Income tax calculator Ontario
Find out how much your salary is after tax
Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$7,124
Federal tax deduction
- $828
Provincial tax deduction
- $173
CPP deduction
- $207
EI deduction
- $113
Total tax
- $1,320
Net pay
*
$5,804
Marginal tax rate
30.6%
Average tax rate
18.5%
81.5%
Net pay
18.5%
Total tax
Total tax
Net pay
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The Taxberg
$5,804
Net pay
$364
Tax the employer pays
$1,320
Tax you pay
Total tax paid
$1,684
Did you know your employer also pays tax on your salary? It costs the employer $364 to pay you $7,124. In other words, every time you spend $10 of your hard-earned money, $2.36 goes to the government.
Real tax rate
22.5%
So, with you and the employer both paying tax, what used to be a 18.5% tax rate now rises to 22.5%, meaning your real tax rate is actually 4% higher than what it seemed at first.
Summary
If you make $7,124 a year living in the region of Ontario, Canada, you will be taxed $1,320. That means that your net pay will be $5,804 per year, or $484 per month. Your average tax rate is 18.5% and your marginal tax rate is 30.6%. 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 $30.55, hence, your net pay will only increase by $69.45.
Bonus Example
A $1,000 bonus will generate an extra $695 of net incomes. A $5,000 bonus will generate an extra $3,473 of net incomes.
Tax per region
Region
Net pay
Average tax
Rank
Quebec
CAD 6,092
14.5%
1
British Columbia
CAD 5,977
16.1%
2
Ontario
CAD 5,804
18.5%
3
Nunavut
CAD 5,705
19.9%
4
Yukon
CAD 5,624
21.1%
5
Northwest Territories
CAD 5,576
21.7%
6
Newfoundland and Labrador
CAD 5,385
24.4%
7
Nova Scotia
CAD 5,379
24.5%
8
New Brunswick
CAD 5,338
25.1%
9
Prince Edward Island
CAD 5,310
25.5%
10
Alberta
CAD 5,297
25.6%
11
Saskatchewan
CAD 5,263
26.1%
12
Manitoba
CAD 5,242
26.4%
13
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Europe
Country
Net pay
Average tax
Rank
United Kingdom
CAD 7,124
0.0%
1
Germany
CAD 7,124
0.0%
2
Austria
CAD 7,124
0.0%
3
Ireland
CAD 7,124
0.0%
4
Norway
CAD 7,124
0.0%
5
Spain
CAD 6,672
6.4%
6
Switzerland
CAD 6,602
7.3%
7
Italy
CAD 6,469
9.2%
8
France
CAD 6,433
9.7%
9
Czech Republic
CAD 6,340
11.0%
10
Luxembourg
CAD 6,337
11.1%
11
Russia
CAD 6,198
13.0%
12
Hungary
CAD 5,806
18.5%
13
Sweden
CAD 5,783
18.8%
14
Ukraine
CAD 5,735
19.5%
15
Poland
CAD 5,594
21.5%
16
Greece
CAD 5,567
21.9%
17
Portugal
CAD 5,304
25.6%
18
Finland
CAD 4,933
30.8%
19
Belgium
CAD 4,844
32.0%
20
Denmark
CAD 4,708
33.9%
21
Netherlands
CAD 4,482
37.1%
22
Romania
CAD 4,168
41.5%
23
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North America
Country
Net pay
Average tax
Rank
USA
CAD 6,507
8.7%
1
Canada
CAD 5,804
18.5%
2
Asia / Pacific
Country
Net pay
Average tax
Rank
Australia
CAD 7,124
0.0%
1
Hong Kong
CAD 7,124
0.0%
2
Pakistan
CAD 6,896
3.2%
3
Thailand
CAD 6,738
5.4%
4
Philippines
CAD 6,656
6.6%
5
Singapore
CAD 6,615
7.1%
6
Taiwan
CAD 6,493
8.9%
7
Indonesia
CAD 6,395
10.2%
8
South Korea
CAD 6,320
11.3%
9
Malaysia
CAD 6,282
11.8%
10
New Zealand
CAD 6,277
11.9%
11
India
CAD 6,269
12.0%
12
Vietnam
CAD 5,900
17.2%
13
Japan
CAD 5,789
18.7%
14
Kazakhstan
CAD 5,642
20.8%
15
China
CAD 5,355
24.8%
16
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Latin America
Country
Net pay
Average tax
Rank
Colombia
CAD 7,004
7.5%
1
Puerto Rico
CAD 6,558
8.0%
2
Brazil
CAD 6,454
9.4%
3
Ecuador
CAD 6,451
9.5%
4
Guatemala
CAD 6,441
9.6%
5
Mexico
CAD 6,403
10.1%
6
Costa Rica
CAD 6,376
10.5%
7
Panama
CAD 6,340
11.0%
8
Peru
CAD 6,234
12.5%
9
Chile
CAD 5,870
17.6%
10
Uruguay
CAD 5,692
20.1%
11
Argentina
CAD 4,625
35.1%
12
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Africa
Country
Net pay
Average tax
Rank
South Africa
CAD 7,030
1.3%
1
Morocco
CAD 6,395
10.2%
2
Cameroon
CAD 5,866
17.7%
3
Ivory Coast
CAD 5,814
18.4%
4
Kenya
CAD 5,738
19.5%
5
Mozambique
CAD 5,703
19.9%
6
Ghana
CAD 5,415
24.0%
7
Angola
CAD 5,378
24.5%
8
Zambia
CAD 5,184
27.2%
9
Senegal
CAD 5,050
29.1%
10
Uganda
CAD 5,040
29.3%
11
Nigeria
CAD 5,019
29.6%
12
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Middle East
Country
Net pay
Average tax
Rank
United Arab Emirates
CAD 6,768
5.0%
1
Qatar
CAD 6,768
5.0%
2
Saudi Arabia
CAD 6,571
7.8%
3
Bahrain
CAD 6,554
8.0%
4
Oman
CAD 6,554
8.0%
5
Kuwait
CAD 6,340
11.0%
6
Israel
CAD 6,187
13.2%
7
Egypt
CAD 5,614
21.2%
8
Lebanon
CAD 5,607
21.3%
9
Turkey
CAD 4,413
38.1%
10
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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.