Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$42,885
Federal tax deduction
- $5,801
Provincial tax deduction
- $2,468
CPP deduction
- $2,245
EI deduction
- $678
Total tax
- $11,192
Net pay
* $31,693
Marginal tax rate
25.9%
Average tax rate
26.1%
73.9%
Net pay
26.1%
Total tax
Total tax
Net pay
The Taxberg
$31,693
Net pay
$3,194
Tax the employer pays
$11,192
Tax you pay
Total tax paid
$14,386
Did you know your employer also pays tax on your salary? It costs the employer $3,194 to pay you $42,885. 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
$42,885 yearly is how much per hour?
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What is the average salary in Canada?
Summary
If you make $42,885 a year living in the region of Ontario, Canada, you will be taxed $11,192. That means that your net pay will be $31,693 per year, or $2,641 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
Europe
Country 
Net pay
Average tax
Rank
Switzerland
CAD 38,020
11.3%
1
Russia
CAD 37,310
13.0%
2
Ireland
CAD 36,764
14.3%
3
United Kingdom
CAD 36,111
15.8%
4
France
CAD 35,943
16.2%
5
Hungary
CAD 34,951
18.5%
6
Ukraine
CAD 34,522
19.5%
7
Norway
CAD 34,165
20.3%
8
Luxembourg
CAD 33,897
21.0%
9
Czech Republic
CAD 33,538
21.8%
10
Spain
CAD 33,289
22.4%
11
Austria
CAD 32,824
23.5%
12
Sweden
CAD 30,536
28.8%
13
Greece
CAD 30,226
29.5%
14
Germany
CAD 29,755
30.6%
15
Italy
CAD 29,227
31.9%
16
Poland
CAD 29,120
32.1%
17
Denmark
CAD 28,828
32.8%
18
Finland
CAD 27,904
34.9%
19
Netherlands
CAD 26,987
37.1%
20
Portugal
CAD 26,776
37.6%
21
Romania
CAD 25,088
41.5%
22
Belgium
CAD 23,666
44.8%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 35,045
18.3%
1
Canada
CAD 31,693
26.1%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 40,062
6.6%
1
Taiwan
CAD 38,215
10.9%
2
Thailand
CAD 37,309
13.0%
3
Australia
CAD 36,798
14.2%
4
South Korea
CAD 35,564
17.1%
5
New Zealand
CAD 35,218
17.9%
6
Kazakhstan
CAD 34,372
19.9%
7
Indonesia
CAD 33,930
20.9%
8
Pakistan
CAD 33,674
21.5%
9
Singapore
CAD 33,660
21.5%
10
Japan
CAD 33,178
22.6%
11
Malaysia
CAD 32,920
23.2%
12
Philippines
CAD 31,964
25.5%
13
Vietnam
CAD 30,734
28.3%
14
China
CAD 28,881
32.7%
15
India
CAD 27,585
35.7%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 38,773
9.6%
1
Puerto Rico
CAD 37,570
12.4%
2
Costa Rica
CAD 37,363
12.9%
3
Ecuador
CAD 36,212
15.6%
4
Panama
CAD 34,743
19.0%
5
Colombia
CAD 34,691
19.1%
6
Chile
CAD 34,259
20.1%
7
Mexico
CAD 32,774
23.6%
8
Peru
CAD 32,678
23.8%
9
Brazil
CAD 31,874
25.7%
10
Uruguay
CAD 30,979
27.8%
11
Argentina
CAD 27,866
35.0%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 33,202
22.6%
1
Angola
CAD 31,440
26.7%
2
Mozambique
CAD 30,956
27.8%
3
Kenya
CAD 30,725
28.4%
4
Ghana
CAD 29,758
30.6%
5
Ivory Coast
CAD 29,526
31.2%
6
Nigeria
CAD 29,344
31.6%
7
Morocco
CAD 29,136
32.1%
8
Uganda
CAD 28,285
34.1%
9
Cameroon
CAD 27,827
35.1%
10
Senegal
CAD 27,324
36.3%
11
Zambia
CAD 26,781
37.6%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 40,741
5.0%
1
Qatar
CAD 40,741
5.0%
2
Bahrain
CAD 39,454
8.0%
3
Oman
CAD 39,454
8.0%
4
Saudi Arabia
CAD 38,596
10.0%
5
Kuwait
CAD 38,168
11.0%
6
Israel
CAD 35,659
16.9%
7
Egypt
CAD 32,549
24.1%
8
Lebanon
CAD 32,427
24.4%
9
Turkey
CAD 25,244
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.