Salary Rate
Year
Month
Biweekly
Week
Day
Hour
Withholding
Salary
$90,000
Federal tax deduction
- $12,886
Provincial tax deduction
- $6,531
CPP deduction
- $3,166
EI deduction
- $890
Total tax
- $23,473
Net pay
* $66,527
Deductions ?
A deduction is a specific amount you can remove from your taxable income to lower it.
close-button
- $24,688
Marginal tax rate
33.8%
Average tax rate
26.1%
73.9%
Net pay
26.1%
Total tax
Total tax
Net pay
Summary
If you make $90,000 a year living in the region of Ontario, Canada, you will be taxed $23,473. That means that your net pay will be $66,527 per year, or $5,544 per month. Your average tax rate is 26.1% and your marginal tax rate is 33.8%. 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 $33.75, hence, your net pay will only increase by $66.25.
Bonus Example
A $1,000 bonus will generate an extra $663 of net incomes. A $5,000 bonus will generate an extra $3,313 of net incomes.
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.