Income tax calculator Ontario
Find out how much your salary is after tax
Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$45,504
Federal tax deduction
- $6,166
Provincial tax deduction
- $2,621
CPP deduction
- $2,394
EI deduction
- $719
Total tax
- $11,900
Net pay
*
$33,604
Marginal tax rate
32.0%
Average tax rate
26.2%
73.8%
Net pay
26.2%
Total tax
Total tax
Net pay
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The Taxberg
$33,604
Net pay
$3,401
Tax the employer pays
$11,900
Tax you pay
Total tax paid
$15,301
Did you know your employer also pays tax on your salary? It costs the employer $3,401 to pay you $45,504. In other words, every time you spend $10 of your hard-earned money, $3.36 goes to the government.
Real tax rate
31.3%
So, with you and the employer both paying tax, what used to be a 26.2% tax rate now rises to 31.3%, meaning your real tax rate is actually 5.1% higher than what it seemed at first.
Summary
If you make $45,504 a year living in the region of Ontario, Canada, you will be taxed $11,900. That means that your net pay will be $33,604 per year, or $2,800 per month. Your average tax rate is 26.2% 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 $31.97, hence, your net pay will only increase by $68.03.
Bonus Example
A $1,000 bonus will generate an extra $680 of net incomes. A $5,000 bonus will generate an extra $3,402 of net incomes.
Compare average tax
North America
Country
Net pay
Average tax
Rank
USA
CAD 36,983
18.7%
1
Canada
CAD 33,604
26.2%
2
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.