Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$37,873
Federal tax deduction
- $5,104
Provincial tax deduction
- $3,532
CPP deduction
- $1,959
EI deduction
- $598
Total tax
- $11,193
Net pay
* $26,680
Marginal tax rate
30.5%
Average tax rate
29.6%
70.4%
Net pay
29.6%
Total tax
Total tax
Net pay
The Taxberg
$26,680
Net pay
$2,797
Tax the employer pays
$11,193
Tax you pay
Total tax paid
$13,990
Did you know your employer also pays tax on your salary? It costs the employer $2,797 to pay you $37,873. In other words, every time you spend $10 of your hard-earned money, $3.69 goes to the government.
Real tax rate
34.4%
So, with you and the employer both paying tax, what used to be a 29.6% tax rate now rises to 34.4%, meaning your real tax rate is actually 4.8% higher than what it seemed at first.
Summary
If you make $37,873 a year living in the region of Alberta, Canada, you will be taxed $11,193. That means that your net pay will be $26,680 per year, or $2,223 per month. Your average tax rate is 29.6% 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 31,337
17.3%
1
Canada
CAD 28,041
26.0%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 35,601
6.0%
1
Taiwan
CAD 33,882
10.5%
2
Thailand
CAD 33,413
11.8%
3
Australia
CAD 33,079
12.7%
4
South Korea
CAD 31,650
16.4%
5
New Zealand
CAD 31,507
16.8%
6
Kazakhstan
CAD 30,312
20.0%
7
Pakistan
CAD 30,291
20.0%
8
Indonesia
CAD 30,284
20.0%
9
Singapore
CAD 29,865
21.1%
10
Japan
CAD 29,763
21.4%
11
Malaysia
CAD 29,665
21.7%
12
Philippines
CAD 28,581
24.5%
13
Vietnam
CAD 27,565
27.2%
14
China
CAD 26,001
31.4%
15
India
CAD 24,738
34.7%
16
Show more
Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 34,242
9.6%
1
Puerto Rico
CAD 33,446
11.7%
2
Costa Rica
CAD 33,326
12.0%
3
Ecuador
CAD 32,355
14.6%
4
Colombia
CAD 31,183
17.7%
5
Panama
CAD 30,951
18.3%
6
Chile
CAD 30,459
19.6%
7
Mexico
CAD 29,385
22.4%
8
Peru
CAD 29,002
23.4%
9
Brazil
CAD 28,240
25.4%
10
Uruguay
CAD 27,377
27.7%
11
Argentina
CAD 24,608
35.0%
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.