Income tax calculator Ontario
Find out how much your salary is after tax
Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$61,048
Federal tax deduction
- $8,927
Provincial tax deduction
- $4,077
CPP deduction
- $3,279
EI deduction
- $949
Total tax
- $17,232
Net pay
*
$43,816
Marginal tax rate
34.2%
Average tax rate
28.2%
71.8%
Net pay
28.2%
Total tax
Total tax
Net pay
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The Taxberg
$43,816
Net pay
$4,608
Tax the employer pays
$17,232
Tax you pay
Total tax paid
$21,840
Did you know your employer also pays tax on your salary? It costs the employer $4,608 to pay you $61,048. In other words, every time you spend $10 of your hard-earned money, $3.58 goes to the government.
Real tax rate
33.3%
So, with you and the employer both paying tax, what used to be a 28.2% tax rate now rises to 33.3%, meaning your real tax rate is actually 5.1% higher than what it seemed at first.
Summary
If you make $61,048 a year living in the region of Ontario, Canada, you will be taxed $17,232. That means that your net pay will be $43,816 per year, or $3,651 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 $34.19, hence, your net pay will only increase by $65.81.
Bonus Example
A $1,000 bonus will generate an extra $658 of net incomes. A $5,000 bonus will generate an extra $3,291 of net incomes.
Compare average tax
Tax per region
Region
Net pay
Average tax
Rank
Nunavut
CAD 45,225
25.9%
1
British Columbia
CAD 44,544
27.0%
2
Northwest Territories
CAD 44,120
27.7%
3
Yukon
CAD 44,057
27.8%
4
Ontario
CAD 43,816
28.2%
5
Alberta
CAD 42,211
30.9%
6
Quebec
CAD 41,849
31.4%
7
New Brunswick
CAD 41,677
31.7%
8
Newfoundland and Labrador
CAD 41,680
31.7%
9
Saskatchewan
CAD 41,641
31.8%
10
Manitoba
CAD 41,237
32.5%
11
Prince Edward Island
CAD 41,156
32.6%
12
Nova Scotia
CAD 40,929
33.0%
13
Show more
Europe
Country
Net pay
Average tax
Rank
Russia
CAD 53,112
13.0%
1
Switzerland
CAD 52,326
14.3%
2
Hungary
CAD 49,754
18.5%
3
Ukraine
CAD 49,144
19.5%
4
Ireland
CAD 48,460
20.6%
5
United Kingdom
CAD 48,235
21.0%
6
France
CAD 47,660
21.9%
7
Czech Republic
CAD 46,979
23.1%
8
Norway
CAD 46,152
24.4%
9
Spain
CAD 44,989
26.3%
10
Luxembourg
CAD 44,392
27.3%
11
Sweden
CAD 43,101
29.4%
12
Austria
CAD 43,014
29.5%
13
Denmark
CAD 41,130
32.6%
14
Greece
CAD 40,823
33.1%
15
Germany
CAD 39,506
35.3%
16
Poland
CAD 39,025
36.1%
17
Netherlands
CAD 38,418
37.1%
18
Finland
CAD 37,270
39.0%
19
Italy
CAD 36,959
39.5%
20
Portugal
CAD 35,724
41.5%
21
Romania
CAD 35,713
41.5%
22
Belgium
CAD 30,170
50.6%
23
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North America
Country
Net pay
Average tax
Rank
USA
CAD 48,484
20.6%
1
Canada
CAD 43,816
28.2%
2
Asia / Pacific
Country
Net pay
Average tax
Rank
Hong Kong
CAD 55,334
9.4%
1
Taiwan
CAD 53,366
12.6%
2
Thailand
CAD 50,931
16.6%
3
South Korea
CAD 49,499
18.9%
4
Kazakhstan
CAD 49,084
19.6%
5
Australia
CAD 48,695
20.2%
6
New Zealand
CAD 47,592
22.0%
7
Singapore
CAD 46,915
23.2%
8
Indonesia
CAD 46,393
24.0%
9
Pakistan
CAD 45,906
24.8%
10
Japan
CAD 45,555
25.4%
11
Malaysia
CAD 44,721
26.7%
12
Philippines
CAD 43,904
28.1%
13
Vietnam
CAD 42,075
31.1%
14
China
CAD 40,142
34.2%
15
India
CAD 37,901
37.9%
16
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Latin America
Country
Net pay
Average tax
Rank
Guatemala
CAD 55,115
9.7%
1
Puerto Rico
CAD 51,800
15.2%
2
Costa Rica
CAD 51,331
15.9%
3
Chile
CAD 50,137
17.9%
4
Ecuador
CAD 49,636
18.7%
5
Panama
CAD 48,483
20.6%
6
Colombia
CAD 47,379
22.4%
7
Peru
CAD 45,869
24.9%
8
Brazil
CAD 45,042
26.2%
9
Mexico
CAD 44,984
26.3%
10
Uruguay
CAD 42,142
31.0%
11
Argentina
CAD 39,672
35.0%
12
Show more
Africa
Country
Net pay
Average tax
Rank
Angola
CAD 44,654
26.9%
1
South Africa
CAD 44,482
27.1%
2
Kenya
CAD 43,439
28.8%
3
Mozambique
CAD 42,762
30.0%
4
Ghana
CAD 41,773
31.6%
5
Nigeria
CAD 41,698
31.7%
6
Ivory Coast
CAD 40,774
33.2%
7
Morocco
CAD 40,142
34.3%
8
Cameroon
CAD 38,886
36.3%
9
Uganda
CAD 38,553
36.9%
10
Senegal
CAD 38,222
37.4%
11
Zambia
CAD 37,951
37.8%
12
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Middle East
Country
Net pay
Average tax
Rank
United Arab Emirates
CAD 57,996
5.0%
1
Qatar
CAD 57,996
5.0%
2
Bahrain
CAD 56,164
8.0%
3
Oman
CAD 56,164
8.0%
4
Saudi Arabia
CAD 54,943
10.0%
5
Kuwait
CAD 54,333
11.0%
6
Israel
CAD 48,523
20.5%
7
Egypt
CAD 46,171
24.4%
8
Lebanon
CAD 46,050
24.6%
9
Turkey
CAD 35,822
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.