Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$7,476
Federal tax deduction
- $877
Provincial tax deduction
- $206
CPP deduction
- $227
EI deduction
- $118
Total tax
- $1,428
Net pay
* $6,048
Marginal tax rate
30.6%
Average tax rate
19.1%
80.9%
Net pay
19.1%
Total tax
Total tax
Net pay
The Taxberg
$6,048
Net pay
$392
Tax the employer pays
$1,428
Tax you pay
Total tax paid
$1,820
Did you know your employer also pays tax on your salary? It costs the employer $392 to pay you $7,476. In other words, every time you spend $10 of your hard-earned money, $2.43 goes to the government.
Real tax rate
23.1%
So, with you and the employer both paying tax, what used to be a 19.1% tax rate now rises to 23.1%, meaning your real tax rate is actually 4% higher than what it seemed at first.
People also ask
$7,476 yearly is how much per hour?
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What is the average salary in Canada?
Summary
If you make $7,476 a year living in the region of Ontario, Canada, you will be taxed $1,428. That means that your net pay will be $6,048 per year, or $504 per month. Your average tax rate is 19.1% 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.
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
$7,500
$8,000
$8,500
$9,000
$9,500
$10,000
$10,500
$11,000
$11,500
$12,000
$12,500
$13,000
$13,500
$14,000
$14,500
$15,000
$15,500
$16,000
$16,500
$17,000
Tax per region
Region
Net pay
Average tax
Rank
Quebec
CAD 6,376
14.7%
1
British Columbia
CAD 6,255
16.3%
2
Ontario
CAD 6,048
19.1%
3
Nunavut
CAD 5,969
20.2%
4
Yukon
CAD 5,881
21.3%
5
Northwest Territories
CAD 5,834
22.0%
6
Newfoundland and Labrador
CAD 5,634
24.6%
7
Nova Scotia
CAD 5,628
24.7%
8
New Brunswick
CAD 5,584
25.3%
9
Prince Edward Island
CAD 5,556
25.7%
10
Alberta
CAD 5,541
25.9%
11
Saskatchewan
CAD 5,506
26.4%
12
Manitoba
CAD 5,484
26.6%
13
Show more
Europe
Country 
Net pay
Average tax
Rank
United Kingdom
CAD 7,476
0.0%
1
Austria
CAD 7,476
0.0%
2
Ireland
CAD 7,476
0.0%
3
Norway
CAD 7,476
0.0%
4
Germany
CAD 7,407
0.9%
5
Spain
CAD 7,001
6.4%
6
Switzerland
CAD 6,930
7.3%
7
Italy
CAD 6,789
9.2%
8
France
CAD 6,751
9.7%
9
Czech Republic
CAD 6,654
11.0%
10
Luxembourg
CAD 6,650
11.1%
11
Russia
CAD 6,504
13.0%
12
Hungary
CAD 6,093
18.5%
13
Sweden
CAD 6,047
19.1%
14
Ukraine
CAD 6,018
19.5%
15
Poland
CAD 5,870
21.5%
16
Greece
CAD 5,843
21.9%
17
Portugal
CAD 5,566
25.6%
18
Finland
CAD 5,177
30.8%
19
Belgium
CAD 5,084
32.0%
20
Denmark
CAD 4,945
33.9%
21
Netherlands
CAD 4,704
37.1%
22
Romania
CAD 4,373
41.5%
23
Show more
North America
Country 
Net pay
Average tax
Rank
USA
CAD 6,829
8.7%
1
Canada
CAD 6,048
19.1%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
CAD 7,476
0.0%
1
Hong Kong
CAD 7,476
0.0%
2
Pakistan
CAD 7,204
3.6%
3
Thailand
CAD 7,061
5.6%
4
Philippines
CAD 6,934
7.3%
5
Taiwan
CAD 6,814
8.9%
6
Singapore
CAD 6,756
9.6%
7
Indonesia
CAD 6,685
10.6%
8
South Korea
CAD 6,627
11.4%
9
Malaysia
CAD 6,594
11.8%
10
New Zealand
CAD 6,587
11.9%
11
India
CAD 6,579
12.0%
12
Vietnam
CAD 6,174
17.4%
13
Japan
CAD 6,075
18.7%
14
Kazakhstan
CAD 5,921
20.8%
15
China
CAD 5,620
24.8%
16
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Latin America
Country 
Net pay
Average tax
Rank
Colombia
CAD 7,189
7.7%
1
Puerto Rico
CAD 6,882
8.0%
2
Ecuador
CAD 6,770
9.5%
3
Guatemala
CAD 6,759
9.6%
4
Brazil
CAD 6,746
9.8%
5
Mexico
CAD 6,707
10.3%
6
Costa Rica
CAD 6,691
10.5%
7
Panama
CAD 6,654
11.0%
8
Peru
CAD 6,542
12.5%
9
Chile
CAD 6,160
17.6%
10
Uruguay
CAD 5,973
20.1%
11
Argentina
CAD 4,850
35.1%
12
Show more
Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 7,325
2.0%
1
Morocco
CAD 6,683
10.6%
2
Cameroon
CAD 6,126
18.1%
3
Ivory Coast
CAD 6,069
18.8%
4
Kenya
CAD 5,984
20.0%
5
Mozambique
CAD 5,974
20.1%
6
Ghana
CAD 5,665
24.2%
7
Angola
CAD 5,638
24.6%
8
Zambia
CAD 5,383
28.0%
9
Senegal
CAD 5,277
29.4%
10
Uganda
CAD 5,269
29.5%
11
Nigeria
CAD 5,258
29.7%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 7,102
5.0%
1
Qatar
CAD 7,102
5.0%
2
Bahrain
CAD 6,878
8.0%
3
Oman
CAD 6,878
8.0%
4
Saudi Arabia
CAD 6,728
10.0%
5
Kuwait
CAD 6,654
11.0%
6
Israel
CAD 6,493
13.2%
7
Egypt
CAD 5,886
21.3%
8
Lebanon
CAD 5,871
21.5%
9
Turkey
CAD 4,618
38.2%
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.