Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$48,058
Federal tax deduction
- $6,521
Provincial tax deduction
- $4,476
CPP deduction
- $2,540
EI deduction
- $759
Total tax
- $14,296
Net pay
* $33,762
Marginal tax rate
30.5%
Average tax rate
29.7%
70.3%
Net pay
29.7%
Total tax
Total tax
Net pay
The Taxberg
$33,762
Net pay
$3,603
Tax the employer pays
$14,296
Tax you pay
Total tax paid
$17,899
Did you know your employer also pays tax on your salary? It costs the employer $3,603 to pay you $48,058. 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 $48,058 a year living in the region of Alberta, Canada, you will be taxed $14,296. That means that your net pay will be $33,762 per year, or $2,814 per month. Your average tax rate is 29.8% 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
Tax per region
Region
Net pay
Average tax
Rank
Nunavut
CAD 36,409
24.2%
1
British Columbia
CAD 35,842
25.4%
2
Northwest Territories
CAD 35,522
26.1%
3
Yukon
CAD 35,456
26.2%
4
Ontario
CAD 35,341
26.5%
5
Quebec
CAD 34,413
28.4%
6
New Brunswick
CAD 33,859
29.5%
7
Newfoundland and Labrador
CAD 33,828
29.6%
8
Alberta
CAD 33,762
29.7%
9
Saskatchewan
CAD 33,499
30.3%
10
Prince Edward Island
CAD 33,208
30.9%
11
Manitoba
CAD 33,138
31.0%
12
Nova Scotia
CAD 33,166
31.0%
13
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Europe
Country 
Net pay
Average tax
Rank
Switzerland
CAD 42,264
12.1%
1
Russia
CAD 41,810
13.0%
2
Ireland
CAD 40,463
15.8%
3
United Kingdom
CAD 39,564
17.7%
4
France
CAD 39,437
17.9%
5
Hungary
CAD 39,167
18.5%
6
Ukraine
CAD 38,687
19.5%
7
Norway
CAD 37,579
21.8%
8
Czech Republic
CAD 37,366
22.3%
9
Luxembourg
CAD 37,118
22.8%
10
Spain
CAD 36,668
23.7%
11
Austria
CAD 35,594
25.9%
12
Sweden
CAD 34,016
29.2%
13
Greece
CAD 33,421
30.5%
14
Germany
CAD 32,598
32.2%
15
Denmark
CAD 32,365
32.7%
16
Poland
CAD 32,239
32.9%
17
Italy
CAD 31,525
34.4%
18
Finland
CAD 30,668
36.2%
19
Netherlands
CAD 30,243
37.1%
20
Portugal
CAD 29,466
38.7%
21
Romania
CAD 28,114
41.5%
22
Belgium
CAD 25,236
47.5%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 38,873
19.1%
1
Canada
CAD 35,341
26.5%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 44,535
7.3%
1
Taiwan
CAD 42,687
11.2%
2
Thailand
CAD 41,189
14.3%
3
Australia
CAD 40,186
16.4%
4
South Korea
CAD 39,557
17.7%
5
New Zealand
CAD 38,767
19.3%
6
Kazakhstan
CAD 38,562
19.8%
7
Indonesia
CAD 37,558
21.9%
8
Singapore
CAD 37,430
22.1%
9
Pakistan
CAD 37,166
22.7%
10
Japan
CAD 36,703
23.6%
11
Malaysia
CAD 36,281
24.5%
12
Philippines
CAD 35,415
26.3%
13
Vietnam
CAD 33,975
29.3%
14
China
CAD 32,088
33.2%
15
India
CAD 30,523
36.5%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 43,450
9.6%
1
Puerto Rico
CAD 41,623
13.4%
2
Costa Rica
CAD 41,417
13.8%
3
Ecuador
CAD 40,190
16.4%
4
Panama
CAD 38,656
19.6%
5
Chile
CAD 38,471
20.0%
6
Colombia
CAD 38,312
20.3%
7
Peru
CAD 36,435
24.2%
8
Mexico
CAD 36,251
24.6%
9
Brazil
CAD 35,624
25.9%
10
Uruguay
CAD 34,254
28.7%
11
Argentina
CAD 31,228
35.0%
12
Show more
Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 36,513
24.0%
1
Angola
CAD 35,204
26.8%
2
Kenya
CAD 34,346
28.5%
3
Mozambique
CAD 34,318
28.6%
4
Ghana
CAD 33,180
31.0%
5
Nigeria
CAD 32,862
31.6%
6
Ivory Coast
CAD 32,729
31.9%
7
Morocco
CAD 32,270
32.9%
8
Uganda
CAD 31,409
34.6%
9
Cameroon
CAD 30,977
35.5%
10
Senegal
CAD 30,428
36.7%
11
Zambia
CAD 29,962
37.7%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 45,655
5.0%
1
Qatar
CAD 45,655
5.0%
2
Bahrain
CAD 44,213
8.0%
3
Oman
CAD 44,213
8.0%
4
Saudi Arabia
CAD 43,252
10.0%
5
Kuwait
CAD 42,772
11.0%
6
Israel
CAD 39,378
18.1%
7
Egypt
CAD 36,428
24.2%
8
Lebanon
CAD 36,307
24.5%
9
Turkey
CAD 28,256
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.