Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$47,000
Federal tax deduction
- $6,374
Provincial tax deduction
- $4,378
CPP deduction
- $2,480
EI deduction
- $743
Total tax
- $13,974
Net pay
* $33,026
Marginal tax rate
30.5%
Average tax rate
29.7%
70.3%
Net pay
29.7%
Total tax
Total tax
Net pay
The Taxberg
$33,026
Net pay
$3,519
Tax the employer pays
$13,974
Tax you pay
Total tax paid
$17,493
Did you know your employer also pays tax on your salary? It costs the employer $3,519 to pay you $47,000. 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 $47,000 a year living in the region of Alberta, Canada, you will be taxed $13,974. That means that your net pay will be $33,026 per year, or $2,752 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.
Compare average tax
Europe
Country 
Net pay
Average tax
Rank
Switzerland
CAD 41,421
11.9%
1
Russia
CAD 40,890
13.0%
2
Ireland
CAD 39,707
15.5%
3
United Kingdom
CAD 38,858
17.3%
4
France
CAD 38,768
17.5%
5
Hungary
CAD 38,305
18.5%
6
Ukraine
CAD 37,835
19.5%
7
Norway
CAD 36,881
21.5%
8
Czech Republic
CAD 36,583
22.2%
9
Luxembourg
CAD 36,477
22.4%
10
Spain
CAD 35,978
23.5%
11
Austria
CAD 35,021
25.5%
12
Sweden
CAD 33,304
29.1%
13
Greece
CAD 32,768
30.3%
14
Germany
CAD 32,022
31.9%
15
Poland
CAD 31,674
32.6%
16
Denmark
CAD 31,645
32.7%
17
Italy
CAD 31,045
34.0%
18
Finland
CAD 30,130
35.9%
19
Netherlands
CAD 29,577
37.1%
20
Portugal
CAD 28,916
38.5%
21
Romania
CAD 27,495
41.5%
22
Belgium
CAD 24,914
47.0%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 38,090
19.0%
1
Canada
CAD 34,621
26.3%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 43,623
7.2%
1
Taiwan
CAD 41,773
11.1%
2
Thailand
CAD 40,395
14.1%
3
Australia
CAD 39,493
16.0%
4
South Korea
CAD 38,746
17.6%
5
New Zealand
CAD 38,042
19.1%
6
Kazakhstan
CAD 37,705
19.8%
7
Indonesia
CAD 36,828
21.6%
8
Singapore
CAD 36,657
22.0%
9
Pakistan
CAD 36,452
22.4%
10
Japan
CAD 35,982
23.4%
11
Malaysia
CAD 35,591
24.3%
12
Philippines
CAD 34,711
26.2%
13
Vietnam
CAD 33,312
29.1%
14
China
CAD 31,432
33.1%
15
India
CAD 29,922
36.3%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 42,493
9.6%
1
Puerto Rico
CAD 40,794
13.2%
2
Costa Rica
CAD 40,602
13.6%
3
Ecuador
CAD 39,376
16.2%
4
Panama
CAD 37,856
19.5%
5
Colombia
CAD 37,571
20.1%
6
Chile
CAD 37,547
20.1%
7
Peru
CAD 35,667
24.1%
8
Mexico
CAD 35,540
24.4%
9
Brazil
CAD 34,857
25.8%
10
Uruguay
CAD 33,611
28.5%
11
Argentina
CAD 30,540
35.0%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 35,836
23.8%
1
Angola
CAD 34,434
26.7%
2
Mozambique
CAD 33,631
28.5%
3
Kenya
CAD 33,606
28.5%
4
Ghana
CAD 32,480
30.9%
5
Nigeria
CAD 32,143
31.6%
6
Ivory Coast
CAD 32,074
31.8%
7
Morocco
CAD 31,629
32.7%
8
Uganda
CAD 30,827
34.4%
9
Cameroon
CAD 30,333
35.5%
10
Senegal
CAD 29,793
36.6%
11
Zambia
CAD 29,312
37.6%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 44,650
5.0%
1
Qatar
CAD 44,650
5.0%
2
Bahrain
CAD 43,240
8.0%
3
Oman
CAD 43,240
8.0%
4
Saudi Arabia
CAD 42,300
10.0%
5
Kuwait
CAD 41,830
11.0%
6
Israel
CAD 38,629
17.8%
7
Egypt
CAD 35,635
24.2%
8
Lebanon
CAD 35,514
24.4%
9
Turkey
CAD 27,640
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.