Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$50,024
Federal tax deduction
- $6,795
Provincial tax deduction
- $3,108
CPP deduction
- $2,652
EI deduction
- $790
Total tax
- $13,346
Net pay
* $36,678
Marginal tax rate
35.3%
Average tax rate
26.7%
73.3%
Net pay
26.7%
Total tax
Total tax
Net pay
The Taxberg
$36,678
Net pay
$3,758
Tax the employer pays
$13,346
Tax you pay
Total tax paid
$17,104
Did you know your employer also pays tax on your salary? It costs the employer $3,758 to pay you $50,024. 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 26.7% tax rate now rises to 31.8%, meaning your real tax rate is actually 5.1% higher than what it seemed at first.
People also ask
$50,024 yearly is how much per hour?
$25.65 hourly is how much per year?
What is the average salary in Canada?
Summary
If you make $50,024 a year living in the region of Ontario, Canada, you will be taxed $13,346. That means that your net pay will be $36,678 per year, or $3,056 per month. Your average tax rate is 26.7% and your marginal tax rate is 35.3%. 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 $35.25, hence, your net pay will only increase by $64.75.
Bonus Example
A $1,000 bonus will generate an extra $648 of net incomes. A $5,000 bonus will generate an extra $3,238 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
$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
$59,500
$60,000
Tax per region
Region
Net pay
Average tax
Rank
Nunavut
CAD 37,858
24.3%
1
British Columbia
CAD 37,246
25.5%
2
Northwest Territories
CAD 36,914
26.2%
3
Yukon
CAD 36,887
26.3%
4
Ontario
CAD 36,678
26.7%
5
Quebec
CAD 35,652
28.7%
6
Alberta
CAD 35,128
29.8%
7
New Brunswick
CAD 35,129
29.8%
8
Newfoundland and Labrador
CAD 35,103
29.8%
9
Saskatchewan
CAD 34,830
30.4%
10
Prince Edward Island
CAD 34,499
31.0%
11
Manitoba
CAD 34,451
31.1%
12
Nova Scotia
CAD 34,433
31.2%
13
Show more
Europe
Country 
Net pay
Average tax
Rank
Switzerland
CAD 43,790
12.5%
1
Russia
CAD 43,521
13.0%
2
Ireland
CAD 41,869
16.3%
3
United Kingdom
CAD 40,876
18.3%
4
Hungary
CAD 40,770
18.5%
5
France
CAD 40,682
18.7%
6
Ukraine
CAD 40,269
19.5%
7
Norway
CAD 38,876
22.3%
8
Czech Republic
CAD 38,821
22.4%
9
Luxembourg
CAD 38,307
23.4%
10
Spain
CAD 37,951
24.1%
11
Austria
CAD 36,660
26.7%
12
Sweden
CAD 35,385
29.3%
13
Greece
CAD 34,635
30.8%
14
Denmark
CAD 33,702
32.6%
15
Germany
CAD 33,669
32.7%
16
Poland
CAD 33,289
33.5%
17
Italy
CAD 32,417
35.2%
18
Finland
CAD 31,667
36.7%
19
Netherlands
CAD 31,480
37.1%
20
Portugal
CAD 30,489
39.1%
21
Romania
CAD 29,264
41.5%
22
Belgium
CAD 25,834
48.4%
23
Show more
North America
Country 
Net pay
Average tax
Rank
USA
CAD 40,327
19.4%
1
Canada
CAD 36,678
26.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 46,216
7.6%
1
Taiwan
CAD 44,387
11.3%
2
Thailand
CAD 42,663
14.7%
3
Australia
CAD 41,474
17.1%
4
South Korea
CAD 41,062
17.9%
5
Kazakhstan
CAD 40,155
19.7%
6
New Zealand
CAD 40,116
19.8%
7
Indonesia
CAD 38,907
22.2%
8
Singapore
CAD 38,867
22.3%
9
Pakistan
CAD 38,493
23.1%
10
Japan
CAD 38,043
24.0%
11
Malaysia
CAD 37,565
24.9%
12
Philippines
CAD 36,702
26.6%
13
Vietnam
CAD 35,206
29.6%
14
China
CAD 33,307
33.4%
15
India
CAD 31,640
36.8%
16
Show more
Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 45,227
9.6%
1
Puerto Rico
CAD 43,163
13.7%
2
Costa Rica
CAD 42,932
14.2%
3
Ecuador
CAD 41,650
16.7%
4
Chile
CAD 40,202
19.6%
5
Panama
CAD 40,144
19.8%
6
Colombia
CAD 39,689
20.7%
7
Peru
CAD 37,863
24.3%
8
Mexico
CAD 37,573
24.9%
9
Brazil
CAD 37,050
25.9%
10
Uruguay
CAD 35,447
29.1%
11
Argentina
CAD 32,506
35.0%
12
Show more
Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 37,747
24.5%
1
Angola
CAD 36,634
26.8%
2
Kenya
CAD 35,723
28.6%
3
Mozambique
CAD 35,596
28.8%
4
Ghana
CAD 34,480
31.1%
5
Nigeria
CAD 34,199
31.6%
6
Ivory Coast
CAD 33,947
32.1%
7
Morocco
CAD 33,462
33.1%
8
Uganda
CAD 32,490
35.1%
9
Cameroon
CAD 32,174
35.7%
10
Senegal
CAD 31,608
36.8%
11
Zambia
CAD 31,172
37.7%
12
Show more
Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 47,523
5.0%
1
Qatar
CAD 47,523
5.0%
2
Bahrain
CAD 46,022
8.0%
3
Oman
CAD 46,022
8.0%
4
Saudi Arabia
CAD 45,022
10.0%
5
Kuwait
CAD 44,521
11.0%
6
Israel
CAD 40,762
18.5%
7
Egypt
CAD 37,903
24.2%
8
Lebanon
CAD 37,782
24.5%
9
Turkey
CAD 29,401
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.