Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$38,112
Federal tax deduction
- $5,137
Provincial tax deduction
- $2,188
CPP deduction
- $1,973
EI deduction
- $602
Total tax
- $9,901
Net pay
* $28,211
Marginal tax rate
28.9%
Average tax rate
26.0%
74.0%
Net pay
26.0%
Total tax
Total tax
Net pay
The Taxberg
$28,211
Net pay
$2,816
Tax the employer pays
$9,901
Tax you pay
Total tax paid
$12,716
Did you know your employer also pays tax on your salary? It costs the employer $2,816 to pay you $38,112. 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
$38,112 yearly is how much per hour?
$19.54 hourly is how much per year?
What is the average salary in Canada?
Summary
If you make $38,112 a year living in the region of Ontario, Canada, you will be taxed $9,901. That means that your net pay will be $28,211 per year, or $2,351 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 28,978
24.0%
1
British Columbia
CAD 28,610
24.9%
2
Northwest Territories
CAD 28,303
25.7%
3
Ontario
CAD 28,211
26.0%
4
Yukon
CAD 28,207
26.0%
5
Quebec
CAD 27,963
26.6%
6
Newfoundland and Labrador
CAD 27,277
28.4%
7
New Brunswick
CAD 27,059
29.0%
8
Alberta
CAD 26,846
29.6%
9
Nova Scotia
CAD 26,751
29.8%
10
Prince Edward Island
CAD 26,671
30.0%
11
Saskatchewan
CAD 26,668
30.0%
12
Manitoba
CAD 26,489
30.5%
13
Show more
Europe
Country 
Net pay
Average tax
Rank
Switzerland
CAD 34,118
10.5%
1
Ireland
CAD 33,352
12.5%
2
Russia
CAD 33,157
13.0%
3
United Kingdom
CAD 32,925
13.6%
4
France
CAD 32,275
15.3%
5
Hungary
CAD 31,061
18.5%
6
Norway
CAD 31,015
18.6%
7
Luxembourg
CAD 30,743
19.3%
8
Ukraine
CAD 30,680
19.5%
9
Austria
CAD 30,338
20.4%
10
Spain
CAD 30,160
20.9%
11
Czech Republic
CAD 30,006
21.3%
12
Sweden
CAD 27,338
28.3%
13
Greece
CAD 27,275
28.4%
14
Italy
CAD 27,203
28.6%
15
Germany
CAD 27,080
29.0%
16
Poland
CAD 26,072
31.6%
17
Denmark
CAD 25,565
32.9%
18
Finland
CAD 25,081
34.2%
19
Portugal
CAD 24,292
36.3%
20
Netherlands
CAD 23,983
37.1%
21
Romania
CAD 22,296
41.5%
22
Belgium
CAD 22,222
41.7%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 31,514
17.3%
1
Canada
CAD 28,211
26.0%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 35,814
6.0%
1
Taiwan
CAD 34,089
10.6%
2
Thailand
CAD 33,600
11.8%
3
Australia
CAD 33,267
12.7%
4
South Korea
CAD 31,837
16.5%
5
New Zealand
CAD 31,689
16.9%
6
Kazakhstan
CAD 30,506
20.0%
7
Indonesia
CAD 30,458
20.1%
8
Pakistan
CAD 30,452
20.1%
9
Singapore
CAD 30,048
21.2%
10
Japan
CAD 29,925
21.5%
11
Malaysia
CAD 29,822
21.8%
12
Philippines
CAD 28,742
24.6%
13
Vietnam
CAD 27,725
27.3%
14
China
CAD 26,121
31.5%
15
India
CAD 24,874
34.7%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 34,458
9.6%
1
Puerto Rico
CAD 33,645
11.7%
2
Costa Rica
CAD 33,518
12.1%
3
Ecuador
CAD 32,539
14.6%
4
Colombia
CAD 31,350
17.7%
5
Panama
CAD 31,132
18.3%
6
Chile
CAD 30,641
19.6%
7
Mexico
CAD 29,549
22.5%
8
Peru
CAD 29,177
23.4%
9
Brazil
CAD 28,414
25.5%
10
Uruguay
CAD 27,540
27.7%
11
Argentina
CAD 24,763
35.0%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 30,100
21.0%
1
Angola
CAD 27,968
26.6%
2
Mozambique
CAD 27,853
26.9%
3
Kenya
CAD 27,384
28.2%
4
Ghana
CAD 26,601
30.2%
5
Ivory Coast
CAD 26,533
30.4%
6
Morocco
CAD 26,243
31.1%
7
Nigeria
CAD 26,097
31.5%
8
Uganda
CAD 25,182
33.9%
9
Cameroon
CAD 24,921
34.6%
10
Senegal
CAD 24,461
35.8%
11
Zambia
CAD 23,846
37.4%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 36,206
5.0%
1
Qatar
CAD 36,206
5.0%
2
Bahrain
CAD 35,063
8.0%
3
Oman
CAD 35,063
8.0%
4
Saudi Arabia
CAD 34,301
10.0%
5
Kuwait
CAD 33,920
11.0%
6
Israel
CAD 32,062
15.9%
7
Egypt
CAD 28,969
24.0%
8
Lebanon
CAD 28,848
24.3%
9
Turkey
CAD 22,464
41.1%
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.