Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$43,368
Federal tax deduction
- $5,868
Provincial tax deduction
- $4,041
CPP deduction
- $2,272
EI deduction
- $685
Total tax
- $12,867
Net pay
* $30,501
Marginal tax rate
30.5%
Average tax rate
29.7%
70.3%
Net pay
29.7%
Total tax
Total tax
Net pay
The Taxberg
$30,501
Net pay
$3,232
Tax the employer pays
$12,867
Tax you pay
Total tax paid
$16,099
Did you know your employer also pays tax on your salary? It costs the employer $3,232 to pay you $43,368. 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 29.7% tax rate now rises to 34.5%, meaning your real tax rate is actually 4.8% higher than what it seemed at first.
Summary
If you make $43,368 a year living in the region of Alberta, Canada, you will be taxed $12,867. That means that your net pay will be $30,501 per year, or $2,542 per month. Your average tax rate is 29.7% 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.
Tax per region
Region
Net pay
Average tax
Rank
Nunavut
CAD 32,925
24.1%
1
British Columbia
CAD 32,463
25.1%
2
Northwest Territories
CAD 32,158
25.8%
3
Ontario
CAD 32,051
26.1%
4
Yukon
CAD 32,038
26.1%
5
Quebec
CAD 31,411
27.6%
6
Newfoundland and Labrador
CAD 30,782
29.0%
7
New Brunswick
CAD 30,739
29.1%
8
Alberta
CAD 30,501
29.7%
9
Saskatchewan
CAD 30,299
30.1%
10
Nova Scotia
CAD 30,141
30.5%
11
Prince Edward Island
CAD 30,126
30.5%
12
Manitoba
CAD 30,003
30.8%
13
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Europe
Country 
Net pay
Average tax
Rank
Switzerland
CAD 38,419
11.4%
1
Russia
CAD 37,730
13.0%
2
Ireland
CAD 37,110
14.4%
3
United Kingdom
CAD 36,433
16.0%
4
France
CAD 36,314
16.3%
5
Hungary
CAD 35,345
18.5%
6
Ukraine
CAD 34,911
19.5%
7
Norway
CAD 34,483
20.5%
8
Luxembourg
CAD 34,216
21.1%
9
Czech Republic
CAD 33,896
21.8%
10
Spain
CAD 33,606
22.5%
11
Austria
CAD 33,075
23.7%
12
Sweden
CAD 30,859
28.8%
13
Greece
CAD 30,525
29.6%
14
Germany
CAD 30,026
30.8%
15
Italy
CAD 29,432
32.1%
16
Poland
CAD 29,429
32.1%
17
Denmark
CAD 29,159
32.8%
18
Finland
CAD 28,190
35.0%
19
Netherlands
CAD 27,291
37.1%
20
Portugal
CAD 27,027
37.7%
21
Romania
CAD 25,370
41.5%
22
Belgium
CAD 23,812
45.1%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 35,402
18.4%
1
Canada
CAD 32,051
26.1%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 40,480
6.7%
1
Taiwan
CAD 38,633
10.9%
2
Thailand
CAD 37,671
13.1%
3
Australia
CAD 37,114
14.4%
4
South Korea
CAD 35,938
17.1%
5
New Zealand
CAD 35,550
18.0%
6
Kazakhstan
CAD 34,763
19.8%
7
Indonesia
CAD 34,282
21.0%
8
Singapore
CAD 34,012
21.6%
9
Pakistan
CAD 34,000
21.6%
10
Japan
CAD 33,507
22.7%
11
Malaysia
CAD 33,231
23.4%
12
Philippines
CAD 32,290
25.5%
13
Vietnam
CAD 31,036
28.4%
14
China
CAD 29,181
32.7%
15
India
CAD 27,859
35.8%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 39,210
9.6%
1
Puerto Rico
CAD 37,948
12.5%
2
Costa Rica
CAD 37,752
13.0%
3
Ecuador
CAD 36,583
15.6%
4
Panama
CAD 35,108
19.1%
5
Colombia
CAD 35,030
19.2%
6
Chile
CAD 34,625
20.2%
7
Mexico
CAD 33,098
23.7%
8
Peru
CAD 33,029
23.8%
9
Brazil
CAD 32,224
25.7%
10
Uruguay
CAD 31,329
27.8%
11
Argentina
CAD 28,180
35.0%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 33,511
22.7%
1
Angola
CAD 31,792
26.7%
2
Mozambique
CAD 31,270
27.9%
3
Kenya
CAD 31,063
28.4%
4
Ghana
CAD 30,077
30.7%
5
Ivory Coast
CAD 29,825
31.2%
6
Nigeria
CAD 29,672
31.6%
7
Morocco
CAD 29,428
32.1%
8
Uganda
CAD 28,599
34.1%
9
Cameroon
CAD 28,121
35.2%
10
Senegal
CAD 27,614
36.3%
11
Zambia
CAD 27,078
37.6%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 41,200
5.0%
1
Qatar
CAD 41,200
5.0%
2
Bahrain
CAD 39,899
8.0%
3
Oman
CAD 39,899
8.0%
4
Saudi Arabia
CAD 39,031
10.0%
5
Kuwait
CAD 38,598
11.0%
6
Israel
CAD 36,007
17.0%
7
Egypt
CAD 32,911
24.1%
8
Lebanon
CAD 32,790
24.4%
9
Turkey
CAD 25,525
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.