Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$38,423
Federal tax deduction
- $5,181
Provincial tax deduction
- $2,212
CPP deduction
- $1,991
EI deduction
- $607
Total tax
- $9,990
Net pay
* $28,433
Marginal tax rate
28.9%
Average tax rate
26.0%
74.0%
Net pay
26.0%
Total tax
Total tax
Net pay
The Taxberg
$28,433
Net pay
$2,841
Tax the employer pays
$9,990
Tax you pay
Total tax paid
$12,831
Did you know your employer also pays tax on your salary? It costs the employer $2,841 to pay you $38,423. 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
$38,423 yearly is how much per hour?
$19.70 hourly is how much per year?
What is the average salary in Canada?
Summary
If you make $38,423 a year living in the region of Ontario, Canada, you will be taxed $9,990. That means that your net pay will be $28,433 per year, or $2,369 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 29,212
24.0%
1
British Columbia
CAD 28,839
24.9%
2
Northwest Territories
CAD 28,531
25.7%
3
Ontario
CAD 28,433
26.0%
4
Yukon
CAD 28,434
26.0%
5
Quebec
CAD 28,167
26.7%
6
Newfoundland and Labrador
CAD 27,494
28.4%
7
New Brunswick
CAD 27,277
29.0%
8
Alberta
CAD 27,062
29.6%
9
Nova Scotia
CAD 26,952
29.9%
10
Saskatchewan
CAD 26,883
30.0%
11
Prince Edward Island
CAD 26,876
30.1%
12
Manitoba
CAD 26,697
30.5%
13
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Europe
Country 
Net pay
Average tax
Rank
Switzerland
CAD 34,366
10.6%
1
Ireland
CAD 33,574
12.6%
2
Russia
CAD 33,428
13.0%
3
United Kingdom
CAD 33,133
13.8%
4
France
CAD 32,514
15.4%
5
Hungary
CAD 31,315
18.5%
6
Norway
CAD 31,220
18.8%
7
Luxembourg
CAD 30,948
19.5%
8
Ukraine
CAD 30,931
19.5%
9
Austria
CAD 30,500
20.6%
10
Spain
CAD 30,364
21.0%
11
Czech Republic
CAD 30,236
21.3%
12
Sweden
CAD 27,546
28.3%
13
Greece
CAD 27,467
28.5%
14
Italy
CAD 27,335
28.9%
15
Germany
CAD 27,255
29.1%
16
Poland
CAD 26,271
31.6%
17
Denmark
CAD 25,777
32.9%
18
Finland
CAD 25,265
34.2%
19
Portugal
CAD 24,454
36.4%
20
Netherlands
CAD 24,179
37.1%
21
Romania
CAD 22,477
41.5%
22
Belgium
CAD 22,316
41.9%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 31,744
17.4%
1
Canada
CAD 28,433
26.0%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 36,092
6.1%
1
Taiwan
CAD 34,358
10.6%
2
Thailand
CAD 33,843
11.9%
3
Australia
CAD 33,513
12.8%
4
South Korea
CAD 32,080
16.5%
5
New Zealand
CAD 31,925
16.9%
6
Kazakhstan
CAD 30,758
20.0%
7
Indonesia
CAD 30,684
20.1%
8
Pakistan
CAD 30,662
20.2%
9
Singapore
CAD 30,286
21.2%
10
Japan
CAD 30,137
21.6%
11
Malaysia
CAD 30,027
21.9%
12
Philippines
CAD 28,952
24.7%
13
Vietnam
CAD 27,933
27.3%
14
China
CAD 26,276
31.6%
15
India
CAD 25,050
34.8%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 34,739
9.6%
1
Puerto Rico
CAD 33,904
11.8%
2
Costa Rica
CAD 33,769
12.1%
3
Ecuador
CAD 32,778
14.7%
4
Colombia
CAD 31,568
17.8%
5
Panama
CAD 31,367
18.4%
6
Chile
CAD 30,876
19.6%
7
Mexico
CAD 29,762
22.5%
8
Peru
CAD 29,406
23.5%
9
Brazil
CAD 28,639
25.5%
10
Uruguay
CAD 27,751
27.8%
11
Argentina
CAD 24,965
35.0%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 30,305
21.1%
1
Angola
CAD 28,194
26.6%
2
Mozambique
CAD 28,056
27.0%
3
Kenya
CAD 27,602
28.2%
4
Ghana
CAD 26,806
30.2%
5
Ivory Coast
CAD 26,732
30.4%
6
Morocco
CAD 26,432
31.2%
7
Nigeria
CAD 26,308
31.5%
8
Uganda
CAD 25,384
33.9%
9
Cameroon
CAD 25,111
34.7%
10
Senegal
CAD 24,647
35.9%
11
Zambia
CAD 24,037
37.4%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 36,502
5.0%
1
Qatar
CAD 36,502
5.0%
2
Bahrain
CAD 35,349
8.0%
3
Oman
CAD 35,349
8.0%
4
Saudi Arabia
CAD 34,581
10.0%
5
Kuwait
CAD 34,196
11.0%
6
Israel
CAD 32,298
15.9%
7
Egypt
CAD 29,202
24.0%
8
Lebanon
CAD 29,081
24.3%
9
Turkey
CAD 22,645
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.