Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$48,720
Federal tax deduction
- $6,613
Provincial tax deduction
- $2,968
CPP deduction
- $2,578
EI deduction
- $770
Total tax
- $12,928
Net pay
* $35,792
Marginal tax rate
32.0%
Average tax rate
26.5%
73.5%
Net pay
26.5%
Total tax
Total tax
Net pay
The Taxberg
$35,792
Net pay
$3,655
Tax the employer pays
$12,928
Tax you pay
Total tax paid
$16,584
Did you know your employer also pays tax on your salary? It costs the employer $3,655 to pay you $48,720. In other words, every time you spend $10 of your hard-earned money, $3.40 goes to the government.
Real tax rate
31.7%
So, with you and the employer both paying tax, what used to be a 26.5% tax rate now rises to 31.7%, meaning your real tax rate is actually 5.2% higher than what it seemed at first.
People also ask
$48,720 yearly is how much per hour?
$24.98 hourly is how much per year?
What is the average salary in Canada?
Summary
If you make $48,720 a year living in the region of Ontario, Canada, you will be taxed $12,928. That means that your net pay will be $35,792 per year, or $2,983 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 36,897
24.3%
1
British Columbia
CAD 36,315
25.5%
2
Northwest Territories
CAD 35,991
26.1%
3
Yukon
CAD 35,938
26.2%
4
Ontario
CAD 35,792
26.5%
5
Quebec
CAD 34,831
28.5%
6
New Brunswick
CAD 34,287
29.6%
7
Newfoundland and Labrador
CAD 34,258
29.7%
8
Alberta
CAD 34,223
29.8%
9
Saskatchewan
CAD 33,947
30.3%
10
Prince Edward Island
CAD 33,644
30.9%
11
Nova Scotia
CAD 33,593
31.0%
12
Manitoba
CAD 33,581
31.1%
13
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Europe
Country 
Net pay
Average tax
Rank
Switzerland
CAD 42,778
12.2%
1
Russia
CAD 42,386
13.0%
2
Ireland
CAD 40,936
16.0%
3
United Kingdom
CAD 40,006
17.9%
4
France
CAD 39,856
18.2%
5
Hungary
CAD 39,707
18.5%
6
Ukraine
CAD 39,220
19.5%
7
Norway
CAD 38,016
22.0%
8
Czech Republic
CAD 37,856
22.3%
9
Luxembourg
CAD 37,518
23.0%
10
Spain
CAD 37,100
23.9%
11
Austria
CAD 35,953
26.2%
12
Sweden
CAD 34,472
29.2%
13
Greece
CAD 33,830
30.6%
14
Germany
CAD 32,959
32.4%
15
Denmark
CAD 32,815
32.7%
16
Poland
CAD 32,593
33.1%
17
Italy
CAD 31,825
34.7%
18
Finland
CAD 31,005
36.4%
19
Netherlands
CAD 30,659
37.1%
20
Portugal
CAD 29,810
38.8%
21
Romania
CAD 28,501
41.5%
22
Belgium
CAD 25,437
47.8%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 39,362
19.2%
1
Canada
CAD 35,792
26.5%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 45,101
7.4%
1
Taiwan
CAD 43,260
11.2%
2
Thailand
CAD 41,685
14.4%
3
Australia
CAD 40,620
16.6%
4
South Korea
CAD 40,064
17.8%
5
New Zealand
CAD 39,222
19.5%
6
Kazakhstan
CAD 39,098
19.8%
7
Indonesia
CAD 38,014
22.0%
8
Singapore
CAD 37,914
22.2%
9
Pakistan
CAD 37,613
22.8%
10
Japan
CAD 37,154
23.7%
11
Malaysia
CAD 36,714
24.6%
12
Philippines
CAD 35,850
26.4%
13
Vietnam
CAD 34,389
29.4%
14
China
CAD 32,499
33.3%
15
India
CAD 30,899
36.6%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 44,048
9.6%
1
Puerto Rico
CAD 42,141
13.5%
2
Costa Rica
CAD 41,927
13.9%
3
Ecuador
CAD 40,699
16.5%
4
Panama
CAD 39,157
19.6%
5
Chile
CAD 39,049
19.9%
6
Colombia
CAD 38,775
20.4%
7
Peru
CAD 36,916
24.2%
8
Mexico
CAD 36,696
24.7%
9
Brazil
CAD 36,104
25.9%
10
Uruguay
CAD 34,656
28.9%
11
Argentina
CAD 31,658
35.0%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 36,936
24.2%
1
Angola
CAD 35,685
26.8%
2
Kenya
CAD 34,810
28.6%
3
Mozambique
CAD 34,749
28.7%
4
Ghana
CAD 33,618
31.0%
5
Nigeria
CAD 33,312
31.6%
6
Ivory Coast
CAD 33,139
32.0%
7
Morocco
CAD 32,671
32.9%
8
Uganda
CAD 31,773
34.8%
9
Cameroon
CAD 31,380
35.6%
10
Senegal
CAD 30,825
36.7%
11
Zambia
CAD 30,370
37.7%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 46,284
5.0%
1
Qatar
CAD 46,284
5.0%
2
Bahrain
CAD 44,822
8.0%
3
Oman
CAD 44,822
8.0%
4
Saudi Arabia
CAD 43,848
10.0%
5
Kuwait
CAD 43,361
11.0%
6
Israel
CAD 39,844
18.2%
7
Egypt
CAD 36,925
24.2%
8
Lebanon
CAD 36,804
24.5%
9
Turkey
CAD 28,642
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.