Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$31,380
Federal tax deduction
- $4,201
Provincial tax deduction
- $1,779
CPP deduction
- $1,589
EI deduction
- $496
Total tax
- $8,066
Net pay
* $23,314
Marginal tax rate
25.9%
Average tax rate
25.7%
74.3%
Net pay
25.7%
Total tax
Total tax
Net pay
The Taxberg
$23,314
Net pay
$2,283
Tax the employer pays
$8,066
Tax you pay
Total tax paid
$10,349
Did you know your employer also pays tax on your salary? It costs the employer $2,283 to pay you $31,380. 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.
Summary
If you make $31,380 a year living in the region of Ontario, Canada, you will be taxed $8,066. That means that your net pay will be $23,314 per year, or $1,943 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
Tax per region
Region
Net pay
Average tax
Rank
Nunavut
CAD 23,922
23.8%
1
British Columbia
CAD 23,764
24.3%
2
Quebec
CAD 23,546
25.0%
3
Northwest Territories
CAD 23,365
25.5%
4
Ontario
CAD 23,314
25.7%
5
Yukon
CAD 23,301
25.7%
6
Newfoundland and Labrador
CAD 22,545
28.2%
7
Nova Scotia
CAD 22,409
28.6%
8
New Brunswick
CAD 22,340
28.8%
9
Prince Edward Island
CAD 22,190
29.3%
10
Alberta
CAD 22,164
29.4%
11
Saskatchewan
CAD 22,018
29.8%
12
Manitoba
CAD 21,927
30.1%
13
Show more
North America
Country 
Net pay
Average tax
Rank
USA
CAD 26,482
15.6%
1
Canada
CAD 23,314
25.7%
2
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.