Income tax calculator Alberta
Find out how much your salary is after tax
Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$118,000
Federal tax deduction
- $21,537
Provincial tax deduction
- $11,355
CPP deduction
- $3,500
EI deduction
- $953
Total tax
- $37,344
Net pay
*
$80,656
Marginal tax rate
36.0%
Average tax rate
31.6%
68.4%
Net pay
31.6%
Total tax
Total tax
Net pay
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The Taxberg
$80,656
Net pay
$4,834
Tax the employer pays
$37,344
Tax you pay
Total tax paid
$42,178
Did you know your employer also pays tax on your salary? It costs the employer $4,834 to pay you $118,000. In other words, every time you spend $10 of your hard-earned money, $3.57 goes to the government.
Real tax rate
34.3%
So, with you and the employer both paying tax, what used to be a 31.6% tax rate now rises to 34.3%, meaning your real tax rate is actually 2.7% higher than what it seemed at first.
Summary
If you make $118,000 a year living in the region of Alberta, Canada, you will be taxed $37,344. That means that your net pay will be $80,656 per year, or $6,721 per month. Your average tax rate is 31.7% and your marginal tax rate is 36.0%. 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 $36, hence, your net pay will only increase by $64.
Bonus Example
A $1,000 bonus will generate an extra $640 of net incomes. A $5,000 bonus will generate an extra $3,200 of net incomes.
Compare average tax
Tax per region
Region
Net pay
Average tax
Rank
Nunavut
CAD 84,918
28.0%
1
British Columbia
CAD 83,052
29.6%
2
Yukon
CAD 82,729
29.9%
3
Northwest Territories
CAD 82,378
30.2%
4
Alberta
CAD 80,656
31.6%
5
Ontario
CAD 80,222
32.0%
6
Saskatchewan
CAD 78,663
33.3%
7
Newfoundland and Labrador
CAD 77,042
34.7%
8
New Brunswick
CAD 76,894
34.8%
9
Manitoba
CAD 76,091
35.5%
10
Prince Edward Island
CAD 75,511
36.0%
11
Quebec
CAD 75,472
36.0%
12
Nova Scotia
CAD 75,365
36.1%
13
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Europe
Country
Net pay
Average tax
Rank
Russia
CAD 102,660
13.0%
1
Hungary
CAD 96,170
18.5%
2
Ukraine
CAD 94,990
19.5%
3
Switzerland
CAD 93,663
20.6%
4
Czech Republic
CAD 89,387
24.3%
5
France
CAD 83,711
29.1%
6
United Kingdom
CAD 83,453
29.3%
7
Norway
CAD 80,292
32.0%
8
Spain
CAD 78,513
33.5%
9
Denmark
CAD 78,072
33.8%
10
Ireland
CAD 77,296
34.5%
11
Austria
CAD 72,962
38.2%
12
Netherlands
CAD 72,387
38.7%
13
Sweden
CAD 72,318
38.7%
14
Poland
CAD 71,760
39.2%
15
Luxembourg
CAD 70,711
40.1%
16
Romania
CAD 69,030
41.5%
17
Greece
CAD 68,979
41.5%
18
Germany
CAD 67,092
43.1%
19
Finland
CAD 64,299
45.5%
20
Italy
CAD 63,681
46.0%
21
Portugal
CAD 58,088
50.8%
22
Belgium
CAD 51,687
56.2%
23
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North America
Country
Net pay
Average tax
Rank
USA
CAD 86,476
26.7%
1
Canada
CAD 80,222
32.0%
2
Asia / Pacific
Country
Net pay
Average tax
Rank
Hong Kong
CAD 102,516
13.1%
1
Taiwan
CAD 97,451
17.4%
2
Kazakhstan
CAD 96,718
18.0%
3
Singapore
CAD 95,511
19.1%
4
Thailand
CAD 91,776
22.2%
5
South Korea
CAD 89,375
24.3%
6
China
CAD 85,697
27.4%
7
Australia
CAD 85,621
27.4%
8
New Zealand
CAD 84,974
28.0%
9
Indonesia
CAD 84,950
28.0%
10
Japan
CAD 84,078
28.8%
11
Pakistan
CAD 82,932
29.7%
12
Malaysia
CAD 81,583
30.9%
13
Philippines
CAD 81,113
31.3%
14
Vietnam
CAD 78,988
33.1%
15
India
CAD 66,891
43.3%
16
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Latin America
Country
Net pay
Average tax
Rank
Guatemala
CAD 105,522
10.6%
1
Chile
CAD 94,207
20.2%
2
Costa Rica
CAD 93,024
21.2%
3
Puerto Rico
CAD 88,173
25.3%
4
Panama
CAD 88,036
25.4%
5
Colombia
CAD 86,463
26.7%
6
Brazil
CAD 86,332
26.8%
7
Ecuador
CAD 85,677
27.4%
8
Uruguay
CAD 85,506
27.5%
9
Peru
CAD 83,261
29.4%
10
Mexico
CAD 81,942
30.6%
11
Argentina
CAD 76,690
35.0%
12
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Africa
Country
Net pay
Average tax
Rank
Angola
CAD 86,086
27.1%
1
Kenya
CAD 83,306
29.4%
2
Nigeria
CAD 80,437
31.8%
3
Mozambique
CAD 79,781
32.4%
4
Ghana
CAD 79,446
32.7%
5
Ivory Coast
CAD 78,854
33.2%
6
South Africa
CAD 78,127
33.8%
7
Morocco
CAD 74,654
36.7%
8
Cameroon
CAD 73,561
37.7%
9
Zambia
CAD 72,977
38.2%
10
Senegal
CAD 72,393
38.7%
11
Uganda
CAD 69,877
40.8%
12
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Middle East
Country
Net pay
Average tax
Rank
United Arab Emirates
CAD 112,100
5.0%
1
Qatar
CAD 112,100
5.0%
2
Bahrain
CAD 108,560
8.0%
3
Oman
CAD 108,560
8.0%
4
Saudi Arabia
CAD 106,200
10.0%
5
Kuwait
CAD 105,926
10.2%
6
Egypt
CAD 88,885
24.7%
7
Lebanon
CAD 88,764
24.8%
8
Israel
CAD 83,661
29.1%
9
Turkey
CAD 68,991
41.5%
10
Show more
NOTE* Withholding is calculated based on the Alberta 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.