Income tax calculator Ontario
Find out how much your salary is after tax
Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$5,542
Federal tax deduction
- $608
Provincial tax deduction
- $36.88
CPP deduction
- $116
EI deduction
- $87.56
Total tax
- $848
Net pay
*
$4,694
Marginal tax rate
28.0%
Average tax rate
15.3%
84.7%
Net pay
15.3%
Total tax
Total tax
Net pay
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The Taxberg
$4,694
Net pay
$239
Tax the employer pays
$848
Tax you pay
Total tax paid
$1,087
Did you know your employer also pays tax on your salary? It costs the employer $239 to pay you $5,542. In other words, every time you spend $10 of your hard-earned money, $1.96 goes to the government.
Real tax rate
18.8%
So, with you and the employer both paying tax, what used to be a 15.3% tax rate now rises to 18.8%, meaning your real tax rate is actually 3.5% higher than what it seemed at first.
Summary
If you make $5,542 a year living in the region of Ontario, Canada, you will be taxed $848. That means that your net pay will be $4,694 per year, or $391 per month. Your average tax rate is 15.3% and your marginal tax rate is 28.0%. 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 $27.99, hence, your net pay will only increase by $72.01.
Bonus Example
A $1,000 bonus will generate an extra $720 of net incomes. A $5,000 bonus will generate an extra $3,601 of net incomes.
Compare average tax
Tax per region
Region
Net pay
Average tax
Rank
Quebec
CAD 4,817
13.1%
1
British Columbia
CAD 4,730
14.6%
2
Ontario
CAD 4,694
15.3%
3
Nunavut
CAD 4,517
18.5%
4
Yukon
CAD 4,471
19.3%
5
Northwest Territories
CAD 4,415
20.3%
6
Newfoundland and Labrador
CAD 4,266
23.0%
7
Nova Scotia
CAD 4,261
23.1%
8
New Brunswick
CAD 4,229
23.7%
9
Prince Edward Island
CAD 4,207
24.1%
10
Alberta
CAD 4,197
24.3%
11
Saskatchewan
CAD 4,170
24.8%
12
Manitoba
CAD 4,154
25.0%
13
Show more
North America
Country
Net pay
Average tax
Rank
USA
CAD 5,062
8.7%
1
Canada
CAD 4,694
15.3%
2
Latin America
Country
Net pay
Average tax
Rank
Mexico
CAD 5,242
5.4%
1
Colombia
CAD 5,549
7.4%
2
Puerto Rico
CAD 5,101
8.0%
3
Brazil
CAD 5,091
8.1%
4
Ecuador
CAD 5,018
9.5%
5
Guatemala
CAD 5,011
9.6%
6
Costa Rica
CAD 4,960
10.5%
7
Panama
CAD 4,932
11.0%
8
Peru
CAD 4,849
12.5%
9
Chile
CAD 4,567
17.6%
10
Uruguay
CAD 4,428
20.1%
11
Argentina
CAD 3,742
32.5%
12
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Middle East
Country
Net pay
Average tax
Rank
Saudi Arabia
CAD 5,542
0.0%
1
United Arab Emirates
CAD 5,265
5.0%
2
Qatar
CAD 5,265
5.0%
3
Bahrain
CAD 5,099
8.0%
4
Oman
CAD 5,099
8.0%
5
Kuwait
CAD 4,932
11.0%
6
Israel
CAD 4,813
13.2%
7
Lebanon
CAD 4,420
20.2%
8
Egypt
CAD 4,375
21.1%
9
Turkey
CAD 3,492
37.0%
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.