
Finland
CAD 16,333
32.9%
19
Denmark
CAD 16,298
33.1%
20
Belgium
CAD 15,992
34.3%
21
Netherlands
CAD 15,324
37.1%
22
Romania
CAD 14,245
41.5%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 21,121
13.3%
1
Canada
CAD 18,142
25.5%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 23,114
5.1%
1
Australia
CAD 22,593
7.2%
2
Thailand
CAD 22,296
8.4%
3
Taiwan
CAD 22,173
8.9%
4
South Korea
CAD 21,076
13.4%
5
Pakistan
CAD 20,731
14.9%
6
New Zealand
CAD 20,564
15.6%
7
Indonesia
CAD 20,424
16.1%
8
Malaysia
CAD 20,404
16.2%
9
Japan
CAD 19,624
19.4%
10
Singapore
CAD 19,417
20.3%
11
Philippines
CAD 19,410
20.3%
12
Kazakhstan
CAD 19,359
20.5%
13
Vietnam
CAD 18,479
24.1%
14
China
CAD 17,193
29.4%
15
India
CAD 17,057
30.0%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 22,015
9.6%
1
Puerto Rico
CAD 21,967
9.8%
2
Costa Rica
CAD 21,793
10.5%
3
Ecuador
CAD 21,640
11.1%
4
Colombia
CAD 21,323
12.4%
5
Panama
CAD 20,721
14.9%
6
Chile
CAD 19,805
18.7%
7
Mexico
CAD 19,634
19.4%
8
Peru
CAD 18,834
22.7%
9
Uruguay
CAD 18,580
23.7%
10
Brazil
CAD 18,436
24.3%
11
Argentina
CAD 15,818
35.0%
12
Show more
Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 20,522
15.7%
1
Mozambique
CAD 18,300
24.8%
2
Angola
CAD 17,956
26.3%
3
Morocco
CAD 17,825
26.8%
4
Kenya
CAD 17,751
27.1%
5
Ivory Coast
CAD 17,536
28.0%
6
Ghana
CAD 17,497
28.1%
7
Nigeria
CAD 16,736
31.3%
8
Cameroon
CAD 16,542
32.1%
9
Uganda
CAD 16,237
33.3%
10
Senegal
CAD 16,055
34.1%
11
Zambia
CAD 15,382
36.8%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 23,132
5.0%
1
Qatar
CAD 23,133
5.0%
2
Bahrain
CAD 22,402
8.0%
3
Oman
CAD 22,402
8.0%
4
Saudi Arabia
CAD 21,915
10.0%
5
Kuwait
CAD 21,671
11.0%
6
Israel
CAD 21,148
13.2%
7
Egypt
CAD 18,647
23.4%
8
Lebanon
CAD 18,526
23.9%
9
Turkey
CAD 13,880
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.