Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$9,322
Federal tax deduction
- $2,223
Provincial tax deduction
- $1,364
CPP deduction
- $135
EI deduction
- $36.64
Total tax
- $3,759
Net pay
* $5,563
Marginal tax rate
52.5%
Average tax rate
40.3%
59.7%
Net pay
40.3%
Total tax
Total tax
Net pay
The Taxberg
$5,563
Net pay
$186
Tax the employer pays
$3,759
Tax you pay
Total tax paid
$3,945
Did you know your employer also pays tax on your salary? It costs the employer $186 to pay you $9,322. In other words, every time you spend $10 of your hard-earned money, $4.23 goes to the government.
Real tax rate
41.5%
So, with you and the employer both paying tax, what used to be a 40.3% tax rate now rises to 41.5%, meaning your real tax rate is actually 1.2% higher than what it seemed at first.
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Summary
If you make $242,372 a year living in the region of Ontario, Canada, you will be taxed $97,730. That means that your net pay will be $144,642 per year, or $12,053 per month. Your average tax rate is 40.3% and your marginal tax rate is 52.5%. 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 $52.50, hence, your net pay will only increase by $47.50.
Bonus Example
A $1,000 bonus will generate an extra $475 of net incomes. A $5,000 bonus will generate an extra $2,375 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
$9,500
$10,000
$10,500
$11,000
$11,500
$12,000
$12,500
$13,000
$13,500
$14,000
$14,500
$15,000
$15,500
$16,000
$16,500
$17,000
$17,500
$18,000
$18,500
$19,000
Tax per region
Region
Net pay
Average tax
Rank
Nunavut
CAD 159,663
34.1%
1
Yukon
CAD 155,629
35.8%
2
Northwest Territories
CAD 153,562
36.6%
3
Alberta
CAD 152,871
36.9%
4
British Columbia
CAD 150,113
38.1%
5
Saskatchewan
CAD 149,048
38.5%
6
Ontario
CAD 144,642
40.3%
7
Manitoba
CAD 142,557
41.2%
8
Newfoundland and Labrador
CAD 142,300
41.3%
9
New Brunswick
CAD 141,309
41.7%
10
Prince Edward Island
CAD 140,770
41.9%
11
Nova Scotia
CAD 138,473
42.9%
12
Quebec
CAD 137,550
43.2%
13
Show more
North America
Country 
Net pay
Average tax
Rank
USA
CAD 165,201
31.8%
1
Canada
CAD 144,642
40.3%
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.