Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$49,738
Federal tax deduction
- $6,754
Provincial tax deduction
- $3,078
CPP deduction
- $2,636
EI deduction
- $786
Total tax
- $13,254
Net pay
* $36,484
Marginal tax rate
32.0%
Average tax rate
26.6%
73.4%
Net pay
26.6%
Total tax
Total tax
Net pay
The Taxberg
$36,484
Net pay
$3,736
Tax the employer pays
$13,254
Tax you pay
Total tax paid
$16,990
Did you know your employer also pays tax on your salary? It costs the employer $3,736 to pay you $49,738. In other words, every time you spend $10 of your hard-earned money, $3.42 goes to the government.
Real tax rate
31.8%
So, with you and the employer both paying tax, what used to be a 26.6% tax rate now rises to 31.8%, meaning your real tax rate is actually 5.2% higher than what it seemed at first.
People also ask
$49,738 yearly is how much per hour?
$25.51 hourly is how much per year?
What is the average salary in Canada?
Summary
If you make $49,738 a year living in the region of Ontario, Canada, you will be taxed $13,254. That means that your net pay will be $36,484 per year, or $3,040 per month. Your average tax rate is 26.7% 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
$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
$58,500
$59,000
Tax per region
Region
Net pay
Average tax
Rank
Nunavut
CAD 37,649
24.3%
1
British Columbia
CAD 37,042
25.5%
2
Northwest Territories
CAD 36,713
26.2%
3
Yukon
CAD 36,680
26.3%
4
Ontario
CAD 36,484
26.6%
5
Quebec
CAD 35,473
28.7%
6
New Brunswick
CAD 34,946
29.7%
7
Alberta
CAD 34,930
29.8%
8
Newfoundland and Labrador
CAD 34,919
29.8%
9
Saskatchewan
CAD 34,637
30.4%
10
Prince Edward Island
CAD 34,313
31.0%
11
Manitoba
CAD 34,261
31.1%
12
Nova Scotia
CAD 34,250
31.1%
13
Show more
Europe
Country 
Net pay
Average tax
Rank
Switzerland
CAD 43,568
12.4%
1
Russia
CAD 43,272
13.0%
2
Ireland
CAD 41,664
16.2%
3
United Kingdom
CAD 40,685
18.2%
4
Hungary
CAD 40,536
18.5%
5
France
CAD 40,501
18.6%
6
Ukraine
CAD 40,039
19.5%
7
Norway
CAD 38,688
22.2%
8
Czech Republic
CAD 38,609
22.4%
9
Luxembourg
CAD 38,134
23.3%
10
Spain
CAD 37,764
24.1%
11
Austria
CAD 36,505
26.6%
12
Sweden
CAD 35,185
29.3%
13
Greece
CAD 34,459
30.7%
14
Germany
CAD 33,513
32.6%
15
Denmark
CAD 33,508
32.6%
16
Poland
CAD 33,136
33.4%
17
Italy
CAD 32,287
35.1%
18
Finland
CAD 31,522
36.6%
19
Netherlands
CAD 31,300
37.1%
20
Portugal
CAD 30,340
39.0%
21
Romania
CAD 29,097
41.5%
22
Belgium
CAD 25,747
48.2%
23
Show more
North America
Country 
Net pay
Average tax
Rank
USA
CAD 40,116
19.4%
1
Canada
CAD 36,484
26.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 45,972
7.6%
1
Taiwan
CAD 44,140
11.3%
2
Thailand
CAD 42,449
14.7%
3
Australia
CAD 41,287
17.0%
4
South Korea
CAD 40,843
17.9%
5
Kazakhstan
CAD 39,923
19.7%
6
New Zealand
CAD 39,920
19.7%
7
Indonesia
CAD 38,713
22.2%
8
Singapore
CAD 38,658
22.3%
9
Pakistan
CAD 38,300
23.0%
10
Japan
CAD 37,848
23.9%
11
Malaysia
CAD 37,378
24.9%
12
Philippines
CAD 36,515
26.6%
13
Vietnam
CAD 35,027
29.6%
14
China
CAD 33,130
33.4%
15
India
CAD 31,477
36.7%
16
Show more
Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 44,969
9.6%
1
Puerto Rico
CAD 42,939
13.7%
2
Costa Rica
CAD 42,712
14.1%
3
Ecuador
CAD 41,443
16.7%
4
Chile
CAD 39,940
19.7%
5
Panama
CAD 39,927
19.7%
6
Colombia
CAD 39,488
20.6%
7
Peru
CAD 37,655
24.3%
8
Mexico
CAD 37,381
24.8%
9
Brazil
CAD 36,842
25.9%
10
Uruguay
CAD 35,274
29.1%
11
Argentina
CAD 32,320
35.0%
12
Show more
Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 37,572
24.5%
1
Angola
CAD 36,426
26.8%
2
Kenya
CAD 35,522
28.6%
3
Mozambique
CAD 35,410
28.8%
4
Ghana
CAD 34,291
31.1%
5
Nigeria
CAD 34,005
31.6%
6
Ivory Coast
CAD 33,770
32.1%
7
Morocco
CAD 33,288
33.1%
8
Uganda
CAD 32,333
35.0%
9
Cameroon
CAD 32,000
35.7%
10
Senegal
CAD 31,436
36.8%
11
Zambia
CAD 30,996
37.7%
12
Show more
Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 47,251
5.0%
1
Qatar
CAD 47,251
5.0%
2
Bahrain
CAD 45,759
8.0%
3
Oman
CAD 45,759
8.0%
4
Saudi Arabia
CAD 44,764
10.0%
5
Kuwait
CAD 44,267
11.0%
6
Israel
CAD 40,561
18.5%
7
Egypt
CAD 37,688
24.2%
8
Lebanon
CAD 37,567
24.5%
9
Turkey
CAD 29,235
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.