Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$24,377
Federal tax deduction
- $3,227
Provincial tax deduction
- $1,414
CPP deduction
- $1,190
EI deduction
- $385
Total tax
- $6,216
Net pay
* $18,161
Marginal tax rate
31.9%
Average tax rate
25.5%
74.5%
Net pay
25.5%
Total tax
Total tax
Net pay
The Taxberg
$18,161
Net pay
$1,729
Tax the employer pays
$6,216
Tax you pay
Total tax paid
$7,946
Did you know your employer also pays tax on your salary? It costs the employer $1,729 to pay you $24,377. 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
$24,377 yearly is how much per hour?
$12.50 hourly is how much per year?
What is the average salary in Canada?
Summary
If you make $24,377 a year living in the region of Ontario, Canada, you will be taxed $6,216. That means that your net pay will be $18,161 per year, or $1,513 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
Europe
Country 
Net pay
Average tax
Rank
Ireland
CAD 24,156
0.9%
1
United Kingdom
CAD 23,757
2.5%
2
Switzerland
CAD 22,555
7.5%
3
France
CAD 21,268
12.8%
4
Spain
CAD 21,223
12.9%
5
Russia
CAD 21,208
13.0%
6
Norway
CAD 21,128
13.3%
7
Luxembourg
CAD 20,755
14.9%
8
Austria
CAD 20,602
15.5%
9
Hungary
CAD 19,867
18.5%
10
Czech Republic
CAD 19,842
18.6%
11
Ukraine
CAD 19,623
19.5%
12
Italy
CAD 19,541
19.8%
13
Germany
CAD 19,170
21.4%
14
Greece
CAD 18,258
25.1%
15
Sweden
CAD 18,133
25.6%
16
Poland
CAD 17,302
29.0%
17
Portugal
CAD 16,521
32.2%
18
Finland
CAD 16,352
32.9%
19
Denmark
CAD 16,316
33.1%
20
Belgium
CAD 16,006
34.3%
21
Netherlands
CAD 15,341
37.1%
22
Romania
CAD 14,261
41.5%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 21,142
13.3%
1
Canada
CAD 18,161
25.5%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 23,140
5.1%
1
Australia
CAD 22,612
7.2%
2
Thailand
CAD 22,319
8.4%
3
Taiwan
CAD 22,197
8.9%
4
South Korea
CAD 21,098
13.5%
5
Pakistan
CAD 20,752
14.9%
6
New Zealand
CAD 20,586
15.6%
7
Indonesia
CAD 20,446
16.1%
8
Malaysia
CAD 20,424
16.2%
9
Japan
CAD 19,645
19.4%
10
Singapore
CAD 19,438
20.3%
11
Philippines
CAD 19,429
20.3%
12
Kazakhstan
CAD 19,381
20.5%
13
Vietnam
CAD 18,498
24.1%
14
China
CAD 17,211
29.4%
15
India
CAD 17,072
30.0%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 22,040
9.6%
1
Puerto Rico
CAD 21,990
9.8%
2
Costa Rica
CAD 21,817
10.5%
3
Ecuador
CAD 21,662
11.1%
4
Colombia
CAD 21,343
12.4%
5
Panama
CAD 20,742
14.9%
6
Chile
CAD 19,826
18.7%
7
Mexico
CAD 19,654
19.4%
8
Peru
CAD 18,855
22.7%
9
Uruguay
CAD 18,595
23.7%
10
Brazil
CAD 18,456
24.3%
11
Argentina
CAD 15,835
35.0%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 20,542
15.7%
1
Mozambique
CAD 18,320
24.9%
2
Angola
CAD 17,976
26.3%
3
Morocco
CAD 17,842
26.8%
4
Kenya
CAD 17,770
27.1%
5
Ivory Coast
CAD 17,554
28.0%
6
Ghana
CAD 17,515
28.2%
7
Nigeria
CAD 16,754
31.3%
8
Cameroon
CAD 16,559
32.1%
9
Uganda
CAD 16,255
33.3%
10
Senegal
CAD 16,072
34.1%
11
Zambia
CAD 15,399
36.8%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 23,158
5.0%
1
Qatar
CAD 23,158
5.0%
2
Bahrain
CAD 22,427
8.0%
3
Oman
CAD 22,427
8.0%
4
Saudi Arabia
CAD 21,939
10.0%
5
Kuwait
CAD 21,696
11.0%
6
Israel
CAD 21,171
13.2%
7
Egypt
CAD 18,668
23.4%
8
Lebanon
CAD 18,546
23.9%
9
Turkey
CAD 13,897
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.