Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$89,520
Federal tax deduction
- $14,730
Provincial tax deduction
- $7,037
CPP deduction
- $3,500
EI deduction
- $953
Total tax
- $26,219
Net pay
* $63,301
Marginal tax rate
31.5%
Average tax rate
29.3%
70.7%
Net pay
29.3%
Total tax
Total tax
Net pay
The Taxberg
$63,301
Net pay
$4,834
Tax the employer pays
$26,219
Tax you pay
Total tax paid
$31,053
Did you know your employer also pays tax on your salary? It costs the employer $4,834 to pay you $89,520. In other words, every time you spend $10 of your hard-earned money, $3.47 goes to the government.
Real tax rate
32.9%
So, with you and the employer both paying tax, what used to be a 29.3% tax rate now rises to 32.9%, meaning your real tax rate is actually 3.6% higher than what it seemed at first.
Summary
If you make $89,520 a year living in the region of Ontario, Canada, you will be taxed $26,219. That means that your net pay will be $63,301 per year, or $5,275 per month. Your average tax rate is 29.3% 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
Tax per region
Region
Net pay
Average tax
Rank
Nunavut
CAD 65,685
26.6%
1
British Columbia
CAD 64,709
27.7%
2
Northwest Territories
CAD 64,129
28.4%
3
Yukon
CAD 63,953
28.6%
4
Ontario
CAD 63,301
29.3%
5
Alberta
CAD 61,831
30.9%
6
Saskatchewan
CAD 60,550
32.4%
7
New Brunswick
CAD 59,919
33.1%
8
Newfoundland and Labrador
CAD 59,869
33.1%
9
Quebec
CAD 59,426
33.6%
10
Manitoba
CAD 59,374
33.7%
11
Prince Edward Island
CAD 58,958
34.1%
12
Nova Scotia
CAD 58,647
34.5%
13
Show more
North America
Country 
Net pay
Average tax
Rank
USA
CAD 68,238
23.8%
1
Canada
CAD 63,301
29.3%
2
Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 85,044
5.0%
1
Qatar
CAD 85,044
5.0%
2
Bahrain
CAD 82,358
8.0%
3
Oman
CAD 82,358
8.0%
4
Saudi Arabia
CAD 80,568
10.0%
5
Kuwait
CAD 79,867
10.8%
6
Egypt
CAD 67,525
24.6%
7
Lebanon
CAD 67,404
24.7%
8
Israel
CAD 66,934
25.2%
9
Turkey
CAD 52,404
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.