Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$42,250
Federal tax deduction
- $5,713
Provincial tax deduction
- $2,438
CPP deduction
- $2,209
EI deduction
- $668
Total tax
- $11,028
Net pay
* $31,222
Marginal tax rate
25.9%
Average tax rate
26.1%
73.9%
Net pay
26.1%
Total tax
Total tax
Net pay
The Taxberg
$31,222
Net pay
$3,143
Tax the employer pays
$11,028
Tax you pay
Total tax paid
$14,171
Did you know your employer also pays tax on your salary? It costs the employer $3,143 to pay you $42,250. 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
$42,250 yearly is how much per hour?
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What is the average salary in Canada?
Summary
If you make $42,250 a year living in the region of Ontario, Canada, you will be taxed $11,028. That means that your net pay will be $31,222 per year, or $2,602 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 32,086
24.1%
1
British Columbia
CAD 31,645
25.1%
2
Northwest Territories
CAD 31,338
25.8%
3
Ontario
CAD 31,222
26.1%
4
Yukon
CAD 31,223
26.1%
5
Quebec
CAD 30,678
27.4%
6
Newfoundland and Labrador
CAD 30,056
28.9%
7
New Brunswick
CAD 29,957
29.1%
8
Alberta
CAD 29,723
29.6%
9
Saskatchewan
CAD 29,526
30.1%
10
Nova Scotia
CAD 29,420
30.4%
11
Prince Edward Island
CAD 29,391
30.4%
12
Manitoba
CAD 29,255
30.8%
13
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Europe
Country 
Net pay
Average tax
Rank
Switzerland
CAD 37,495
11.3%
1
Russia
CAD 36,758
13.0%
2
Ireland
CAD 36,310
14.1%
3
United Kingdom
CAD 35,687
15.5%
4
France
CAD 35,455
16.1%
5
Hungary
CAD 34,434
18.5%
6
Ukraine
CAD 34,011
19.5%
7
Norway
CAD 33,746
20.1%
8
Luxembourg
CAD 33,477
20.8%
9
Czech Republic
CAD 33,068
21.7%
10
Spain
CAD 32,873
22.2%
11
Austria
CAD 32,493
23.1%
12
Sweden
CAD 30,110
28.7%
13
Greece
CAD 29,833
29.4%
14
Germany
CAD 29,399
30.4%
15
Italy
CAD 28,958
31.5%
16
Poland
CAD 28,715
32.0%
17
Denmark
CAD 28,393
32.8%
18
Finland
CAD 27,529
34.8%
19
Netherlands
CAD 26,588
37.1%
20
Portugal
CAD 26,445
37.4%
21
Romania
CAD 24,716
41.5%
22
Belgium
CAD 23,474
44.4%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 34,575
18.2%
1
Canada
CAD 31,222
26.1%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 39,510
6.5%
1
Taiwan
CAD 37,666
10.9%
2
Thailand
CAD 36,833
12.8%
3
Australia
CAD 36,382
13.9%
4
South Korea
CAD 35,072
17.0%
5
New Zealand
CAD 34,783
17.7%
6
Kazakhstan
CAD 33,858
19.9%
7
Indonesia
CAD 33,468
20.8%
8
Pakistan
CAD 33,246
21.3%
9
Singapore
CAD 33,197
21.4%
10
Japan
CAD 32,745
22.5%
11
Malaysia
CAD 32,510
23.1%
12
Philippines
CAD 31,536
25.4%
13
Vietnam
CAD 30,336
28.2%
14
China
CAD 28,487
32.6%
15
India
CAD 27,224
35.6%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 38,199
9.6%
1
Puerto Rico
CAD 37,072
12.3%
2
Costa Rica
CAD 36,851
12.8%
3
Ecuador
CAD 35,723
15.5%
4
Panama
CAD 34,263
18.9%
5
Colombia
CAD 34,247
18.9%
6
Chile
CAD 33,778
20.1%
7
Mexico
CAD 32,347
23.4%
8
Peru
CAD 32,217
23.8%
9
Brazil
CAD 31,414
25.7%
10
Uruguay
CAD 30,519
27.8%
11
Argentina
CAD 27,453
35.0%
12
Show more
Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 32,796
22.4%
1
Angola
CAD 30,978
26.7%
2
Mozambique
CAD 30,543
27.7%
3
Kenya
CAD 30,281
28.3%
4
Ghana
CAD 29,338
30.6%
5
Ivory Coast
CAD 29,132
31.1%
6
Nigeria
CAD 28,912
31.6%
7
Morocco
CAD 28,751
32.0%
8
Uganda
CAD 27,872
34.0%
9
Cameroon
CAD 27,441
35.1%
10
Senegal
CAD 26,943
36.2%
11
Zambia
CAD 26,391
37.5%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 40,137
5.0%
1
Qatar
CAD 40,138
5.0%
2
Bahrain
CAD 38,870
8.0%
3
Oman
CAD 38,870
8.0%
4
Saudi Arabia
CAD 38,025
10.0%
5
Kuwait
CAD 37,602
11.0%
6
Israel
CAD 35,194
16.7%
7
Egypt
CAD 32,072
24.1%
8
Lebanon
CAD 31,951
24.4%
9
Turkey
CAD 24,874
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.