Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$46,750
Federal tax deduction
- $6,339
Provincial tax deduction
- $2,756
CPP deduction
- $2,465
EI deduction
- $739
Total tax
- $12,299
Net pay
* $34,451
Marginal tax rate
32.0%
Average tax rate
26.3%
73.7%
Net pay
26.3%
Total tax
Total tax
Net pay
The Taxberg
$34,451
Net pay
$3,499
Tax the employer pays
$12,299
Tax you pay
Total tax paid
$15,798
Did you know your employer also pays tax on your salary? It costs the employer $3,499 to pay you $46,750. 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
$46,750 yearly is how much per hour?
$23.97 hourly is how much per year?
What is the average salary in Canada?
Summary
If you make $46,750 a year living in the region of Ontario, Canada, you will be taxed $12,299. That means that your net pay will be $34,451 per year, or $2,871 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
Tax per region
Region
Net pay
Average tax
Rank
Nunavut
CAD 35,443
24.2%
1
British Columbia
CAD 34,907
25.3%
2
Northwest Territories
CAD 34,595
26.0%
3
Yukon
CAD 34,503
26.2%
4
Ontario
CAD 34,451
26.3%
5
Quebec
CAD 33,587
28.2%
6
New Brunswick
CAD 33,013
29.4%
7
Newfoundland and Labrador
CAD 32,978
29.5%
8
Alberta
CAD 32,853
29.7%
9
Saskatchewan
CAD 32,612
30.2%
10
Prince Edward Island
CAD 32,349
30.8%
11
Nova Scotia
CAD 32,323
30.9%
12
Manitoba
CAD 32,264
31.0%
13
Show more
Europe
Country 
Net pay
Average tax
Rank
Switzerland
CAD 41,214
11.8%
1
Russia
CAD 40,672
13.0%
2
Ireland
CAD 39,528
15.5%
3
United Kingdom
CAD 38,691
17.2%
4
France
CAD 38,609
17.4%
5
Hungary
CAD 38,101
18.5%
6
Ukraine
CAD 37,634
19.5%
7
Norway
CAD 36,716
21.5%
8
Czech Republic
CAD 36,398
22.1%
9
Luxembourg
CAD 36,326
22.3%
10
Spain
CAD 35,815
23.4%
11
Austria
CAD 34,885
25.4%
12
Sweden
CAD 33,135
29.1%
13
Greece
CAD 32,614
30.2%
14
Germany
CAD 31,886
31.8%
15
Poland
CAD 31,541
32.5%
16
Denmark
CAD 31,475
32.7%
17
Italy
CAD 30,932
33.8%
18
Finland
CAD 30,003
35.8%
19
Netherlands
CAD 29,420
37.1%
20
Portugal
CAD 28,786
38.4%
21
Romania
CAD 27,349
41.5%
22
Belgium
CAD 24,838
46.9%
23
Show more
North America
Country 
Net pay
Average tax
Rank
USA
CAD 37,905
18.9%
1
Canada
CAD 34,451
26.3%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 43,407
7.2%
1
Taiwan
CAD 41,557
11.1%
2
Thailand
CAD 40,208
14.0%
3
Australia
CAD 39,330
15.9%
4
South Korea
CAD 38,553
17.5%
5
New Zealand
CAD 37,870
19.0%
6
Kazakhstan
CAD 37,503
19.8%
7
Indonesia
CAD 36,656
21.6%
8
Singapore
CAD 36,475
22.0%
9
Pakistan
CAD 36,283
22.4%
10
Japan
CAD 35,812
23.4%
11
Malaysia
CAD 35,428
24.2%
12
Philippines
CAD 34,545
26.1%
13
Vietnam
CAD 33,155
29.1%
14
China
CAD 31,277
33.1%
15
India
CAD 29,780
36.3%
16
Show more
Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 42,267
9.6%
1
Puerto Rico
CAD 40,598
13.2%
2
Costa Rica
CAD 40,409
13.6%
3
Ecuador
CAD 39,184
16.2%
4
Panama
CAD 37,667
19.4%
5
Colombia
CAD 37,397
20.0%
6
Chile
CAD 37,328
20.2%
7
Peru
CAD 35,485
24.1%
8
Mexico
CAD 35,372
24.3%
9
Brazil
CAD 34,676
25.8%
10
Uruguay
CAD 33,459
28.4%
11
Argentina
CAD 30,378
35.0%
12
Show more
Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 35,676
23.7%
1
Angola
CAD 34,252
26.7%
2
Mozambique
CAD 33,468
28.4%
3
Kenya
CAD 33,431
28.5%
4
Ghana
CAD 32,315
30.9%
5
Nigeria
CAD 31,972
31.6%
6
Ivory Coast
CAD 31,919
31.7%
7
Morocco
CAD 31,478
32.7%
8
Uganda
CAD 30,689
34.4%
9
Cameroon
CAD 30,181
35.4%
10
Senegal
CAD 29,643
36.6%
11
Zambia
CAD 29,158
37.6%
12
Show more
Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 44,412
5.0%
1
Qatar
CAD 44,413
5.0%
2
Bahrain
CAD 43,010
8.0%
3
Oman
CAD 43,010
8.0%
4
Saudi Arabia
CAD 42,075
10.0%
5
Kuwait
CAD 41,607
11.0%
6
Israel
CAD 38,448
17.8%
7
Egypt
CAD 35,447
24.2%
8
Lebanon
CAD 35,326
24.4%
9
Turkey
CAD 27,495
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.