Income tax calculator Ontario
Find out how much your salary is after tax
Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$42,692
Federal tax deduction
- $5,774
Provincial tax deduction
- $2,459
CPP deduction
- $2,234
EI deduction
- $675
Total tax
- $11,142
Net pay
*
$31,550
Marginal tax rate
25.9%
Average tax rate
26.1%
73.9%
Net pay
26.1%
Total tax
Total tax
Net pay
Want to send us feedback? Click here >
The Taxberg
$31,550
Net pay
$3,178
Tax the employer pays
$11,142
Tax you pay
Total tax paid
$14,320
Did you know your employer also pays tax on your salary? It costs the employer $3,178 to pay you $42,692. 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.
Summary
If you make $42,692 a year living in the region of Ontario, Canada, you will be taxed $11,142. That means that your net pay will be $31,550 per year, or $2,629 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
Tax per region
Region
Net pay
Average tax
Rank
Nunavut
CAD 32,418
24.1%
1
British Columbia
CAD 31,969
25.1%
2
Northwest Territories
CAD 31,662
25.8%
3
Ontario
CAD 31,550
26.1%
4
Yukon
CAD 31,545
26.1%
5
Quebec
CAD 30,968
27.5%
6
Newfoundland and Labrador
CAD 30,343
28.9%
7
New Brunswick
CAD 30,266
29.1%
8
Alberta
CAD 30,031
29.7%
9
Saskatchewan
CAD 29,832
30.1%
10
Nova Scotia
CAD 29,705
30.4%
11
Prince Edward Island
CAD 29,682
30.5%
12
Manitoba
CAD 29,551
30.8%
13
Show more
North America
Country
Net pay
Average tax
Rank
USA
CAD 34,902
18.3%
1
Canada
CAD 31,550
26.1%
2
Asia / Pacific
Country
Net pay
Average tax
Rank
Hong Kong
CAD 39,895
6.6%
1
Taiwan
CAD 38,048
10.9%
2
Thailand
CAD 37,164
13.0%
3
Australia
CAD 36,672
14.1%
4
South Korea
CAD 35,415
17.1%
5
New Zealand
CAD 35,086
17.8%
6
Kazakhstan
CAD 34,216
19.9%
7
Indonesia
CAD 33,790
20.9%
8
Pakistan
CAD 33,544
21.4%
9
Singapore
CAD 33,519
21.5%
10
Japan
CAD 33,046
22.6%
11
Malaysia
CAD 32,795
23.2%
12
Philippines
CAD 31,834
25.4%
13
Vietnam
CAD 30,613
28.3%
14
China
CAD 28,761
32.6%
15
India
CAD 27,475
35.6%
16
Show more
Latin America
Country
Net pay
Average tax
Rank
Guatemala
CAD 38,598
9.6%
1
Puerto Rico
CAD 37,418
12.4%
2
Costa Rica
CAD 37,207
12.9%
3
Ecuador
CAD 36,063
15.5%
4
Panama
CAD 34,597
19.0%
5
Colombia
CAD 34,556
19.1%
6
Chile
CAD 34,113
20.1%
7
Mexico
CAD 32,644
23.5%
8
Peru
CAD 32,538
23.8%
9
Brazil
CAD 31,734
25.7%
10
Uruguay
CAD 30,839
27.8%
11
Argentina
CAD 27,740
35.0%
12
Show more
Africa
Country
Net pay
Average tax
Rank
South Africa
CAD 33,078
22.5%
1
Angola
CAD 31,300
26.7%
2
Mozambique
CAD 30,830
27.8%
3
Kenya
CAD 30,590
28.4%
4
Ghana
CAD 29,630
30.6%
5
Ivory Coast
CAD 29,406
31.1%
6
Nigeria
CAD 29,212
31.6%
7
Morocco
CAD 29,019
32.0%
8
Uganda
CAD 28,159
34.0%
9
Cameroon
CAD 27,710
35.1%
10
Senegal
CAD 27,209
36.3%
11
Zambia
CAD 26,662
37.6%
12
Show more
Middle East
Country
Net pay
Average tax
Rank
United Arab Emirates
CAD 40,557
5.0%
1
Qatar
CAD 40,557
5.0%
2
Bahrain
CAD 39,277
8.0%
3
Oman
CAD 39,277
8.0%
4
Saudi Arabia
CAD 38,423
10.0%
5
Kuwait
CAD 37,996
11.0%
6
Israel
CAD 35,519
16.8%
7
Egypt
CAD 32,404
24.1%
8
Lebanon
CAD 32,283
24.4%
9
Turkey
CAD 25,131
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.