Salary Calculator Canada - Salary After Tax (2024)

Salary Calculator Results 2024–2025

If you live in Ontario and earn a gross annual salary of $75,753, or $6,313 per month, your monthly take-home pay will be $4,743. This results in an effective tax rate of 25%, as estimated by our Canadian salary calculator.

Click Calculate to apply your changes Paid months per year: 12 Paid months per year: 12 Biweekly payments per year: 26 Working weeks per year: 52 Working days per week: 5 Working hours per week: 40.0

Monthly
Gross Income $6,313 $75,753 $2,914 $1,457 $291.36 $36.42
Tax Due (25%) $1,569 $18,833 $724 $362 $72.43 $9.05
Federal Tax $756 $9,074 $349 $175 $34.90 $4.36
Provincial Tax $388 $4,654 $179 $89 $17.90 $2.24
CPP/QPP, EI, QPIP $425 $5,105 $196 $98 $19.63 $2.45
Net Income $4,743 $56,920 $2,189 $1,095 $218.92 $27.37

Your Take-Home Pay in Other Provinces

The table below shows how your monthly take-home pay varies across different provinces and territories based on the gross salary you entered. Your selected province is highlighted for easier comparison.

Province Tax Net Income Difference
Quebec 30% $4,410 -$334
Nova Scotia 30% $4,421 -$323
Prince Edward Island 29% $4,505 -$239
Newfoundland and Labrador 28% $4,544 -$199
New Brunswick 27% $4,584 -$159
Manitoba 27% $4,592 -$151
Saskatchewan 27% $4,637 -$107
Alberta 25% $4,725 -$19
Ontario 25% $4,743 $0
Yukon 24% $4,804 $61
British Columbia 24% $4,827 $84
Northwest Territories 22% $4,893 $150
Nunavut 20% $5,029 $286
Show all provinces

Your Salary vs. Canadian Wages

The following chart outlines your earnings relative to the national average salary and minimum wage in Canada.

Please note that the national figures assume full-time employment for the entire year, while your salary is calculated according to the settings you selected.

Average Salary in Canada

According to 2024 figures from Statistics Canada, the average (mean) salary for full-time employees in Canada is $75,753 per year, or $6,313 per month, before taxes and contributions.

To provide a clearer look at what residents in the largest Canadian provinces make, we've compiled each province's average gross salary, next to the after-tax figures calculated using our take-home pay calculator.

Source: Statistics Canada, Table 14-10-0063-01
Province Yearly Salary Monthly After Tax
Canada (aggregate) $75,753 $4,743 (est.)
Alberta $80,822 $5,018
British Columbia $78,068 $4,965
Ontario $79,047 $4,936
Quebec $70,995 $4,163

Check how your salary stacks up against the cost of living in Toronto

Minimum Wage in Canada

As of October 2024, the federal minimum wage in Canada is $17.30 per hour. Assuming a standard 40-hour work week, this amounts to an annual salary of $35,984. If you are living in Toronto, this corresponds to a monthly net income of approximately $2,470, as estimated by our Ontario salary calculator.

Source: Government of Canada, Minimum Wage Rates
Province Hourly Wage Yearly Salary
Canada (federal) $17.30 $35,984
Alberta $15.00 $31,200
British Columbia $17.40 $36,192
Ontario $17.20 $35,776
Quebec $15.75 $32,760

For a more comprehensive view of the minimum wage across different provinces and how they are taxed, check our Minimum Wage in Canada by Province article.

How Is Salary Calculated and Paid in Canada?

If you're an employee in Canada, your employer will issue paychecks with taxes already deducted and any applicable credits applied. This means your salary after tax is automatically calculated for you. Just remember that the deductions are based on a form you filled out at the time of your employment: the TD1 Personal Tax Credits Return.

You can request additional tax deductions through the Canada Revenue Agency (CRA). When it’s time to file your taxes, you can submit your return using any CRA-approved software, through a tax representative, or by manually completing a paper form. If you're traditionally employed, the filing deadline is April 30th, but self-employed earners have an extension to June 15th.

Taxes Included in This Canadian Salary Calculator

  • Federal tax: This is the tax paid to the Canadian government. Rates start at 15% and can increase up to 33% depending on your income level.
  • Provincial tax: This tax is paid to the provincial government and varies depending on the province where the income is earned. Like federal tax, the rates may increase with higher income levels.
  • Canada Pension Plan (CPP) or Quebec Pension Plan (QPP): These are contributions toward your financial security in cases of disability, death, or retirement. Both employee and employer contributions are made automatically with each paycheck.
  • Employment Insurance (EI): This is a social insurance program that supports individuals during periods of unemployment. Like CPP/QPP, EI and QPIP premiums are calculated at fixed rates up to a maximum income level and are automatically deducted from your paychecks.

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The information provided on this site is intended for informational purposes only.
Please consult a qualified specialist such as an accountant or tax advisor for any major financial decisions.

Salary Calculator Canada - Salary After Tax (2024)

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