Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$59,342
Federal tax deduction
- $8,593
Provincial tax deduction
- $3,927
CPP deduction
- $3,183
EI deduction
- $938
Total tax
- $16,640
Net pay
* $42,702
Marginal tax rate
35.5%
Average tax rate
28.0%
72.0%
Net pay
28.0%
Total tax
Total tax
Net pay
The Taxberg
$42,702
Net pay
$4,496
Tax the employer pays
$16,640
Tax you pay
Total tax paid
$21,136
Did you know your employer also pays tax on your salary? It costs the employer $4,496 to pay you $59,342. In other words, every time you spend $10 of your hard-earned money, $3.56 goes to the government.
Real tax rate
33.1%
So, with you and the employer both paying tax, what used to be a 28% tax rate now rises to 33.1%, meaning your real tax rate is actually 5.1% higher than what it seemed at first.
People also ask
$59,342 yearly is how much per hour?
$30.43 hourly is how much per year?
What is the average salary in Canada?
Summary
If you make $59,342 a year living in the region of Ontario, Canada, you will be taxed $16,640. That means that your net pay will be $42,702 per year, or $3,558 per month. Your average tax rate is 28.0% 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 $35.48, hence, your net pay will only increase by $64.52.
Bonus Example
A $1,000 bonus will generate an extra $645 of net incomes. A $5,000 bonus will generate an extra $3,226 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
$59,500
$60,000
$60,500
$61,000
$61,500
$62,000
$62,500
$63,000
$63,500
$64,000
$64,500
$65,000
$65,500
$66,000
$66,500
$67,000
$67,500
$68,000
$68,500
$69,000
Tax per region
Region
Net pay
Average tax
Rank
Nunavut
CAD 44,075
25.7%
1
British Columbia
CAD 43,405
26.9%
2
Northwest Territories
CAD 42,995
27.5%
3
Yukon
CAD 42,939
27.6%
4
Ontario
CAD 42,702
28.0%
5
Alberta
CAD 41,106
30.7%
6
Quebec
CAD 40,881
31.1%
7
New Brunswick
CAD 40,654
31.5%
8
Newfoundland and Labrador
CAD 40,653
31.5%
9
Saskatchewan
CAD 40,578
31.6%
10
Manitoba
CAD 40,178
32.3%
11
Prince Edward Island
CAD 40,122
32.4%
12
Nova Scotia
CAD 39,930
32.7%
13
Show more
Europe
Country 
Net pay
Average tax
Rank
Russia
CAD 51,628
13.0%
1
Switzerland
CAD 51,007
14.0%
2
Hungary
CAD 48,364
18.5%
3
Ukraine
CAD 47,770
19.5%
4
Ireland
CAD 47,581
19.8%
5
United Kingdom
CAD 47,096
20.6%
6
France
CAD 46,580
21.5%
7
Czech Republic
CAD 45,716
23.0%
8
Norway
CAD 45,026
24.1%
9
Spain
CAD 43,986
25.9%
10
Luxembourg
CAD 43,548
26.6%
11
Austria
CAD 42,031
29.2%
12
Sweden
CAD 41,907
29.4%
13
Denmark
CAD 39,983
32.6%
14
Greece
CAD 39,885
32.8%
15
Germany
CAD 38,630
34.9%
16
Poland
CAD 38,123
35.8%
17
Netherlands
CAD 37,344
37.1%
18
Finland
CAD 36,403
38.7%
19
Italy
CAD 36,162
39.1%
20
Portugal
CAD 34,974
41.1%
21
Romania
CAD 34,715
41.5%
22
Belgium
CAD 29,468
50.3%
23
Show more
North America
Country 
Net pay
Average tax
Rank
USA
CAD 47,221
20.4%
1
Canada
CAD 42,702
28.0%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 53,948
9.1%
1
Taiwan
CAD 52,028
12.3%
2
Thailand
CAD 49,652
16.3%
3
South Korea
CAD 48,194
18.8%
4
Kazakhstan
CAD 47,702
19.6%
5
Australia
CAD 47,577
19.8%
6
New Zealand
CAD 46,472
21.7%
7
Singapore
CAD 45,672
23.0%
8
Indonesia
CAD 45,234
23.8%
9
Pakistan
CAD 44,783
24.5%
10
Japan
CAD 44,392
25.2%
11
Malaysia
CAD 43,609
26.5%
12
Philippines
CAD 42,790
27.9%
13
Vietnam
CAD 41,015
30.9%
14
China
CAD 39,084
34.1%
15
India
CAD 36,932
37.8%
16
Show more
Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 53,605
9.7%
1
Puerto Rico
CAD 50,464
15.0%
2
Costa Rica
CAD 50,033
15.7%
3
Chile
CAD 48,658
18.0%
4
Ecuador
CAD 48,400
18.4%
5
Panama
CAD 47,193
20.5%
6
Colombia
CAD 46,210
22.1%
7
Peru
CAD 44,630
24.8%
8
Mexico
CAD 43,837
26.1%
9
Brazil
CAD 43,805
26.2%
10
Uruguay
CAD 41,106
30.7%
11
Argentina
CAD 38,563
35.0%
12
Show more
Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 43,441
26.8%
1
Angola
CAD 43,413
26.8%
2
Kenya
CAD 42,245
28.8%
3
Mozambique
CAD 41,653
29.8%
4
Ghana
CAD 40,644
31.5%
5
Nigeria
CAD 40,538
31.7%
6
Ivory Coast
CAD 39,718
33.1%
7
Morocco
CAD 39,108
34.1%
8
Cameroon
CAD 37,847
36.2%
9
Uganda
CAD 37,615
36.6%
10
Senegal
CAD 37,199
37.3%
11
Zambia
CAD 36,902
37.8%
12
Show more
Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 56,375
5.0%
1
Qatar
CAD 56,375
5.0%
2
Bahrain
CAD 54,595
8.0%
3
Oman
CAD 54,595
8.0%
4
Saudi Arabia
CAD 53,408
10.0%
5
Kuwait
CAD 52,814
11.0%
6
Israel
CAD 47,322
20.3%
7
Egypt
CAD 44,891
24.4%
8
Lebanon
CAD 44,770
24.6%
9
Turkey
CAD 34,828
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.