Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$46,200
Federal tax deduction
- $6,262
Provincial tax deduction
- $2,697
CPP deduction
- $2,434
EI deduction
- $730
Total tax
- $12,123
Net pay
* $34,077
Marginal tax rate
32.0%
Average tax rate
26.2%
73.8%
Net pay
26.2%
Total tax
Total tax
Net pay
The Taxberg
$34,077
Net pay
$3,456
Tax the employer pays
$12,123
Tax you pay
Total tax paid
$15,579
Did you know your employer also pays tax on your salary? It costs the employer $3,456 to pay you $46,200. In other words, every time you spend $10 of your hard-earned money, $3.37 goes to the government.
Real tax rate
31.4%
So, with you and the employer both paying tax, what used to be a 26.2% tax rate now rises to 31.4%, meaning your real tax rate is actually 5.2% higher than what it seemed at first.
People also ask
$46,200 yearly is how much per hour?
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What is the average salary in Canada?
Summary
If you make $46,200 a year living in the region of Ontario, Canada, you will be taxed $12,123. That means that your net pay will be $34,077 per year, or $2,840 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
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
$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
$55,500
$56,000
Tax per region
Region
Net pay
Average tax
Rank
Nunavut
CAD 35,037
24.2%
1
British Columbia
CAD 34,513
25.3%
2
Northwest Territories
CAD 34,205
26.0%
3
Ontario
CAD 34,077
26.2%
4
Yukon
CAD 34,102
26.2%
5
Quebec
CAD 33,240
28.1%
6
New Brunswick
CAD 32,657
29.3%
7
Newfoundland and Labrador
CAD 32,621
29.4%
8
Alberta
CAD 32,470
29.7%
9
Saskatchewan
CAD 32,239
30.2%
10
Nova Scotia
CAD 31,968
30.8%
11
Prince Edward Island
CAD 31,987
30.8%
12
Manitoba
CAD 31,896
31.0%
13
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Europe
Country 
Net pay
Average tax
Rank
Switzerland
CAD 40,760
11.8%
1
Russia
CAD 40,194
13.0%
2
Ireland
CAD 39,135
15.3%
3
United Kingdom
CAD 38,324
17.1%
4
France
CAD 38,261
17.2%
5
Hungary
CAD 37,653
18.5%
6
Ukraine
CAD 37,191
19.5%
7
Norway
CAD 36,353
21.3%
8
Luxembourg
CAD 35,993
22.1%
9
Czech Republic
CAD 35,991
22.1%
10
Spain
CAD 35,457
23.3%
11
Austria
CAD 34,587
25.1%
12
Sweden
CAD 32,765
29.1%
13
Greece
CAD 32,274
30.1%
14
Germany
CAD 31,586
31.6%
15
Poland
CAD 31,237
32.4%
16
Denmark
CAD 31,098
32.7%
17
Italy
CAD 30,683
33.6%
18
Finland
CAD 29,724
35.7%
19
Netherlands
CAD 29,073
37.1%
20
Portugal
CAD 28,500
38.3%
21
Romania
CAD 27,027
41.5%
22
Belgium
CAD 24,671
46.6%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 37,498
18.8%
1
Canada
CAD 34,077
26.2%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 42,931
7.1%
1
Taiwan
CAD 41,081
11.1%
2
Thailand
CAD 39,795
13.9%
3
Australia
CAD 38,969
15.7%
4
South Korea
CAD 38,128
17.5%
5
New Zealand
CAD 37,493
18.9%
6
Kazakhstan
CAD 37,057
19.8%
7
Indonesia
CAD 36,277
21.5%
8
Singapore
CAD 36,074
21.9%
9
Pakistan
CAD 35,912
22.3%
10
Japan
CAD 35,437
23.3%
11
Malaysia
CAD 35,069
24.1%
12
Philippines
CAD 34,179
26.0%
13
Vietnam
CAD 32,811
29.0%
14
China
CAD 30,936
33.0%
15
India
CAD 29,468
36.2%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 41,770
9.6%
1
Puerto Rico
CAD 40,167
13.1%
2
Costa Rica
CAD 39,985
13.5%
3
Ecuador
CAD 38,761
16.1%
4
Panama
CAD 37,251
19.4%
5
Colombia
CAD 37,012
19.9%
6
Chile
CAD 36,848
20.2%
7
Peru
CAD 35,086
24.1%
8
Mexico
CAD 35,002
24.2%
9
Brazil
CAD 34,277
25.8%
10
Uruguay
CAD 33,125
28.3%
11
Argentina
CAD 30,020
35.0%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 35,324
23.5%
1
Angola
CAD 33,852
26.7%
2
Mozambique
CAD 33,111
28.3%
3
Kenya
CAD 33,046
28.5%
4
Ghana
CAD 31,951
30.8%
5
Nigeria
CAD 31,598
31.6%
6
Ivory Coast
CAD 31,579
31.7%
7
Morocco
CAD 31,144
32.6%
8
Uganda
CAD 30,387
34.2%
9
Cameroon
CAD 29,846
35.4%
10
Senegal
CAD 29,313
36.6%
11
Zambia
CAD 28,820
37.6%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 43,890
5.0%
1
Qatar
CAD 43,890
5.0%
2
Bahrain
CAD 42,504
8.0%
3
Oman
CAD 42,504
8.0%
4
Saudi Arabia
CAD 41,580
10.0%
5
Kuwait
CAD 41,118
11.0%
6
Israel
CAD 38,051
17.6%
7
Egypt
CAD 35,035
24.2%
8
Lebanon
CAD 34,914
24.4%
9
Turkey
CAD 27,174
41.2%
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.