Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$42,254
Federal tax deduction
- $5,714
Provincial tax deduction
- $2,439
CPP deduction
- $2,209
EI deduction
- $668
Total tax
- $11,029
Net pay
* $31,225
Marginal tax rate
25.9%
Average tax rate
26.1%
73.9%
Net pay
26.1%
Total tax
Total tax
Net pay
The Taxberg
$31,225
Net pay
$3,144
Tax the employer pays
$11,029
Tax you pay
Total tax paid
$14,172
Did you know your employer also pays tax on your salary? It costs the employer $3,144 to pay you $42,254. 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
$42,254 yearly is how much per hour?
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Summary
If you make $42,254 a year living in the region of Ontario, Canada, you will be taxed $11,029. That means that your net pay will be $31,225 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 32,089
24.1%
1
British Columbia
CAD 31,648
25.1%
2
Northwest Territories
CAD 31,341
25.8%
3
Ontario
CAD 31,225
26.1%
4
Yukon
CAD 31,226
26.1%
5
Quebec
CAD 30,681
27.4%
6
Newfoundland and Labrador
CAD 30,058
28.9%
7
New Brunswick
CAD 29,960
29.1%
8
Alberta
CAD 29,726
29.6%
9
Saskatchewan
CAD 29,529
30.1%
10
Nova Scotia
CAD 29,423
30.4%
11
Prince Edward Island
CAD 29,394
30.4%
12
Manitoba
CAD 29,258
30.8%
13
Show more
North America
Country 
Net pay
Average tax
Rank
USA
CAD 34,578
18.2%
1
Canada
CAD 31,225
26.1%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 39,513
6.5%
1
Taiwan
CAD 37,670
10.9%
2
Thailand
CAD 36,836
12.8%
3
Australia
CAD 36,385
13.9%
4
South Korea
CAD 35,075
17.0%
5
New Zealand
CAD 34,785
17.7%
6
Kazakhstan
CAD 33,861
19.9%
7
Indonesia
CAD 33,471
20.8%
8
Pakistan
CAD 33,248
21.3%
9
Singapore
CAD 33,200
21.4%
10
Japan
CAD 32,748
22.5%
11
Malaysia
CAD 32,513
23.1%
12
Philippines
CAD 31,538
25.4%
13
Vietnam
CAD 30,338
28.2%
14
China
CAD 28,490
32.6%
15
India
CAD 27,226
35.6%
16
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 40,141
5.0%
1
Qatar
CAD 40,141
5.0%
2
Bahrain
CAD 38,874
8.0%
3
Oman
CAD 38,874
8.0%
4
Saudi Arabia
CAD 38,029
10.0%
5
Kuwait
CAD 37,606
11.0%
6
Israel
CAD 35,197
16.7%
7
Egypt
CAD 32,075
24.1%
8
Lebanon
CAD 31,954
24.4%
9
Turkey
CAD 24,876
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.