Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$42,059
Federal tax deduction
- $5,686
Provincial tax deduction
- $2,429
CPP deduction
- $2,198
EI deduction
- $665
Total tax
- $10,978
Net pay
* $31,081
Marginal tax rate
25.9%
Average tax rate
26.1%
73.9%
Net pay
26.1%
Total tax
Total tax
Net pay
The Taxberg
$31,081
Net pay
$3,128
Tax the employer pays
$10,978
Tax you pay
Total tax paid
$14,106
Did you know your employer also pays tax on your salary? It costs the employer $3,128 to pay you $42,059. 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
$42,059 yearly is how much per hour?
$21.57 hourly is how much per year?
What is the average salary in Canada?
Summary
If you make $42,059 a year living in the region of Ontario, Canada, you will be taxed $10,978. That means that your net pay will be $31,081 per year, or $2,590 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
$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
$50,500
$51,000
$51,500
$52,000
Tax per region
Region
Net pay
Average tax
Rank
Nunavut
CAD 31,942
24.1%
1
British Columbia
CAD 31,506
25.1%
2
Northwest Territories
CAD 31,198
25.8%
3
Ontario
CAD 31,081
26.1%
4
Yukon
CAD 31,084
26.1%
5
Quebec
CAD 30,553
27.4%
6
Newfoundland and Labrador
CAD 29,932
28.8%
7
New Brunswick
CAD 29,823
29.1%
8
Alberta
CAD 29,591
29.6%
9
Saskatchewan
CAD 29,395
30.1%
10
Nova Scotia
CAD 29,297
30.3%
11
Prince Edward Island
CAD 29,266
30.4%
12
Manitoba
CAD 29,128
30.7%
13
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Europe
Country 
Net pay
Average tax
Rank
Switzerland
CAD 37,337
11.2%
1
Russia
CAD 36,591
13.0%
2
Ireland
CAD 36,174
14.0%
3
United Kingdom
CAD 35,560
15.5%
4
France
CAD 35,308
16.1%
5
Hungary
CAD 34,278
18.5%
6
Ukraine
CAD 33,857
19.5%
7
Norway
CAD 33,620
20.1%
8
Luxembourg
CAD 33,351
20.7%
9
Czech Republic
CAD 32,927
21.7%
10
Spain
CAD 32,748
22.1%
11
Austria
CAD 32,394
23.0%
12
Sweden
CAD 29,983
28.7%
13
Greece
CAD 29,715
29.4%
14
Germany
CAD 29,292
30.4%
15
Italy
CAD 28,877
31.3%
16
Poland
CAD 28,593
32.0%
17
Denmark
CAD 28,263
32.8%
18
Finland
CAD 27,416
34.8%
19
Netherlands
CAD 26,467
37.1%
20
Portugal
CAD 26,346
37.4%
21
Romania
CAD 24,605
41.5%
22
Belgium
CAD 23,416
44.3%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 34,434
18.1%
1
Canada
CAD 31,081
26.1%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 39,339
6.5%
1
Taiwan
CAD 37,501
10.8%
2
Thailand
CAD 36,685
12.8%
3
Australia
CAD 36,257
13.8%
4
South Korea
CAD 34,923
17.0%
5
New Zealand
CAD 34,652
17.6%
6
Kazakhstan
CAD 33,703
19.9%
7
Indonesia
CAD 33,329
20.8%
8
Pakistan
CAD 33,117
21.3%
9
Singapore
CAD 33,058
21.4%
10
Japan
CAD 32,615
22.5%
11
Malaysia
CAD 32,387
23.0%
12
Philippines
CAD 31,407
25.3%
13
Vietnam
CAD 30,216
28.2%
14
China
CAD 28,369
32.6%
15
India
CAD 27,115
35.5%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 38,026
9.6%
1
Puerto Rico
CAD 36,922
12.2%
2
Costa Rica
CAD 36,698
12.8%
3
Ecuador
CAD 35,576
15.4%
4
Panama
CAD 34,118
18.9%
5
Colombia
CAD 34,113
18.9%
6
Chile
CAD 33,633
20.0%
7
Mexico
CAD 32,218
23.4%
8
Peru
CAD 32,077
23.7%
9
Brazil
CAD 31,275
25.6%
10
Uruguay
CAD 30,381
27.8%
11
Argentina
CAD 27,329
35.0%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 32,673
22.3%
1
Angola
CAD 30,839
26.7%
2
Mozambique
CAD 30,419
27.7%
3
Kenya
CAD 30,147
28.3%
4
Ghana
CAD 29,211
30.6%
5
Ivory Coast
CAD 29,014
31.0%
6
Nigeria
CAD 28,782
31.6%
7
Morocco
CAD 28,635
31.9%
8
Uganda
CAD 27,748
34.0%
9
Cameroon
CAD 27,324
35.0%
10
Senegal
CAD 26,829
36.2%
11
Zambia
CAD 26,273
37.5%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 39,956
5.0%
1
Qatar
CAD 39,956
5.0%
2
Bahrain
CAD 38,694
8.0%
3
Oman
CAD 38,694
8.0%
4
Saudi Arabia
CAD 37,853
10.0%
5
Kuwait
CAD 37,433
11.0%
6
Israel
CAD 35,050
16.7%
7
Egypt
CAD 31,929
24.1%
8
Lebanon
CAD 31,808
24.4%
9
Turkey
CAD 24,763
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.