Salary and Tax Calculator
Canada | Ontario | 2018 Tables
Deductions
Salary100 000,00 $
Federal tax deduction- 15 841,56 $
Provincial tax deduction- 8 566,08 $
CPP deductions- 2 593,80 $
EI deductions- 858,22 $
Total Tax- 27 859,66 $
Net pay*72 140,30 $
27,86% average tax rate
43,41% marginal tax rate
* Deductions are calculated based on the Ontario tables of Canada, 2018 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.
Summary
If you make $ 100 000,00 a year living in the region of Ontario, Canada, you will be taxed $ 27 859,66 . That means that your net pay will be $ 72 140,30 per year, or $ 6 011,70 per month. Your average tax rate is 27,86% and your marginal tax rate is 43,41%. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of $ 100,00 in your salary will be taxed $ 43,41, hence, your net pay will only increase by $ 56,59.
A $ 1 000,00 bonus will generate an extra $ 565,90 of net revenues.
A $ 5 000,00 bonus will generate an extra $ 2 829,52 of net revenues.
A $ 1 000,00 bonus will generate an extra $ 565,90 of net revenues.
A $ 5 000,00 bonus will generate an extra $ 2 829,52 of net revenues.