Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$40,002
Federal tax deduction
- $5,400
Provincial tax deduction
- $2,333
CPP deduction
- $2,081
EI deduction
- $632
Total tax
- $10,446
Net pay
* $29,556
Marginal tax rate
25.9%
Average tax rate
26.1%
73.9%
Net pay
26.1%
Total tax
Total tax
Net pay
The Taxberg
$29,556
Net pay
$2,965
Tax the employer pays
$10,446
Tax you pay
Total tax paid
$13,412
Did you know your employer also pays tax on your salary? It costs the employer $2,965 to pay you $40,002. 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.
People also ask
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Summary
If you make $40,002 a year living in the region of Ontario, Canada, you will be taxed $10,446. That means that your net pay will be $29,556 per year, or $2,463 per month. Your average tax rate is 26.1% and your marginal tax rate is 25.9%. 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 $25.87, hence, your net pay will only increase by $74.13.
Bonus Example
A $1,000 bonus will generate an extra $741 of net incomes. A $5,000 bonus will generate an extra $3,707 of net incomes.
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
$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
$48,500
$49,000
$49,500
$50,000
Tax per region
Region
Net pay
Average tax
Rank
Nunavut
CAD 30,397
24.0%
1
British Columbia
CAD 30,002
25.0%
2
Northwest Territories
CAD 29,689
25.8%
3
Yukon
CAD 29,585
26.0%
4
Ontario
CAD 29,556
26.1%
5
Quebec
CAD 29,203
27.0%
6
Newfoundland and Labrador
CAD 28,596
28.5%
7
New Brunswick
CAD 28,384
29.0%
8
Alberta
CAD 28,160
29.6%
9
Nova Scotia
CAD 27,970
30.1%
10
Saskatchewan
CAD 27,974
30.1%
11
Prince Edward Island
CAD 27,914
30.2%
12
Manitoba
CAD 27,753
30.6%
13
Show more
North America
Country 
Net pay
Average tax
Rank
USA
CAD 32,912
17.7%
1
Canada
CAD 29,556
26.1%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 37,502
6.3%
1
Taiwan
CAD 35,723
10.7%
2
Thailand
CAD 35,077
12.3%
3
Australia
CAD 34,760
13.1%
4
South Korea
CAD 33,315
16.7%
5
New Zealand
CAD 33,127
17.2%
6
Kazakhstan
CAD 32,037
19.9%
7
Indonesia
CAD 31,833
20.4%
8
Pakistan
CAD 31,728
20.7%
9
Singapore
CAD 31,495
21.3%
10
Japan
CAD 31,213
22.0%
11
Malaysia
CAD 31,061
22.4%
12
Philippines
CAD 30,018
25.0%
13
Vietnam
CAD 28,927
27.7%
14
China
CAD 27,094
32.3%
15
India
CAD 25,947
35.1%
16
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Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 31,351
21.6%
1
Angola
CAD 29,343
26.7%
2
Mozambique
CAD 29,082
27.3%
3
Kenya
CAD 28,707
28.2%
4
Ghana
CAD 27,851
30.4%
5
Ivory Coast
CAD 27,740
30.7%
6
Morocco
CAD 27,388
31.5%
7
Nigeria
CAD 27,382
31.6%
8
Uganda
CAD 26,411
34.0%
9
Cameroon
CAD 26,072
34.8%
10
Senegal
CAD 25,595
36.0%
11
Zambia
CAD 25,008
37.5%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 38,002
5.0%
1
Qatar
CAD 38,002
5.0%
2
Bahrain
CAD 36,802
8.0%
3
Oman
CAD 36,802
8.0%
4
Saudi Arabia
CAD 36,002
10.0%
5
Kuwait
CAD 35,602
11.0%
6
Israel
CAD 33,493
16.3%
7
Egypt
CAD 30,386
24.0%
8
Lebanon
CAD 30,265
24.3%
9
Turkey
CAD 23,564
41.1%
10
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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.