Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$48,996
Federal tax deduction
- $6,651
Provincial tax deduction
- $2,998
CPP deduction
- $2,593
EI deduction
- $774
Total tax
- $13,017
Net pay
* $35,979
Marginal tax rate
32.0%
Average tax rate
26.6%
73.4%
Net pay
26.6%
Total tax
Total tax
Net pay
The Taxberg
$35,979
Net pay
$3,677
Tax the employer pays
$13,017
Tax you pay
Total tax paid
$16,694
Did you know your employer also pays tax on your salary? It costs the employer $3,677 to pay you $48,996. 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
$48,996 yearly is how much per hour?
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What is the average salary in Canada?
Summary
If you make $48,996 a year living in the region of Ontario, Canada, you will be taxed $13,017. That means that your net pay will be $35,979 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 37,101
24.3%
1
British Columbia
CAD 36,512
25.5%
2
Northwest Territories
CAD 36,187
26.1%
3
Yukon
CAD 36,140
26.2%
4
Ontario
CAD 35,979
26.6%
5
Quebec
CAD 35,005
28.6%
6
New Brunswick
CAD 34,466
29.7%
7
Newfoundland and Labrador
CAD 34,437
29.7%
8
Alberta
CAD 34,415
29.8%
9
Saskatchewan
CAD 34,134
30.3%
10
Prince Edward Island
CAD 33,825
31.0%
11
Manitoba
CAD 33,765
31.1%
12
Nova Scotia
CAD 33,771
31.1%
13
Show more
North America
Country 
Net pay
Average tax
Rank
USA
CAD 39,567
19.3%
1
Canada
CAD 35,979
26.6%
2
Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 46,546
5.0%
1
Qatar
CAD 46,546
5.0%
2
Bahrain
CAD 45,076
8.0%
3
Oman
CAD 45,076
8.0%
4
Saudi Arabia
CAD 44,096
10.0%
5
Kuwait
CAD 43,606
11.0%
6
Israel
CAD 40,039
18.3%
7
Egypt
CAD 37,132
24.2%
8
Lebanon
CAD 37,011
24.5%
9
Turkey
CAD 28,803
41.2%
10
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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.