Income Tax Calculator Alberta

Find out how much your salary is after tax

Enter your gross income

Salary rate

Withholding

Salary $62,916

EI deduction - $951

CPP deduction - $3,383

Federal tax deduction - $9,294

Provincial tax deduction - $5,858

Total tax - $19,486

Net pay * $43,430

Marginal tax rate 34.8%

Average tax rate 31.0%

31%Total tax

69%

Net pay

The Taxberg

$43,430

Net pay

$4,714

Tax the employer pays

$19,486

Tax you pay

Total tax paid

$24,200

Did you know your employer also pays tax on your salary? It costs the employer $4,714 to pay you $62,916. In other words, every time you spend $10 of your hard-earned money, $3.85 goes to the government.

Real tax rate

35.8%

So, with you and the employer both paying tax, what used to be a 31% tax rate now rises to 35.8%, meaning your real tax rate is actually 4.8% higher than what it seemed at first.

Summary

If you make $62,916 a year living in the region of Alberta, Canada, you will be taxed $19,486. That means that your net pay will be $43,430 per year, or $3,619 per month. Your average tax rate is 31.0% and your marginal tax rate is 34.8%. 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 $34.8, hence, your net pay will only increase by $65.2.

Bonus Example

A $1,000 bonus will generate an extra $652 of net incomes. A $5,000 bonus will generate an extra $3,260 of net incomes.

Province

AlbertaBritish ColumbiaManitobaNew BrunswickNewfoundland and LabradorNorthwest TerritoriesNova ScotiaNunavutOntarioPrince Edward IslandQuebecSaskatchewanYukon

Tax per income

$62,500$63,000$63,500$64,000$64,500$65,000$65,500$66,000$66,500$67,000$67,500$68,000$68,500$69,000$69,500$70,000$70,500$71,000$71,500$72,000

Tax per region

Country	Net pay	Average tax	Rank
Nunavut	CAD 46,493	26.1%	1
British Columbia	CAD 45,800	27.2%	2
Northwest Territories	CAD 45,360	27.9%	3
Manitoba	CAD 42,406	32.6%	11
Prince Edward Island	CAD 42,292	32.8%	12
Nova Scotia	CAD 42,022	33.2%	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.