Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$24,700
Federal tax deduction
- $3,272
Provincial tax deduction
- $1,449
CPP deduction
- $1,208
EI deduction
- $390
Total tax
- $6,319
Net pay
* $18,381
Marginal tax rate
31.9%
Average tax rate
25.6%
74.4%
Net pay
25.6%
Total tax
Total tax
Net pay
The Taxberg
$18,381
Net pay
$1,755
Tax the employer pays
$6,319
Tax you pay
Total tax paid
$8,074
Did you know your employer also pays tax on your salary? It costs the employer $1,755 to pay you $24,700. In other words, every time you spend $10 of your hard-earned money, $3.27 goes to the government.
Real tax rate
30.5%
So, with you and the employer both paying tax, what used to be a 25.6% tax rate now rises to 30.5%, meaning your real tax rate is actually 4.9% higher than what it seemed at first.
People also ask
$24,700 yearly is how much per hour?
$12.67 hourly is how much per year?
What is the average salary in Canada?
Summary
If you make $24,700 a year living in the region of Ontario, Canada, you will be taxed $6,319. That means that your net pay will be $18,381 per year, or $1,532 per month. Your average tax rate is 25.6% 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 19,162
22.4%
1
British Columbia
CAD 19,046
22.9%
2
Nunavut
CAD 18,905
23.5%
3
Northwest Territories
CAD 18,466
25.2%
4
Yukon
CAD 18,433
25.4%
5
Ontario
CAD 18,381
25.6%
6
Newfoundland and Labrador
CAD 17,819
27.9%
7
Nova Scotia
CAD 17,799
27.9%
8
New Brunswick
CAD 17,658
28.5%
9
Prince Edward Island
CAD 17,565
28.9%
10
Alberta
CAD 17,519
29.1%
11
Saskatchewan
CAD 17,404
29.5%
12
Manitoba
CAD 17,334
29.8%
13
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Europe
Country 
Net pay
Average tax
Rank
Ireland
CAD 24,473
0.9%
1
United Kingdom
CAD 23,973
2.9%
2
Switzerland
CAD 22,841
7.5%
3
France
CAD 21,528
12.8%
4
Russia
CAD 21,489
13.0%
5
Norway
CAD 21,385
13.4%
6
Spain
CAD 21,380
13.4%
7
Luxembourg
CAD 21,003
15.0%
8
Austria
CAD 20,874
15.5%
9
Hungary
CAD 20,130
18.5%
10
Czech Republic
CAD 20,081
18.7%
11
Ukraine
CAD 19,884
19.5%
12
Italy
CAD 19,724
20.1%
13
Germany
CAD 19,372
21.6%
14
Greece
CAD 18,474
25.2%
15
Sweden
CAD 18,350
25.7%
16
Poland
CAD 17,508
29.1%
17
Portugal
CAD 16,716
32.3%
18
Finland
CAD 16,571
32.9%
19
Denmark
CAD 16,533
33.1%
20
Belgium
CAD 16,177
34.5%
21
Netherlands
CAD 15,544
37.1%
22
Romania
CAD 14,449
41.5%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 21,391
13.4%
1
Canada
CAD 18,381
25.6%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 23,445
5.1%
1
Australia
CAD 22,847
7.5%
2
Thailand
CAD 22,594
8.5%
3
Taiwan
CAD 22,478
9.0%
4
South Korea
CAD 21,350
13.6%
5
Pakistan
CAD 20,994
15.0%
6
New Zealand
CAD 20,848
15.6%
7
Indonesia
CAD 20,700
16.2%
8
Malaysia
CAD 20,671
16.3%
9
Japan
CAD 19,893
19.5%
10
Singapore
CAD 19,691
20.3%
11
Philippines
CAD 19,654
20.4%
12
Kazakhstan
CAD 19,642
20.5%
13
Vietnam
CAD 18,723
24.2%
14
China
CAD 17,437
29.4%
15
India
CAD 17,256
30.1%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 22,332
9.6%
1
Puerto Rico
CAD 22,265
9.9%
2
Costa Rica
CAD 22,106
10.5%
3
Ecuador
CAD 21,926
11.2%
4
Colombia
CAD 21,591
12.6%
5
Panama
CAD 20,986
15.0%
6
Chile
CAD 20,081
18.7%
7
Mexico
CAD 19,892
19.5%
8
Peru
CAD 19,098
22.7%
9
Uruguay
CAD 18,775
24.0%
10
Brazil
CAD 18,690
24.3%
11
Argentina
CAD 16,045
35.0%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 20,781
15.9%
1
Mozambique
CAD 18,552
24.9%
2
Angola
CAD 18,211
26.3%
3
Morocco
CAD 18,042
27.0%
4
Kenya
CAD 17,996
27.1%
5
Ivory Coast
CAD 17,766
28.1%
6
Ghana
CAD 17,728
28.2%
7
Nigeria
CAD 16,974
31.3%
8
Cameroon
CAD 16,755
32.2%
9
Uganda
CAD 16,465
33.3%
10
Senegal
CAD 16,273
34.1%
11
Zambia
CAD 15,597
36.9%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 23,465
5.0%
1
Qatar
CAD 23,465
5.0%
2
Bahrain
CAD 22,724
8.0%
3
Oman
CAD 22,724
8.0%
4
Saudi Arabia
CAD 22,230
10.0%
5
Kuwait
CAD 21,983
11.0%
6
Israel
CAD 21,452
13.2%
7
Egypt
CAD 18,910
23.4%
8
Lebanon
CAD 18,789
23.9%
9
Turkey
CAD 14,101
42.9%
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.