Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$47,255
Federal tax deduction
- $6,409
Provincial tax deduction
- $2,810
CPP deduction
- $2,494
EI deduction
- $747
Total tax
- $12,460
Net pay
* $34,795
Marginal tax rate
32.0%
Average tax rate
26.4%
73.6%
Net pay
26.4%
Total tax
Total tax
Net pay
The Taxberg
$34,795
Net pay
$3,539
Tax the employer pays
$12,460
Tax you pay
Total tax paid
$15,999
Did you know your employer also pays tax on your salary? It costs the employer $3,539 to pay you $47,255. In other words, every time you spend $10 of your hard-earned money, $3.39 goes to the government.
Real tax rate
31.5%
So, with you and the employer both paying tax, what used to be a 26.4% tax rate now rises to 31.5%, meaning your real tax rate is actually 5.1% higher than what it seemed at first.
People also ask
$47,255 yearly is how much per hour?
$24.23 hourly is how much per year?
What is the average salary in Canada?
Summary
If you make $47,255 a year living in the region of Ontario, Canada, you will be taxed $12,460. That means that your net pay will be $34,795 per year, or $2,900 per month. Your average tax rate is 26.4% 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
$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
$56,500
$57,000
Tax per region
Region
Net pay
Average tax
Rank
Nunavut
CAD 35,816
24.2%
1
British Columbia
CAD 35,268
25.4%
2
Northwest Territories
CAD 34,953
26.0%
3
Yukon
CAD 34,871
26.2%
4
Ontario
CAD 34,795
26.4%
5
Quebec
CAD 33,906
28.2%
6
New Brunswick
CAD 33,340
29.4%
7
Newfoundland and Labrador
CAD 33,306
29.5%
8
Alberta
CAD 33,204
29.7%
9
Saskatchewan
CAD 32,954
30.3%
10
Prince Edward Island
CAD 32,681
30.8%
11
Nova Scotia
CAD 32,648
30.9%
12
Manitoba
CAD 32,601
31.0%
13
Show more
Europe
Country 
Net pay
Average tax
Rank
Switzerland
CAD 41,631
11.9%
1
Russia
CAD 41,112
13.0%
2
Ireland
CAD 39,889
15.6%
3
United Kingdom
CAD 39,028
17.4%
4
France
CAD 38,929
17.6%
5
Hungary
CAD 38,513
18.5%
6
Ukraine
CAD 38,040
19.5%
7
Norway
CAD 37,049
21.6%
8
Czech Republic
CAD 36,772
22.2%
9
Luxembourg
CAD 36,632
22.5%
10
Spain
CAD 36,145
23.5%
11
Austria
CAD 35,159
25.6%
12
Sweden
CAD 33,476
29.2%
13
Greece
CAD 32,926
30.3%
14
Germany
CAD 32,161
31.9%
15
Denmark
CAD 31,818
32.7%
16
Poland
CAD 31,810
32.7%
17
Italy
CAD 31,161
34.1%
18
Finland
CAD 30,260
36.0%
19
Netherlands
CAD 29,737
37.1%
20
Portugal
CAD 29,049
38.5%
21
Romania
CAD 27,644
41.5%
22
Belgium
CAD 24,992
47.1%
23
Show more
North America
Country 
Net pay
Average tax
Rank
USA
CAD 38,278
19.0%
1
Canada
CAD 34,795
26.4%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 43,844
7.2%
1
Taiwan
CAD 41,993
11.1%
2
Thailand
CAD 40,587
14.1%
3
Australia
CAD 39,660
16.1%
4
South Korea
CAD 38,942
17.6%
5
New Zealand
CAD 38,217
19.1%
6
Kazakhstan
CAD 37,912
19.8%
7
Indonesia
CAD 37,004
21.7%
8
Singapore
CAD 36,844
22.0%
9
Pakistan
CAD 36,624
22.5%
10
Japan
CAD 36,156
23.5%
11
Malaysia
CAD 35,757
24.3%
12
Philippines
CAD 34,881
26.2%
13
Vietnam
CAD 33,471
29.2%
14
China
CAD 31,591
33.2%
15
India
CAD 30,067
36.4%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 42,724
9.6%
1
Puerto Rico
CAD 40,993
13.3%
2
Costa Rica
CAD 40,798
13.7%
3
Ecuador
CAD 39,572
16.3%
4
Panama
CAD 38,049
19.5%
5
Chile
CAD 37,769
20.1%
6
Colombia
CAD 37,750
20.1%
7
Peru
CAD 35,852
24.1%
8
Mexico
CAD 35,711
24.4%
9
Brazil
CAD 35,042
25.8%
10
Uruguay
CAD 33,766
28.6%
11
Argentina
CAD 30,706
35.0%
12
Show more
Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 35,999
23.8%
1
Angola
CAD 34,619
26.7%
2
Mozambique
CAD 33,796
28.5%
3
Kenya
CAD 33,784
28.5%
4
Ghana
CAD 32,649
30.9%
5
Nigeria
CAD 32,316
31.6%
6
Ivory Coast
CAD 32,232
31.8%
7
Morocco
CAD 31,784
32.7%
8
Uganda
CAD 30,967
34.5%
9
Cameroon
CAD 30,488
35.5%
10
Senegal
CAD 29,946
36.6%
11
Zambia
CAD 29,469
37.6%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 44,892
5.0%
1
Qatar
CAD 44,892
5.0%
2
Bahrain
CAD 43,475
8.0%
3
Oman
CAD 43,475
8.0%
4
Saudi Arabia
CAD 42,530
10.0%
5
Kuwait
CAD 42,057
11.0%
6
Israel
CAD 38,813
17.9%
7
Egypt
CAD 35,826
24.2%
8
Lebanon
CAD 35,705
24.4%
9
Turkey
CAD 27,789
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.