Income tax calculator Ontario
Find out how much your salary is after tax
Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$59,730
Federal tax deduction
- $8,668
Provincial tax deduction
- $3,961
CPP deduction
- $3,205
EI deduction
- $944
Total tax
- $16,778
Net pay
*
$42,952
Marginal tax rate
35.5%
Average tax rate
28.1%
71.9%
Net pay
28.1%
Total tax
Total tax
Net pay
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The Taxberg
$42,952
Net pay
$4,526
Tax the employer pays
$16,778
Tax you pay
Total tax paid
$21,304
Did you know your employer also pays tax on your salary? It costs the employer $4,526 to pay you $59,730. In other words, every time you spend $10 of your hard-earned money, $3.57 goes to the government.
Real tax rate
33.2%
So, with you and the employer both paying tax, what used to be a 28.1% tax rate now rises to 33.2%, meaning your real tax rate is actually 5.1% higher than what it seemed at first.
Summary
If you make $59,730 a year living in the region of Ontario, Canada, you will be taxed $16,778. That means that your net pay will be $42,952 per year, or $3,579 per month. Your average tax rate is 28.1% 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 44,334
25.8%
1
British Columbia
CAD 43,661
26.9%
2
Northwest Territories
CAD 43,248
27.6%
3
Yukon
CAD 43,190
27.7%
4
Ontario
CAD 42,952
28.1%
5
Alberta
CAD 41,355
30.8%
6
Quebec
CAD 41,099
31.2%
7
New Brunswick
CAD 40,884
31.6%
8
Newfoundland and Labrador
CAD 40,884
31.6%
9
Saskatchewan
CAD 40,817
31.7%
10
Manitoba
CAD 40,416
32.3%
11
Prince Edward Island
CAD 40,356
32.4%
12
Nova Scotia
CAD 40,158
32.8%
13
Show more
North America
Country
Net pay
Average tax
Rank
USA
CAD 47,509
20.5%
1
Canada
CAD 42,952
28.1%
2
Asia / Pacific
Country
Net pay
Average tax
Rank
Hong Kong
CAD 54,263
9.2%
1
Taiwan
CAD 52,332
12.4%
2
Thailand
CAD 49,943
16.4%
3
South Korea
CAD 48,491
18.8%
4
Kazakhstan
CAD 48,017
19.6%
5
Australia
CAD 47,831
19.9%
6
New Zealand
CAD 46,727
21.8%
7
Singapore
CAD 45,955
23.1%
8
Indonesia
CAD 45,498
23.8%
9
Pakistan
CAD 45,044
24.6%
10
Japan
CAD 44,657
25.2%
11
Malaysia
CAD 43,859
26.6%
12
Philippines
CAD 43,043
27.9%
13
Vietnam
CAD 41,256
30.9%
14
China
CAD 39,325
34.2%
15
India
CAD 37,153
37.8%
16
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Latin America
Country
Net pay
Average tax
Rank
Guatemala
CAD 53,948
9.7%
1
Puerto Rico
CAD 50,768
15.0%
2
Costa Rica
CAD 50,328
15.7%
3
Chile
CAD 48,994
18.0%
4
Ecuador
CAD 48,681
18.5%
5
Panama
CAD 47,486
20.5%
6
Colombia
CAD 46,482
22.2%
7
Peru
CAD 44,912
24.8%
8
Mexico
CAD 44,098
26.2%
9
Brazil
CAD 44,087
26.2%
10
Uruguay
CAD 41,341
30.8%
11
Argentina
CAD 38,815
35.0%
12
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Africa
Country
Net pay
Average tax
Rank
Angola
CAD 43,695
26.9%
1
South Africa
CAD 43,678
26.9%
2
Kenya
CAD 42,517
28.8%
3
Mozambique
CAD 41,905
29.8%
4
Ghana
CAD 40,901
31.5%
5
Nigeria
CAD 40,801
31.7%
6
Ivory Coast
CAD 39,958
33.1%
7
Morocco
CAD 39,343
34.1%
8
Cameroon
CAD 38,083
36.2%
9
Uganda
CAD 37,828
36.7%
10
Senegal
CAD 37,431
37.3%
11
Zambia
CAD 37,141
37.8%
12
Show more
Middle East
Country
Net pay
Average tax
Rank
United Arab Emirates
CAD 56,744
5.0%
1
Qatar
CAD 56,744
5.0%
2
Bahrain
CAD 54,952
8.0%
3
Oman
CAD 54,952
8.0%
4
Saudi Arabia
CAD 53,757
10.0%
5
Kuwait
CAD 53,160
11.0%
6
Israel
CAD 47,595
20.3%
7
Egypt
CAD 45,182
24.4%
8
Lebanon
CAD 45,061
24.6%
9
Turkey
CAD 35,054
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.