Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$85,020
Federal tax deduction
- $13,807
Provincial tax deduction
- $6,543
CPP deduction
- $3,500
EI deduction
- $953
Total tax
- $24,803
Net pay
* $60,217
Marginal tax rate
31.5%
Average tax rate
29.2%
70.8%
Net pay
29.2%
Total tax
Total tax
Net pay
The Taxberg
$60,217
Net pay
$4,834
Tax the employer pays
$24,803
Tax you pay
Total tax paid
$29,637
Did you know your employer also pays tax on your salary? It costs the employer $4,834 to pay you $85,020. In other words, every time you spend $10 of your hard-earned money, $3.49 goes to the government.
Real tax rate
33.0%
So, with you and the employer both paying tax, what used to be a 29.2% tax rate now rises to 33.0%, meaning your real tax rate is actually 3.8% higher than what it seemed at first.
People also ask
$85,020 yearly is how much per hour?
$43.60 hourly is how much per year?
What is the average salary in Canada?
Summary
If you make $85,020 a year living in the region of Ontario, Canada, you will be taxed $24,803. That means that your net pay will be $60,217 per year, or $5,018 per month. Your average tax rate is 29.2% and your marginal tax rate is 31.5%. 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 $31.48, hence, your net pay will only increase by $68.52.
Bonus Example
A $1,000 bonus will generate an extra $685 of net incomes. A $5,000 bonus will generate an extra $3,426 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
$85,500
$86,000
$86,500
$87,000
$87,500
$88,000
$88,500
$89,000
$89,500
$90,000
$90,500
$91,000
$91,500
$92,000
$92,500
$93,000
$93,500
$94,000
$94,500
$95,000
Tax per region
Region
Net pay
Average tax
Rank
Nunavut
CAD 62,423
26.6%
1
British Columbia
CAD 61,576
27.6%
2
Northwest Territories
CAD 60,938
28.3%
3
Yukon
CAD 60,781
28.5%
4
Ontario
CAD 60,217
29.2%
5
Alberta
CAD 58,704
31.0%
6
Saskatchewan
CAD 57,535
32.3%
7
New Brunswick
CAD 57,012
32.9%
8
Newfoundland and Labrador
CAD 57,003
33.0%
9
Quebec
CAD 56,608
33.4%
10
Manitoba
CAD 56,580
33.5%
11
Prince Edward Island
CAD 56,132
34.0%
12
Nova Scotia
CAD 55,820
34.3%
13
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Europe
Country 
Net pay
Average tax
Rank
Russia
CAD 73,967
13.0%
1
Switzerland
CAD 70,300
17.3%
2
Hungary
CAD 69,291
18.5%
3
Ukraine
CAD 68,441
19.5%
4
Czech Republic
CAD 64,718
23.9%
5
United Kingdom
CAD 64,236
24.5%
6
France
CAD 62,834
26.1%
7
Norway
CAD 61,625
27.5%
8
Ireland
CAD 60,805
28.5%
9
Spain
CAD 59,582
29.9%
10
Denmark
CAD 56,982
33.0%
11
Sweden
CAD 55,826
34.3%
12
Austria
CAD 55,772
34.4%
13
Luxembourg
CAD 55,600
34.6%
14
Netherlands
CAD 53,503
37.1%
15
Greece
CAD 52,905
37.8%
16
Poland
CAD 52,779
37.9%
17
Germany
CAD 51,384
39.6%
18
Romania
CAD 49,737
41.5%
19
Finland
CAD 48,858
42.5%
20
Italy
CAD 48,189
43.3%
21
Portugal
CAD 46,272
45.6%
22
Belgium
CAD 39,465
53.6%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 65,359
23.1%
1
Canada
CAD 60,217
29.2%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 75,143
11.6%
1
Taiwan
CAD 72,172
15.1%
2
Thailand
CAD 68,690
19.2%
3
Kazakhstan
CAD 68,501
19.4%
4
South Korea
CAD 66,860
21.4%
5
Singapore
CAD 66,324
22.0%
6
Australia
CAD 64,396
24.3%
7
New Zealand
CAD 63,320
25.5%
8
Indonesia
CAD 62,655
26.3%
9
Japan
CAD 62,594
26.4%
10
Pakistan
CAD 61,495
27.7%
11
Malaysia
CAD 60,314
29.1%
12
China
CAD 60,287
29.1%
13
Philippines
CAD 59,566
29.9%
14
Vietnam
CAD 57,551
32.3%
15
India
CAD 50,066
41.1%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 76,332
10.2%
1
Chile
CAD 70,233
17.4%
2
Costa Rica
CAD 69,410
18.4%
3
Puerto Rico
CAD 68,141
19.9%
4
Panama
CAD 66,022
22.4%
5
Ecuador
CAD 65,813
22.6%
6
Peru
CAD 62,813
26.1%
7
Colombia
CAD 62,747
26.2%
8
Brazil
CAD 62,422
26.6%
9
Uruguay
CAD 62,033
27.0%
10
Mexico
CAD 60,727
28.6%
11
Argentina
CAD 55,253
35.0%
12
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Africa
Country 
Net pay
Average tax
Rank
Angola
CAD 62,093
27.0%
1
Kenya
CAD 60,220
29.2%
2
South Africa
CAD 58,668
31.0%
3
Mozambique
CAD 58,344
31.4%
4
Nigeria
CAD 58,004
31.8%
5
Ghana
CAD 57,630
32.2%
6
Ivory Coast
CAD 56,351
33.7%
7
Morocco
CAD 54,669
35.7%
8
Cameroon
CAD 53,481
37.1%
9
Zambia
CAD 52,694
38.0%
10
Senegal
CAD 52,605
38.1%
11
Uganda
CAD 51,738
39.2%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 80,769
5.0%
1
Qatar
CAD 80,769
5.0%
2
Bahrain
CAD 78,218
8.0%
3
Oman
CAD 78,218
8.0%
4
Saudi Arabia
CAD 76,518
10.0%
5
Kuwait
CAD 75,749
10.9%
6
Israel
CAD 64,202
24.5%
7
Egypt
CAD 64,150
24.6%
8
Lebanon
CAD 64,029
24.7%
9
Turkey
CAD 49,783
41.5%
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.