Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$48,990
Federal tax deduction
- $6,650
Provincial tax deduction
- $2,997
CPP deduction
- $2,593
EI deduction
- $774
Total tax
- $13,015
Net pay
* $35,975
Marginal tax rate
32.0%
Average tax rate
26.6%
73.4%
Net pay
26.6%
Total tax
Total tax
Net pay
The Taxberg
$35,975
Net pay
$3,677
Tax the employer pays
$13,015
Tax you pay
Total tax paid
$16,691
Did you know your employer also pays tax on your salary? It costs the employer $3,677 to pay you $48,990. 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
$48,990 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 $48,990 a year living in the region of Ontario, Canada, you will be taxed $13,015. That means that your net pay will be $35,975 per year, or $2,998 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 37,097
24.3%
1
British Columbia
CAD 36,508
25.5%
2
Northwest Territories
CAD 36,183
26.1%
3
Yukon
CAD 36,135
26.2%
4
Ontario
CAD 35,975
26.6%
5
Quebec
CAD 35,001
28.6%
6
New Brunswick
CAD 34,462
29.7%
7
Newfoundland and Labrador
CAD 34,433
29.7%
8
Alberta
CAD 34,410
29.8%
9
Saskatchewan
CAD 34,130
30.3%
10
Prince Edward Island
CAD 33,821
31.0%
11
Manitoba
CAD 33,761
31.1%
12
Nova Scotia
CAD 33,768
31.1%
13
Show more
Europe
Country 
Net pay
Average tax
Rank
Switzerland
CAD 42,988
12.3%
1
Russia
CAD 42,621
13.0%
2
Ireland
CAD 41,129
16.1%
3
United Kingdom
CAD 40,186
18.0%
4
France
CAD 40,027
18.3%
5
Hungary
CAD 39,927
18.5%
6
Ukraine
CAD 39,437
19.5%
7
Norway
CAD 38,194
22.0%
8
Czech Republic
CAD 38,056
22.3%
9
Luxembourg
CAD 37,682
23.1%
10
Spain
CAD 37,276
23.9%
11
Austria
CAD 36,100
26.3%
12
Sweden
CAD 34,661
29.3%
13
Greece
CAD 33,997
30.6%
14
Germany
CAD 33,106
32.4%
15
Denmark
CAD 32,999
32.6%
16
Poland
CAD 32,737
33.2%
17
Italy
CAD 31,948
34.8%
18
Finland
CAD 31,142
36.4%
19
Netherlands
CAD 30,829
37.1%
20
Portugal
CAD 29,951
38.9%
21
Romania
CAD 28,659
41.5%
22
Belgium
CAD 25,519
47.9%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 39,562
19.2%
1
Canada
CAD 35,975
26.6%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 45,332
7.5%
1
Taiwan
CAD 43,493
11.2%
2
Thailand
CAD 41,888
14.5%
3
Australia
CAD 40,797
16.7%
4
South Korea
CAD 40,270
17.8%
5
New Zealand
CAD 39,407
19.6%
6
Kazakhstan
CAD 39,317
19.7%
7
Indonesia
CAD 38,201
22.0%
8
Singapore
CAD 38,111
22.2%
9
Pakistan
CAD 37,795
22.9%
10
Japan
CAD 37,338
23.8%
11
Malaysia
CAD 36,890
24.7%
12
Philippines
CAD 36,026
26.5%
13
Vietnam
CAD 34,558
29.5%
14
China
CAD 32,666
33.3%
15
India
CAD 31,052
36.6%
16
Show more
Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 44,293
9.6%
1
Puerto Rico
CAD 42,353
13.6%
2
Costa Rica
CAD 42,135
14.0%
3
Ecuador
CAD 40,901
16.5%
4
Panama
CAD 39,361
19.7%
5
Chile
CAD 39,285
19.8%
6
Colombia
CAD 38,964
20.5%
7
Peru
CAD 37,112
24.3%
8
Mexico
CAD 36,878
24.7%
9
Brazil
CAD 36,300
25.9%
10
Uruguay
CAD 34,820
28.9%
11
Argentina
CAD 31,834
35.0%
12
Show more
Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 37,109
24.3%
1
Angola
CAD 35,882
26.8%
2
Kenya
CAD 34,999
28.6%
3
Mozambique
CAD 34,924
28.7%
4
Ghana
CAD 33,796
31.0%
5
Nigeria
CAD 33,496
31.6%
6
Ivory Coast
CAD 33,307
32.0%
7
Morocco
CAD 32,835
33.0%
8
Uganda
CAD 31,921
34.8%
9
Cameroon
CAD 31,544
35.6%
10
Senegal
CAD 30,987
36.8%
11
Zambia
CAD 30,536
37.7%
12
Show more
Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 46,541
5.0%
1
Qatar
CAD 46,540
5.0%
2
Bahrain
CAD 45,071
8.0%
3
Oman
CAD 45,071
8.0%
4
Saudi Arabia
CAD 44,091
10.0%
5
Kuwait
CAD 43,601
11.0%
6
Israel
CAD 40,034
18.3%
7
Egypt
CAD 37,127
24.2%
8
Lebanon
CAD 37,006
24.5%
9
Turkey
CAD 28,799
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.