Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$38,480
Federal tax deduction
- $5,189
Provincial tax deduction
- $2,216
CPP deduction
- $1,994
EI deduction
- $608
Total tax
- $10,007
Net pay
* $28,473
Marginal tax rate
28.9%
Average tax rate
26.0%
74.0%
Net pay
26.0%
Total tax
Total tax
Net pay
The Taxberg
$28,473
Net pay
$2,845
Tax the employer pays
$10,007
Tax you pay
Total tax paid
$12,852
Did you know your employer also pays tax on your salary? It costs the employer $2,845 to pay you $38,480. 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
$38,480 yearly is how much per hour?
$19.73 hourly is how much per year?
What is the average salary in Canada?
Summary
If you make $38,480 a year living in the region of Ontario, Canada, you will be taxed $10,007. That means that your net pay will be $28,473 per year, or $2,373 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 29,254
24.0%
1
British Columbia
CAD 28,881
24.9%
2
Northwest Territories
CAD 28,573
25.7%
3
Ontario
CAD 28,473
26.0%
4
Yukon
CAD 28,476
26.0%
5
Quebec
CAD 28,204
26.7%
6
Newfoundland and Labrador
CAD 27,534
28.4%
7
New Brunswick
CAD 27,317
29.0%
8
Alberta
CAD 27,102
29.6%
9
Nova Scotia
CAD 26,988
29.9%
10
Saskatchewan
CAD 26,922
30.0%
11
Prince Edward Island
CAD 26,913
30.1%
12
Manitoba
CAD 26,735
30.5%
13
Show more
Europe
Country 
Net pay
Average tax
Rank
Switzerland
CAD 34,411
10.6%
1
Ireland
CAD 33,615
12.6%
2
Russia
CAD 33,478
13.0%
3
United Kingdom
CAD 33,171
13.8%
4
France
CAD 32,558
15.4%
5
Hungary
CAD 31,361
18.5%
6
Norway
CAD 31,257
18.8%
7
Luxembourg
CAD 30,986
19.5%
8
Ukraine
CAD 30,976
19.5%
9
Austria
CAD 30,530
20.7%
10
Spain
CAD 30,401
21.0%
11
Czech Republic
CAD 30,279
21.3%
12
Sweden
CAD 27,584
28.3%
13
Greece
CAD 27,502
28.5%
14
Italy
CAD 27,359
28.9%
15
Germany
CAD 27,287
29.1%
16
Poland
CAD 26,307
31.6%
17
Denmark
CAD 25,816
32.9%
18
Finland
CAD 25,299
34.3%
19
Portugal
CAD 24,484
36.4%
20
Netherlands
CAD 24,215
37.1%
21
Romania
CAD 22,511
41.5%
22
Belgium
CAD 22,333
42.0%
23
Show more
North America
Country 
Net pay
Average tax
Rank
USA
CAD 31,786
17.4%
1
Canada
CAD 28,473
26.0%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 36,143
6.1%
1
Taiwan
CAD 34,407
10.6%
2
Thailand
CAD 33,888
11.9%
3
Australia
CAD 33,558
12.8%
4
South Korea
CAD 32,125
16.5%
5
New Zealand
CAD 31,969
16.9%
6
Kazakhstan
CAD 30,804
20.0%
7
Indonesia
CAD 30,726
20.2%
8
Pakistan
CAD 30,701
20.2%
9
Singapore
CAD 30,330
21.2%
10
Japan
CAD 30,176
21.6%
11
Malaysia
CAD 30,064
21.9%
12
Philippines
CAD 28,991
24.7%
13
Vietnam
CAD 27,971
27.3%
14
China
CAD 26,304
31.6%
15
India
CAD 25,083
34.8%
16
Show more
Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 34,790
9.6%
1
Puerto Rico
CAD 33,951
11.8%
2
Costa Rica
CAD 33,815
12.1%
3
Ecuador
CAD 32,822
14.7%
4
Colombia
CAD 31,608
17.9%
5
Panama
CAD 31,411
18.4%
6
Chile
CAD 30,920
19.7%
7
Mexico
CAD 29,801
22.6%
8
Peru
CAD 29,448
23.5%
9
Brazil
CAD 28,680
25.5%
10
Uruguay
CAD 27,789
27.8%
11
Argentina
CAD 25,002
35.0%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 30,343
21.2%
1
Angola
CAD 28,236
26.6%
2
Mozambique
CAD 28,093
27.0%
3
Kenya
CAD 27,642
28.2%
4
Ghana
CAD 26,844
30.2%
5
Ivory Coast
CAD 26,768
30.4%
6
Morocco
CAD 26,466
31.2%
7
Nigeria
CAD 26,347
31.5%
8
Uganda
CAD 25,422
33.9%
9
Cameroon
CAD 25,145
34.7%
10
Senegal
CAD 24,681
35.9%
11
Zambia
CAD 24,072
37.4%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 36,556
5.0%
1
Qatar
CAD 36,556
5.0%
2
Bahrain
CAD 35,402
8.0%
3
Oman
CAD 35,402
8.0%
4
Saudi Arabia
CAD 34,632
10.0%
5
Kuwait
CAD 34,247
11.0%
6
Israel
CAD 32,341
16.0%
7
Egypt
CAD 29,245
24.0%
8
Lebanon
CAD 29,124
24.3%
9
Turkey
CAD 22,678
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.