Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$24,742
Federal tax deduction
- $3,278
Provincial tax deduction
- $1,453
CPP deduction
- $1,211
EI deduction
- $391
Total tax
- $6,333
Net pay
* $18,409
Marginal tax rate
31.9%
Average tax rate
25.6%
74.4%
Net pay
25.6%
Total tax
Total tax
Net pay
The Taxberg
$18,409
Net pay
$1,758
Tax the employer pays
$6,333
Tax you pay
Total tax paid
$8,091
Did you know your employer also pays tax on your salary? It costs the employer $1,758 to pay you $24,742. 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
$24,742 yearly is how much per hour?
$12.69 hourly is how much per year?
What is the average salary in Canada?
Summary
If you make $24,742 a year living in the region of Ontario, Canada, you will be taxed $6,333. That means that your net pay will be $18,409 per year, or $1,534 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 19,190
22.4%
1
British Columbia
CAD 19,077
22.9%
2
Nunavut
CAD 18,937
23.5%
3
Northwest Territories
CAD 18,497
25.2%
4
Yukon
CAD 18,464
25.4%
5
Ontario
CAD 18,409
25.6%
6
Newfoundland and Labrador
CAD 17,849
27.9%
7
Nova Scotia
CAD 17,828
27.9%
8
New Brunswick
CAD 17,687
28.5%
9
Prince Edward Island
CAD 17,595
28.9%
10
Alberta
CAD 17,548
29.1%
11
Saskatchewan
CAD 17,433
29.5%
12
Manitoba
CAD 17,363
29.8%
13
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Europe
Country 
Net pay
Average tax
Rank
Ireland
CAD 24,514
0.9%
1
United Kingdom
CAD 24,001
3.0%
2
Switzerland
CAD 22,878
7.5%
3
France
CAD 21,561
12.9%
4
Russia
CAD 21,526
13.0%
5
Norway
CAD 21,418
13.4%
6
Spain
CAD 21,401
13.5%
7
Luxembourg
CAD 21,035
15.0%
8
Austria
CAD 20,909
15.5%
9
Hungary
CAD 20,165
18.5%
10
Czech Republic
CAD 20,112
18.7%
11
Ukraine
CAD 19,917
19.5%
12
Italy
CAD 19,748
20.2%
13
Germany
CAD 19,399
21.6%
14
Greece
CAD 18,502
25.2%
15
Sweden
CAD 18,378
25.7%
16
Poland
CAD 17,535
29.1%
17
Portugal
CAD 16,741
32.3%
18
Finland
CAD 16,600
32.9%
19
Denmark
CAD 16,562
33.1%
20
Belgium
CAD 16,200
34.5%
21
Netherlands
CAD 15,570
37.1%
22
Romania
CAD 14,474
41.5%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 21,424
13.4%
1
Canada
CAD 18,409
25.6%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 23,484
5.1%
1
Australia
CAD 22,877
7.5%
2
Thailand
CAD 22,629
8.5%
3
Taiwan
CAD 22,514
9.0%
4
South Korea
CAD 21,383
13.6%
5
Pakistan
CAD 21,025
15.0%
6
New Zealand
CAD 20,882
15.6%
7
Indonesia
CAD 20,731
16.2%
8
Malaysia
CAD 20,703
16.3%
9
Japan
CAD 19,925
19.5%
10
Singapore
CAD 19,723
20.3%
11
Philippines
CAD 19,683
20.5%
12
Kazakhstan
CAD 19,676
20.5%
13
Vietnam
CAD 18,752
24.2%
14
China
CAD 17,466
29.4%
15
India
CAD 17,279
30.2%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 22,370
9.6%
1
Puerto Rico
CAD 22,301
9.9%
2
Costa Rica
CAD 22,144
10.5%
3
Ecuador
CAD 21,960
11.3%
4
Colombia
CAD 21,624
12.6%
5
Panama
CAD 21,018
15.1%
6
Chile
CAD 20,115
18.7%
7
Mexico
CAD 19,923
19.5%
8
Peru
CAD 19,129
22.7%
9
Uruguay
CAD 18,798
24.0%
10
Brazil
CAD 18,720
24.3%
11
Argentina
CAD 16,073
35.0%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 20,812
15.9%
1
Mozambique
CAD 18,582
24.9%
2
Angola
CAD 18,241
26.3%
3
Morocco
CAD 18,069
27.0%
4
Kenya
CAD 18,025
27.2%
5
Ivory Coast
CAD 17,794
28.1%
6
Ghana
CAD 17,756
28.2%
7
Nigeria
CAD 17,003
31.3%
8
Cameroon
CAD 16,781
32.2%
9
Uganda
CAD 16,492
33.3%
10
Senegal
CAD 16,299
34.1%
11
Zambia
CAD 15,623
36.9%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 23,505
5.0%
1
Qatar
CAD 23,505
5.0%
2
Bahrain
CAD 22,763
8.0%
3
Oman
CAD 22,763
8.0%
4
Saudi Arabia
CAD 22,268
10.0%
5
Kuwait
CAD 22,020
11.0%
6
Israel
CAD 21,488
13.2%
7
Egypt
CAD 18,941
23.4%
8
Lebanon
CAD 18,820
23.9%
9
Turkey
CAD 14,127
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.