Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$46,871
Federal tax deduction
- $6,356
Provincial tax deduction
- $4,366
CPP deduction
- $2,472
EI deduction
- $741
Total tax
- $13,934
Net pay
* $32,937
Marginal tax rate
30.5%
Average tax rate
29.7%
70.3%
Net pay
29.7%
Total tax
Total tax
Net pay
The Taxberg
$32,937
Net pay
$3,509
Tax the employer pays
$13,934
Tax you pay
Total tax paid
$17,443
Did you know your employer also pays tax on your salary? It costs the employer $3,509 to pay you $46,871. In other words, every time you spend $10 of your hard-earned money, $3.72 goes to the government.
Real tax rate
34.6%
So, with you and the employer both paying tax, what used to be a 29.7% tax rate now rises to 34.6%, meaning your real tax rate is actually 4.9% higher than what it seemed at first.
Summary
If you make $46,871 a year living in the region of Alberta, Canada, you will be taxed $13,934. That means that your net pay will be $32,937 per year, or $2,745 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.
North America
Country 
Net pay
Average tax
Rank
USA
CAD 37,994
18.9%
1
Canada
CAD 34,534
26.3%
2
Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 42,377
9.6%
1
Puerto Rico
CAD 40,693
13.2%
2
Costa Rica
CAD 40,502
13.6%
3
Ecuador
CAD 39,277
16.2%
4
Panama
CAD 37,758
19.4%
5
Colombia
CAD 37,481
20.0%
6
Chile
CAD 37,434
20.1%
7
Peru
CAD 35,573
24.1%
8
Mexico
CAD 35,453
24.4%
9
Brazil
CAD 34,764
25.8%
10
Uruguay
CAD 33,533
28.5%
11
Argentina
CAD 30,456
35.0%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 44,527
5.0%
1
Qatar
CAD 44,527
5.0%
2
Bahrain
CAD 43,121
8.0%
3
Oman
CAD 43,121
8.0%
4
Saudi Arabia
CAD 42,184
10.0%
5
Kuwait
CAD 41,715
11.0%
6
Israel
CAD 38,536
17.8%
7
Egypt
CAD 35,538
24.2%
8
Lebanon
CAD 35,417
24.4%
9
Turkey
CAD 27,565
41.2%
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.