Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$38,055
Federal tax deduction
- $5,130
Provincial tax deduction
- $2,184
CPP deduction
- $1,970
EI deduction
- $601
Total tax
- $9,884
Net pay
* $28,171
Marginal tax rate
28.9%
Average tax rate
26.0%
74.0%
Net pay
26.0%
Total tax
Total tax
Net pay
The Taxberg
$28,171
Net pay
$2,811
Tax the employer pays
$9,884
Tax you pay
Total tax paid
$12,695
Did you know your employer also pays tax on your salary? It costs the employer $2,811 to pay you $38,055. In other words, every time you spend $10 of your hard-earned money, $3.34 goes to the government.
Real tax rate
31.1%
So, with you and the employer both paying tax, what used to be a 26% tax rate now rises to 31.1%, meaning your real tax rate is actually 5.1% higher than what it seemed at first.
People also ask
$38,055 yearly is how much per hour?
$19.52 hourly is how much per year?
What is the average salary in Canada?
Summary
If you make $38,055 a year living in the region of Ontario, Canada, you will be taxed $9,884. That means that your net pay will be $28,171 per year, or $2,348 per month. Your average tax rate is 26.0% and your marginal tax rate is 28.9%. 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 $28.87, hence, your net pay will only increase by $71.13.
Bonus Example
A $1,000 bonus will generate an extra $711 of net incomes. A $5,000 bonus will generate an extra $3,557 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
$38,500
$39,000
$39,500
$40,000
$40,500
$41,000
$41,500
$42,000
$42,500
$43,000
$43,500
$44,000
$44,500
$45,000
$45,500
$46,000
$46,500
$47,000
$47,500
$48,000
Tax per region
Region
Net pay
Average tax
Rank
Nunavut
CAD 28,935
24.0%
1
British Columbia
CAD 28,568
24.9%
2
Northwest Territories
CAD 28,261
25.7%
3
Ontario
CAD 28,171
26.0%
4
Yukon
CAD 28,166
26.0%
5
Quebec
CAD 27,925
26.6%
6
Newfoundland and Labrador
CAD 27,237
28.4%
7
New Brunswick
CAD 27,019
29.0%
8
Alberta
CAD 26,806
29.6%
9
Nova Scotia
CAD 26,714
29.8%
10
Prince Edward Island
CAD 26,634
30.0%
11
Saskatchewan
CAD 26,629
30.0%
12
Manitoba
CAD 26,451
30.5%
13
Show more
North America
Country 
Net pay
Average tax
Rank
USA
CAD 31,471
17.3%
1
Canada
CAD 28,171
26.0%
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.