Income tax calculator Ontario
Find out how much your salary is after tax
Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$64,012
Federal tax deduction
- $9,509
Provincial tax deduction
- $4,340
CPP deduction
- $3,445
EI deduction
- $952
Total tax
- $18,245
Net pay
*
$45,767
Marginal tax rate
34.2%
Average tax rate
28.5%
71.5%
Net pay
28.5%
Total tax
Total tax
Net pay
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The Taxberg
$45,767
Net pay
$4,777
Tax the employer pays
$18,245
Tax you pay
Total tax paid
$23,023
Did you know your employer also pays tax on your salary? It costs the employer $4,777 to pay you $64,012. In other words, every time you spend $10 of your hard-earned money, $3.60 goes to the government.
Real tax rate
33.5%
So, with you and the employer both paying tax, what used to be a 28.5% tax rate now rises to 33.5%, meaning your real tax rate is actually 5% higher than what it seemed at first.
Summary
If you make $64,012 a year living in the region of Ontario, Canada, you will be taxed $18,245. That means that your net pay will be $45,767 per year, or $3,814 per month. Your average tax rate is 28.5% 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
Tax per region
Region
Net pay
Average tax
Rank
Nunavut
CAD 47,238
26.2%
1
British Columbia
CAD 46,537
27.3%
2
Northwest Territories
CAD 46,088
28.0%
3
Yukon
CAD 46,014
28.1%
4
Ontario
CAD 45,767
28.5%
5
Alberta
CAD 44,145
31.0%
6
Quebec
CAD 43,541
32.0%
7
Saskatchewan
CAD 43,502
32.0%
8
New Brunswick
CAD 43,466
32.1%
9
Newfoundland and Labrador
CAD 43,478
32.1%
10
Manitoba
CAD 43,091
32.7%
11
Prince Edward Island
CAD 42,959
32.9%
12
Nova Scotia
CAD 42,663
33.4%
13
Show more
North America
Country
Net pay
Average tax
Rank
USA
CAD 50,677
20.8%
1
Canada
CAD 45,767
28.5%
2
Asia / Pacific
Country
Net pay
Average tax
Rank
Hong Kong
CAD 57,747
9.8%
1
Taiwan
CAD 55,691
13.0%
2
Thailand
CAD 53,154
17.0%
3
South Korea
CAD 51,770
19.1%
4
Kazakhstan
CAD 51,485
19.6%
5
Australia
CAD 50,636
20.9%
6
New Zealand
CAD 49,536
22.6%
7
Singapore
CAD 49,077
23.3%
8
Indonesia
CAD 48,405
24.4%
9
Pakistan
CAD 47,840
25.3%
10
Japan
CAD 47,575
25.7%
11
Malaysia
CAD 46,661
27.1%
12
Philippines
CAD 45,841
28.4%
13
Vietnam
CAD 43,917
31.4%
14
China
CAD 41,980
34.4%
15
India
CAD 39,585
38.2%
16
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Latin America
Country
Net pay
Average tax
Rank
Guatemala
CAD 57,738
9.8%
1
Puerto Rico
CAD 53,992
15.7%
2
Costa Rica
CAD 53,586
16.3%
3
Chile
CAD 52,694
17.7%
4
Ecuador
CAD 51,621
19.4%
5
Panama
CAD 50,725
20.8%
6
Colombia
CAD 49,361
22.9%
7
Peru
CAD 48,022
25.0%
8
Brazil
CAD 47,191
26.3%
9
Mexico
CAD 46,969
26.6%
10
Uruguay
CAD 43,942
31.4%
11
Argentina
CAD 41,598
35.0%
12
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Africa
Country
Net pay
Average tax
Rank
Angola
CAD 46,810
26.9%
1
South Africa
CAD 46,265
27.7%
2
Kenya
CAD 45,514
28.9%
3
Mozambique
CAD 44,688
30.2%
4
Ghana
CAD 43,733
31.7%
5
Nigeria
CAD 43,714
31.7%
6
Ivory Coast
CAD 42,610
33.4%
7
Morocco
CAD 41,938
34.5%
8
Cameroon
CAD 40,690
36.4%
9
Uganda
CAD 40,183
37.2%
10
Senegal
CAD 40,001
37.5%
11
Zambia
CAD 39,774
37.9%
12
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Middle East
Country
Net pay
Average tax
Rank
United Arab Emirates
CAD 60,811
5.0%
1
Qatar
CAD 60,811
5.0%
2
Bahrain
CAD 58,891
8.0%
3
Oman
CAD 58,891
8.0%
4
Saudi Arabia
CAD 57,611
10.0%
5
Kuwait
CAD 56,971
11.0%
6
Israel
CAD 50,610
20.9%
7
Egypt
CAD 48,394
24.4%
8
Lebanon
CAD 48,273
24.6%
9
Turkey
CAD 37,548
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.