Income tax calculator Ontario
Find out how much your salary is after tax
Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$66,067
Federal tax deduction
- $9,922
Provincial tax deduction
- $4,525
CPP deduction
- $3,500
EI deduction
- $953
Total tax
- $18,900
Net pay
*
$47,167
Marginal tax rate
29.6%
Average tax rate
28.6%
71.4%
Net pay
28.6%
Total tax
Total tax
Net pay
Want to send us feedback? Click here >
The Taxberg
$47,167
Net pay
$4,834
Tax the employer pays
$18,900
Tax you pay
Total tax paid
$23,733
Did you know your employer also pays tax on your salary? It costs the employer $4,834 to pay you $66,067. In other words, every time you spend $10 of your hard-earned money, $3.59 goes to the government.
Real tax rate
33.5%
So, with you and the employer both paying tax, what used to be a 28.6% tax rate now rises to 33.5%, meaning your real tax rate is actually 4.9% higher than what it seemed at first.
Summary
If you make $66,067 a year living in the region of Ontario, Canada, you will be taxed $18,900. That means that your net pay will be $47,167 per year, or $3,931 per month. Your average tax rate is 28.6% and your marginal tax rate is 29.7%. 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 $29.65, hence, your net pay will only increase by $70.35.
Bonus Example
A $1,000 bonus will generate an extra $704 of net incomes. A $5,000 bonus will generate an extra $3,518 of net incomes.
Compare average tax
North America
Country
Net pay
Average tax
Rank
USA
CAD 52,197
21.0%
1
Canada
CAD 47,167
28.6%
2
Africa
Country
Net pay
Average tax
Rank
Angola
CAD 48,305
26.9%
1
South Africa
CAD 47,483
28.1%
2
Kenya
CAD 46,953
28.9%
3
Mozambique
CAD 46,024
30.3%
4
Nigeria
CAD 45,112
31.7%
5
Ghana
CAD 45,093
31.8%
6
Ivory Coast
CAD 43,883
33.6%
7
Morocco
CAD 43,184
34.6%
8
Cameroon
CAD 41,942
36.5%
9
Uganda
CAD 41,314
37.5%
10
Senegal
CAD 41,234
37.6%
11
Zambia
CAD 41,038
37.9%
12
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.