Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$31,032
Federal tax deduction
- $4,153
Provincial tax deduction
- $1,763
CPP deduction
- $1,569
EI deduction
- $490
Total tax
- $7,976
Net pay
* $23,056
Marginal tax rate
25.9%
Average tax rate
25.7%
74.3%
Net pay
25.7%
Total tax
Total tax
Net pay
The Taxberg
$23,056
Net pay
$2,256
Tax the employer pays
$7,976
Tax you pay
Total tax paid
$10,231
Did you know your employer also pays tax on your salary? It costs the employer $2,256 to pay you $31,032. In other words, every time you spend $10 of your hard-earned money, $3.30 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
$31,032 yearly is how much per hour?
$15.91 hourly is how much per year?
What is the average salary in Canada?
Summary
If you make $31,032 a year living in the region of Ontario, Canada, you will be taxed $7,976. That means that your net pay will be $23,056 per year, or $1,921 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.
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
$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
$39,500
$40,000
$40,500
$41,000
Tax per region
Region
Net pay
Average tax
Rank
Nunavut
CAD 23,661
23.8%
1
British Columbia
CAD 23,518
24.2%
2
Quebec
CAD 23,317
24.9%
3
Northwest Territories
CAD 23,110
25.5%
4
Ontario
CAD 23,056
25.7%
5
Yukon
CAD 23,048
25.7%
6
Newfoundland and Labrador
CAD 22,299
28.1%
7
Nova Scotia
CAD 22,184
28.5%
8
New Brunswick
CAD 22,096
28.8%
9
Prince Edward Island
CAD 21,955
29.2%
10
Alberta
CAD 21,922
29.4%
11
Saskatchewan
CAD 21,777
29.8%
12
Manitoba
CAD 21,688
30.1%
13
Show more
Europe
Country 
Net pay
Average tax
Rank
Ireland
CAD 28,662
7.6%
1
Switzerland
CAD 28,433
8.4%
2
United Kingdom
CAD 28,199
9.1%
3
Russia
CAD 26,998
13.0%
4
France
CAD 26,619
14.2%
5
Norway
CAD 26,274
15.3%
6
Luxembourg
CAD 25,729
17.1%
7
Austria
CAD 25,590
17.5%
8
Hungary
CAD 25,291
18.5%
9
Spain
CAD 25,267
18.6%
10
Ukraine
CAD 24,981
19.5%
11
Czech Republic
CAD 24,767
20.2%
12
Italy
CAD 23,325
24.8%
13
Germany
CAD 23,081
25.6%
14
Greece
CAD 22,692
26.9%
15
Sweden
CAD 22,592
27.2%
16
Poland
CAD 21,552
30.6%
17
Denmark
CAD 20,793
33.0%
18
Finland
CAD 20,717
33.2%
19
Portugal
CAD 20,464
34.1%
20
Netherlands
CAD 19,528
37.1%
21
Belgium
CAD 19,381
37.6%
22
Romania
CAD 18,154
41.5%
23
Show more
North America
Country 
Net pay
Average tax
Rank
USA
CAD 26,220
15.5%
1
Canada
CAD 23,056
25.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 29,365
5.4%
1
Taiwan
CAD 27,968
9.9%
2
Thailand
CAD 27,903
10.1%
3
Australia
CAD 27,674
10.8%
4
South Korea
CAD 26,301
15.3%
5
New Zealand
CAD 25,984
16.3%
6
Pakistan
CAD 25,656
17.3%
7
Indonesia
CAD 25,307
18.5%
8
Malaysia
CAD 25,066
19.2%
9
Kazakhstan
CAD 24,771
20.2%
10
Japan
CAD 24,761
20.2%
11
Singapore
CAD 24,623
20.7%
12
Philippines
CAD 23,963
22.8%
13
Vietnam
CAD 22,978
26.0%
14
China
CAD 21,853
29.6%
15
India
CAD 20,852
32.8%
16
Show more
Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 28,056
9.6%
1
Costa Rica
CAD 27,738
10.6%
2
Puerto Rico
CAD 27,670
10.8%
3
Ecuador
CAD 27,008
13.0%
4
Colombia
CAD 26,355
15.1%
5
Panama
CAD 25,776
16.9%
6
Chile
CAD 25,090
19.2%
7
Mexico
CAD 24,559
20.9%
8
Peru
CAD 23,863
23.1%
9
Brazil
CAD 23,281
25.0%
10
Uruguay
CAD 22,731
26.8%
11
Argentina
CAD 20,161
35.0%
12
Show more
Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 25,278
18.5%
1
Mozambique
CAD 23,111
25.5%
2
Angola
CAD 22,817
26.5%
3
Kenya
CAD 22,428
27.7%
4
Morocco
CAD 21,953
29.3%
5
Ivory Coast
CAD 21,934
29.3%
6
Ghana
CAD 21,917
29.4%
7
Nigeria
CAD 21,281
31.4%
8
Cameroon
CAD 20,611
33.6%
9
Uganda
CAD 20,580
33.7%
10
Senegal
CAD 20,185
35.0%
11
Zambia
CAD 19,491
37.2%
12
Show more
Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 29,480
5.0%
1
Qatar
CAD 29,480
5.0%
2
Bahrain
CAD 28,549
8.0%
3
Oman
CAD 28,549
8.0%
4
Saudi Arabia
CAD 27,929
10.0%
5
Kuwait
CAD 27,618
11.0%
6
Israel
CAD 26,678
14.0%
7
Egypt
CAD 23,659
23.8%
8
Lebanon
CAD 23,538
24.2%
9
Turkey
CAD 18,105
41.7%
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.