Income Tax Calculator Ontario

Find out how much your salary is after tax

Enter your gross income

Salary rate

Withholding

Salary $60,000

EI deduction - $948

CPP deduction - $3,221

Federal tax deduction - $8,721

Provincial tax deduction - $3,984

Total tax - $16,874

Net pay * $43,126

Marginal tax rate 34.2%

Average tax rate 28.1%

28.1%Total tax

71.9%

Net pay

The Taxberg

$43,126

Net pay

$4,548

Tax the employer pays

$16,874

Tax you pay

Total tax paid

$21,422

Did you know your employer also pays tax on your salary? It costs the employer $4,548 to pay you $60,000. 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 $60,000 a year living in the region of Ontario, Canada, you will be taxed $16,874. That means that your net pay will be $43,126 per year, or $3,594 per month. Your average tax rate is 28.1% and your marginal tax rate is 34.2%. 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 $34.2, hence, your net pay will only increase by $65.8.

Bonus Example

A $1,000 bonus will generate an extra $658 of net incomes. A $5,000 bonus will generate an extra $3,290 of net incomes.

Province

AlbertaBritish ColumbiaManitobaNew BrunswickNewfoundland and LabradorNorthwest TerritoriesNova ScotiaNunavutOntarioPrince Edward IslandQuebecSaskatchewanYukon

Tax per income

$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$69,500$70,000

Tax per region

Country	Net pay	Average tax	Rank
Nunavut	CAD 44,514	25.8%	1
British Columbia	CAD 43,839	26.9%	2
Northwest Territories	CAD 43,424	27.6%	3
Manitoba	CAD 40,582	32.4%	11
Prince Edward Island	CAD 40,518	32.5%	12
Nova Scotia	CAD 40,316	32.8%	13

NOTE* Withholding is calculated based on the Ontario tables of CA, 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.