Income tax calculator Ontario
Find out how much your salary is after tax
Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$720
EI deduction
- $11.38
Total tax
- $11.38
Net pay
*
$709
Marginal tax rate
1.6%
Average tax rate
1.6%
98.4%
Net pay
1.6%
Total tax
Total tax
Net pay
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The Taxberg
$709
Net pay
$15.93
Tax the employer pays
$11.38
Tax you pay
Total tax paid
$27.31
Did you know your employer also pays tax on your salary? It costs the employer $15.93 to pay you $720. In other words, every time you spend $10 of your hard-earned money, $0.38 goes to the government.
Real tax rate
3.7%
So, with you and the employer both paying tax, what used to be a 1.6% tax rate now rises to 3.7%, meaning your real tax rate is actually 2.1% higher than what it seemed at first.
Summary
If you make $720 a year living in the region of Ontario, Canada, you will be taxed $11.38. That means that your net pay will be $709 per year, or $59.05 per month. Your average tax rate is 1.6% and your marginal tax rate is 1.6%. 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 $1.58, hence, your net pay will only increase by $98.42.
Bonus Example
A $1,000 bonus will generate an extra $984 of net incomes. A $5,000 bonus will generate an extra $4,921 of net incomes.
Europe
Country
Net pay
Average tax
Rank
United Kingdom
CAD 720
0.0%
1
Germany
CAD 720
0.0%
2
Austria
CAD 720
0.0%
3
Ireland
CAD 720
0.0%
4
Sweden
CAD 720
0.0%
5
Norway
CAD 720
0.0%
6
Spain
CAD 674
6.4%
7
Italy
CAD 654
9.2%
8
France
CAD 650
9.7%
9
Czech Republic
CAD 641
11.0%
10
Luxembourg
CAD 640
11.1%
11
Switzerland
CAD 633
12.1%
12
Russia
CAD 626
13.0%
13
Hungary
CAD 587
18.5%
14
Ukraine
CAD 580
19.5%
15
Poland
CAD 565
21.5%
16
Greece
CAD 563
21.9%
17
Portugal
CAD 536
25.6%
18
Finland
CAD 499
30.8%
19
Belgium
CAD 490
32.0%
20
Netherlands
CAD 452
37.2%
21
Romania
CAD 421
41.5%
22
Denmark
CAD 397
44.9%
23
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North America
Country
Net pay
Average tax
Rank
Canada
CAD 709
1.6%
1
USA
CAD 658
8.7%
2
Asia / Pacific
Country
Net pay
Average tax
Rank
Australia
CAD 720
0.0%
1
Singapore
CAD 720
0.0%
2
Hong Kong
CAD 720
0.0%
3
Pakistan
CAD 705
2.1%
4
Thailand
CAD 684
5.0%
5
Indonesia
CAD 657
8.8%
6
Taiwan
CAD 656
8.9%
7
South Korea
CAD 643
10.7%
8
Philippines
CAD 639
11.2%
9
New Zealand
CAD 634
11.9%
10
India
CAD 634
12.0%
11
Malaysia
CAD 630
12.5%
12
China
CAD 625
13.2%
13
Vietnam
CAD 612
15.0%
14
Japan
CAD 585
18.7%
15
Kazakhstan
CAD 570
20.8%
16
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Latin America
Country
Net pay
Average tax
Rank
Mexico
CAD 703
2.4%
1
Brazil
CAD 666
7.5%
2
Puerto Rico
CAD 663
8.0%
3
Colombia
CAD 662
8.0%
4
Ecuador
CAD 652
9.5%
5
Guatemala
CAD 651
9.6%
6
Costa Rica
CAD 644
10.5%
7
Panama
CAD 641
11.0%
8
Peru
CAD 630
12.5%
9
Argentina
CAD 598
17.0%
10
Chile
CAD 593
17.6%
11
Uruguay
CAD 590
18.1%
12
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Africa
Country
Net pay
Average tax
Rank
South Africa
CAD 713
1.0%
1
Uganda
CAD 682
5.3%
2
Zambia
CAD 677
6.0%
3
Morocco
CAD 671
6.7%
4
Ivory Coast
CAD 666
7.5%
5
Senegal
CAD 656
8.9%
6
Ghana
CAD 648
10.1%
7
Kenya
CAD 638
11.4%
8
Mozambique
CAD 615
14.6%
9
Cameroon
CAD 607
15.6%
10
Nigeria
CAD 578
19.8%
11
Angola
CAD 578
19.8%
12
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Middle East
Country
Net pay
Average tax
Rank
Saudi Arabia
CAD 720
0.0%
1
United Arab Emirates
CAD 684
5.0%
2
Qatar
CAD 684
5.0%
3
Bahrain
CAD 662
8.0%
4
Oman
CAD 662
8.0%
5
Lebanon
CAD 642
10.8%
6
Kuwait
CAD 641
11.0%
7
Egypt
CAD 635
11.8%
8
Israel
CAD 625
13.2%
9
Turkey
CAD 607
15.8%
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.