Income Tax Calculator Alberta
Find out how much your salary is after tax
Salary rate
Withholding
Salary $5,500
EI deduction - $87
CPP deduction - $114
Federal tax deduction - $602
Provincial tax deduction - $530
Total tax - $1,333
Net pay * $4,167
Marginal tax rate 30.5%
Average tax rate 24.2%
24.2%Total tax
75.8%
Net payThe Taxberg
$4,167
Net pay
$236
Tax the employer pays
$1,333
Tax you pay

Total tax paid
$1,569
Did you know your employer also pays tax on your salary? It costs the employer $236 to pay you $5,500. In other words, every time you spend $10 of your hard-earned money, $2.85 goes to the government.
Real tax rate
27.4%
So, with you and the employer both paying tax, what used to be a 24.2% tax rate now rises to 27.4%, meaning your real tax rate is actually 3.2% higher than what it seemed at first.
People also ask$5,500 yearly is how much per hour?$3 hourly is how much per year?What is the average salary in Canada?
Summary
If you make $5,500 a year living in the region of Alberta, Canada, you will be taxed $1,333. That means that your net pay will be $4,167 per year, or $347 per month. Your average tax rate is 24.2% 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 $30.5, hence, your net pay will only increase by $69.5.
Bonus ExampleA $1,000 bonus will generate an extra $695 of net incomes. A $5,000 bonus will generate an extra $3,475 of net incomes.
| Country | Net pay | Average tax | Rank |
|---|---|---|---|
| Quebec | CAD 4,783 | 13.0% | 1 |
| British Columbia | CAD 4,697 | 14.6% | 2 |
| Ontario | CAD 4,663 | 15.2% | 3 |
| Alberta | CAD 4,167 | 24.2% | 11 |
| Saskatchewan | CAD 4,141 | 24.7% | 12 |
| Manitoba | CAD 4,125 | 25.0% | 13 |
NOTE* Withholding is calculated based on the Alberta tables of CA, 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.