Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$40,753
Federal tax deduction
- $5,505
Provincial tax deduction
- $2,368
CPP deduction
- $2,123
EI deduction
- $644
Total tax
- $10,640
Net pay
* $30,113
Marginal tax rate
25.9%
Average tax rate
26.1%
73.9%
Net pay
26.1%
Total tax
Total tax
Net pay
Summary
If you make $40,753 a year living in the region of Ontario, Canada, you will be taxed $10,640. That means that your net pay will be $30,113 per year, or $2,509 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.
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 38,173
6.3%
1
Taiwan
CAD 36,372
10.8%
2
Thailand
CAD 35,664
12.5%
3
Australia
CAD 35,354
13.3%
4
South Korea
CAD 33,902
16.8%
5
New Zealand
CAD 33,699
17.3%
6
Kazakhstan
CAD 32,645
19.9%
7
Indonesia
CAD 32,379
20.6%
8
Pakistan
CAD 32,235
20.9%
9
Singapore
CAD 32,070
21.3%
10
Japan
CAD 31,725
22.2%
11
Malaysia
CAD 31,545
22.6%
12
Philippines
CAD 30,525
25.1%
13
Vietnam
CAD 29,398
27.9%
14
China
CAD 27,559
32.4%
15
India
CAD 26,374
35.3%
16
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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.