Income tax calculator Ontario
Find out how much your salary is after tax
Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$67,212
Federal tax deduction
- $10,157
Provincial tax deduction
- $4,630
CPP deduction
- $3,500
EI deduction
- $953
Total tax
- $19,239
Net pay
*
$47,973
Marginal tax rate
29.7%
Average tax rate
28.6%
71.4%
Net pay
28.6%
Total tax
Total tax
Net pay
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The Taxberg
$47,973
Net pay
$4,834
Tax the employer pays
$19,239
Tax you pay
Total tax paid
$24,073
Did you know your employer also pays tax on your salary? It costs the employer $4,834 to pay you $67,212. In other words, every time you spend $10 of your hard-earned money, $3.58 goes to the government.
Real tax rate
33.4%
So, with you and the employer both paying tax, what used to be a 28.6% tax rate now rises to 33.4%, meaning your real tax rate is actually 4.8% higher than what it seemed at first.
Summary
If you make $67,212 a year living in the region of Ontario, Canada, you will be taxed $19,239. That means that your net pay will be $47,973 per year, or $3,998 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
Tax per region
Region
Net pay
Average tax
Rank
Nunavut
CAD 49,512
26.3%
1
British Columbia
CAD 48,790
27.4%
2
Northwest Territories
CAD 48,312
28.1%
3
Yukon
CAD 48,226
28.2%
4
Ontario
CAD 47,973
28.6%
5
Alberta
CAD 46,327
31.1%
6
Saskatchewan
CAD 45,604
32.1%
7
New Brunswick
CAD 45,494
32.3%
8
Newfoundland and Labrador
CAD 45,516
32.3%
9
Quebec
CAD 45,487
32.3%
10
Manitoba
CAD 45,185
32.8%
11
Prince Edward Island
CAD 44,949
33.1%
12
Nova Scotia
CAD 44,631
33.6%
13
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Europe
Country
Net pay
Average tax
Rank
Russia
CAD 58,474
13.0%
1
Switzerland
CAD 57,028
15.2%
2
Hungary
CAD 54,778
18.5%
3
Ukraine
CAD 54,106
19.5%
4
United Kingdom
CAD 52,349
22.1%
5
Ireland
CAD 51,634
23.2%
6
France
CAD 51,562
23.3%
7
Czech Republic
CAD 51,540
23.3%
8
Norway
CAD 50,221
25.3%
9
Spain
CAD 48,618
27.7%
10
Luxembourg
CAD 47,427
29.4%
11
Sweden
CAD 46,920
30.2%
12
Austria
CAD 46,541
30.8%
13
Denmark
CAD 45,278
32.6%
14
Greece
CAD 44,189
34.3%
15
Germany
CAD 42,664
36.5%
16
Poland
CAD 42,529
36.7%
17
Netherlands
CAD 42,297
37.1%
18
Finland
CAD 40,392
39.9%
19
Italy
CAD 39,841
40.7%
20
Romania
CAD 39,319
41.5%
21
Portugal
CAD 38,436
42.8%
22
Belgium
CAD 32,700
51.4%
23
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North America
Country
Net pay
Average tax
Rank
USA
CAD 53,044
21.1%
1
Canada
CAD 47,973
28.6%
2
Asia / Pacific
Country
Net pay
Average tax
Rank
Hong Kong
CAD 60,376
10.2%
1
Taiwan
CAD 58,202
13.4%
2
Thailand
CAD 55,554
17.3%
3
South Korea
CAD 54,151
19.4%
4
Kazakhstan
CAD 54,077
19.5%
5
Australia
CAD 52,732
21.5%
6
New Zealand
CAD 51,636
23.2%
7
Singapore
CAD 51,416
23.5%
8
Indonesia
CAD 50,578
24.8%
9
Pakistan
CAD 49,920
25.7%
10
Japan
CAD 49,755
26.0%
11
Malaysia
CAD 48,728
27.5%
12
Philippines
CAD 47,931
28.7%
13
Vietnam
CAD 45,976
31.6%
14
China
CAD 44,154
34.3%
15
India
CAD 41,402
38.4%
16
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Latin America
Country
Net pay
Average tax
Rank
Guatemala
CAD 60,570
9.9%
1
Puerto Rico
CAD 56,147
16.5%
2
Costa Rica
CAD 56,020
16.7%
3
Chile
CAD 55,445
17.5%
4
Ecuador
CAD 53,503
20.4%
5
Panama
CAD 53,146
20.9%
6
Colombia
CAD 51,486
23.4%
7
Peru
CAD 50,327
25.1%
8
Brazil
CAD 49,511
26.3%
9
Mexico
CAD 49,108
26.9%
10
Uruguay
CAD 45,885
31.7%
11
Argentina
CAD 43,678
35.0%
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.