Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$47,216
Federal tax deduction
- $6,404
Provincial tax deduction
- $4,398
CPP deduction
- $2,492
EI deduction
- $746
Total tax
- $14,039
Net pay
* $33,177
Marginal tax rate
30.5%
Average tax rate
29.7%
70.3%
Net pay
29.7%
Total tax
Total tax
Net pay
The Taxberg
$33,177
Net pay
$3,536
Tax the employer pays
$14,039
Tax you pay
Total tax paid
$17,576
Did you know your employer also pays tax on your salary? It costs the employer $3,536 to pay you $47,216. 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 $47,216 a year living in the region of Alberta, Canada, you will be taxed $14,039. That means that your net pay will be $33,177 per year, or $2,765 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 35,787
24.2%
1
British Columbia
CAD 35,240
25.4%
2
Northwest Territories
CAD 34,925
26.0%
3
Yukon
CAD 34,842
26.2%
4
Ontario
CAD 34,768
26.4%
5
Quebec
CAD 33,881
28.2%
6
New Brunswick
CAD 33,314
29.4%
7
Newfoundland and Labrador
CAD 33,281
29.5%
8
Alberta
CAD 33,177
29.7%
9
Saskatchewan
CAD 32,928
30.3%
10
Prince Edward Island
CAD 32,655
30.8%
11
Nova Scotia
CAD 32,623
30.9%
12
Manitoba
CAD 32,575
31.0%
13
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Europe
Country 
Net pay
Average tax
Rank
Switzerland
CAD 41,599
11.9%
1
Russia
CAD 41,078
13.0%
2
Ireland
CAD 39,861
15.6%
3
United Kingdom
CAD 39,002
17.4%
4
France
CAD 38,904
17.6%
5
Hungary
CAD 38,481
18.5%
6
Ukraine
CAD 38,009
19.5%
7
Norway
CAD 37,023
21.6%
8
Czech Republic
CAD 36,743
22.2%
9
Luxembourg
CAD 36,608
22.5%
10
Spain
CAD 36,119
23.5%
11
Austria
CAD 35,138
25.6%
12
Sweden
CAD 33,449
29.2%
13
Greece
CAD 32,902
30.3%
14
Germany
CAD 32,140
31.9%
15
Poland
CAD 31,790
32.7%
16
Denmark
CAD 31,792
32.7%
17
Italy
CAD 31,143
34.0%
18
Finland
CAD 30,240
36.0%
19
Netherlands
CAD 29,713
37.1%
20
Portugal
CAD 29,028
38.5%
21
Romania
CAD 27,621
41.5%
22
Belgium
CAD 24,980
47.1%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 38,250
19.0%
1
Canada
CAD 34,768
26.4%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 43,810
7.2%
1
Taiwan
CAD 41,959
11.1%
2
Thailand
CAD 40,557
14.1%
3
Australia
CAD 39,635
16.1%
4
South Korea
CAD 38,913
17.6%
5
New Zealand
CAD 38,190
19.1%
6
Kazakhstan
CAD 37,880
19.8%
7
Indonesia
CAD 36,977
21.7%
8
Singapore
CAD 36,815
22.0%
9
Pakistan
CAD 36,598
22.5%
10
Japan
CAD 36,129
23.5%
11
Malaysia
CAD 35,732
24.3%
12
Philippines
CAD 34,855
26.2%
13
Vietnam
CAD 33,447
29.2%
14
China
CAD 31,566
33.1%
15
India
CAD 30,045
36.4%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 42,689
9.6%
1
Puerto Rico
CAD 40,963
13.2%
2
Costa Rica
CAD 40,768
13.7%
3
Ecuador
CAD 39,542
16.3%
4
Panama
CAD 38,019
19.5%
5
Chile
CAD 37,735
20.1%
6
Colombia
CAD 37,723
20.1%
7
Peru
CAD 35,824
24.1%
8
Mexico
CAD 35,685
24.4%
9
Brazil
CAD 35,014
25.8%
10
Uruguay
CAD 33,742
28.5%
11
Argentina
CAD 30,681
35.0%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 35,974
23.8%
1
Angola
CAD 34,591
26.7%
2
Mozambique
CAD 33,771
28.5%
3
Kenya
CAD 33,757
28.5%
4
Ghana
CAD 32,623
30.9%
5
Nigeria
CAD 32,289
31.6%
6
Ivory Coast
CAD 32,208
31.8%
7
Morocco
CAD 31,760
32.7%
8
Uganda
CAD 30,946
34.5%
9
Cameroon
CAD 30,464
35.5%
10
Senegal
CAD 29,923
36.6%
11
Zambia
CAD 29,445
37.6%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 44,855
5.0%
1
Qatar
CAD 44,855
5.0%
2
Bahrain
CAD 43,439
8.0%
3
Oman
CAD 43,439
8.0%
4
Saudi Arabia
CAD 42,494
10.0%
5
Kuwait
CAD 42,022
11.0%
6
Israel
CAD 38,785
17.9%
7
Egypt
CAD 35,797
24.2%
8
Lebanon
CAD 35,676
24.4%
9
Turkey
CAD 27,766
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.