Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$48,980
Federal tax deduction
- $6,649
Provincial tax deduction
- $2,996
CPP deduction
- $2,592
EI deduction
- $774
Total tax
- $13,012
Net pay
* $35,968
Marginal tax rate
32.0%
Average tax rate
26.6%
73.4%
Net pay
26.6%
Total tax
Total tax
Net pay
The Taxberg
$35,968
Net pay
$3,676
Tax the employer pays
$13,012
Tax you pay
Total tax paid
$16,687
Did you know your employer also pays tax on your salary? It costs the employer $3,676 to pay you $48,980. In other words, every time you spend $10 of your hard-earned money, $3.41 goes to the government.
Real tax rate
31.7%
So, with you and the employer both paying tax, what used to be a 26.6% tax rate now rises to 31.7%, meaning your real tax rate is actually 5.1% higher than what it seemed at first.
People also ask
$48,980 yearly is how much per hour?
$25.12 hourly is how much per year?
What is the average salary in Canada?
Summary
If you make $48,980 a year living in the region of Ontario, Canada, you will be taxed $13,012. That means that your net pay will be $35,968 per year, or $2,997 per month. Your average tax rate is 26.6% 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 37,089
24.3%
1
British Columbia
CAD 36,501
25.5%
2
Northwest Territories
CAD 36,176
26.1%
3
Yukon
CAD 36,128
26.2%
4
Ontario
CAD 35,968
26.6%
5
Quebec
CAD 34,995
28.6%
6
New Brunswick
CAD 34,455
29.7%
7
Newfoundland and Labrador
CAD 34,427
29.7%
8
Alberta
CAD 34,403
29.8%
9
Saskatchewan
CAD 34,124
30.3%
10
Prince Edward Island
CAD 33,814
31.0%
11
Manitoba
CAD 33,754
31.1%
12
Nova Scotia
CAD 33,761
31.1%
13
Show more
Europe
Country 
Net pay
Average tax
Rank
Switzerland
CAD 42,980
12.3%
1
Russia
CAD 42,613
13.0%
2
Ireland
CAD 41,122
16.0%
3
United Kingdom
CAD 40,180
18.0%
4
France
CAD 40,021
18.3%
5
Hungary
CAD 39,919
18.5%
6
Ukraine
CAD 39,429
19.5%
7
Norway
CAD 38,187
22.0%
8
Czech Republic
CAD 38,049
22.3%
9
Luxembourg
CAD 37,676
23.1%
10
Spain
CAD 37,270
23.9%
11
Austria
CAD 36,094
26.3%
12
Sweden
CAD 34,654
29.3%
13
Greece
CAD 33,991
30.6%
14
Germany
CAD 33,101
32.4%
15
Denmark
CAD 32,992
32.6%
16
Poland
CAD 32,731
33.2%
17
Italy
CAD 31,943
34.8%
18
Finland
CAD 31,137
36.4%
19
Netherlands
CAD 30,823
37.1%
20
Portugal
CAD 29,946
38.9%
21
Romania
CAD 28,653
41.5%
22
Belgium
CAD 25,516
47.9%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 39,555
19.2%
1
Canada
CAD 35,968
26.6%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 45,324
7.5%
1
Taiwan
CAD 43,484
11.2%
2
Thailand
CAD 41,880
14.5%
3
Australia
CAD 40,790
16.7%
4
South Korea
CAD 40,263
17.8%
5
New Zealand
CAD 39,400
19.6%
6
Kazakhstan
CAD 39,309
19.7%
7
Indonesia
CAD 38,194
22.0%
8
Singapore
CAD 38,104
22.2%
9
Pakistan
CAD 37,788
22.9%
10
Japan
CAD 37,331
23.8%
11
Malaysia
CAD 36,883
24.7%
12
Philippines
CAD 36,020
26.5%
13
Vietnam
CAD 34,552
29.5%
14
China
CAD 32,660
33.3%
15
India
CAD 31,047
36.6%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 44,284
9.6%
1
Puerto Rico
CAD 42,345
13.6%
2
Costa Rica
CAD 42,128
14.0%
3
Ecuador
CAD 40,894
16.5%
4
Panama
CAD 39,354
19.7%
5
Chile
CAD 39,276
19.8%
6
Colombia
CAD 38,957
20.5%
7
Peru
CAD 37,105
24.3%
8
Mexico
CAD 36,871
24.7%
9
Brazil
CAD 36,293
25.9%
10
Uruguay
CAD 34,813
28.9%
11
Argentina
CAD 31,827
35.0%
12
Show more
Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 37,103
24.3%
1
Angola
CAD 35,874
26.8%
2
Kenya
CAD 34,992
28.6%
3
Mozambique
CAD 34,918
28.7%
4
Ghana
CAD 33,790
31.0%
5
Nigeria
CAD 33,489
31.6%
6
Ivory Coast
CAD 33,300
32.0%
7
Morocco
CAD 32,829
33.0%
8
Uganda
CAD 31,916
34.8%
9
Cameroon
CAD 31,538
35.6%
10
Senegal
CAD 30,981
36.8%
11
Zambia
CAD 30,529
37.7%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 46,531
5.0%
1
Qatar
CAD 46,531
5.0%
2
Bahrain
CAD 45,062
8.0%
3
Oman
CAD 45,062
8.0%
4
Saudi Arabia
CAD 44,082
10.0%
5
Kuwait
CAD 43,592
11.0%
6
Israel
CAD 40,027
18.3%
7
Egypt
CAD 37,120
24.2%
8
Lebanon
CAD 36,999
24.5%
9
Turkey
CAD 28,793
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.