Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$60,221
Federal tax deduction
- $8,764
Provincial tax deduction
- $4,004
CPP deduction
- $3,233
EI deduction
- $948
Total tax
- $16,949
Net pay
* $43,272
Marginal tax rate
34.2%
Average tax rate
28.1%
71.9%
Net pay
28.1%
Total tax
Total tax
Net pay
The Taxberg
$43,272
Net pay
$4,560
Tax the employer pays
$16,949
Tax you pay
Total tax paid
$21,510
Did you know your employer also pays tax on your salary? It costs the employer $4,560 to pay you $60,221. 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.
People also ask
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Summary
If you make $60,221 a year living in the region of Ontario, Canada, you will be taxed $16,949. That means that your net pay will be $43,272 per year, or $3,606 per month. Your average tax rate is 28.2% 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 $34.20, hence, your net pay will only increase by $65.80.
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.
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
$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
Europe
Country 
Net pay
Average tax
Rank
Russia
CAD 52,392
13.0%
1
Switzerland
CAD 51,687
14.2%
2
Hungary
CAD 49,080
18.5%
3
Ukraine
CAD 48,478
19.5%
4
Ireland
CAD 48,034
20.2%
5
United Kingdom
CAD 47,683
20.8%
6
France
CAD 47,136
21.7%
7
Czech Republic
CAD 46,367
23.0%
8
Norway
CAD 45,606
24.3%
9
Spain
CAD 44,502
26.1%
10
Luxembourg
CAD 43,983
27.0%
11
Austria
CAD 42,537
29.4%
12
Sweden
CAD 42,523
29.4%
13
Denmark
CAD 40,574
32.6%
14
Greece
CAD 40,368
33.0%
15
Germany
CAD 39,081
35.1%
16
Poland
CAD 38,588
35.9%
17
Netherlands
CAD 37,897
37.1%
18
Finland
CAD 36,849
38.8%
19
Italy
CAD 36,573
39.3%
20
Portugal
CAD 35,360
41.3%
21
Romania
CAD 35,229
41.5%
22
Belgium
CAD 29,830
50.5%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 47,872
20.5%
1
Canada
CAD 43,272
28.2%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 54,662
9.2%
1
Taiwan
CAD 52,717
12.5%
2
Thailand
CAD 50,311
16.5%
3
South Korea
CAD 48,866
18.9%
4
Kazakhstan
CAD 48,414
19.6%
5
Australia
CAD 48,153
20.0%
6
New Zealand
CAD 47,049
21.9%
7
Singapore
CAD 46,312
23.1%
8
Indonesia
CAD 45,831
23.9%
9
Pakistan
CAD 45,365
24.7%
10
Japan
CAD 44,991
25.3%
11
Malaysia
CAD 44,180
26.6%
12
Philippines
CAD 43,364
28.0%
13
Vietnam
CAD 41,561
31.0%
14
China
CAD 39,629
34.2%
15
India
CAD 37,432
37.8%
16
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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.