Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$24,271
Federal tax deduction
- $3,212
Provincial tax deduction
- $2,270
CPP deduction
- $1,184
EI deduction
- $383
Total tax
- $7,050
Net pay
* $17,221
Marginal tax rate
30.5%
Average tax rate
29.0%
71.0%
Net pay
29.0%
Total tax
Total tax
Net pay
The Taxberg
$17,221
Net pay
$1,721
Tax the employer pays
$7,050
Tax you pay
Total tax paid
$8,771
Did you know your employer also pays tax on your salary? It costs the employer $1,721 to pay you $24,271. In other words, every time you spend $10 of your hard-earned money, $3.61 goes to the government.
Real tax rate
33.7%
So, with you and the employer both paying tax, what used to be a 29% tax rate now rises to 33.7%, meaning your real tax rate is actually 4.7% higher than what it seemed at first.
Summary
If you make $24,271 a year living in the region of Alberta, Canada, you will be taxed $7,050. That means that your net pay will be $17,221 per year, or $1,435 per month. Your average tax rate is 29.1% 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.
Compare average tax
North America
Country 
Net pay
Average tax
Rank
USA
CAD 21,060
13.2%
1
Canada
CAD 18,088
25.5%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 23,040
5.1%
1
Australia
CAD 22,535
7.2%
2
Thailand
CAD 22,229
8.4%
3
Taiwan
CAD 22,105
8.9%
4
South Korea
CAD 21,015
13.4%
5
Pakistan
CAD 20,672
14.8%
6
New Zealand
CAD 20,500
15.5%
7
Indonesia
CAD 20,362
16.1%
8
Malaysia
CAD 20,344
16.2%
9
Japan
CAD 19,563
19.4%
10
Singapore
CAD 19,356
20.3%
11
Philippines
CAD 19,355
20.3%
12
Kazakhstan
CAD 19,295
20.5%
13
Vietnam
CAD 18,424
24.1%
14
China
CAD 17,137
29.4%
15
India
CAD 17,012
29.9%
16
Show more
Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 20,463
15.7%
1
Mozambique
CAD 18,243
24.8%
2
Angola
CAD 17,899
26.3%
3
Morocco
CAD 17,775
26.8%
4
Kenya
CAD 17,695
27.1%
5
Ivory Coast
CAD 17,484
28.0%
6
Ghana
CAD 17,445
28.1%
7
Nigeria
CAD 16,682
31.3%
8
Cameroon
CAD 16,494
32.0%
9
Uganda
CAD 16,186
33.3%
10
Senegal
CAD 16,006
34.1%
11
Zambia
CAD 15,333
36.8%
12
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.