Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$24,960
Federal tax deduction
- $3,308
Provincial tax deduction
- $1,476
CPP deduction
- $1,223
EI deduction
- $394
Total tax
- $6,402
Net pay
* $18,558
Marginal tax rate
28.3%
Average tax rate
25.7%
74.3%
Net pay
25.7%
Total tax
Total tax
Net pay
The Taxberg
$18,558
Net pay
$1,775
Tax the employer pays
$6,402
Tax you pay
Total tax paid
$8,178
Did you know your employer also pays tax on your salary? It costs the employer $1,775 to pay you $24,960. In other words, every time you spend $10 of your hard-earned money, $3.28 goes to the government.
Real tax rate
30.6%
So, with you and the employer both paying tax, what used to be a 25.7% tax rate now rises to 30.6%, meaning your real tax rate is actually 4.9% higher than what it seemed at first.
People also ask
$24,960 yearly is how much per hour?
$12.80 hourly is how much per year?
What is the average salary in Canada?
Summary
If you make $24,960 a year living in the region of Ontario, Canada, you will be taxed $6,402. That means that your net pay will be $18,558 per year, or $1,546 per month. Your average tax rate is 25.7% and your marginal tax rate is 28.3%. 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 $28.27, hence, your net pay will only increase by $71.73.
Bonus Example
A $1,000 bonus will generate an extra $717 of net incomes. A $5,000 bonus will generate an extra $3,587 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 19,333
22.5%
1
British Columbia
CAD 19,233
22.9%
2
Nunavut
CAD 19,100
23.5%
3
Northwest Territories
CAD 18,657
25.3%
4
Yukon
CAD 18,623
25.4%
5
Ontario
CAD 18,558
25.7%
6
Newfoundland and Labrador
CAD 18,003
27.9%
7
Nova Scotia
CAD 17,982
28.0%
8
New Brunswick
CAD 17,840
28.5%
9
Prince Edward Island
CAD 17,747
28.9%
10
Alberta
CAD 17,700
29.1%
11
Saskatchewan
CAD 17,583
29.6%
12
Manitoba
CAD 17,513
29.8%
13
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Europe
Country 
Net pay
Average tax
Rank
Ireland
CAD 24,728
0.9%
1
United Kingdom
CAD 24,146
3.3%
2
Switzerland
CAD 23,072
7.6%
3
France
CAD 21,737
12.9%
4
Russia
CAD 21,715
13.0%
5
Norway
CAD 21,591
13.5%
6
Spain
CAD 21,506
13.8%
7
Luxembourg
CAD 21,203
15.1%
8
Austria
CAD 21,093
15.5%
9
Hungary
CAD 20,342
18.5%
10
Czech Republic
CAD 20,274
18.8%
11
Ukraine
CAD 20,093
19.5%
12
Italy
CAD 19,872
20.4%
13
Germany
CAD 19,535
21.7%
14
Greece
CAD 18,648
25.3%
15
Sweden
CAD 18,524
25.8%
16
Poland
CAD 17,674
29.2%
17
Portugal
CAD 16,873
32.4%
18
Finland
CAD 16,748
32.9%
19
Denmark
CAD 16,708
33.1%
20
Belgium
CAD 16,315
34.6%
21
Netherlands
CAD 15,707
37.1%
22
Romania
CAD 14,602
41.5%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 21,592
13.5%
1
Canada
CAD 18,558
25.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 23,690
5.1%
1
Australia
CAD 23,035
7.7%
2
Thailand
CAD 22,815
8.6%
3
Taiwan
CAD 22,704
9.0%
4
South Korea
CAD 21,553
13.7%
5
Pakistan
CAD 21,189
15.1%
6
New Zealand
CAD 21,059
15.6%
7
Indonesia
CAD 20,890
16.3%
8
Malaysia
CAD 20,862
16.4%
9
Japan
CAD 20,093
19.5%
10
Singapore
CAD 19,894
20.3%
11
Kazakhstan
CAD 19,853
20.5%
12
Philippines
CAD 19,835
20.5%
13
Vietnam
CAD 18,902
24.3%
14
China
CAD 17,618
29.4%
15
India
CAD 17,403
30.3%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 22,567
9.6%
1
Puerto Rico
CAD 22,487
9.9%
2
Costa Rica
CAD 22,339
10.5%
3
Ecuador
CAD 22,137
11.3%
4
Colombia
CAD 21,791
12.7%
5
Panama
CAD 21,183
15.1%
6
Chile
CAD 20,287
18.7%
7
Mexico
CAD 20,083
19.5%
8
Peru
CAD 19,293
22.7%
9
Uruguay
CAD 18,920
24.2%
10
Brazil
CAD 18,878
24.4%
11
Argentina
CAD 16,214
35.0%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 20,973
16.0%
1
Mozambique
CAD 18,739
24.9%
2
Angola
CAD 18,400
26.3%
3
Morocco
CAD 18,204
27.1%
4
Kenya
CAD 18,178
27.2%
5
Ivory Coast
CAD 17,937
28.1%
6
Ghana
CAD 17,900
28.3%
7
Nigeria
CAD 17,151
31.3%
8
Cameroon
CAD 16,914
32.2%
9
Uganda
CAD 16,634
33.4%
10
Senegal
CAD 16,434
34.2%
11
Zambia
CAD 15,757
36.9%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 23,712
5.0%
1
Qatar
CAD 23,712
5.0%
2
Bahrain
CAD 22,963
8.0%
3
Oman
CAD 22,963
8.0%
4
Saudi Arabia
CAD 22,464
10.0%
5
Kuwait
CAD 22,214
11.0%
6
Israel
CAD 21,678
13.2%
7
Egypt
CAD 19,105
23.5%
8
Lebanon
CAD 18,984
23.9%
9
Turkey
CAD 14,265
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.