Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$48,761
Federal tax deduction
- $6,619
Provincial tax deduction
- $2,973
CPP deduction
- $2,580
EI deduction
- $770
Total tax
- $12,942
Net pay
* $35,819
Marginal tax rate
32.0%
Average tax rate
26.5%
73.5%
Net pay
26.5%
Total tax
Total tax
Net pay
The Taxberg
$35,819
Net pay
$3,658
Tax the employer pays
$12,942
Tax you pay
Total tax paid
$16,600
Did you know your employer also pays tax on your salary? It costs the employer $3,658 to pay you $48,761. 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 $48,761 a year living in the region of Ontario, Canada, you will be taxed $12,942. That means that your net pay will be $35,819 per year, or $2,985 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
North America
Country 
Net pay
Average tax
Rank
USA
CAD 39,393
19.2%
1
Canada
CAD 35,819
26.5%
2
Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 36,963
24.2%
1
Angola
CAD 35,715
26.8%
2
Kenya
CAD 34,838
28.6%
3
Mozambique
CAD 34,775
28.7%
4
Ghana
CAD 33,645
31.0%
5
Nigeria
CAD 33,340
31.6%
6
Ivory Coast
CAD 33,165
32.0%
7
Morocco
CAD 32,696
33.0%
8
Uganda
CAD 31,795
34.8%
9
Cameroon
CAD 31,405
35.6%
10
Senegal
CAD 30,850
36.7%
11
Zambia
CAD 30,395
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.