Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$20,048
Federal tax deduction
- $2,625
Provincial tax deduction
- $1,879
CPP deduction
- $943
EI deduction
- $317
Total tax
- $5,764
Net pay
* $14,284
Marginal tax rate
30.5%
Average tax rate
28.8%
71.2%
Net pay
28.8%
Total tax
Total tax
Net pay
The Taxberg
$14,284
Net pay
$1,387
Tax the employer pays
$5,764
Tax you pay
Total tax paid
$7,151
Did you know your employer also pays tax on your salary? It costs the employer $1,387 to pay you $20,048. In other words, every time you spend $10 of your hard-earned money, $3.57 goes to the government.
Real tax rate
33.4%
So, with you and the employer both paying tax, what used to be a 28.8% tax rate now rises to 33.4%, meaning your real tax rate is actually 4.6% higher than what it seemed at first.
Summary
If you make $20,048 a year living in the region of Alberta, Canada, you will be taxed $5,764. That means that your net pay will be $14,284 per year, or $1,190 per month. Your average tax rate is 28.8% and your marginal tax rate is 30.5%. 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 $30.46, hence, your net pay will only increase by $69.54.
Bonus Example
A $1,000 bonus will generate an extra $695 of net incomes. A $5,000 bonus will generate an extra $3,477 of net incomes.
Tax per region
Region
Net pay
Average tax
Rank
Quebec
CAD 16,105
19.7%
1
British Columbia
CAD 15,702
21.7%
2
Nunavut
CAD 15,411
23.1%
3
Ontario
CAD 15,211
24.1%
4
Northwest Territories
CAD 15,054
24.9%
5
Yukon
CAD 15,043
25.0%
6
Newfoundland and Labrador
CAD 14,528
27.5%
7
Nova Scotia
CAD 14,511
27.6%
8
New Brunswick
CAD 14,397
28.2%
9
Prince Edward Island
CAD 14,322
28.6%
10
Alberta
CAD 14,284
28.8%
11
Saskatchewan
CAD 14,190
29.2%
12
Manitoba
CAD 14,134
29.5%
13
Show more
North America
Country 
Net pay
Average tax
Rank
USA
CAD 17,783
11.3%
1
Canada
CAD 15,211
24.1%
2
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.