Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$46,956
Federal tax deduction
- $6,368
Provincial tax deduction
- $4,374
CPP deduction
- $2,477
EI deduction
- $742
Total tax
- $13,960
Net pay
* $32,996
Marginal tax rate
30.5%
Average tax rate
29.7%
70.3%
Net pay
29.7%
Total tax
Total tax
Net pay
The Taxberg
$32,996
Net pay
$3,516
Tax the employer pays
$13,960
Tax you pay
Total tax paid
$17,476
Did you know your employer also pays tax on your salary? It costs the employer $3,516 to pay you $46,956. 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 $46,956 a year living in the region of Alberta, Canada, you will be taxed $13,960. That means that your net pay will be $32,996 per year, or $2,750 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 35,595
24.2%
1
British Columbia
CAD 35,054
25.3%
2
Northwest Territories
CAD 34,741
26.0%
3
Yukon
CAD 34,653
26.2%
4
Ontario
CAD 34,592
26.3%
5
Quebec
CAD 33,717
28.2%
6
New Brunswick
CAD 33,146
29.4%
7
Newfoundland and Labrador
CAD 33,112
29.5%
8
Alberta
CAD 32,996
29.7%
9
Saskatchewan
CAD 32,752
30.3%
10
Prince Edward Island
CAD 32,484
30.8%
11
Nova Scotia
CAD 32,456
30.9%
12
Manitoba
CAD 32,401
31.0%
13
Show more
North America
Country 
Net pay
Average tax
Rank
USA
CAD 38,057
19.0%
1
Canada
CAD 34,592
26.3%
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.