Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$47,915
Federal tax deduction
- $6,501
Provincial tax deduction
- $2,881
CPP deduction
- $2,532
EI deduction
- $757
Total tax
- $12,671
Net pay
* $35,244
Marginal tax rate
32.0%
Average tax rate
26.4%
73.6%
Net pay
26.4%
Total tax
Total tax
Net pay
The Taxberg
$35,244
Net pay
$3,592
Tax the employer pays
$12,671
Tax you pay
Total tax paid
$16,263
Did you know your employer also pays tax on your salary? It costs the employer $3,592 to pay you $47,915. In other words, every time you spend $10 of your hard-earned money, $3.39 goes to the government.
Real tax rate
31.6%
So, with you and the employer both paying tax, what used to be a 26.4% tax rate now rises to 31.6%, meaning your real tax rate is actually 5.2% higher than what it seemed at first.
People also ask
$47,915 yearly is how much per hour?
$24.57 hourly is how much per year?
What is the average salary in Canada?
Summary
If you make $47,915 a year living in the region of Ontario, Canada, you will be taxed $12,671. That means that your net pay will be $35,244 per year, or $2,937 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 36,303
24.2%
1
British Columbia
CAD 35,739
25.4%
2
Northwest Territories
CAD 35,421
26.1%
3
Yukon
CAD 35,352
26.2%
4
Ontario
CAD 35,244
26.4%
5
Quebec
CAD 34,322
28.4%
6
New Brunswick
CAD 33,767
29.5%
7
Newfoundland and Labrador
CAD 33,735
29.6%
8
Alberta
CAD 33,663
29.7%
9
Saskatchewan
CAD 33,402
30.3%
10
Prince Edward Island
CAD 33,114
30.9%
11
Manitoba
CAD 33,042
31.0%
12
Nova Scotia
CAD 33,074
31.0%
13
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Europe
Country 
Net pay
Average tax
Rank
Switzerland
CAD 42,154
12.0%
1
Russia
CAD 41,686
13.0%
2
Ireland
CAD 40,361
15.8%
3
United Kingdom
CAD 39,469
17.6%
4
France
CAD 39,347
17.9%
5
Hungary
CAD 39,051
18.5%
6
Ukraine
CAD 38,572
19.5%
7
Norway
CAD 37,484
21.8%
8
Czech Republic
CAD 37,260
22.2%
9
Luxembourg
CAD 37,031
22.7%
10
Spain
CAD 36,575
23.7%
11
Austria
CAD 35,517
25.9%
12
Sweden
CAD 33,920
29.2%
13
Greece
CAD 33,333
30.4%
14
Germany
CAD 32,520
32.1%
15
Denmark
CAD 32,267
32.7%
16
Poland
CAD 32,163
32.9%
17
Italy
CAD 31,460
34.3%
18
Finland
CAD 30,595
36.2%
19
Netherlands
CAD 30,153
37.1%
20
Portugal
CAD 29,392
38.7%
21
Romania
CAD 28,030
41.5%
22
Belgium
CAD 25,192
47.4%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 38,767
19.1%
1
Canada
CAD 35,244
26.4%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 44,413
7.3%
1
Taiwan
CAD 42,564
11.2%
2
Thailand
CAD 41,082
14.3%
3
Australia
CAD 40,093
16.3%
4
South Korea
CAD 39,448
17.7%
5
New Zealand
CAD 38,669
19.3%
6
Kazakhstan
CAD 38,446
19.8%
7
Indonesia
CAD 37,459
21.8%
8
Singapore
CAD 37,326
22.1%
9
Pakistan
CAD 37,069
22.6%
10
Japan
CAD 36,606
23.6%
11
Malaysia
CAD 36,188
24.5%
12
Philippines
CAD 35,320
26.3%
13
Vietnam
CAD 33,885
29.3%
14
China
CAD 32,000
33.2%
15
India
CAD 30,442
36.5%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 43,321
9.6%
1
Puerto Rico
CAD 41,511
13.4%
2
Costa Rica
CAD 41,307
13.8%
3
Ecuador
CAD 40,080
16.4%
4
Panama
CAD 38,548
19.6%
5
Chile
CAD 38,346
20.0%
6
Colombia
CAD 38,212
20.3%
7
Peru
CAD 36,331
24.2%
8
Mexico
CAD 36,155
24.5%
9
Brazil
CAD 35,521
25.9%
10
Uruguay
CAD 34,167
28.7%
11
Argentina
CAD 31,135
35.0%
12
Show more
Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 36,421
24.0%
1
Angola
CAD 35,100
26.8%
2
Kenya
CAD 34,246
28.5%
3
Mozambique
CAD 34,225
28.6%
4
Ghana
CAD 33,085
31.0%
5
Nigeria
CAD 32,765
31.6%
6
Ivory Coast
CAD 32,641
31.9%
7
Morocco
CAD 32,184
32.8%
8
Uganda
CAD 31,330
34.6%
9
Cameroon
CAD 30,890
35.5%
10
Senegal
CAD 30,342
36.7%
11
Zambia
CAD 29,874
37.7%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 45,519
5.0%
1
Qatar
CAD 45,519
5.0%
2
Bahrain
CAD 44,082
8.0%
3
Oman
CAD 44,082
8.0%
4
Saudi Arabia
CAD 43,123
10.0%
5
Kuwait
CAD 42,644
11.0%
6
Israel
CAD 39,278
18.0%
7
Egypt
CAD 36,321
24.2%
8
Lebanon
CAD 36,200
24.5%
9
Turkey
CAD 28,173
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.