Income tax calculator Ontario
Find out how much your salary is after tax
Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$64,454
Federal tax deduction
- $9,596
Provincial tax deduction
- $4,379
CPP deduction
- $3,469
EI deduction
- $952
Total tax
- $18,397
Net pay
*
$46,057
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
$46,057
Net pay
$4,802
Tax the employer pays
$18,397
Tax you pay
Total tax paid
$23,199
Did you know your employer also pays tax on your salary? It costs the employer $4,802 to pay you $64,454. 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 $64,454 a year living in the region of Ontario, Canada, you will be taxed $18,397. That means that your net pay will be $46,057 per year, or $3,838 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 $34.19, 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
North America
Country
Net pay
Average tax
Rank
USA
CAD 51,004
20.9%
1
Canada
CAD 46,057
28.5%
2
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.