Income tax calculator Alberta

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$40,980
Federal tax deduction
- $5,536
Provincial tax deduction
- $3,820
CPP deduction
- $2,136
EI deduction
- $647
Total tax
- $12,140
Net pay
* $28,840
Marginal tax rate
30.5%
Average tax rate
29.6%
70.4%
Net pay
29.6%
Total tax
Total tax
Net pay
The Taxberg
$28,840
Net pay
$3,043
Tax the employer pays
$12,140
Tax you pay
Total tax paid
$15,183
Did you know your employer also pays tax on your salary? It costs the employer $3,043 to pay you $40,980. In other words, every time you spend $10 of your hard-earned money, $3.70 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.
People also ask
$40,980 yearly is how much per hour?
$21.02 hourly is how much per year?
What is the average salary in Canada?
Summary
If you make $40,980 a year living in the region of Alberta, Canada, you will be taxed $12,140. That means that your net pay will be $28,840 per year, or $2,403 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
Region
Alberta
British Columbia
Manitoba
New Brunswick
Newfoundland and Labrador
Northwest Territories
Nova Scotia
Nunavut
Ontario
Prince Edward Island
Quebec
Saskatchewan
Yukon
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
Europe
Country 
Net pay
Average tax
Rank
Switzerland
CAD 36,446
11.1%
1
Russia
CAD 35,653
13.0%
2
Ireland
CAD 35,402
13.6%
3
United Kingdom
CAD 34,840
15.0%
4
France
CAD 34,479
15.9%
5
Hungary
CAD 33,399
18.5%
6
Ukraine
CAD 32,989
19.5%
7
Norway
CAD 32,907
19.7%
8
Luxembourg
CAD 32,638
20.4%
9
Czech Republic
CAD 32,129
21.6%
10
Spain
CAD 32,040
21.8%
11
Austria
CAD 31,832
22.3%
12
Sweden
CAD 29,260
28.6%
13
Greece
CAD 29,048
29.1%
14
Germany
CAD 28,688
30.0%
15
Italy
CAD 28,419
30.7%
16
Poland
CAD 27,904
31.9%
17
Denmark
CAD 27,525
32.8%
18
Finland
CAD 26,778
34.7%
19
Netherlands
CAD 25,788
37.1%
20
Portugal
CAD 25,785
37.1%
21
Romania
CAD 23,973
41.5%
22
Belgium
CAD 23,089
43.7%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 33,636
17.9%
1
Canada
CAD 30,281
26.1%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 38,375
6.4%
1
Taiwan
CAD 36,568
10.8%
2
Thailand
CAD 35,842
12.5%
3
Australia
CAD 35,533
13.3%
4
South Korea
CAD 34,079
16.8%
5
New Zealand
CAD 33,872
17.4%
6
Kazakhstan
CAD 32,829
19.9%
7
Indonesia
CAD 32,544
20.6%
8
Pakistan
CAD 32,388
21.0%
9
Singapore
CAD 32,244
21.3%
10
Japan
CAD 31,880
22.2%
11
Malaysia
CAD 31,692
22.7%
12
Philippines
CAD 30,678
25.1%
13
Vietnam
CAD 29,540
27.9%
14
China
CAD 27,700
32.4%
15
India
CAD 26,503
35.3%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 37,051
9.6%
1
Puerto Rico
CAD 36,033
12.1%
2
Costa Rica
CAD 35,828
12.6%
3
Ecuador
CAD 34,746
15.2%
4
Colombia
CAD 33,357
18.6%
5
Panama
CAD 33,302
18.7%
6
Chile
CAD 32,815
19.9%
7
Mexico
CAD 31,493
23.2%
8
Peru
CAD 31,284
23.7%
9
Brazil
CAD 30,493
25.6%
10
Uruguay
CAD 29,599
27.8%
11
Argentina
CAD 26,627
35.0%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 31,983
22.0%
1
Angola
CAD 30,054
26.7%
2
Mozambique
CAD 29,718
27.5%
3
Kenya
CAD 29,392
28.3%
4
Ghana
CAD 28,498
30.5%
5
Ivory Coast
CAD 28,346
30.8%
6
Nigeria
CAD 28,048
31.6%
7
Morocco
CAD 27,981
31.7%
8
Uganda
CAD 27,047
34.0%
9
Cameroon
CAD 26,667
34.9%
10
Senegal
CAD 26,181
36.1%
11
Zambia
CAD 25,609
37.5%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 38,931
5.0%
1
Qatar
CAD 38,931
5.0%
2
Bahrain
CAD 37,702
8.0%
3
Oman
CAD 37,702
8.0%
4
Saudi Arabia
CAD 36,882
10.0%
5
Kuwait
CAD 36,472
11.0%
6
Israel
CAD 34,233
16.5%
7
Egypt
CAD 31,120
24.1%
8
Lebanon
CAD 30,999
24.4%
9
Turkey
CAD 24,134
41.1%
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.