Income tax calculator Alberta

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$55,051
Federal tax deduction
- $7,760
Provincial tax deduction
- $5,124
CPP deduction
- $2,938
EI deduction
- $870
Total tax
- $16,693
Net pay
* $38,358
Marginal tax rate
36.0%
Average tax rate
30.3%
69.7%
Net pay
30.3%
Total tax
Total tax
Net pay
The Taxberg
$38,358
Net pay
$4,156
Tax the employer pays
$16,693
Tax you pay
Total tax paid
$20,849
Did you know your employer also pays tax on your salary? It costs the employer $4,156 to pay you $55,051. In other words, every time you spend $10 of your hard-earned money, $3.79 goes to the government.
Real tax rate
35.2%
So, with you and the employer both paying tax, what used to be a 30.3% tax rate now rises to 35.2%, meaning your real tax rate is actually 4.9% higher than what it seemed at first.
People also ask
$55,051 yearly is how much per hour?
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Summary
If you make $55,051 a year living in the region of Alberta, Canada, you will be taxed $16,693. That means that your net pay will be $38,358 per year, or $3,197 per month. Your average tax rate is 30.3% and your marginal tax rate is 36.0%. 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 $35.96, hence, your net pay will only increase by $64.04.
Bonus Example
A $1,000 bonus will generate an extra $640 of net incomes. A $5,000 bonus will generate an extra $3,202 of net incomes.
Region
Alberta
British Columbia
Manitoba
New Brunswick
Newfoundland and Labrador
Northwest Territories
Nova Scotia
Nunavut
Ontario
Prince Edward Island
Quebec
Saskatchewan
Yukon
Tax per income
$55,500
$56,000
$56,500
$57,000
$57,500
$58,000
$58,500
$59,000
$59,500
$60,000
$60,500
$61,000
$61,500
$62,000
$62,500
$63,000
$63,500
$64,000
$64,500
$65,000
Tax per region
Region
Net pay
Average tax
Rank
Nunavut
CAD 41,217
25.1%
1
British Columbia
CAD 40,573
26.3%
2
Northwest Territories
CAD 40,200
27.0%
3
Yukon
CAD 40,159
27.1%
4
Ontario
CAD 39,933
27.5%
5
Quebec
CAD 38,477
30.1%
6
Alberta
CAD 38,358
30.3%
7
New Brunswick
CAD 38,115
30.8%
8
Newfoundland and Labrador
CAD 38,103
30.8%
9
Saskatchewan
CAD 37,936
31.1%
10
Manitoba
CAD 37,546
31.8%
11
Prince Edward Island
CAD 37,538
31.8%
12
Nova Scotia
CAD 37,410
32.0%
13
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 44,047
20.0%
1
Canada
CAD 39,933
27.5%
2
Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 49,762
9.6%
1
Puerto Rico
CAD 47,102
14.4%
2
Costa Rica
CAD 46,769
15.1%
3
Ecuador
CAD 45,292
17.7%
4
Chile
CAD 44,799
18.6%
5
Panama
CAD 43,947
20.2%
6
Colombia
CAD 43,207
21.5%
7
Peru
CAD 41,514
24.6%
8
Mexico
CAD 40,952
25.6%
9
Brazil
CAD 40,694
26.1%
10
Uruguay
CAD 38,500
30.1%
11
Argentina
CAD 35,773
35.0%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 40,824
25.8%
1
Angola
CAD 40,291
26.8%
2
Kenya
CAD 39,241
28.7%
3
Mozambique
CAD 38,864
29.4%
4
Ghana
CAD 37,806
31.3%
5
Nigeria
CAD 37,619
31.7%
6
Ivory Coast
CAD 37,060
32.7%
7
Morocco
CAD 36,508
33.7%
8
Uganda
CAD 35,255
36.0%
9
Cameroon
CAD 35,235
36.0%
10
Senegal
CAD 34,624
37.1%
11
Zambia
CAD 34,263
37.8%
12
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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.