Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$42,756
Federal tax deduction
- $5,783
Provincial tax deduction
- $2,462
CPP deduction
- $2,238
EI deduction
- $676
Total tax
- $11,159
Net pay
* $31,597
Marginal tax rate
25.9%
Average tax rate
26.1%
73.9%
Net pay
26.1%
Total tax
Total tax
Net pay
The Taxberg
$31,597
Net pay
$3,183
Tax the employer pays
$11,159
Tax you pay
Total tax paid
$14,342
Did you know your employer also pays tax on your salary? It costs the employer $3,183 to pay you $42,756. 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
$42,756 yearly is how much per hour?
$21.93 hourly is how much per year?
What is the average salary in Canada?
Summary
If you make $42,756 a year living in the region of Ontario, Canada, you will be taxed $11,159. That means that your net pay will be $31,597 per year, or $2,633 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 32,466
24.1%
1
British Columbia
CAD 32,015
25.1%
2
Northwest Territories
CAD 31,709
25.8%
3
Ontario
CAD 31,597
26.1%
4
Yukon
CAD 31,592
26.1%
5
Quebec
CAD 31,010
27.5%
6
Newfoundland and Labrador
CAD 30,384
28.9%
7
New Brunswick
CAD 30,311
29.1%
8
Alberta
CAD 30,075
29.7%
9
Saskatchewan
CAD 29,876
30.1%
10
Nova Scotia
CAD 29,747
30.4%
11
Prince Edward Island
CAD 29,724
30.5%
12
Manitoba
CAD 29,594
30.8%
13
Show more
Europe
Country 
Net pay
Average tax
Rank
Switzerland
CAD 37,913
11.3%
1
Russia
CAD 37,198
13.0%
2
Ireland
CAD 36,672
14.2%
3
United Kingdom
CAD 36,025
15.7%
4
France
CAD 35,844
16.2%
5
Hungary
CAD 34,846
18.5%
6
Ukraine
CAD 34,419
19.5%
7
Norway
CAD 34,080
20.3%
8
Luxembourg
CAD 33,812
20.9%
9
Czech Republic
CAD 33,443
21.8%
10
Spain
CAD 33,205
22.3%
11
Austria
CAD 32,757
23.4%
12
Sweden
CAD 30,449
28.8%
13
Greece
CAD 30,146
29.5%
14
Germany
CAD 29,683
30.6%
15
Italy
CAD 29,172
31.8%
16
Poland
CAD 29,038
32.1%
17
Denmark
CAD 28,740
32.8%
18
Finland
CAD 27,828
34.9%
19
Netherlands
CAD 26,906
37.1%
20
Portugal
CAD 26,709
37.5%
21
Romania
CAD 25,012
41.5%
22
Belgium
CAD 23,627
44.7%
23
Show more
North America
Country 
Net pay
Average tax
Rank
USA
CAD 34,950
18.3%
1
Canada
CAD 31,597
26.1%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 39,950
6.6%
1
Taiwan
CAD 38,104
10.9%
2
Thailand
CAD 37,212
13.0%
3
Australia
CAD 36,714
14.1%
4
South Korea
CAD 35,464
17.1%
5
New Zealand
CAD 35,130
17.8%
6
Kazakhstan
CAD 34,268
19.9%
7
Indonesia
CAD 33,836
20.9%
8
Pakistan
CAD 33,587
21.4%
9
Singapore
CAD 33,566
21.5%
10
Japan
CAD 33,090
22.6%
11
Malaysia
CAD 32,836
23.2%
12
Philippines
CAD 31,877
25.4%
13
Vietnam
CAD 30,653
28.3%
14
China
CAD 28,801
32.6%
15
India
CAD 27,511
35.7%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 38,656
9.6%
1
Puerto Rico
CAD 37,468
12.4%
2
Costa Rica
CAD 37,259
12.9%
3
Ecuador
CAD 36,112
15.5%
4
Panama
CAD 34,645
19.0%
5
Colombia
CAD 34,601
19.1%
6
Chile
CAD 34,161
20.1%
7
Mexico
CAD 32,687
23.6%
8
Peru
CAD 32,584
23.8%
9
Brazil
CAD 31,781
25.7%
10
Uruguay
CAD 30,886
27.8%
11
Argentina
CAD 27,782
35.0%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 33,119
22.5%
1
Angola
CAD 31,346
26.7%
2
Mozambique
CAD 30,872
27.8%
3
Kenya
CAD 30,635
28.4%
4
Ghana
CAD 29,673
30.6%
5
Ivory Coast
CAD 29,446
31.1%
6
Nigeria
CAD 29,256
31.6%
7
Morocco
CAD 29,057
32.0%
8
Uganda
CAD 28,201
34.0%
9
Cameroon
CAD 27,749
35.1%
10
Senegal
CAD 27,247
36.3%
11
Zambia
CAD 26,702
37.6%
12
Show more
Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 40,618
5.0%
1
Qatar
CAD 40,618
5.0%
2
Bahrain
CAD 39,336
8.0%
3
Oman
CAD 39,336
8.0%
4
Saudi Arabia
CAD 38,480
10.0%
5
Kuwait
CAD 38,053
11.0%
6
Israel
CAD 35,566
16.8%
7
Egypt
CAD 32,452
24.1%
8
Lebanon
CAD 32,331
24.4%
9
Turkey
CAD 25,168
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.