Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$42,207
Federal tax deduction
- $5,707
Provincial tax deduction
- $2,436
CPP deduction
- $2,206
EI deduction
- $667
Total tax
- $11,017
Net pay
* $31,190
Marginal tax rate
25.9%
Average tax rate
26.1%
73.9%
Net pay
26.1%
Total tax
Total tax
Net pay
The Taxberg
$31,190
Net pay
$3,140
Tax the employer pays
$11,017
Tax you pay
Total tax paid
$14,156
Did you know your employer also pays tax on your salary? It costs the employer $3,140 to pay you $42,207. 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 $42,207 a year living in the region of Ontario, Canada, you will be taxed $11,017. That means that your net pay will be $31,190 per year, or $2,599 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.
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
$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 32,053
24.1%
1
British Columbia
CAD 31,614
25.1%
2
Northwest Territories
CAD 31,306
25.8%
3
Ontario
CAD 31,190
26.1%
4
Yukon
CAD 31,192
26.1%
5
Quebec
CAD 30,650
27.4%
6
Newfoundland and Labrador
CAD 30,028
28.9%
7
New Brunswick
CAD 29,927
29.1%
8
Alberta
CAD 29,693
29.6%
9
Saskatchewan
CAD 29,497
30.1%
10
Nova Scotia
CAD 29,392
30.4%
11
Prince Edward Island
CAD 29,363
30.4%
12
Manitoba
CAD 29,227
30.8%
13
Show more
North America
Country 
Net pay
Average tax
Rank
USA
CAD 34,543
18.2%
1
Canada
CAD 31,190
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.