Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$46,259
Federal tax deduction
- $6,271
Provincial tax deduction
- $2,703
CPP deduction
- $2,437
EI deduction
- $731
Total tax
- $12,142
Net pay
* $34,117
Marginal tax rate
32.0%
Average tax rate
26.2%
73.8%
Net pay
26.2%
Total tax
Total tax
Net pay
The Taxberg
$34,117
Net pay
$3,461
Tax the employer pays
$12,142
Tax you pay
Total tax paid
$15,602
Did you know your employer also pays tax on your salary? It costs the employer $3,461 to pay you $46,259. 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
$46,259 yearly is how much per hour?
$23.72 hourly is how much per year?
What is the average salary in Canada?
Summary
If you make $46,259 a year living in the region of Ontario, Canada, you will be taxed $12,142. That means that your net pay will be $34,117 per year, or $2,843 per month. Your average tax rate is 26.3% 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 $31.98, hence, your net pay will only increase by $68.02.
Bonus Example
A $1,000 bonus will generate an extra $680 of net incomes. A $5,000 bonus will generate an extra $3,401 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 35,081
24.2%
1
British Columbia
CAD 34,556
25.3%
2
Northwest Territories
CAD 34,247
26.0%
3
Ontario
CAD 34,117
26.2%
4
Yukon
CAD 34,145
26.2%
5
Quebec
CAD 33,277
28.1%
6
New Brunswick
CAD 32,696
29.3%
7
Newfoundland and Labrador
CAD 32,659
29.4%
8
Alberta
CAD 32,511
29.7%
9
Saskatchewan
CAD 32,279
30.2%
10
Nova Scotia
CAD 32,006
30.8%
11
Prince Edward Island
CAD 32,026
30.8%
12
Manitoba
CAD 31,935
31.0%
13
Show more
Europe
Country 
Net pay
Average tax
Rank
Switzerland
CAD 40,808
11.8%
1
Russia
CAD 40,245
13.0%
2
Ireland
CAD 39,177
15.3%
3
United Kingdom
CAD 38,363
17.1%
4
France
CAD 38,299
17.2%
5
Hungary
CAD 37,701
18.5%
6
Ukraine
CAD 37,238
19.5%
7
Norway
CAD 36,392
21.3%
8
Czech Republic
CAD 36,035
22.1%
9
Luxembourg
CAD 36,029
22.1%
10
Spain
CAD 35,495
23.3%
11
Austria
CAD 34,619
25.2%
12
Sweden
CAD 32,805
29.1%
13
Greece
CAD 32,311
30.2%
14
Germany
CAD 31,618
31.7%
15
Poland
CAD 31,275
32.4%
16
Denmark
CAD 31,138
32.7%
17
Italy
CAD 30,709
33.6%
18
Finland
CAD 29,754
35.7%
19
Netherlands
CAD 29,111
37.1%
20
Portugal
CAD 28,531
38.3%
21
Romania
CAD 27,062
41.5%
22
Belgium
CAD 24,689
46.6%
23
Show more
North America
Country 
Net pay
Average tax
Rank
USA
CAD 37,541
18.9%
1
Canada
CAD 34,117
26.3%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 42,982
7.1%
1
Taiwan
CAD 41,132
11.1%
2
Thailand
CAD 39,840
13.9%
3
Australia
CAD 39,008
15.7%
4
South Korea
CAD 38,173
17.5%
5
New Zealand
CAD 37,533
18.9%
6
Kazakhstan
CAD 37,105
19.8%
7
Indonesia
CAD 36,318
21.5%
8
Singapore
CAD 36,117
21.9%
9
Pakistan
CAD 35,952
22.3%
10
Japan
CAD 35,477
23.3%
11
Malaysia
CAD 35,107
24.1%
12
Philippines
CAD 34,218
26.0%
13
Vietnam
CAD 32,847
29.0%
14
China
CAD 30,973
33.0%
15
India
CAD 29,501
36.2%
16
Show more
Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 41,823
9.6%
1
Puerto Rico
CAD 40,213
13.1%
2
Costa Rica
CAD 40,030
13.5%
3
Ecuador
CAD 38,806
16.1%
4
Panama
CAD 37,295
19.4%
5
Colombia
CAD 37,053
19.9%
6
Chile
CAD 36,899
20.2%
7
Peru
CAD 35,129
24.1%
8
Mexico
CAD 35,042
24.3%
9
Brazil
CAD 34,320
25.8%
10
Uruguay
CAD 33,161
28.3%
11
Argentina
CAD 30,059
35.0%
12
Show more
Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 35,361
23.6%
1
Angola
CAD 33,895
26.7%
2
Mozambique
CAD 33,149
28.3%
3
Kenya
CAD 33,087
28.5%
4
Ghana
CAD 31,990
30.9%
5
Nigeria
CAD 31,638
31.6%
6
Ivory Coast
CAD 31,615
31.7%
7
Morocco
CAD 31,180
32.6%
8
Uganda
CAD 30,419
34.2%
9
Cameroon
CAD 29,882
35.4%
10
Senegal
CAD 29,349
36.6%
11
Zambia
CAD 28,856
37.6%
12
Show more
Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 43,946
5.0%
1
Qatar
CAD 43,946
5.0%
2
Bahrain
CAD 42,558
8.0%
3
Oman
CAD 42,558
8.0%
4
Saudi Arabia
CAD 41,633
10.0%
5
Kuwait
CAD 41,171
11.0%
6
Israel
CAD 38,094
17.7%
7
Egypt
CAD 35,079
24.2%
8
Lebanon
CAD 34,958
24.4%
9
Turkey
CAD 27,209
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.