Income Tax Calculator Ontario

Find out how much your salary is after tax

Enter your gross income

Salary rate

Withholding

Salary $78,000

EI deduction - $953

CPP deduction - $3,500

Federal tax deduction - $12,368

Provincial tax deduction - $5,792

Total tax - $22,613

Net pay * $55,387

Marginal tax rate 30.5%

Average tax rate 29.0%

29%Total tax

71%

Net pay

The Taxberg

$55,387

Net pay

$4,834

Tax the employer pays

$22,613

Tax you pay

Total tax paid

$27,447

Did you know your employer also pays tax on your salary? It costs the employer $4,834 to pay you $78,000. In other words, every time you spend $10 of your hard-earned money, $3.52 goes to the government.

Real tax rate

33.1%

So, with you and the employer both paying tax, what used to be a 29% tax rate now rises to 33.1%, meaning your real tax rate is actually 4.1% higher than what it seemed at first.

Summary

If you make $78,000 a year living in the region of Ontario, Canada, you will be taxed $22,613. That means that your net pay will be $55,387 per year, or $4,616 per month. Your average tax rate is 29.0% and your marginal tax rate is 30.5%. 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 $30.5, hence, your net pay will only increase by $69.5.

Bonus Example

A $1,000 bonus will generate an extra $695 of net incomes. A $5,000 bonus will generate an extra $3,475 of net incomes.

Province

AlbertaBritish ColumbiaManitobaNew BrunswickNewfoundland and LabradorNorthwest TerritoriesNova ScotiaNunavutOntarioPrince Edward IslandQuebecSaskatchewanYukon

Tax per income

$78,500$79,000$79,500$80,000$80,500$81,000$81,500$82,000$82,500$83,000$83,500$84,000$84,500$85,000$85,500$86,000$86,500$87,000$87,500$88,000

Tax per region

Country	Net pay	Average tax	Rank
Nunavut	CAD 57,333	26.5%	1
British Columbia	CAD 56,536	27.5%	2
Northwest Territories	CAD 55,961	28.3%	3
Manitoba	CAD 52,220	33.1%	11
Prince Edward Island	CAD 51,724	33.7%	12
Nova Scotia	CAD 51,409	34.1%	13

NOTE* Withholding is calculated based on the Ontario tables of CA, 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.