Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$72,995
Federal tax deduction
- $11,342
Provincial tax deduction
- $5,249
CPP deduction
- $3,500
EI deduction
- $953
Total tax
- $21,044
Net pay
* $51,951
Marginal tax rate
32.6%
Average tax rate
28.8%
71.2%
Net pay
28.8%
Total tax
Total tax
Net pay
The Taxberg
$51,951
Net pay
$4,834
Tax the employer pays
$21,044
Tax you pay
Total tax paid
$25,877
Did you know your employer also pays tax on your salary? It costs the employer $4,834 to pay you $72,995. In other words, every time you spend $10 of your hard-earned money, $3.55 goes to the government.
Real tax rate
33.2%
So, with you and the employer both paying tax, what used to be a 28.8% tax rate now rises to 33.2%, meaning your real tax rate is actually 4.4% higher than what it seemed at first.
People also ask
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Summary
If you make $72,995 a year living in the region of Ontario, Canada, you will be taxed $21,044. That means that your net pay will be $51,951 per year, or $4,329 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
Region
Alberta
British Columbia
Manitoba
New Brunswick
Newfoundland and Labrador
Northwest Territories
Nova Scotia
Nunavut
Ontario
Prince Edward Island
Quebec
Saskatchewan
Yukon
Tax per income
$72,500
$73,000
$73,500
$74,000
$74,500
$75,000
$75,500
$76,000
$76,500
$77,000
$77,500
$78,000
$78,500
$79,000
$79,500
$80,000
$80,500
$81,000
$81,500
$82,000
Tax per region
Region
Net pay
Average tax
Rank
Nunavut
CAD 53,705
26.4%
1
British Columbia
CAD 52,942
27.5%
2
Northwest Territories
CAD 52,413
28.2%
3
Yukon
CAD 52,303
28.3%
4
Ontario
CAD 51,951
28.8%
5
Alberta
CAD 50,346
31.0%
6
Saskatchewan
CAD 49,479
32.2%
7
Newfoundland and Labrador
CAD 49,275
32.5%
8
New Brunswick
CAD 49,234
32.6%
9
Quebec
CAD 49,099
32.7%
10
Manitoba
CAD 49,030
32.8%
11
Prince Edward Island
CAD 48,581
33.4%
12
Nova Scotia
CAD 48,265
33.9%
13
Show more
North America
Country 
Net pay
Average tax
Rank
USA
CAD 57,306
21.5%
1
Canada
CAD 51,951
28.8%
2
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.