Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$42,269
Federal tax deduction
- $5,716
Provincial tax deduction
- $2,439
CPP deduction
- $2,210
EI deduction
- $668
Total tax
- $11,033
Net pay
* $31,236
Marginal tax rate
25.9%
Average tax rate
26.1%
73.9%
Net pay
26.1%
Total tax
Total tax
Net pay
The Taxberg
$31,236
Net pay
$3,145
Tax the employer pays
$11,033
Tax you pay
Total tax paid
$14,177
Did you know your employer also pays tax on your salary? It costs the employer $3,145 to pay you $42,269. 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
$42,269 yearly is how much per hour?
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What is the average salary in Canada?
Summary
If you make $42,269 a year living in the region of Ontario, Canada, you will be taxed $11,033. That means that your net pay will be $31,236 per year, or $2,603 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 32,100
24.1%
1
British Columbia
CAD 31,659
25.1%
2
Northwest Territories
CAD 31,352
25.8%
3
Ontario
CAD 31,236
26.1%
4
Yukon
CAD 31,237
26.1%
5
Quebec
CAD 30,690
27.4%
6
Newfoundland and Labrador
CAD 30,068
28.9%
7
New Brunswick
CAD 29,970
29.1%
8
Alberta
CAD 29,737
29.6%
9
Saskatchewan
CAD 29,540
30.1%
10
Nova Scotia
CAD 29,432
30.4%
11
Prince Edward Island
CAD 29,404
30.4%
12
Manitoba
CAD 29,268
30.8%
13
Show more
North America
Country 
Net pay
Average tax
Rank
USA
CAD 34,589
18.2%
1
Canada
CAD 31,236
26.1%
2
Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 32,808
22.4%
1
Angola
CAD 30,992
26.7%
2
Mozambique
CAD 30,555
27.7%
3
Kenya
CAD 30,294
28.3%
4
Ghana
CAD 29,350
30.6%
5
Ivory Coast
CAD 29,144
31.1%
6
Nigeria
CAD 28,925
31.6%
7
Morocco
CAD 28,762
32.0%
8
Uganda
CAD 27,884
34.0%
9
Cameroon
CAD 27,452
35.1%
10
Senegal
CAD 26,955
36.2%
11
Zambia
CAD 26,402
37.5%
12
Show more
Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 40,156
5.0%
1
Qatar
CAD 40,156
5.0%
2
Bahrain
CAD 38,887
8.0%
3
Oman
CAD 38,887
8.0%
4
Saudi Arabia
CAD 38,042
10.0%
5
Kuwait
CAD 37,619
11.0%
6
Israel
CAD 35,209
16.7%
7
Egypt
CAD 32,087
24.1%
8
Lebanon
CAD 31,965
24.4%
9
Turkey
CAD 24,885
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.