Income tax calculator Ontario
Find out how much your salary is after tax
Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$68,049
Federal tax deduction
- $10,328
Provincial tax deduction
- $4,707
CPP deduction
- $3,500
EI deduction
- $953
Total tax
- $19,487
Net pay
*
$48,562
Marginal tax rate
29.6%
Average tax rate
28.6%
71.4%
Net pay
28.6%
Total tax
Total tax
Net pay
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The Taxberg
$48,562
Net pay
$4,834
Tax the employer pays
$19,487
Tax you pay
Total tax paid
$24,321
Did you know your employer also pays tax on your salary? It costs the employer $4,834 to pay you $68,049. In other words, every time you spend $10 of your hard-earned money, $3.57 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 $68,049 a year living in the region of Ontario, Canada, you will be taxed $19,487. That means that your net pay will be $48,562 per year, or $4,047 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 50,119
26.3%
1
British Columbia
CAD 49,391
27.4%
2
Northwest Territories
CAD 48,906
28.1%
3
Yukon
CAD 48,816
28.3%
4
Ontario
CAD 48,562
28.6%
5
Alberta
CAD 46,909
31.1%
6
Saskatchewan
CAD 46,165
32.2%
7
Newfoundland and Labrador
CAD 46,060
32.3%
8
New Brunswick
CAD 46,035
32.4%
9
Quebec
CAD 46,010
32.4%
10
Manitoba
CAD 45,744
32.8%
11
Prince Edward Island
CAD 45,475
33.2%
12
Nova Scotia
CAD 45,157
33.6%
13
Show more
North America
Country
Net pay
Average tax
Rank
USA
CAD 53,664
21.1%
1
Canada
CAD 48,562
28.6%
2
Asia / Pacific
Country
Net pay
Average tax
Rank
Hong Kong
CAD 61,064
10.3%
1
Taiwan
CAD 58,858
13.5%
2
Thailand
CAD 56,182
17.4%
3
Kazakhstan
CAD 54,755
19.5%
4
South Korea
CAD 54,748
19.6%
5
Australia
CAD 53,280
21.7%
6
New Zealand
CAD 52,185
23.3%
7
Singapore
CAD 52,027
23.5%
8
Indonesia
CAD 51,146
24.8%
9
Pakistan
CAD 50,464
25.8%
10
Japan
CAD 50,331
26.0%
11
Malaysia
CAD 49,268
27.6%
12
Philippines
CAD 48,478
28.8%
13
Vietnam
CAD 46,520
31.6%
14
China
CAD 44,731
34.3%
15
India
CAD 41,878
38.5%
16
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Latin America
Country
Net pay
Average tax
Rank
Guatemala
CAD 61,311
9.9%
1
Puerto Rico
CAD 56,711
16.7%
2
Costa Rica
CAD 56,657
16.7%
3
Chile
CAD 56,165
17.5%
4
Ecuador
CAD 53,995
20.7%
5
Panama
CAD 53,779
21.0%
6
Colombia
CAD 52,041
23.5%
7
Peru
CAD 50,926
25.2%
8
Brazil
CAD 50,118
26.4%
9
Mexico
CAD 49,660
27.0%
10
Uruguay
CAD 46,393
31.8%
11
Argentina
CAD 44,222
35.0%
12
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Africa
Country
Net pay
Average tax
Rank
Angola
CAD 49,747
26.9%
1
South Africa
CAD 48,655
28.5%
2
Kenya
CAD 48,340
29.0%
3
Mozambique
CAD 47,312
30.5%
4
Nigeria
CAD 46,460
31.7%
5
Ghana
CAD 46,404
31.8%
6
Ivory Coast
CAD 45,110
33.7%
7
Morocco
CAD 44,385
34.8%
8
Cameroon
CAD 43,148
36.6%
9
Senegal
CAD 42,423
37.7%
10
Uganda
CAD 42,404
37.7%
11
Zambia
CAD 42,257
37.9%
12
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Middle East
Country
Net pay
Average tax
Rank
United Arab Emirates
CAD 64,647
5.0%
1
Qatar
CAD 64,647
5.0%
2
Bahrain
CAD 62,605
8.0%
3
Oman
CAD 62,605
8.0%
4
Saudi Arabia
CAD 61,244
10.0%
5
Kuwait
CAD 60,564
11.0%
6
Israel
CAD 53,452
21.5%
7
Egypt
CAD 51,422
24.4%
8
Lebanon
CAD 51,300
24.6%
9
Turkey
CAD 39,899
41.4%
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.