Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$48,722
Federal tax deduction
- $6,613
Provincial tax deduction
- $2,968
CPP deduction
- $2,578
EI deduction
- $770
Total tax
- $12,929
Net pay
* $35,793
Marginal tax rate
32.0%
Average tax rate
26.5%
73.5%
Net pay
26.5%
Total tax
Total tax
Net pay
The Taxberg
$35,793
Net pay
$3,655
Tax the employer pays
$12,929
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 $48,722. 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
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Summary
If you make $48,722 a year living in the region of Ontario, Canada, you will be taxed $12,929. That means that your net pay will be $35,793 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.
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 36,899
24.3%
1
British Columbia
CAD 36,316
25.5%
2
Northwest Territories
CAD 35,993
26.1%
3
Yukon
CAD 35,940
26.2%
4
Ontario
CAD 35,793
26.5%
5
Quebec
CAD 34,832
28.5%
6
New Brunswick
CAD 34,288
29.6%
7
Newfoundland and Labrador
CAD 34,259
29.7%
8
Alberta
CAD 34,224
29.8%
9
Saskatchewan
CAD 33,949
30.3%
10
Prince Edward Island
CAD 33,645
30.9%
11
Nova Scotia
CAD 33,595
31.0%
12
Manitoba
CAD 33,582
31.1%
13
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 39,364
19.2%
1
Canada
CAD 35,793
26.5%
2
Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 44,050
9.6%
1
Puerto Rico
CAD 42,143
13.5%
2
Costa Rica
CAD 41,929
13.9%
3
Ecuador
CAD 40,701
16.5%
4
Panama
CAD 39,159
19.6%
5
Chile
CAD 39,051
19.9%
6
Colombia
CAD 38,777
20.4%
7
Peru
CAD 36,917
24.2%
8
Mexico
CAD 36,698
24.7%
9
Brazil
CAD 36,106
25.9%
10
Uruguay
CAD 34,657
28.9%
11
Argentina
CAD 31,660
35.0%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 36,938
24.2%
1
Angola
CAD 35,687
26.8%
2
Kenya
CAD 34,811
28.6%
3
Mozambique
CAD 34,750
28.7%
4
Ghana
CAD 33,619
31.0%
5
Nigeria
CAD 33,314
31.6%
6
Ivory Coast
CAD 33,141
32.0%
7
Morocco
CAD 32,673
32.9%
8
Uganda
CAD 31,774
34.8%
9
Cameroon
CAD 31,381
35.6%
10
Senegal
CAD 30,827
36.7%
11
Zambia
CAD 30,371
37.7%
12
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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.