Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$42,828
Federal tax deduction
- $5,793
Provincial tax deduction
- $2,465
CPP deduction
- $2,242
EI deduction
- $677
Total tax
- $11,177
Net pay
* $31,651
Marginal tax rate
25.9%
Average tax rate
26.1%
73.9%
Net pay
26.1%
Total tax
Total tax
Net pay
The Taxberg
$31,651
Net pay
$3,189
Tax the employer pays
$11,177
Tax you pay
Total tax paid
$14,366
Did you know your employer also pays tax on your salary? It costs the employer $3,189 to pay you $42,828. 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
$42,828 yearly is how much per hour?
$21.96 hourly is how much per year?
What is the average salary in Canada?
Summary
If you make $42,828 a year living in the region of Ontario, Canada, you will be taxed $11,177. That means that your net pay will be $31,651 per year, or $2,638 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 $25.88, hence, your net pay will only increase by $74.12.
Bonus Example
A $1,000 bonus will generate an extra $741 of net incomes. A $5,000 bonus will generate an extra $3,706 of net incomes.
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 32,520
24.1%
1
British Columbia
CAD 32,068
25.1%
2
Northwest Territories
CAD 31,762
25.8%
3
Ontario
CAD 31,651
26.1%
4
Yukon
CAD 31,644
26.1%
5
Quebec
CAD 31,057
27.5%
6
Newfoundland and Labrador
CAD 30,431
28.9%
7
New Brunswick
CAD 30,361
29.1%
8
Alberta
CAD 30,125
29.7%
9
Saskatchewan
CAD 29,926
30.1%
10
Nova Scotia
CAD 29,793
30.4%
11
Prince Edward Island
CAD 29,771
30.5%
12
Manitoba
CAD 29,642
30.8%
13
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Europe
Country 
Net pay
Average tax
Rank
Switzerland
CAD 37,973
11.3%
1
Russia
CAD 37,260
13.0%
2
Ireland
CAD 36,724
14.3%
3
United Kingdom
CAD 36,073
15.8%
4
France
CAD 35,899
16.2%
5
Hungary
CAD 34,905
18.5%
6
Ukraine
CAD 34,477
19.5%
7
Norway
CAD 34,127
20.3%
8
Luxembourg
CAD 33,859
20.9%
9
Czech Republic
CAD 33,496
21.8%
10
Spain
CAD 33,252
22.4%
11
Austria
CAD 32,794
23.4%
12
Sweden
CAD 30,498
28.8%
13
Greece
CAD 30,191
29.5%
14
Germany
CAD 29,723
30.6%
15
Italy
CAD 29,203
31.8%
16
Poland
CAD 29,084
32.1%
17
Denmark
CAD 28,789
32.8%
18
Finland
CAD 27,871
34.9%
19
Netherlands
CAD 26,951
37.1%
20
Portugal
CAD 26,746
37.6%
21
Romania
CAD 25,054
41.5%
22
Belgium
CAD 23,648
44.8%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 35,003
18.3%
1
Canada
CAD 31,651
26.1%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 40,013
6.6%
1
Taiwan
CAD 38,166
10.9%
2
Thailand
CAD 37,266
13.0%
3
Australia
CAD 36,761
14.2%
4
South Korea
CAD 35,520
17.1%
5
New Zealand
CAD 35,179
17.9%
6
Kazakhstan
CAD 34,326
19.9%
7
Indonesia
CAD 33,889
20.9%
8
Pakistan
CAD 33,636
21.5%
9
Singapore
CAD 33,618
21.5%
10
Japan
CAD 33,139
22.6%
11
Malaysia
CAD 32,883
23.2%
12
Philippines
CAD 31,926
25.5%
13
Vietnam
CAD 30,698
28.3%
14
China
CAD 28,846
32.7%
15
India
CAD 27,552
35.7%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 38,721
9.6%
1
Puerto Rico
CAD 37,525
12.4%
2
Costa Rica
CAD 37,317
12.9%
3
Ecuador
CAD 36,168
15.6%
4
Panama
CAD 34,700
19.0%
5
Colombia
CAD 34,652
19.1%
6
Chile
CAD 34,216
20.1%
7
Mexico
CAD 32,735
23.6%
8
Peru
CAD 32,637
23.8%
9
Brazil
CAD 31,833
25.7%
10
Uruguay
CAD 30,938
27.8%
11
Argentina
CAD 27,829
35.0%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 33,165
22.6%
1
Angola
CAD 31,399
26.7%
2
Mozambique
CAD 30,919
27.8%
3
Kenya
CAD 30,685
28.4%
4
Ghana
CAD 29,720
30.6%
5
Ivory Coast
CAD 29,490
31.1%
6
Nigeria
CAD 29,305
31.6%
7
Morocco
CAD 29,101
32.1%
8
Uganda
CAD 28,248
34.0%
9
Cameroon
CAD 27,793
35.1%
10
Senegal
CAD 27,290
36.3%
11
Zambia
CAD 26,746
37.6%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 40,687
5.0%
1
Qatar
CAD 40,687
5.0%
2
Bahrain
CAD 39,402
8.0%
3
Oman
CAD 39,402
8.0%
4
Saudi Arabia
CAD 38,545
10.0%
5
Kuwait
CAD 38,117
11.0%
6
Israel
CAD 35,618
16.8%
7
Egypt
CAD 32,506
24.1%
8
Lebanon
CAD 32,385
24.4%
9
Turkey
CAD 25,210
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.