Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$38,116
Federal tax deduction
- $5,138
Provincial tax deduction
- $2,188
CPP deduction
- $1,973
EI deduction
- $602
Total tax
- $9,902
Net pay
* $28,214
Marginal tax rate
28.9%
Average tax rate
26.0%
74.0%
Net pay
26.0%
Total tax
Total tax
Net pay
The Taxberg
$28,214
Net pay
$2,816
Tax the employer pays
$9,902
Tax you pay
Total tax paid
$12,718
Did you know your employer also pays tax on your salary? It costs the employer $2,816 to pay you $38,116. 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
$38,116 yearly is how much per hour?
$19.55 hourly is how much per year?
What is the average salary in Canada?
Summary
If you make $38,116 a year living in the region of Ontario, Canada, you will be taxed $9,902. That means that your net pay will be $28,214 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
Europe
Country 
Net pay
Average tax
Rank
Switzerland
CAD 34,121
10.5%
1
Ireland
CAD 33,355
12.5%
2
Russia
CAD 33,161
13.0%
3
United Kingdom
CAD 32,928
13.6%
4
France
CAD 32,278
15.3%
5
Hungary
CAD 31,065
18.5%
6
Norway
CAD 31,017
18.6%
7
Luxembourg
CAD 30,745
19.3%
8
Ukraine
CAD 30,683
19.5%
9
Austria
CAD 30,340
20.4%
10
Spain
CAD 30,163
20.9%
11
Czech Republic
CAD 30,009
21.3%
12
Sweden
CAD 27,340
28.3%
13
Greece
CAD 27,277
28.4%
14
Italy
CAD 27,205
28.6%
15
Germany
CAD 27,083
29.0%
16
Poland
CAD 26,075
31.6%
17
Denmark
CAD 25,567
32.9%
18
Finland
CAD 25,084
34.2%
19
Portugal
CAD 24,294
36.3%
20
Netherlands
CAD 23,986
37.1%
21
Romania
CAD 22,298
41.5%
22
Belgium
CAD 22,223
41.7%
23
Show more
North America
Country 
Net pay
Average tax
Rank
USA
CAD 31,517
17.3%
1
Canada
CAD 28,214
26.0%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 35,818
6.0%
1
Taiwan
CAD 34,093
10.6%
2
Thailand
CAD 33,603
11.8%
3
Australia
CAD 33,270
12.7%
4
South Korea
CAD 31,840
16.5%
5
New Zealand
CAD 31,692
16.9%
6
Kazakhstan
CAD 30,509
20.0%
7
Indonesia
CAD 30,461
20.1%
8
Pakistan
CAD 30,455
20.1%
9
Singapore
CAD 30,051
21.2%
10
Japan
CAD 29,928
21.5%
11
Malaysia
CAD 29,825
21.8%
12
Philippines
CAD 28,745
24.6%
13
Vietnam
CAD 27,727
27.3%
14
China
CAD 26,122
31.5%
15
India
CAD 24,876
34.7%
16
Show more
Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 34,461
9.6%
1
Puerto Rico
CAD 33,648
11.7%
2
Costa Rica
CAD 33,522
12.1%
3
Ecuador
CAD 32,542
14.6%
4
Colombia
CAD 31,353
17.7%
5
Panama
CAD 31,135
18.3%
6
Chile
CAD 30,644
19.6%
7
Mexico
CAD 29,552
22.5%
8
Peru
CAD 29,180
23.4%
9
Brazil
CAD 28,417
25.5%
10
Uruguay
CAD 27,542
27.7%
11
Argentina
CAD 24,766
35.0%
12
Show more
Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 30,102
21.0%
1
Angola
CAD 27,971
26.6%
2
Mozambique
CAD 27,856
26.9%
3
Kenya
CAD 27,387
28.2%
4
Ghana
CAD 26,603
30.2%
5
Ivory Coast
CAD 26,536
30.4%
6
Morocco
CAD 26,246
31.1%
7
Nigeria
CAD 26,100
31.5%
8
Uganda
CAD 25,185
33.9%
9
Cameroon
CAD 24,924
34.6%
10
Senegal
CAD 24,463
35.8%
11
Zambia
CAD 23,848
37.4%
12
Show more
Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 36,210
5.0%
1
Qatar
CAD 36,210
5.0%
2
Bahrain
CAD 35,067
8.0%
3
Oman
CAD 35,067
8.0%
4
Saudi Arabia
CAD 34,304
10.0%
5
Kuwait
CAD 33,923
11.0%
6
Israel
CAD 32,066
15.9%
7
Egypt
CAD 28,972
24.0%
8
Lebanon
CAD 28,851
24.3%
9
Turkey
CAD 22,466
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.