Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$47,060
Federal tax deduction
- $6,382
Provincial tax deduction
- $4,383
CPP deduction
- $2,483
EI deduction
- $744
Total tax
- $13,992
Net pay
* $33,068
Marginal tax rate
30.5%
Average tax rate
29.7%
70.3%
Net pay
29.7%
Total tax
Total tax
Net pay
The Taxberg
$33,068
Net pay
$3,524
Tax the employer pays
$13,992
Tax you pay
Total tax paid
$17,516
Did you know your employer also pays tax on your salary? It costs the employer $3,524 to pay you $47,060. 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 $47,060 a year living in the region of Alberta, Canada, you will be taxed $13,992. That means that your net pay will be $33,068 per year, or $2,756 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 41,470
11.9%
1
Russia
CAD 40,942
13.0%
2
Ireland
CAD 39,749
15.5%
3
United Kingdom
CAD 38,898
17.3%
4
France
CAD 38,806
17.5%
5
Hungary
CAD 38,354
18.5%
6
Ukraine
CAD 37,883
19.5%
7
Norway
CAD 36,920
21.6%
8
Czech Republic
CAD 36,628
22.2%
9
Luxembourg
CAD 36,514
22.4%
10
Spain
CAD 36,018
23.5%
11
Austria
CAD 35,053
25.5%
12
Sweden
CAD 33,344
29.2%
13
Greece
CAD 32,805
30.3%
14
Germany
CAD 32,055
31.9%
15
Poland
CAD 31,706
32.6%
16
Denmark
CAD 31,686
32.7%
17
Italy
CAD 31,073
34.0%
18
Finland
CAD 30,161
35.9%
19
Netherlands
CAD 29,615
37.1%
20
Portugal
CAD 28,947
38.5%
21
Romania
CAD 27,530
41.5%
22
Belgium
CAD 24,933
47.0%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 38,134
19.0%
1
Canada
CAD 34,662
26.3%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 43,675
7.2%
1
Taiwan
CAD 41,825
11.1%
2
Thailand
CAD 40,440
14.1%
3
Australia
CAD 39,533
16.0%
4
South Korea
CAD 38,793
17.6%
5
New Zealand
CAD 38,083
19.1%
6
Kazakhstan
CAD 37,754
19.8%
7
Indonesia
CAD 36,870
21.7%
8
Singapore
CAD 36,701
22.0%
9
Pakistan
CAD 36,492
22.5%
10
Japan
CAD 36,023
23.5%
11
Malaysia
CAD 35,630
24.3%
12
Philippines
CAD 34,751
26.2%
13
Vietnam
CAD 33,349
29.1%
14
China
CAD 31,470
33.1%
15
India
CAD 29,956
36.3%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 42,548
9.6%
1
Puerto Rico
CAD 40,841
13.2%
2
Costa Rica
CAD 40,648
13.6%
3
Ecuador
CAD 39,422
16.2%
4
Panama
CAD 37,901
19.5%
5
Colombia
CAD 37,613
20.1%
6
Chile
CAD 37,599
20.1%
7
Peru
CAD 35,710
24.1%
8
Mexico
CAD 35,580
24.4%
9
Brazil
CAD 34,901
25.8%
10
Uruguay
CAD 33,648
28.5%
11
Argentina
CAD 30,579
35.0%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 35,874
23.8%
1
Angola
CAD 34,478
26.7%
2
Mozambique
CAD 33,670
28.5%
3
Kenya
CAD 33,648
28.5%
4
Ghana
CAD 32,520
30.9%
5
Nigeria
CAD 32,183
31.6%
6
Ivory Coast
CAD 32,111
31.8%
7
Morocco
CAD 31,666
32.7%
8
Uganda
CAD 30,860
34.4%
9
Cameroon
CAD 30,369
35.5%
10
Senegal
CAD 29,829
36.6%
11
Zambia
CAD 29,349
37.6%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 44,707
5.0%
1
Qatar
CAD 44,707
5.0%
2
Bahrain
CAD 43,295
8.0%
3
Oman
CAD 43,295
8.0%
4
Saudi Arabia
CAD 42,354
10.0%
5
Kuwait
CAD 41,883
11.0%
6
Israel
CAD 38,672
17.8%
7
Egypt
CAD 35,680
24.2%
8
Lebanon
CAD 35,559
24.4%
9
Turkey
CAD 27,675
41.2%
10
Show more
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.