Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$31,340
Federal tax deduction
- $4,196
Provincial tax deduction
- $1,778
CPP deduction
- $1,587
EI deduction
- $495
Total tax
- $8,055
Net pay
* $23,285
Marginal tax rate
25.9%
Average tax rate
25.7%
74.3%
Net pay
25.7%
Total tax
Total tax
Net pay
The Taxberg
$23,285
Net pay
$2,280
Tax the employer pays
$8,055
Tax you pay
Total tax paid
$10,335
Did you know your employer also pays tax on your salary? It costs the employer $2,280 to pay you $31,340. 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
$31,340 yearly is how much per hour?
$16.07 hourly is how much per year?
What is the average salary in Canada?
Summary
If you make $31,340 a year living in the region of Ontario, Canada, you will be taxed $8,055. That means that your net pay will be $23,285 per year, or $1,940 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
$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 23,892
23.8%
1
British Columbia
CAD 23,736
24.3%
2
Quebec
CAD 23,519
25.0%
3
Northwest Territories
CAD 23,336
25.5%
4
Ontario
CAD 23,285
25.7%
5
Yukon
CAD 23,272
25.7%
6
Newfoundland and Labrador
CAD 22,517
28.2%
7
Nova Scotia
CAD 22,383
28.6%
8
New Brunswick
CAD 22,312
28.8%
9
Prince Edward Island
CAD 22,163
29.3%
10
Alberta
CAD 22,137
29.4%
11
Saskatchewan
CAD 21,990
29.8%
12
Manitoba
CAD 21,899
30.1%
13
Show more
Europe
Country 
Net pay
Average tax
Rank
Ireland
CAD 28,864
7.9%
1
Switzerland
CAD 28,701
8.4%
2
United Kingdom
CAD 28,405
9.4%
3
Russia
CAD 27,266
13.0%
4
France
CAD 26,866
14.3%
5
Norway
CAD 26,483
15.5%
6
Luxembourg
CAD 25,950
17.2%
7
Austria
CAD 25,804
17.7%
8
Hungary
CAD 25,542
18.5%
9
Spain
CAD 25,481
18.7%
10
Ukraine
CAD 25,229
19.5%
11
Czech Republic
CAD 24,995
20.3%
12
Italy
CAD 23,500
25.0%
13
Germany
CAD 23,255
25.8%
14
Greece
CAD 22,893
27.0%
15
Sweden
CAD 22,799
27.3%
16
Poland
CAD 21,748
30.6%
17
Denmark
CAD 21,001
33.0%
18
Finland
CAD 20,908
33.3%
19
Portugal
CAD 20,632
34.2%
20
Netherlands
CAD 19,722
37.1%
21
Belgium
CAD 19,510
37.8%
22
Romania
CAD 18,334
41.5%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 26,452
15.6%
1
Canada
CAD 23,285
25.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 29,651
5.4%
1
Taiwan
CAD 28,235
9.9%
2
Thailand
CAD 28,157
10.2%
3
Australia
CAD 27,917
10.9%
4
South Korea
CAD 26,542
15.3%
5
New Zealand
CAD 26,233
16.3%
6
Pakistan
CAD 25,877
17.4%
7
Indonesia
CAD 25,531
18.5%
8
Malaysia
CAD 25,276
19.4%
9
Kazakhstan
CAD 25,021
20.2%
10
Japan
CAD 24,998
20.2%
11
Singapore
CAD 24,862
20.7%
12
Philippines
CAD 24,171
22.9%
13
Vietnam
CAD 23,185
26.0%
14
China
CAD 22,068
29.6%
15
India
CAD 21,027
32.9%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 28,335
9.6%
1
Costa Rica
CAD 28,010
10.6%
2
Puerto Rico
CAD 27,933
10.9%
3
Ecuador
CAD 27,252
13.1%
4
Colombia
CAD 26,582
15.2%
5
Panama
CAD 26,009
17.0%
6
Chile
CAD 25,334
19.2%
7
Mexico
CAD 24,786
20.9%
8
Peru
CAD 24,094
23.1%
9
Brazil
CAD 23,504
25.0%
10
Uruguay
CAD 22,940
26.8%
11
Argentina
CAD 20,361
35.0%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 25,492
18.7%
1
Mozambique
CAD 23,333
25.6%
2
Angola
CAD 23,041
26.5%
3
Kenya
CAD 22,644
27.8%
4
Morocco
CAD 22,139
29.4%
5
Ivory Coast
CAD 22,137
29.4%
6
Ghana
CAD 22,121
29.4%
7
Nigeria
CAD 21,491
31.4%
8
Cameroon
CAD 20,798
33.6%
9
Uganda
CAD 20,781
33.7%
10
Senegal
CAD 20,373
35.0%
11
Zambia
CAD 19,681
37.2%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 29,773
5.0%
1
Qatar
CAD 29,773
5.0%
2
Bahrain
CAD 28,833
8.0%
3
Oman
CAD 28,833
8.0%
4
Saudi Arabia
CAD 28,206
10.0%
5
Kuwait
CAD 27,893
11.0%
6
Israel
CAD 26,915
14.1%
7
Egypt
CAD 23,890
23.8%
8
Lebanon
CAD 23,769
24.2%
9
Turkey
CAD 18,300
41.6%
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.