Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$55
EI deduction
- $0.87
Total tax
- $0.87
Net pay
* $54.13
Marginal tax rate
1.6%
Average tax rate
1.6%
98.4%
Net pay
1.6%
Total tax
Total tax
Net pay
The Taxberg
$54.13
Net pay
$1.22
Tax the employer pays
$0.87
Tax you pay
Total tax paid
$2.09
Did you know your employer also pays tax on your salary? It costs the employer $1.22 to pay you $55. In other words, every time you spend $10 of your hard-earned money, $0.38 goes to the government.
Real tax rate
3.7%
So, with you and the employer both paying tax, what used to be a 1.6% tax rate now rises to 3.7%, meaning your real tax rate is actually 2.1% higher than what it seemed at first.
People also ask
$55 yearly is how much per hour?
$0.03 hourly is how much per year?
What is the average salary in Canada?
Summary
If you make $55 a year living in the region of Ontario, Canada, you will be taxed $0.87. That means that your net pay will be $54.13 per year, or $4.51 per month. Your average tax rate is 1.6% and your marginal tax rate is 1.6%. 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 $1.58, hence, your net pay will only increase by $98.42.
Bonus Example
A $1,000 bonus will generate an extra $984 of net incomes. A $5,000 bonus will generate an extra $4,921 of net incomes.
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
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
$4,000
$4,500
$5,000
$5,500
$6,000
$6,500
$7,000
$7,500
$8,000
$8,500
$9,000
$9,500
$10,000
Tax per region
Region
Net pay
Average tax
Rank
British Columbia
CAD 54
1.6%
1
Ontario
CAD 54
1.6%
2
Yukon
CAD 54
1.6%
3
Quebec
CAD 54
1.7%
4
Newfoundland and Labrador
CAD 49
10.1%
5
Nova Scotia
CAD 49
10.2%
6
New Brunswick
CAD 49
10.8%
7
Prince Edward Island
CAD 49
11.2%
8
Alberta
CAD 49
11.4%
9
Saskatchewan
CAD 48
11.9%
10
Manitoba
CAD 48
12.2%
11
Nunavut
CAD 52
5.5%
12
Northwest Territories
CAD 51
7.4%
13
Show more
Europe
Country 
Net pay
Average tax
Rank
United Kingdom
CAD 55
0.0%
1
Germany
CAD 55
0.0%
2
Austria
CAD 55
0.0%
3
Ireland
CAD 55
0.0%
4
Sweden
CAD 55
0.0%
5
Norway
CAD 55
0.0%
6
Spain
CAD 52
6.4%
7
Italy
CAD 50
9.2%
8
France
CAD 50
9.7%
9
Czech Republic
CAD 49
11.0%
10
Luxembourg
CAD 49
11.1%
11
Russia
CAD 48
13.0%
12
Hungary
CAD 45
18.5%
13
Ukraine
CAD 44
19.5%
14
Poland
CAD 43
21.5%
15
Greece
CAD 43
21.8%
16
Portugal
CAD 41
25.6%
17
Finland
CAD 38
30.8%
18
Belgium
CAD 37
32.0%
19
Netherlands
CAD 34
38.5%
20
Romania
CAD 32
41.5%
21
Switzerland
CAD 13
76.2%
22
Denmark
CAD 0
100.0%
23
Show more
North America
Country 
Net pay
Average tax
Rank
Canada
CAD 54
1.6%
1
USA
CAD 50
8.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
CAD 55
0.0%
1
Singapore
CAD 55
0.0%
2
Hong Kong
CAD 55
0.0%
3
Thailand
CAD 52
5.0%
4
Indonesia
CAD 50
8.8%
5
Taiwan
CAD 50
8.9%
6
South Korea
CAD 49
10.7%
7
New Zealand
CAD 48
11.9%
8
India
CAD 48
12.0%
9
China
CAD 48
13.2%
10
Vietnam
CAD 47
15.0%
11
Japan
CAD 45
18.7%
12
Kazakhstan
CAD 44
20.8%
13
Malaysia
CAD 43
21.6%
14
Pakistan
CAD 40
27.4%
15
Philippines
CAD 23
59.1%
16
Show more
Latin America
Country 
Net pay
Average tax
Rank
Mexico
CAD 54
2.4%
1
Brazil
CAD 51
7.5%
2
Puerto Rico
CAD 51
8.0%
3
Colombia
CAD 51
8.0%
4
Ecuador
CAD 50
9.4%
5
Guatemala
CAD 50
9.6%
6
Costa Rica
CAD 49
10.5%
7
Panama
CAD 49
11.0%
8
Peru
CAD 48
12.5%
9
Argentina
CAD 46
17.0%
10
Chile
CAD 45
17.6%
11
Uruguay
CAD 45
18.1%
12
Show more
Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 54
1.0%
1
Angola
CAD 53
3.0%
2
Uganda
CAD 52
5.0%
3
Ghana
CAD 52
5.5%
4
Zambia
CAD 52
6.0%
5
Morocco
CAD 51
6.7%
6
Ivory Coast
CAD 51
7.5%
7
Senegal
CAD 48
12.3%
8
Cameroon
CAD 46
15.6%
9
Nigeria
CAD 46
16.8%
10
Mozambique
CAD 36
34.3%
11
Kenya
CAD 10
82.6%
12
Show more
Middle East
Country 
Net pay
Average tax
Rank
Egypt
CAD 55
0.0%
1
Saudi Arabia
CAD 55
0.0%
2
United Arab Emirates
CAD 52
5.0%
3
Qatar
CAD 52
5.0%
4
Lebanon
CAD 51
7.0%
5
Oman
CAD 51
8.0%
6
Bahrain
CAD 51
8.0%
7
Kuwait
CAD 49
11.0%
8
Israel
CAD 48
13.2%
9
Turkey
CAD 46
15.8%
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.