Income tax calculator Alberta

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$42,039
Federal tax deduction
- $5,684
Provincial tax deduction
- $3,918
CPP deduction
- $2,197
EI deduction
- $664
Total tax
- $12,462
Net pay
* $29,577
Marginal tax rate
30.5%
Average tax rate
29.6%
70.4%
Net pay
29.6%
Total tax
Total tax
Net pay
The Taxberg
$29,577
Net pay
$3,127
Tax the employer pays
$12,462
Tax you pay
Total tax paid
$15,589
Did you know your employer also pays tax on your salary? It costs the employer $3,127 to pay you $42,039. In other words, every time you spend $10 of your hard-earned money, $3.71 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
$42,039 yearly is how much per hour?
$21.56 hourly is how much per year?
What is the average salary in Canada?
Summary
If you make $42,039 a year living in the region of Alberta, Canada, you will be taxed $12,462. That means that your net pay will be $29,577 per year, or $2,465 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.
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
$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
$50,500
$51,000
$51,500
$52,000
Tax per region
Region
Net pay
Average tax
Rank
Nunavut
CAD 31,927
24.1%
1
British Columbia
CAD 31,491
25.1%
2
Northwest Territories
CAD 31,183
25.8%
3
Ontario
CAD 31,066
26.1%
4
Yukon
CAD 31,069
26.1%
5
Quebec
CAD 30,539
27.4%
6
Newfoundland and Labrador
CAD 29,919
28.8%
7
New Brunswick
CAD 29,809
29.1%
8
Alberta
CAD 29,577
29.6%
9
Saskatchewan
CAD 29,381
30.1%
10
Nova Scotia
CAD 29,284
30.3%
11
Prince Edward Island
CAD 29,252
30.4%
12
Manitoba
CAD 29,114
30.7%
13
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Europe
Country 
Net pay
Average tax
Rank
Switzerland
CAD 37,321
11.2%
1
Russia
CAD 36,574
13.0%
2
Ireland
CAD 36,159
14.0%
3
United Kingdom
CAD 35,546
15.4%
4
France
CAD 35,293
16.1%
5
Hungary
CAD 34,262
18.5%
6
Ukraine
CAD 33,841
19.5%
7
Norway
CAD 33,606
20.1%
8
Luxembourg
CAD 33,338
20.7%
9
Czech Republic
CAD 32,912
21.7%
10
Spain
CAD 32,735
22.1%
11
Austria
CAD 32,383
23.0%
12
Sweden
CAD 29,969
28.7%
13
Greece
CAD 29,703
29.3%
14
Germany
CAD 29,281
30.4%
15
Italy
CAD 28,868
31.3%
16
Poland
CAD 28,580
32.0%
17
Denmark
CAD 28,249
32.8%
18
Finland
CAD 27,404
34.8%
19
Netherlands
CAD 26,455
37.1%
20
Portugal
CAD 26,336
37.4%
21
Romania
CAD 24,593
41.5%
22
Belgium
CAD 23,410
44.3%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 34,419
18.1%
1
Canada
CAD 31,066
26.1%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 39,321
6.5%
1
Taiwan
CAD 37,484
10.8%
2
Thailand
CAD 36,669
12.8%
3
Australia
CAD 36,244
13.8%
4
South Korea
CAD 34,907
17.0%
5
New Zealand
CAD 34,638
17.6%
6
Kazakhstan
CAD 33,687
19.9%
7
Indonesia
CAD 33,315
20.8%
8
Pakistan
CAD 33,103
21.3%
9
Singapore
CAD 33,043
21.4%
10
Japan
CAD 32,601
22.5%
11
Malaysia
CAD 32,374
23.0%
12
Philippines
CAD 31,393
25.3%
13
Vietnam
CAD 30,204
28.2%
14
China
CAD 28,357
32.6%
15
India
CAD 27,104
35.5%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 38,008
9.6%
1
Puerto Rico
CAD 36,907
12.2%
2
Costa Rica
CAD 36,682
12.7%
3
Ecuador
CAD 35,561
15.4%
4
Panama
CAD 34,103
18.9%
5
Colombia
CAD 34,099
18.9%
6
Chile
CAD 33,618
20.0%
7
Mexico
CAD 32,205
23.4%
8
Peru
CAD 32,062
23.7%
9
Brazil
CAD 31,261
25.6%
10
Uruguay
CAD 30,366
27.8%
11
Argentina
CAD 27,316
35.0%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 32,661
22.3%
1
Angola
CAD 30,825
26.7%
2
Mozambique
CAD 30,406
27.7%
3
Kenya
CAD 30,133
28.3%
4
Ghana
CAD 29,198
30.5%
5
Ivory Coast
CAD 29,002
31.0%
6
Nigeria
CAD 28,768
31.6%
7
Morocco
CAD 28,623
31.9%
8
Uganda
CAD 27,735
34.0%
9
Cameroon
CAD 27,312
35.0%
10
Senegal
CAD 26,817
36.2%
11
Zambia
CAD 26,261
37.5%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 39,937
5.0%
1
Qatar
CAD 39,937
5.0%
2
Bahrain
CAD 38,676
8.0%
3
Oman
CAD 38,676
8.0%
4
Saudi Arabia
CAD 37,835
10.0%
5
Kuwait
CAD 37,415
11.0%
6
Israel
CAD 35,034
16.7%
7
Egypt
CAD 31,914
24.1%
8
Lebanon
CAD 31,793
24.4%
9
Turkey
CAD 24,751
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.