Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$48,462
Federal tax deduction
- $6,577
Provincial tax deduction
- $2,940
CPP deduction
- $2,563
EI deduction
- $766
Total tax
- $12,846
Net pay
* $35,616
Marginal tax rate
32.0%
Average tax rate
26.5%
73.5%
Net pay
26.5%
Total tax
Total tax
Net pay
The Taxberg
$35,616
Net pay
$3,635
Tax the employer pays
$12,846
Tax you pay
Total tax paid
$16,481
Did you know your employer also pays tax on your salary? It costs the employer $3,635 to pay you $48,462. In other words, every time you spend $10 of your hard-earned money, $3.40 goes to the government.
Real tax rate
31.6%
So, with you and the employer both paying tax, what used to be a 26.5% tax rate now rises to 31.6%, meaning your real tax rate is actually 5.1% higher than what it seemed at first.
People also ask
$48,462 yearly is how much per hour?
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What is the average salary in Canada?
Summary
If you make $48,462 a year living in the region of Ontario, Canada, you will be taxed $12,846. That means that your net pay will be $35,616 per year, or $2,968 per month. Your average tax rate is 26.5% 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
$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
$57,500
$58,000
Tax per region
Region
Net pay
Average tax
Rank
Nunavut
CAD 36,707
24.3%
1
British Columbia
CAD 36,130
25.4%
2
Northwest Territories
CAD 35,808
26.1%
3
Yukon
CAD 35,750
26.2%
4
Ontario
CAD 35,616
26.5%
5
Quebec
CAD 34,668
28.5%
6
New Brunswick
CAD 34,120
29.6%
7
Newfoundland and Labrador
CAD 34,090
29.7%
8
Alberta
CAD 34,043
29.8%
9
Saskatchewan
CAD 33,772
30.3%
10
Prince Edward Island
CAD 33,474
30.9%
11
Nova Scotia
CAD 33,427
31.0%
12
Manitoba
CAD 33,408
31.1%
13
Show more
North America
Country 
Net pay
Average tax
Rank
USA
CAD 39,171
19.2%
1
Canada
CAD 35,616
26.5%
2
Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 43,815
9.6%
1
Puerto Rico
CAD 41,939
13.5%
2
Costa Rica
CAD 41,728
13.9%
3
Ecuador
CAD 40,501
16.4%
4
Panama
CAD 38,962
19.6%
5
Chile
CAD 38,823
19.9%
6
Colombia
CAD 38,595
20.4%
7
Peru
CAD 36,728
24.2%
8
Mexico
CAD 36,523
24.6%
9
Brazil
CAD 35,917
25.9%
10
Uruguay
CAD 34,499
28.8%
11
Argentina
CAD 31,491
35.0%
12
Show more
Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 46,039
5.0%
1
Qatar
CAD 46,039
5.0%
2
Bahrain
CAD 44,585
8.0%
3
Oman
CAD 44,585
8.0%
4
Saudi Arabia
CAD 43,616
10.0%
5
Kuwait
CAD 43,131
11.0%
6
Israel
CAD 39,663
18.2%
7
Egypt
CAD 36,731
24.2%
8
Lebanon
CAD 36,610
24.5%
9
Turkey
CAD 28,492
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.