Income Tax Calculator Canada

Find out how much your salary is after tax

Enter your gross income

Salary rate

Withholding

Salary $13,090

EI deduction - $37

CPP deduction - $135

Federal tax deduction - $3,447

Provincial tax deduction - $2,134

Total tax - $5,753

Net pay * $7,337

Marginal tax rate 53.5%

Average tax rate 43.9%

43.9%Total tax

56.1%

Net pay

The Taxberg

$7,337

Net pay

$186

Tax the employer pays

$5,753

Tax you pay

Total tax paid

$5,939

Did you know your employer also pays tax on your salary? It costs the employer $186 to pay you $13,090. In other words, every time you spend $10 of your hard-earned money, $4.54 goes to the government.

Real tax rate

44.7%

So, with you and the employer both paying tax, what used to be a 43.9% tax rate now rises to 44.7%, meaning your real tax rate is actually 0.8% higher than what it seemed at first.

Summary

If you make $340,340 a year living in the region of Ontario, Canada, you will be taxed $149,579. That means that your net pay will be $190,761 per year, or $15,897 per month. Your average tax rate is 43.9% and your marginal tax rate is 53.5%. 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 $53.5, hence, your net pay will only increase by $46.5.

Bonus Example

A $1,000 bonus will generate an extra $465 of net incomes. A $5,000 bonus will generate an extra $2,325 of net incomes.

Province

AlbertaBritish ColumbiaManitobaNew BrunswickNewfoundland and LabradorNorthwest TerritoriesNova ScotiaNunavutOntarioPrince Edward IslandQuebecSaskatchewanYukon

Tax per income

$13,500$14,000$14,500$15,000$15,500$16,000$16,500$17,000$17,500$18,000$18,500$19,000$19,500$20,000$20,500$21,000$21,500$22,000$22,500$23,000

Tax per region

Country	Net pay	Average tax	Rank
Nunavut	CAD 214,535	37.0%	1
Yukon	CAD 209,228	38.5%	2
Northwest Territories	CAD 205,936	39.5%	3
New Brunswick	CAD 187,561	44.9%	11
Nova Scotia	CAD 184,038	45.9%	12
Quebec	CAD 183,714	46.0%	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.