Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$29,198
Federal tax deduction
- $3,898
Provincial tax deduction
- $1,677
CPP deduction
- $1,465
EI deduction
- $461
Total tax
- $7,501
Net pay
* $21,697
Marginal tax rate
25.9%
Average tax rate
25.7%
74.3%
Net pay
25.7%
Total tax
Total tax
Net pay
The Taxberg
$21,697
Net pay
$2,111
Tax the employer pays
$7,501
Tax you pay
Total tax paid
$9,612
Did you know your employer also pays tax on your salary? It costs the employer $2,111 to pay you $29,198. In other words, every time you spend $10 of your hard-earned money, $3.29 goes to the government.
Real tax rate
30.7%
So, with you and the employer both paying tax, what used to be a 25.7% tax rate now rises to 30.7%, meaning your real tax rate is actually 5% higher than what it seemed at first.
People also ask
$29,198 yearly is how much per hour?
$14.97 hourly is how much per year?
What is the average salary in Canada?
Summary
If you make $29,198 a year living in the region of Ontario, Canada, you will be taxed $7,501. That means that your net pay will be $21,697 per year, or $1,808 per month. Your average tax rate is 25.7% and your marginal tax rate is 25.9%. 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 $25.87, hence, your net pay will only increase by $74.13.
Bonus Example
A $1,000 bonus will generate an extra $741 of net incomes. A $5,000 bonus will generate an extra $3,707 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
$29,500
$30,000
$30,500
$31,000
$31,500
$32,000
$32,500
$33,000
$33,500
$34,000
$34,500
$35,000
$35,500
$36,000
$36,500
$37,000
$37,500
$38,000
$38,500
$39,000
Europe
Country 
Net pay
Average tax
Rank
Ireland
CAD 27,502
5.8%
1
United Kingdom
CAD 26,975
7.6%
2
Switzerland
CAD 26,833
8.1%
3
Russia
CAD 25,402
13.0%
4
France
CAD 25,144
13.9%
5
Norway
CAD 24,915
14.7%
6
Luxembourg
CAD 24,402
16.4%
7
Austria
CAD 24,313
16.7%
8
Spain
CAD 23,981
17.9%
9
Hungary
CAD 23,796
18.5%
10
Ukraine
CAD 23,504
19.5%
11
Czech Republic
CAD 23,410
19.8%
12
Italy
CAD 22,282
23.7%
13
Germany
CAD 22,043
24.5%
14
Greece
CAD 21,487
26.4%
15
Sweden
CAD 21,363
26.8%
16
Poland
CAD 20,380
30.2%
17
Finland
CAD 19,577
33.0%
18
Denmark
CAD 19,560
33.0%
19
Portugal
CAD 19,437
33.4%
20
Belgium
CAD 18,561
36.4%
21
Netherlands
CAD 18,374
37.1%
22
Romania
CAD 17,081
41.5%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 24,836
14.9%
1
Canada
CAD 21,697
25.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 27,657
5.3%
1
Thailand
CAD 26,390
9.6%
2
Taiwan
CAD 26,383
9.6%
3
Australia
CAD 26,225
10.2%
4
South Korea
CAD 24,867
14.8%
5
New Zealand
CAD 24,496
16.1%
6
Pakistan
CAD 24,339
16.6%
7
Indonesia
CAD 23,973
17.9%
8
Malaysia
CAD 23,805
18.5%
9
Japan
CAD 23,351
20.0%
10
Kazakhstan
CAD 23,286
20.3%
11
Singapore
CAD 23,195
20.6%
12
Philippines
CAD 22,726
22.2%
13
Vietnam
CAD 21,747
25.5%
14
China
CAD 20,574
29.5%
15
India
CAD 19,810
32.2%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 26,398
9.6%
1
Costa Rica
CAD 26,115
10.6%
2
Puerto Rico
CAD 26,104
10.6%
3
Ecuador
CAD 25,558
12.5%
4
Colombia
CAD 25,008
14.4%
5
Panama
CAD 24,389
16.5%
6
Chile
CAD 23,639
19.0%
7
Mexico
CAD 23,207
20.5%
8
Peru
CAD 22,482
23.0%
9
Brazil
CAD 21,951
24.8%
10
Uruguay
CAD 21,486
26.4%
11
Argentina
CAD 18,969
35.0%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 24,003
17.8%
1
Mozambique
CAD 21,791
25.4%
2
Angola
CAD 21,483
26.4%
3
Kenya
CAD 21,144
27.6%
4
Morocco
CAD 20,841
28.6%
5
Ivory Coast
CAD 20,727
29.0%
6
Ghana
CAD 20,704
29.1%
7
Nigeria
CAD 20,034
31.4%
8
Cameroon
CAD 19,494
33.2%
9
Uganda
CAD 19,388
33.6%
10
Senegal
CAD 19,066
34.7%
11
Zambia
CAD 18,364
37.1%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 27,738
5.0%
1
Qatar
CAD 27,738
5.0%
2
Bahrain
CAD 26,862
8.0%
3
Oman
CAD 26,862
8.0%
4
Saudi Arabia
CAD 26,278
10.0%
5
Kuwait
CAD 25,986
11.0%
6
Israel
CAD 25,267
13.5%
7
Egypt
CAD 22,283
23.7%
8
Lebanon
CAD 22,162
24.1%
9
Turkey
CAD 16,945
42.0%
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.