Income Tax Calculator Alberta

Find out how much your salary is after tax

Enter your gross income

Salary rate

Withholding

Salary $40,404

EI deduction - $638

CPP deduction - $2,104

Federal tax deduction - $5,456

Provincial tax deduction - $3,766

Total tax - $11,964

Net pay * $28,440

Marginal tax rate 30.5%

Average tax rate 29.6%

29.6%Total tax

70.4%

Net pay

The Taxberg

$28,440

Net pay

$2,997

Tax the employer pays

$11,964

Tax you pay

Total tax paid

$14,961

Did you know your employer also pays tax on your salary? It costs the employer $2,997 to pay you $40,404. In other words, every time you spend $10 of your hard-earned money, $3.7 goes to the government.

Real tax rate

34.5%

So, with you and the employer both paying tax, what used to be a 29.6% tax rate now rises to 34.5%, meaning your real tax rate is actually 4.9% higher than what it seemed at first.

Summary

If you make $40,404 a year living in the region of Alberta, Canada, you will be taxed $11,964. That means that your net pay will be $28,440 per year, or $2,370 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 $30.5, hence, your net pay will only increase by $69.5.

Bonus Example

A $1,000 bonus will generate an extra $695 of net incomes. A $5,000 bonus will generate an extra $3,475 of net incomes.

Province

AlbertaBritish ColumbiaManitobaNew BrunswickNewfoundland and LabradorNorthwest TerritoriesNova ScotiaNunavutOntarioPrince Edward IslandQuebecSaskatchewanYukon

Tax per income

$40,500$41,000$41,500$42,000$42,500$43,000$43,500$44,000$44,500$45,000$45,500$46,000$46,500$47,000$47,500$48,000$48,500$49,000$49,500$50,000

Tax per region

Country	Net pay	Average tax	Rank
Nunavut	CAD 30,699	24.0%	1
British Columbia	CAD 30,296	25.0%	2
Northwest Territories	CAD 29,984	25.8%	3
Saskatchewan	CAD 28,251	30.1%	11
Prince Edward Island	CAD 28,178	30.3%	12
Manitoba	CAD 28,021	30.6%	13

NOTE* Withholding is calculated based on the Alberta tables of CA, 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.