Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$50,248
Federal tax deduction
- $6,838
Provincial tax deduction
- $3,128
CPP deduction
- $2,665
EI deduction
- $794
Total tax
- $13,425
Net pay
* $36,823
Marginal tax rate
35.3%
Average tax rate
26.7%
73.3%
Net pay
26.7%
Total tax
Total tax
Net pay
The Taxberg
$36,823
Net pay
$3,776
Tax the employer pays
$13,425
Tax you pay
Total tax paid
$17,201
Did you know your employer also pays tax on your salary? It costs the employer $3,776 to pay you $50,248. 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
$50,248 yearly is how much per hour?
$25.77 hourly is how much per year?
What is the average salary in Canada?
Summary
If you make $50,248 a year living in the region of Ontario, Canada, you will be taxed $13,425. That means that your net pay will be $36,823 per year, or $3,069 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 38,008
24.4%
1
British Columbia
CAD 37,394
25.6%
2
Northwest Territories
CAD 37,061
26.2%
3
Yukon
CAD 37,033
26.3%
4
Ontario
CAD 36,823
26.7%
5
Quebec
CAD 35,778
28.8%
6
Alberta
CAD 35,272
29.8%
7
New Brunswick
CAD 35,262
29.8%
8
Newfoundland and Labrador
CAD 35,237
29.9%
9
Saskatchewan
CAD 34,968
30.4%
10
Prince Edward Island
CAD 34,635
31.1%
11
Manitoba
CAD 34,589
31.2%
12
Nova Scotia
CAD 34,566
31.2%
13
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Europe
Country 
Net pay
Average tax
Rank
Switzerland
CAD 43,963
12.5%
1
Russia
CAD 43,716
13.0%
2
Ireland
CAD 42,029
16.4%
3
United Kingdom
CAD 41,026
18.4%
4
Hungary
CAD 40,952
18.5%
5
France
CAD 40,824
18.8%
6
Ukraine
CAD 40,450
19.5%
7
Norway
CAD 39,024
22.3%
8
Czech Republic
CAD 38,987
22.4%
9
Luxembourg
CAD 38,443
23.5%
10
Spain
CAD 38,097
24.2%
11
Austria
CAD 36,782
26.8%
12
Sweden
CAD 35,541
29.3%
13
Greece
CAD 34,774
30.8%
14
Denmark
CAD 33,855
32.6%
15
Germany
CAD 33,791
32.8%
16
Poland
CAD 33,408
33.5%
17
Italy
CAD 32,518
35.3%
18
Finland
CAD 31,781
36.8%
19
Netherlands
CAD 31,620
37.1%
20
Portugal
CAD 30,605
39.1%
21
Romania
CAD 29,395
41.5%
22
Belgium
CAD 25,902
48.5%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 40,493
19.4%
1
Canada
CAD 36,823
26.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 46,408
7.6%
1
Taiwan
CAD 44,581
11.3%
2
Thailand
CAD 42,831
14.8%
3
Australia
CAD 41,621
17.2%
4
South Korea
CAD 41,233
17.9%
5
Kazakhstan
CAD 40,336
19.7%
6
New Zealand
CAD 40,270
19.9%
7
Indonesia
CAD 39,059
22.3%
8
Singapore
CAD 39,031
22.3%
9
Pakistan
CAD 38,644
23.1%
10
Japan
CAD 38,195
24.0%
11
Malaysia
CAD 37,711
25.0%
12
Philippines
CAD 36,848
26.7%
13
Vietnam
CAD 35,347
29.7%
14
China
CAD 33,446
33.4%
15
India
CAD 31,767
36.8%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 45,430
9.6%
1
Puerto Rico
CAD 43,338
13.8%
2
Costa Rica
CAD 43,105
14.2%
3
Ecuador
CAD 41,812
16.8%
4
Chile
CAD 40,407
19.6%
5
Panama
CAD 40,313
19.8%
6
Colombia
CAD 39,846
20.7%
7
Peru
CAD 38,026
24.3%
8
Mexico
CAD 37,723
24.9%
9
Brazil
CAD 37,212
25.9%
10
Uruguay
CAD 35,583
29.2%
11
Argentina
CAD 32,652
35.0%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 37,885
24.6%
1
Angola
CAD 36,797
26.8%
2
Kenya
CAD 35,879
28.6%
3
Mozambique
CAD 35,742
28.9%
4
Ghana
CAD 34,628
31.1%
5
Nigeria
CAD 34,352
31.6%
6
Ivory Coast
CAD 34,086
32.2%
7
Morocco
CAD 33,597
33.1%
8
Uganda
CAD 32,613
35.1%
9
Cameroon
CAD 32,310
35.7%
10
Senegal
CAD 31,742
36.8%
11
Zambia
CAD 31,309
37.7%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 47,736
5.0%
1
Qatar
CAD 47,736
5.0%
2
Bahrain
CAD 46,228
8.0%
3
Oman
CAD 46,228
8.0%
4
Saudi Arabia
CAD 45,223
10.0%
5
Kuwait
CAD 44,721
11.0%
6
Israel
CAD 40,920
18.6%
7
Egypt
CAD 38,071
24.2%
8
Lebanon
CAD 37,950
24.5%
9
Turkey
CAD 29,532
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.