Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$743
EI deduction
- $11.74
Total tax
- $11.74
Net pay
* $731
Marginal tax rate
1.6%
Average tax rate
1.6%
98.4%
Net pay
1.6%
Total tax
Total tax
Net pay
The Taxberg
$731
Net pay
$16.44
Tax the employer pays
$11.74
Tax you pay
Total tax paid
$28.18
Did you know your employer also pays tax on your salary? It costs the employer $16.44 to pay you $743. 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 $743 a year living in the region of Ontario, Canada, you will be taxed $11.74. That means that your net pay will be $731 per year, or $60.94 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.
Compare average tax
Tax per region
Region
Net pay
Average tax
Rank
British Columbia
CAD 731
1.6%
1
Ontario
CAD 731
1.6%
2
Yukon
CAD 731
1.6%
3
Quebec
CAD 730
1.7%
4
Newfoundland and Labrador
CAD 668
10.1%
5
Nova Scotia
CAD 667
10.2%
6
New Brunswick
CAD 663
10.8%
7
Prince Edward Island
CAD 660
11.2%
8
Alberta
CAD 658
11.4%
9
Saskatchewan
CAD 654
11.9%
10
Manitoba
CAD 652
12.2%
11
Nunavut
CAD 702
5.5%
12
Northwest Territories
CAD 688
7.4%
13
Show more
Europe
Country 
Net pay
Average tax
Rank
United Kingdom
CAD 743
0.0%
1
Germany
CAD 743
0.0%
2
Austria
CAD 743
0.0%
3
Ireland
CAD 743
0.0%
4
Sweden
CAD 743
0.0%
5
Norway
CAD 743
0.0%
6
Spain
CAD 696
6.4%
7
Italy
CAD 675
9.2%
8
France
CAD 671
9.7%
9
Czech Republic
CAD 661
11.0%
10
Luxembourg
CAD 661
11.1%
11
Switzerland
CAD 655
11.9%
12
Russia
CAD 646
13.0%
13
Hungary
CAD 606
18.5%
14
Ukraine
CAD 598
19.5%
15
Poland
CAD 583
21.5%
16
Greece
CAD 581
21.9%
17
Portugal
CAD 553
25.6%
18
Finland
CAD 515
30.8%
19
Belgium
CAD 505
32.0%
20
Netherlands
CAD 467
37.2%
21
Romania
CAD 435
41.5%
22
Denmark
CAD 415
44.2%
23
Show more
North America
Country 
Net pay
Average tax
Rank
Canada
CAD 731
1.6%
1
USA
CAD 679
8.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
CAD 743
0.0%
1
Singapore
CAD 743
0.0%
2
Hong Kong
CAD 743
0.0%
3
Pakistan
CAD 728
2.0%
4
Thailand
CAD 706
5.0%
5
Indonesia
CAD 678
8.8%
6
Taiwan
CAD 677
8.9%
7
South Korea
CAD 664
10.7%
8
Philippines
CAD 660
11.1%
9
New Zealand
CAD 655
11.9%
10
India
CAD 654
12.0%
11
Malaysia
CAD 650
12.6%
12
China
CAD 645
13.2%
13
Vietnam
CAD 632
15.0%
14
Japan
CAD 604
18.7%
15
Kazakhstan
CAD 588
20.8%
16
Show more
Latin America
Country 
Net pay
Average tax
Rank
Mexico
CAD 725
2.4%
1
Brazil
CAD 687
7.5%
2
Puerto Rico
CAD 684
8.0%
3
Colombia
CAD 684
8.0%
4
Ecuador
CAD 673
9.5%
5
Guatemala
CAD 672
9.6%
6
Costa Rica
CAD 665
10.5%
7
Panama
CAD 661
11.0%
8
Peru
CAD 650
12.5%
9
Argentina
CAD 617
17.0%
10
Chile
CAD 612
17.6%
11
Uruguay
CAD 609
18.1%
12
Show more
Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 736
1.0%
1
Uganda
CAD 703
5.3%
2
Zambia
CAD 698
6.0%
3
Morocco
CAD 693
6.7%
4
Ivory Coast
CAD 687
7.5%
5
Senegal
CAD 677
8.9%
6
Ghana
CAD 667
10.2%
7
Kenya
CAD 659
11.3%
8
Mozambique
CAD 635
14.6%
9
Cameroon
CAD 627
15.6%
10
Angola
CAD 596
19.8%
11
Nigeria
CAD 595
19.9%
12
Show more
Middle East
Country 
Net pay
Average tax
Rank
Saudi Arabia
CAD 743
0.0%
1
United Arab Emirates
CAD 706
5.0%
2
Qatar
CAD 706
5.0%
3
Bahrain
CAD 684
8.0%
4
Oman
CAD 684
8.0%
5
Lebanon
CAD 663
10.8%
6
Kuwait
CAD 661
11.0%
7
Egypt
CAD 655
11.9%
8
Israel
CAD 645
13.2%
9
Turkey
CAD 626
15.8%
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.