Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$50,306
Federal tax deduction
- $6,850
Provincial tax deduction
- $3,133
CPP deduction
- $2,668
EI deduction
- $795
Total tax
- $13,445
Net pay
* $36,861
Marginal tax rate
35.3%
Average tax rate
26.7%
73.3%
Net pay
26.7%
Total tax
Total tax
Net pay
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Summary
If you make $50,306 a year living in the region of Ontario, Canada, you will be taxed $13,445. That means that your net pay will be $36,861 per year, or $3,072 per month. Your average tax rate is 26.7% and your marginal tax rate is 35.3%. 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 $35.25, hence, your net pay will only increase by $64.75.
Bonus Example
A $1,000 bonus will generate an extra $648 of net incomes. A $5,000 bonus will generate an extra $3,238 of net incomes.
Region
Alberta
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Northwest Territories
Nova Scotia
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Prince Edward Island
Quebec
Saskatchewan
Yukon
Tax per income
$50,500
$51,000
$51,500
$52,000
$52,500
$53,000
$53,500
$54,000
$54,500
$55,000
$55,500
$56,000
$56,500
$57,000
$57,500
$58,000
$58,500
$59,000
$59,500
$60,000
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.