Income tax calculator Ontario
Find out how much your salary is after tax
Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$63,047
Federal tax deduction
- $9,319
Provincial tax deduction
- $4,255
CPP deduction
- $3,391
EI deduction
- $951
Total tax
- $17,915
Net pay
*
$45,132
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 $63,047 a year living in the region of Ontario, Canada, you will be taxed $17,915. That means that your net pay will be $45,132 per year, or $3,761 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 $34.19, 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.
Europe
Country
Net pay
Average tax
Rank
Russia
CAD 54,851
13.0%
1
Switzerland
CAD 53,871
14.6%
2
Hungary
CAD 51,383
18.5%
3
Ukraine
CAD 50,753
19.5%
4
United Kingdom
CAD 49,569
21.4%
5
Ireland
CAD 49,489
21.5%
6
France
CAD 48,925
22.4%
7
Czech Republic
CAD 48,458
23.1%
8
Norway
CAD 47,472
24.7%
9
Spain
CAD 46,164
26.8%
10
Luxembourg
CAD 45,381
28.0%
11
Sweden
CAD 44,448
29.5%
12
Austria
CAD 44,166
30.0%
13
Denmark
CAD 42,475
32.6%
14
Greece
CAD 41,922
33.5%
15
Germany
CAD 40,533
35.7%
16
Poland
CAD 40,132
36.4%
17
Netherlands
CAD 39,676
37.1%
18
Finland
CAD 38,286
39.3%
19
Italy
CAD 37,894
39.9%
20
Romania
CAD 36,882
41.5%
21
Portugal
CAD 36,604
41.9%
22
Belgium
CAD 30,993
50.8%
23
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North America
Country
Net pay
Average tax
Rank
USA
CAD 49,963
20.8%
1
Canada
CAD 45,132
28.4%
2
Asia / Pacific
Country
Net pay
Average tax
Rank
Hong Kong
CAD 56,958
9.7%
1
Taiwan
CAD 54,934
12.9%
2
Thailand
CAD 52,431
16.8%
3
South Korea
CAD 51,031
19.1%
4
Kazakhstan
CAD 50,703
19.6%
5
Australia
CAD 50,004
20.7%
6
New Zealand
CAD 48,903
22.4%
7
Singapore
CAD 48,372
23.3%
8
Indonesia
CAD 47,750
24.3%
9
Pakistan
CAD 47,213
25.1%
10
Japan
CAD 46,917
25.6%
11
Malaysia
CAD 46,029
27.0%
12
Philippines
CAD 45,210
28.3%
13
Vietnam
CAD 43,317
31.3%
14
China
CAD 41,382
34.4%
15
India
CAD 39,037
38.1%
16
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Latin America
Country
Net pay
Average tax
Rank
Guatemala
CAD 56,884
9.8%
1
Puerto Rico
CAD 53,342
15.4%
2
Costa Rica
CAD 52,852
16.2%
3
Chile
CAD 51,864
17.7%
4
Ecuador
CAD 51,054
19.0%
5
Panama
CAD 49,995
20.7%
6
Colombia
CAD 48,715
22.7%
7
Peru
CAD 47,321
24.9%
8
Brazil
CAD 46,491
26.3%
9
Mexico
CAD 46,324
26.5%
10
Uruguay
CAD 43,356
31.2%
11
Argentina
CAD 40,971
35.0%
12
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Africa
Country
Net pay
Average tax
Rank
Angola
CAD 46,108
26.9%
1
South Africa
CAD 45,694
27.5%
2
Kenya
CAD 44,839
28.9%
3
Mozambique
CAD 44,061
30.1%
4
Ghana
CAD 43,095
31.7%
5
Nigeria
CAD 43,058
31.7%
6
Ivory Coast
CAD 42,012
33.4%
7
Morocco
CAD 41,353
34.4%
8
Cameroon
CAD 40,103
36.4%
9
Uganda
CAD 39,653
37.1%
10
Senegal
CAD 39,422
37.5%
11
Zambia
CAD 39,181
37.9%
12
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Middle East
Country
Net pay
Average tax
Rank
United Arab Emirates
CAD 59,895
5.0%
1
Qatar
CAD 59,895
5.0%
2
Bahrain
CAD 58,003
8.0%
3
Oman
CAD 58,003
8.0%
4
Saudi Arabia
CAD 56,742
10.0%
5
Kuwait
CAD 56,112
11.0%
6
Israel
CAD 49,930
20.8%
7
Egypt
CAD 47,670
24.4%
8
Lebanon
CAD 47,549
24.6%
9
Turkey
CAD 36,986
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.