Income tax calculator Alberta
Find out how much your salary is after tax
Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$120,120
Federal tax deduction
- $22,088
Provincial tax deduction
- $11,567
CPP deduction
- $3,500
EI deduction
- $953
Total tax
- $38,108
Net pay
*
$82,012
Marginal tax rate
36.0%
Average tax rate
31.7%
68.3%
Net pay
31.7%
Total tax
Total tax
Net pay
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The Taxberg
$82,012
Net pay
$4,834
Tax the employer pays
$38,108
Tax you pay
Total tax paid
$42,941
Did you know your employer also pays tax on your salary? It costs the employer $4,834 to pay you $120,120. In other words, every time you spend $10 of your hard-earned money, $3.57 goes to the government.
Real tax rate
34.4%
So, with you and the employer both paying tax, what used to be a 31.7% tax rate now rises to 34.4%, meaning your real tax rate is actually 2.7% higher than what it seemed at first.
Summary
If you make $120,120 a year living in the region of Alberta, Canada, you will be taxed $38,108. That means that your net pay will be $82,012 per year, or $6,834 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 86,296
28.2%
1
British Columbia
CAD 84,358
29.8%
2
Yukon
CAD 84,066
30.0%
3
Northwest Territories
CAD 83,688
30.3%
4
Alberta
CAD 82,012
31.7%
5
Ontario
CAD 81,421
32.2%
6
Saskatchewan
CAD 79,967
33.4%
7
Newfoundland and Labrador
CAD 78,276
34.8%
8
New Brunswick
CAD 78,113
35.0%
9
Manitoba
CAD 77,291
35.7%
10
Prince Edward Island
CAD 76,691
36.2%
11
Quebec
CAD 76,600
36.2%
12
Nova Scotia
CAD 76,563
36.3%
13
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Europe
Country
Net pay
Average tax
Rank
Russia
CAD 104,504
13.0%
1
Hungary
CAD 97,898
18.5%
2
Ukraine
CAD 96,697
19.5%
3
Switzerland
CAD 95,138
20.8%
4
Czech Republic
CAD 91,019
24.2%
5
France
CAD 84,991
29.3%
6
United Kingdom
CAD 84,656
29.5%
7
Norway
CAD 81,492
32.2%
8
Spain
CAD 79,671
33.7%
9
Denmark
CAD 79,386
33.9%
10
Ireland
CAD 78,314
34.8%
11
Austria
CAD 74,226
38.2%
12
Netherlands
CAD 73,457
38.9%
13
Sweden
CAD 73,378
38.9%
14
Poland
CAD 72,980
39.2%
15
Luxembourg
CAD 71,683
40.3%
16
Romania
CAD 70,270
41.5%
17
Greece
CAD 70,134
41.6%
18
Germany
CAD 68,009
43.4%
19
Finland
CAD 65,231
45.7%
20
Italy
CAD 64,643
46.2%
21
Portugal
CAD 58,677
51.2%
22
Belgium
CAD 52,479
56.3%
23
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North America
Country
Net pay
Average tax
Rank
USA
CAD 87,839
26.9%
1
Canada
CAD 81,421
32.2%
2
Asia / Pacific
Country
Net pay
Average tax
Rank
Hong Kong
CAD 104,276
13.2%
1
Taiwan
CAD 98,935
17.6%
2
Kazakhstan
CAD 98,626
17.9%
3
Singapore
CAD 97,387
18.9%
4
Thailand
CAD 93,260
22.4%
5
South Korea
CAD 90,632
24.6%
6
China
CAD 87,181
27.4%
7
Australia
CAD 86,914
27.6%
8
New Zealand
CAD 86,384
28.1%
9
Indonesia
CAD 86,383
28.1%
10
Japan
CAD 85,411
28.9%
11
Pakistan
CAD 84,310
29.8%
12
Malaysia
CAD 82,951
30.9%
13
Philippines
CAD 82,498
31.3%
14
Vietnam
CAD 80,366
33.1%
15
India
CAD 68,029
43.4%
16
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Latin America
Country
Net pay
Average tax
Rank
Guatemala
CAD 107,398
10.6%
1
Chile
CAD 95,683
20.3%
2
Costa Rica
CAD 94,542
21.3%
3
Panama
CAD 89,451
25.5%
4
Puerto Rico
CAD 89,431
25.6%
5
Colombia
CAD 88,059
26.7%
6
Brazil
CAD 87,869
26.9%
7
Uruguay
CAD 87,015
27.6%
8
Ecuador
CAD 86,925
27.6%
9
Peru
CAD 84,559
29.6%
10
Mexico
CAD 83,341
30.6%
11
Argentina
CAD 78,068
35.0%
12
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Africa
Country
Net pay
Average tax
Rank
Angola
CAD 87,629
27.1%
1
Kenya
CAD 84,790
29.4%
2
Nigeria
CAD 81,879
31.8%
3
Mozambique
CAD 81,159
32.4%
4
Ghana
CAD 80,849
32.7%
5
Ivory Coast
CAD 80,301
33.2%
6
South Africa
CAD 79,377
33.9%
7
Morocco
CAD 75,939
36.8%
8
Cameroon
CAD 74,852
37.7%
9
Zambia
CAD 74,281
38.2%
10
Senegal
CAD 73,665
38.7%
11
Uganda
CAD 71,043
40.9%
12
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Middle East
Country
Net pay
Average tax
Rank
United Arab Emirates
CAD 114,114
5.0%
1
Qatar
CAD 114,114
5.0%
2
Bahrain
CAD 110,510
8.0%
3
Oman
CAD 110,510
8.0%
4
Saudi Arabia
CAD 108,108
10.0%
5
Kuwait
CAD 107,866
10.2%
6
Egypt
CAD 90,475
24.7%
7
Lebanon
CAD 90,354
24.8%
8
Israel
CAD 84,874
29.3%
9
Turkey
CAD 70,226
41.5%
10
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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.