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
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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.
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
$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
Show more
North America
Country 
Net pay
Average tax
Rank
USA
CAD 34,419
18.1%
1
Canada
CAD 31,066
26.1%
2
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.