Income tax calculator Ontario
Find out how much your salary is after tax
Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$72,347
Federal tax deduction
- $11,209
Provincial tax deduction
- $5,170
CPP deduction
- $3,500
EI deduction
- $953
Total tax
- $20,832
Net pay
*
$51,515
Marginal tax rate
32.6%
Average tax rate
28.8%
71.2%
Net pay
28.8%
Total tax
Total tax
Net pay
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The Taxberg
$51,515
Net pay
$4,834
Tax the employer pays
$20,832
Tax you pay
Total tax paid
$25,666
Did you know your employer also pays tax on your salary? It costs the employer $4,834 to pay you $72,347. In other words, every time you spend $10 of your hard-earned money, $3.55 goes to the government.
Real tax rate
33.3%
So, with you and the employer both paying tax, what used to be a 28.8% tax rate now rises to 33.3%, meaning your real tax rate is actually 4.5% higher than what it seemed at first.
Summary
If you make $72,347 a year living in the region of Ontario, Canada, you will be taxed $20,832. That means that your net pay will be $51,515 per year, or $4,293 per month. Your average tax rate is 28.8% and your marginal tax rate is 32.7%. 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 $32.65, hence, your net pay will only increase by $67.35.
Bonus Example
A $1,000 bonus will generate an extra $674 of net incomes. A $5,000 bonus will generate an extra $3,368 of net incomes.
Compare average tax
Tax per region
Region
Net pay
Average tax
Rank
Nunavut
CAD 53,235
26.4%
1
British Columbia
CAD 52,477
27.5%
2
Northwest Territories
CAD 51,953
28.2%
3
Yukon
CAD 51,846
28.3%
4
Ontario
CAD 51,515
28.8%
5
Alberta
CAD 49,896
31.0%
6
Saskatchewan
CAD 49,044
32.2%
7
New Brunswick
CAD 48,815
32.5%
8
Newfoundland and Labrador
CAD 48,853
32.5%
9
Quebec
CAD 48,694
32.7%
10
Manitoba
CAD 48,600
32.8%
11
Prince Edward Island
CAD 48,174
33.4%
12
Nova Scotia
CAD 47,857
33.9%
13
Show more
North America
Country
Net pay
Average tax
Rank
USA
CAD 56,830
21.5%
1
Canada
CAD 51,515
28.8%
2
Asia / Pacific
Country
Net pay
Average tax
Rank
Hong Kong
CAD 64,624
10.7%
1
Taiwan
CAD 62,230
14.0%
2
Thailand
CAD 59,406
17.9%
3
Kazakhstan
CAD 58,236
19.5%
4
South Korea
CAD 57,816
20.1%
5
Australia
CAD 56,096
22.5%
6
Singapore
CAD 55,168
23.7%
7
New Zealand
CAD 55,005
24.0%
8
Indonesia
CAD 54,065
25.3%
9
Japan
CAD 53,362
26.2%
10
Pakistan
CAD 53,258
26.4%
11
Malaysia
CAD 52,069
28.0%
12
Philippines
CAD 51,286
29.1%
13
China
CAD 49,317
31.8%
14
Vietnam
CAD 49,313
31.8%
15
India
CAD 44,319
38.7%
16
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Latin America
Country
Net pay
Average tax
Rank
Guatemala
CAD 65,115
10.0%
1
Costa Rica
CAD 59,926
17.2%
2
Chile
CAD 59,872
17.2%
3
Puerto Rico
CAD 59,606
17.6%
4
Panama
CAD 57,031
21.2%
5
Ecuador
CAD 56,753
21.6%
6
Colombia
CAD 54,766
24.3%
7
Peru
CAD 53,964
25.4%
8
Brazil
CAD 53,234
26.4%
9
Mexico
CAD 52,463
27.5%
10
Uruguay
CAD 49,003
32.3%
11
Argentina
CAD 47,016
35.0%
12
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Africa
Country
Net pay
Average tax
Rank
Angola
CAD 52,874
26.9%
1
Kenya
CAD 51,349
29.0%
2
South Africa
CAD 51,191
29.2%
3
Mozambique
CAD 50,106
30.7%
4
Nigeria
CAD 49,384
31.7%
5
Ghana
CAD 49,247
31.9%
6
Ivory Coast
CAD 47,819
33.9%
7
Morocco
CAD 46,989
35.1%
8
Cameroon
CAD 45,765
36.7%
9
Senegal
CAD 45,002
37.8%
10
Zambia
CAD 44,900
37.9%
11
Uganda
CAD 44,768
38.1%
12
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Middle East
Country
Net pay
Average tax
Rank
United Arab Emirates
CAD 68,730
5.0%
1
Qatar
CAD 68,730
5.0%
2
Bahrain
CAD 66,559
8.0%
3
Oman
CAD 66,559
8.0%
4
Saudi Arabia
CAD 65,112
10.0%
5
Kuwait
CAD 64,389
11.0%
6
Israel
CAD 56,402
22.0%
7
Egypt
CAD 54,645
24.5%
8
Lebanon
CAD 54,524
24.6%
9
Turkey
CAD 42,403
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.