Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$64,241
Federal tax deduction
- $9,554
Provincial tax deduction
- $5,983
CPP deduction
- $3,457
EI deduction
- $952
Total tax
- $19,947
Net pay
* $44,294
Marginal tax rate
34.8%
Average tax rate
31.0%
69.0%
Net pay
31.0%
Total tax
Total tax
Net pay
The Taxberg
$44,294
Net pay
$4,790
Tax the employer pays
$19,947
Tax you pay
Total tax paid
$24,737
Did you know your employer also pays tax on your salary? It costs the employer $4,790 to pay you $64,241. 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 $64,241 a year living in the region of Alberta, Canada, you will be taxed $19,947. That means that your net pay will be $44,294 per year, or $3,691 per month. Your average tax rate is 31.1% 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 $34.76, hence, your net pay will only increase by $65.24.
Bonus Example
A $1,000 bonus will generate an extra $652 of net incomes. A $5,000 bonus will generate an extra $3,262 of net incomes.
Tax per region
Region
Net pay
Average tax
Rank
Nunavut
CAD 47,393
26.2%
1
British Columbia
CAD 46,691
27.3%
2
Northwest Territories
CAD 46,240
28.0%
3
Yukon
CAD 46,166
28.1%
4
Ontario
CAD 45,917
28.5%
5
Alberta
CAD 44,294
31.0%
6
Quebec
CAD 43,672
32.0%
7
New Brunswick
CAD 43,605
32.1%
8
Newfoundland and Labrador
CAD 43,617
32.1%
9
Saskatchewan
CAD 43,646
32.1%
10
Manitoba
CAD 43,234
32.7%
11
Prince Edward Island
CAD 43,098
32.9%
12
Nova Scotia
CAD 42,797
33.4%
13
Show more
North America
Country 
Net pay
Average tax
Rank
USA
CAD 50,846
20.9%
1
Canada
CAD 45,917
28.5%
2
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.