Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$39,792
Federal tax deduction
- $5,371
Provincial tax deduction
- $2,317
CPP deduction
- $2,069
EI deduction
- $629
Total tax
- $10,386
Net pay
* $29,406
Marginal tax rate
28.9%
Average tax rate
26.1%
73.9%
Net pay
26.1%
Total tax
Total tax
Net pay
The Taxberg
$29,406
Net pay
$2,949
Tax the employer pays
$10,386
Tax you pay
Total tax paid
$13,334
Did you know your employer also pays tax on your salary? It costs the employer $2,949 to pay you $39,792. In other words, every time you spend $10 of your hard-earned money, $3.35 goes to the government.
Real tax rate
31.2%
So, with you and the employer both paying tax, what used to be a 26.1% tax rate now rises to 31.2%, meaning your real tax rate is actually 5.1% higher than what it seemed at first.
Summary
If you make $39,792 a year living in the region of Ontario, Canada, you will be taxed $10,386. That means that your net pay will be $29,406 per year, or $2,451 per month. Your average tax rate is 26.1% 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.
North America
Country 
Net pay
Average tax
Rank
USA
CAD 32,757
17.7%
1
Canada
CAD 29,406
26.1%
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.