Income tax calculator Ontario
Find out how much your salary is after tax
Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$63,007
Federal tax deduction
- $9,311
Provincial tax deduction
- $4,251
CPP deduction
- $3,388
EI deduction
- $951
Total tax
- $17,902
Net pay
*
$45,105
Marginal tax rate
34.2%
Average tax rate
28.4%
71.6%
Net pay
28.4%
Total tax
Total tax
Net pay
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Summary
If you make $63,007 a year living in the region of Ontario, Canada, you will be taxed $17,902. That means that your net pay will be $45,105 per year, or $3,759 per month. Your average tax rate is 28.4% 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.
Compare average tax
Europe
Country
Net pay
Average tax
Rank
Russia
CAD 54,816
13.0%
1
Switzerland
CAD 53,841
14.6%
2
Hungary
CAD 51,351
18.5%
3
Ukraine
CAD 50,721
19.5%
4
United Kingdom
CAD 49,543
21.4%
5
Ireland
CAD 49,469
21.5%
6
France
CAD 48,900
22.4%
7
Czech Republic
CAD 48,429
23.1%
8
Norway
CAD 47,445
24.7%
9
Spain
CAD 46,141
26.8%
10
Luxembourg
CAD 45,362
28.0%
11
Sweden
CAD 44,421
29.5%
12
Austria
CAD 44,143
29.9%
13
Denmark
CAD 42,448
32.6%
14
Greece
CAD 41,900
33.5%
15
Germany
CAD 40,512
35.7%
16
Poland
CAD 40,109
36.3%
17
Netherlands
CAD 39,651
37.1%
18
Finland
CAD 38,265
39.3%
19
Italy
CAD 37,875
39.9%
20
Romania
CAD 36,859
41.5%
21
Portugal
CAD 36,586
41.9%
22
Belgium
CAD 30,976
50.8%
23
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North America
Country
Net pay
Average tax
Rank
USA
CAD 49,933
20.8%
1
Canada
CAD 45,105
28.4%
2
Asia / Pacific
Country
Net pay
Average tax
Rank
Hong Kong
CAD 56,926
9.7%
1
Taiwan
CAD 54,903
12.9%
2
Thailand
CAD 52,401
16.8%
3
South Korea
CAD 51,000
19.1%
4
Kazakhstan
CAD 50,671
19.6%
5
Australia
CAD 49,978
20.7%
6
New Zealand
CAD 48,877
22.4%
7
Singapore
CAD 48,343
23.3%
8
Indonesia
CAD 47,723
24.3%
9
Pakistan
CAD 47,187
25.1%
10
Japan
CAD 46,890
25.6%
11
Malaysia
CAD 46,003
27.0%
12
Philippines
CAD 45,184
28.3%
13
Vietnam
CAD 43,292
31.3%
14
China
CAD 41,357
34.4%
15
India
CAD 39,014
38.1%
16
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Latin America
Country
Net pay
Average tax
Rank
Guatemala
CAD 56,849
9.8%
1
Puerto Rico
CAD 53,315
15.4%
2
Costa Rica
CAD 52,821
16.2%
3
Chile
CAD 51,830
17.7%
4
Ecuador
CAD 51,030
19.0%
5
Panama
CAD 49,965
20.7%
6
Colombia
CAD 48,689
22.7%
7
Peru
CAD 47,292
24.9%
8
Brazil
CAD 46,462
26.3%
9
Mexico
CAD 46,297
26.5%
10
Uruguay
CAD 43,331
31.2%
11
Argentina
CAD 40,945
35.0%
12
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Africa
Country
Net pay
Average tax
Rank
Angola
CAD 46,079
26.9%
1
South Africa
CAD 45,670
27.5%
2
Kenya
CAD 44,811
28.9%
3
Mozambique
CAD 44,035
30.1%
4
Ghana
CAD 43,069
31.6%
5
Nigeria
CAD 43,030
31.7%
6
Ivory Coast
CAD 41,988
33.4%
7
Morocco
CAD 41,329
34.4%
8
Cameroon
CAD 40,079
36.4%
9
Uganda
CAD 39,631
37.1%
10
Senegal
CAD 39,398
37.5%
11
Zambia
CAD 39,156
37.9%
12
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Middle East
Country
Net pay
Average tax
Rank
United Arab Emirates
CAD 59,857
5.0%
1
Qatar
CAD 59,857
5.0%
2
Bahrain
CAD 57,966
8.0%
3
Oman
CAD 57,966
8.0%
4
Saudi Arabia
CAD 56,706
10.0%
5
Kuwait
CAD 56,076
11.0%
6
Israel
CAD 49,902
20.8%
7
Egypt
CAD 47,640
24.4%
8
Lebanon
CAD 47,519
24.6%
9
Turkey
CAD 36,963
41.3%
10
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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.