Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$48,048
Federal tax deduction
- $6,519
Provincial tax deduction
- $2,896
CPP deduction
- $2,539
EI deduction
- $759
Total tax
- $12,714
Net pay
* $35,334
Marginal tax rate
32.0%
Average tax rate
26.5%
73.5%
Net pay
26.5%
Total tax
Total tax
Net pay
The Taxberg
$35,334
Net pay
$3,602
Tax the employer pays
$12,714
Tax you pay
Total tax paid
$16,316
Did you know your employer also pays tax on your salary? It costs the employer $3,602 to pay you $48,048. In other words, every time you spend $10 of your hard-earned money, $3.40 goes to the government.
Real tax rate
31.6%
So, with you and the employer both paying tax, what used to be a 26.5% tax rate now rises to 31.6%, meaning your real tax rate is actually 5.1% higher than what it seemed at first.
Summary
If you make $48,048 a year living in the region of Ontario, Canada, you will be taxed $12,714. That means that your net pay will be $35,334 per year, or $2,945 per month. Your average tax rate is 26.5% and your marginal tax rate is 32.0%. 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 $31.97, hence, your net pay will only increase by $68.03.
Bonus Example
A $1,000 bonus will generate an extra $680 of net incomes. A $5,000 bonus will generate an extra $3,402 of net incomes.
Compare average tax
Europe
Country 
Net pay
Average tax
Rank
Switzerland
CAD 42,257
12.1%
1
Russia
CAD 41,802
13.0%
2
Ireland
CAD 40,456
15.8%
3
United Kingdom
CAD 39,557
17.7%
4
France
CAD 39,431
17.9%
5
Hungary
CAD 39,159
18.5%
6
Ukraine
CAD 38,679
19.5%
7
Norway
CAD 37,572
21.8%
8
Czech Republic
CAD 37,359
22.3%
9
Luxembourg
CAD 37,112
22.8%
10
Spain
CAD 36,662
23.7%
11
Austria
CAD 35,589
25.9%
12
Sweden
CAD 34,010
29.2%
13
Greece
CAD 33,415
30.5%
14
Germany
CAD 32,593
32.2%
15
Denmark
CAD 32,358
32.7%
16
Poland
CAD 32,234
32.9%
17
Italy
CAD 31,521
34.4%
18
Finland
CAD 30,663
36.2%
19
Netherlands
CAD 30,236
37.1%
20
Portugal
CAD 29,461
38.7%
21
Romania
CAD 28,108
41.5%
22
Belgium
CAD 25,233
47.5%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 38,865
19.1%
1
Canada
CAD 35,334
26.5%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 44,527
7.3%
1
Taiwan
CAD 42,679
11.2%
2
Thailand
CAD 41,181
14.3%
3
Australia
CAD 40,180
16.4%
4
South Korea
CAD 39,549
17.7%
5
New Zealand
CAD 38,761
19.3%
6
Kazakhstan
CAD 38,554
19.8%
7
Indonesia
CAD 37,551
21.9%
8
Singapore
CAD 37,423
22.1%
9
Pakistan
CAD 37,159
22.7%
10
Japan
CAD 36,696
23.6%
11
Malaysia
CAD 36,275
24.5%
12
Philippines
CAD 35,408
26.3%
13
Vietnam
CAD 33,968
29.3%
14
China
CAD 32,082
33.2%
15
India
CAD 30,517
36.5%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 43,441
9.6%
1
Puerto Rico
CAD 41,615
13.4%
2
Costa Rica
CAD 41,409
13.8%
3
Ecuador
CAD 40,182
16.4%
4
Panama
CAD 38,649
19.6%
5
Chile
CAD 38,462
20.0%
6
Colombia
CAD 38,305
20.3%
7
Peru
CAD 36,428
24.2%
8
Mexico
CAD 36,245
24.6%
9
Brazil
CAD 35,617
25.9%
10
Uruguay
CAD 34,248
28.7%
11
Argentina
CAD 31,222
35.0%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 36,506
24.0%
1
Angola
CAD 35,196
26.8%
2
Kenya
CAD 34,339
28.5%
3
Mozambique
CAD 34,312
28.6%
4
Ghana
CAD 33,173
31.0%
5
Nigeria
CAD 32,855
31.6%
6
Ivory Coast
CAD 32,723
31.9%
7
Morocco
CAD 32,264
32.9%
8
Uganda
CAD 31,403
34.6%
9
Cameroon
CAD 30,971
35.5%
10
Senegal
CAD 30,422
36.7%
11
Zambia
CAD 29,956
37.7%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 45,646
5.0%
1
Qatar
CAD 45,646
5.0%
2
Bahrain
CAD 44,204
8.0%
3
Oman
CAD 44,204
8.0%
4
Saudi Arabia
CAD 43,243
10.0%
5
Kuwait
CAD 42,763
11.0%
6
Israel
CAD 39,371
18.1%
7
Egypt
CAD 36,421
24.2%
8
Lebanon
CAD 36,300
24.5%
9
Turkey
CAD 28,251
41.2%
10
Show more
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.