Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$29,433
Federal tax deduction
- $3,930
Provincial tax deduction
- $1,688
CPP deduction
- $1,478
EI deduction
- $465
Total tax
- $7,562
Net pay
* $21,871
Marginal tax rate
25.9%
Average tax rate
25.7%
74.3%
Net pay
25.7%
Total tax
Total tax
Net pay
The Taxberg
$21,871
Net pay
$2,129
Tax the employer pays
$7,562
Tax you pay
Total tax paid
$9,691
Did you know your employer also pays tax on your salary? It costs the employer $2,129 to pay you $29,433. 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
$29,433 yearly is how much per hour?
$15.09 hourly is how much per year?
What is the average salary in Canada?
Summary
If you make $29,433 a year living in the region of Ontario, Canada, you will be taxed $7,562. That means that your net pay will be $21,871 per year, or $1,823 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 $25.88, hence, your net pay will only increase by $74.12.
Bonus Example
A $1,000 bonus will generate an extra $741 of net incomes. A $5,000 bonus will generate an extra $3,706 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
Tax per region
Region
Net pay
Average tax
Rank
Nunavut
CAD 22,460
23.7%
1
British Columbia
CAD 22,390
23.9%
2
Quebec
CAD 22,268
24.3%
3
Northwest Territories
CAD 21,937
25.5%
4
Ontario
CAD 21,871
25.7%
5
Yukon
CAD 21,882
25.7%
6
Newfoundland and Labrador
CAD 21,168
28.1%
7
Nova Scotia
CAD 21,121
28.2%
8
New Brunswick
CAD 20,975
28.7%
9
Prince Edward Island
CAD 20,865
29.1%
10
Alberta
CAD 20,810
29.3%
11
Saskatchewan
CAD 20,673
29.8%
12
Manitoba
CAD 20,590
30.0%
13
Show more
Europe
Country 
Net pay
Average tax
Rank
Ireland
CAD 27,637
6.1%
1
United Kingdom
CAD 27,132
7.8%
2
Switzerland
CAD 27,039
8.1%
3
Russia
CAD 25,607
13.0%
4
France
CAD 25,333
13.9%
5
Norway
CAD 25,099
14.7%
6
Luxembourg
CAD 24,577
16.5%
7
Austria
CAD 24,477
16.8%
8
Spain
CAD 24,149
18.0%
9
Hungary
CAD 23,988
18.5%
10
Ukraine
CAD 23,694
19.5%
11
Czech Republic
CAD 23,584
19.9%
12
Italy
CAD 22,416
23.8%
13
Germany
CAD 22,176
24.7%
14
Greece
CAD 21,645
26.5%
15
Sweden
CAD 21,521
26.9%
16
Poland
CAD 20,530
30.3%
17
Finland
CAD 19,723
33.0%
18
Denmark
CAD 19,718
33.0%
19
Portugal
CAD 19,579
33.5%
20
Belgium
CAD 18,686
36.5%
21
Netherlands
CAD 18,522
37.1%
22
Romania
CAD 17,218
41.5%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 25,014
15.0%
1
Canada
CAD 21,871
25.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 27,876
5.3%
1
Taiwan
CAD 26,586
9.7%
2
Thailand
CAD 26,584
9.7%
3
Australia
CAD 26,411
10.3%
4
South Korea
CAD 25,051
14.9%
5
New Zealand
CAD 24,687
16.1%
6
Pakistan
CAD 24,507
16.7%
7
Indonesia
CAD 24,144
18.0%
8
Malaysia
CAD 23,969
18.6%
9
Japan
CAD 23,532
20.1%
10
Kazakhstan
CAD 23,476
20.2%
11
Singapore
CAD 23,378
20.6%
12
Philippines
CAD 22,884
22.3%
13
Vietnam
CAD 21,905
25.6%
14
China
CAD 20,738
29.5%
15
India
CAD 19,944
32.2%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 26,611
9.6%
1
Costa Rica
CAD 26,323
10.6%
2
Puerto Rico
CAD 26,305
10.6%
3
Ecuador
CAD 25,744
12.5%
4
Colombia
CAD 25,180
14.5%
5
Panama
CAD 24,566
16.5%
6
Chile
CAD 23,825
19.1%
7
Mexico
CAD 23,380
20.6%
8
Peru
CAD 22,659
23.0%
9
Brazil
CAD 22,121
24.8%
10
Uruguay
CAD 21,645
26.5%
11
Argentina
CAD 19,122
35.0%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 24,166
17.9%
1
Mozambique
CAD 21,960
25.4%
2
Angola
CAD 21,654
26.4%
3
Kenya
CAD 21,309
27.6%
4
Morocco
CAD 20,984
28.7%
5
Ivory Coast
CAD 20,882
29.1%
6
Ghana
CAD 20,859
29.1%
7
Nigeria
CAD 20,193
31.4%
8
Cameroon
CAD 19,637
33.3%
9
Uganda
CAD 19,541
33.6%
10
Senegal
CAD 19,209
34.7%
11
Zambia
CAD 18,508
37.1%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 27,961
5.0%
1
Qatar
CAD 27,961
5.0%
2
Bahrain
CAD 27,078
8.0%
3
Oman
CAD 27,078
8.0%
4
Saudi Arabia
CAD 26,490
10.0%
5
Kuwait
CAD 26,195
11.0%
6
Israel
CAD 25,448
13.5%
7
Egypt
CAD 22,460
23.7%
8
Lebanon
CAD 22,338
24.1%
9
Turkey
CAD 17,094
41.9%
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.