Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$46,501
Federal tax deduction
- $6,304
Provincial tax deduction
- $2,729
CPP deduction
- $2,451
EI deduction
- $735
Total tax
- $12,219
Net pay
* $34,282
Marginal tax rate
32.0%
Average tax rate
26.3%
73.7%
Net pay
26.3%
Total tax
Total tax
Net pay
The Taxberg
$34,282
Net pay
$3,480
Tax the employer pays
$12,219
Tax you pay
Total tax paid
$15,699
Did you know your employer also pays tax on your salary? It costs the employer $3,480 to pay you $46,501. In other words, every time you spend $10 of your hard-earned money, $3.38 goes to the government.
Real tax rate
31.4%
So, with you and the employer both paying tax, what used to be a 26.3% tax rate now rises to 31.4%, meaning your real tax rate is actually 5.1% higher than what it seemed at first.
People also ask
$46,501 yearly is how much per hour?
$23.85 hourly is how much per year?
What is the average salary in Canada?
Summary
If you make $46,501 a year living in the region of Ontario, Canada, you will be taxed $12,219. That means that your net pay will be $34,282 per year, or $2,857 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 $31.97, 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
Europe
Country 
Net pay
Average tax
Rank
Switzerland
CAD 41,008
11.8%
1
Russia
CAD 40,456
13.0%
2
Ireland
CAD 39,350
15.4%
3
United Kingdom
CAD 38,525
17.2%
4
France
CAD 38,452
17.3%
5
Hungary
CAD 37,898
18.5%
6
Ukraine
CAD 37,433
19.5%
7
Norway
CAD 36,551
21.4%
8
Czech Republic
CAD 36,214
22.1%
9
Luxembourg
CAD 36,175
22.2%
10
Spain
CAD 35,653
23.3%
11
Austria
CAD 34,750
25.3%
12
Sweden
CAD 32,968
29.1%
13
Greece
CAD 32,460
30.2%
14
Germany
CAD 31,750
31.7%
15
Poland
CAD 31,408
32.5%
16
Denmark
CAD 31,304
32.7%
17
Italy
CAD 30,819
33.7%
18
Finland
CAD 29,877
35.8%
19
Netherlands
CAD 29,263
37.1%
20
Portugal
CAD 28,657
38.4%
21
Romania
CAD 27,203
41.5%
22
Belgium
CAD 24,763
46.8%
23
Show more
North America
Country 
Net pay
Average tax
Rank
USA
CAD 37,721
18.9%
1
Canada
CAD 34,282
26.3%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 43,191
7.1%
1
Taiwan
CAD 41,341
11.1%
2
Thailand
CAD 40,021
13.9%
3
Australia
CAD 39,166
15.8%
4
South Korea
CAD 38,360
17.5%
5
New Zealand
CAD 37,699
18.9%
6
Kazakhstan
CAD 37,301
19.8%
7
Indonesia
CAD 36,484
21.5%
8
Singapore
CAD 36,294
22.0%
9
Pakistan
CAD 36,115
22.3%
10
Japan
CAD 35,642
23.4%
11
Malaysia
CAD 35,265
24.2%
12
Philippines
CAD 34,379
26.1%
13
Vietnam
CAD 32,999
29.0%
14
China
CAD 31,123
33.1%
15
India
CAD 29,639
36.3%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 42,042
9.6%
1
Puerto Rico
CAD 40,403
13.1%
2
Costa Rica
CAD 40,217
13.5%
3
Ecuador
CAD 38,993
16.2%
4
Panama
CAD 37,478
19.4%
5
Colombia
CAD 37,222
20.0%
6
Chile
CAD 37,111
20.2%
7
Peru
CAD 35,304
24.1%
8
Mexico
CAD 35,205
24.3%
9
Brazil
CAD 34,496
25.8%
10
Uruguay
CAD 33,308
28.4%
11
Argentina
CAD 30,216
35.0%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 35,516
23.6%
1
Angola
CAD 34,071
26.7%
2
Mozambique
CAD 33,306
28.4%
3
Kenya
CAD 33,256
28.5%
4
Ghana
CAD 32,150
30.9%
5
Nigeria
CAD 31,803
31.6%
6
Ivory Coast
CAD 31,765
31.7%
7
Morocco
CAD 31,327
32.6%
8
Uganda
CAD 30,552
34.3%
9
Cameroon
CAD 30,029
35.4%
10
Senegal
CAD 29,494
36.6%
11
Zambia
CAD 29,005
37.6%
12
Show more
Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 44,176
5.0%
1
Qatar
CAD 44,176
5.0%
2
Bahrain
CAD 42,781
8.0%
3
Oman
CAD 42,781
8.0%
4
Saudi Arabia
CAD 41,851
10.0%
5
Kuwait
CAD 41,386
11.0%
6
Israel
CAD 38,268
17.7%
7
Egypt
CAD 35,261
24.2%
8
Lebanon
CAD 35,139
24.4%
9
Turkey
CAD 27,350
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.