Income Tax Calculator Ontario

Find out how much your salary is after tax

Enter your gross income

Salary rate

Withholding

Salary $45,000

EI deduction - $711

CPP deduction - $2,366

Federal tax deduction - $6,095

Provincial tax deduction - $2,567

Total tax - $11,739

Net pay * $33,261

Marginal tax rate 32.0%

Average tax rate 26.1%

26.1%Total tax

73.9%

Net pay

The Taxberg

$33,261

Net pay

$3,361

Tax the employer pays

$11,739

Tax you pay

Total tax paid

$15,100

Did you know your employer also pays tax on your salary? It costs the employer $3,361 to pay you $45,000. In other words, every time you spend $10 of your hard-earned money, $3.36 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 $45,000 a year living in the region of Ontario, Canada, you will be taxed $11,739. That means that your net pay will be $33,261 per year, or $2,772 per month. Your average tax rate is 26.1% and your marginal tax rate is 32.0%. 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 $32, hence, your net pay will only increase by $68.

Bonus Example

A $1,000 bonus will generate an extra $680 of net incomes. A $5,000 bonus will generate an extra $3,400 of net incomes.

Province

AlbertaBritish ColumbiaManitobaNew BrunswickNewfoundland and LabradorNorthwest TerritoriesNova ScotiaNunavutOntarioPrince Edward IslandQuebecSaskatchewanYukon

Tax per income

$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$52,500$53,000$53,500$54,000$54,500$55,000

Tax per region

Country	Net pay	Average tax	Rank
Nunavut	CAD 34,151	24.1%	1
British Columbia	CAD 33,656	25.2%	2
Northwest Territories	CAD 33,355	25.9%	3
Nova Scotia	CAD 31,194	30.7%	11
Prince Edward Island	CAD 31,199	30.7%	12
Manitoba	CAD 31,094	30.9%	13

NOTE* Withholding is calculated based on the Ontario tables of CA, 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.