Tax Year: 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.
The table below shows what take-home pay you can expect across different provinces and territories for the same gross salary you entered: $75,753 per year. Your selected province is highlighted for easier comparison.
| Province | Tax | Difference | |
|---|---|---|---|
| Quebec | 30% |
$4,410
$4,410
-$333 |
-$333 |
| Nova Scotia | 30% |
$4,421
$4,421
-$322 |
-$322 |
| Prince Edward Island | 29% |
$4,505
$4,505
-$238 |
-$238 |
| Newfoundland and Labrador | 28% |
$4,544
$4,544
-$199 |
-$199 |
| New Brunswick | 27% |
$4,584
$4,584
-$159 |
-$159 |
| Manitoba | 27% |
$4,592
$4,592
-$151 |
-$151 |
| Saskatchewan | 27% |
$4,637
$4,637
-$106 |
-$106 |
| Alberta | 25% |
$4,725
$4,725
-$18 |
-$18 |
| Ontario | 25% |
$4,743
$4,743
– |
– |
| Yukon | 24% |
$4,804
$4,804
$61 |
$61 |
| British Columbia | 24% |
$4,827
$4,827
$84 |
$84 |
| Northwest Territories | 22% |
$4,893
$4,893
$150 |
$150 |
| Nunavut | 20% |
$5,029
$5,029
$286 |
$286 |
The following chart outlines your before-tax earnings relative to the average salary and minimum wage in Ontario.
Please note that these benchmark figures assume full-time employment for the entire year, while your salary is calculated based on the settings you selected.
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.
| Province | ||
|---|---|---|
| Prince Edward Island | $66,338 | $4,029 |
| New Brunswick | $66,464 | $4,094 |
| Manitoba | $67,309 | $4,136 |
| Nova Scotia | $67,804 | $4,020 |
| Quebec | $72,572 | $4,243 |
| Saskatchewan | $73,698 | $4,522 |
| Newfoundland and Labrador | $75,702 | $4,541 |
| Northwest Territories | $75,753 | $4,893 |
| Nunavut | $75,753 | $5,029 |
| Yukon | $75,753 | $4,804 |
| British Columbia | $80,179 | $5,092 |
| Ontario | $80,897 | $5,045 |
| Alberta | $81,160 | $5,038 |
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.
| Province | ||
|---|---|---|
| Alberta | $15.00 | $2,211 |
| Saskatchewan | $15.00 | $2,178 |
| Nova Scotia | $15.20 | $2,155 |
| New Brunswick | $15.30 | $2,181 |
| Newfoundland and Labrador | $15.60 | $2,212 |
| Quebec | $15.75 | $2,161 |
| Manitoba | $15.80 | $2,246 |
| Prince Edward Island | $16.00 | $2,265 |
| Northwest Territories | $16.70 | $2,478 |
| Ontario | $17.20 | $2,457 |
| British Columbia | $17.40 | $2,508 |
| Yukon | $17.59 | $2,533 |
| Nunavut | $19.00 | $2,815 |
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.
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.
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.