Income tax calculator Ontario
Find out how much your salary is after tax
Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$55,172
Federal tax deduction
- $7,784
Provincial tax deduction
- $3,560
CPP deduction
- $2,945
EI deduction
- $872
Total tax
- $15,161
Net pay
*
$40,011
Marginal tax rate
35.5%
Average tax rate
27.5%
72.5%
Net pay
27.5%
Total tax
Total tax
Net pay
Want to send us feedback? Click here >
The Taxberg
$40,011
Net pay
$4,166
Tax the employer pays
$15,161
Tax you pay
Total tax paid
$19,327
Did you know your employer also pays tax on your salary? It costs the employer $4,166 to pay you $55,172. In other words, every time you spend $10 of your hard-earned money, $3.50 goes to the government.
Real tax rate
32.6%
So, with you and the employer both paying tax, what used to be a 27.5% tax rate now rises to 32.6%, meaning your real tax rate is actually 5.1% higher than what it seemed at first.
Summary
If you make $55,172 a year living in the region of Ontario, Canada, you will be taxed $15,161. That means that your net pay will be $40,011 per year, or $3,334 per month. Your average tax rate is 27.5% and your marginal tax rate is 35.5%. 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 $35.47, hence, your net pay will only increase by $64.53.
Bonus Example
A $1,000 bonus will generate an extra $645 of net incomes. A $5,000 bonus will generate an extra $3,227 of net incomes.
Compare average tax
Tax per region
Region
Net pay
Average tax
Rank
Nunavut
CAD 41,298
25.1%
1
British Columbia
CAD 40,653
26.3%
2
Northwest Territories
CAD 40,279
27.0%
3
Yukon
CAD 40,238
27.1%
4
Ontario
CAD 40,011
27.5%
5
Quebec
CAD 38,545
30.1%
6
Alberta
CAD 38,436
30.3%
7
New Brunswick
CAD 38,187
30.8%
8
Newfoundland and Labrador
CAD 38,174
30.8%
9
Saskatchewan
CAD 38,011
31.1%
10
Manitoba
CAD 37,620
31.8%
11
Prince Edward Island
CAD 37,611
31.8%
12
Nova Scotia
CAD 37,481
32.1%
13
Show more
North America
Country
Net pay
Average tax
Rank
USA
CAD 44,136
20.0%
1
Canada
CAD 40,011
27.5%
2
Asia / Pacific
Country
Net pay
Average tax
Rank
Hong Kong
CAD 50,538
8.4%
1
Taiwan
CAD 48,697
11.7%
2
Thailand
CAD 46,524
15.7%
3
South Korea
CAD 45,002
18.4%
4
Australia
CAD 44,846
18.7%
5
Kazakhstan
CAD 44,325
19.7%
6
New Zealand
CAD 43,648
20.9%
7
Singapore
CAD 42,629
22.7%
8
Indonesia
CAD 42,403
23.1%
9
Pakistan
CAD 41,968
23.9%
10
Japan
CAD 41,551
24.7%
11
Malaysia
CAD 40,922
25.8%
12
Philippines
CAD 40,065
27.4%
13
Vietnam
CAD 38,429
30.4%
14
China
CAD 36,499
33.8%
15
India
CAD 34,564
37.4%
16
Show more
Latin America
Country
Net pay
Average tax
Rank
Guatemala
CAD 49,870
9.6%
1
Puerto Rico
CAD 47,196
14.5%
2
Costa Rica
CAD 46,861
15.1%
3
Ecuador
CAD 45,379
17.8%
4
Chile
CAD 44,910
18.6%
5
Panama
CAD 44,038
20.2%
6
Colombia
CAD 43,292
21.5%
7
Peru
CAD 41,602
24.6%
8
Mexico
CAD 41,034
25.6%
9
Brazil
CAD 40,782
26.1%
10
Uruguay
CAD 38,574
30.1%
11
Argentina
CAD 35,852
35.0%
12
Show more
Africa
Country
Net pay
Average tax
Rank
South Africa
CAD 40,898
25.9%
1
Angola
CAD 40,379
26.8%
2
Kenya
CAD 39,326
28.7%
3
Mozambique
CAD 38,942
29.4%
4
Ghana
CAD 37,886
31.3%
5
Nigeria
CAD 37,701
31.7%
6
Ivory Coast
CAD 37,135
32.7%
7
Morocco
CAD 36,581
33.7%
8
Uganda
CAD 35,321
36.0%
9
Cameroon
CAD 35,308
36.0%
10
Senegal
CAD 34,697
37.1%
11
Zambia
CAD 34,338
37.8%
12
Show more
Middle East
Country
Net pay
Average tax
Rank
United Arab Emirates
CAD 52,413
5.0%
1
Qatar
CAD 52,413
5.0%
2
Bahrain
CAD 50,758
8.0%
3
Oman
CAD 50,758
8.0%
4
Saudi Arabia
CAD 49,655
10.0%
5
Kuwait
CAD 49,103
11.0%
6
Israel
CAD 44,386
19.6%
7
Egypt
CAD 41,764
24.3%
8
Lebanon
CAD 41,643
24.5%
9
Turkey
CAD 32,400
41.3%
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.