Income tax calculator Ontario
Find out how much your salary is after tax
Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$9,438
Federal tax deduction
- $1,150
Provincial tax deduction
- $390
CPP deduction
- $338
EI deduction
- $149
Total tax
- $2,027
Net pay
*
$7,411
Marginal tax rate
30.6%
Average tax rate
21.5%
78.5%
Net pay
21.5%
Total tax
Total tax
Net pay
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The Taxberg
$7,411
Net pay
$547
Tax the employer pays
$2,027
Tax you pay
Total tax paid
$2,574
Did you know your employer also pays tax on your salary? It costs the employer $547 to pay you $9,438. In other words, every time you spend $10 of your hard-earned money, $2.73 goes to the government.
Real tax rate
25.8%
So, with you and the employer both paying tax, what used to be a 21.5% tax rate now rises to 25.8%, meaning your real tax rate is actually 4.3% higher than what it seemed at first.
Summary
If you make $9,438 a year living in the region of Ontario, Canada, you will be taxed $2,027. That means that your net pay will be $7,411 per year, or $618 per month. Your average tax rate is 21.5% 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
North America
Country
Net pay
Average tax
Rank
USA
CAD 8,625
8.6%
1
Canada
CAD 7,411
21.5%
2
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.