Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$66,952
Federal tax deduction
- $10,103
Provincial tax deduction
- $6,250
CPP deduction
- $3,500
EI deduction
- $953
Total tax
- $20,806
Net pay
* $46,146
Marginal tax rate
30.5%
Average tax rate
31.1%
68.9%
Net pay
31.1%
Total tax
Total tax
Net pay
The Taxberg
$46,146
Net pay
$4,834
Tax the employer pays
$20,806
Tax you pay
Total tax paid
$25,639
Did you know your employer also pays tax on your salary? It costs the employer $4,834 to pay you $66,952. In other words, every time you spend $10 of your hard-earned money, $3.83 goes to the government.
Real tax rate
35.7%
So, with you and the employer both paying tax, what used to be a 31.1% tax rate now rises to 35.7%, meaning your real tax rate is actually 4.6% higher than what it seemed at first.
Summary
If you make $66,952 a year living in the region of Alberta, Canada, you will be taxed $20,806. That means that your net pay will be $46,146 per year, or $3,846 per month. Your average tax rate is 31.1% 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 $30.50, hence, your net pay will only increase by $69.50.
Bonus Example
A $1,000 bonus will generate an extra $695 of net incomes. A $5,000 bonus will generate an extra $3,475 of net incomes.
Tax per region
Region
Net pay
Average tax
Rank
Nunavut
CAD 49,324
26.3%
1
British Columbia
CAD 48,603
27.4%
2
Northwest Territories
CAD 48,128
28.1%
3
Yukon
CAD 48,043
28.2%
4
Ontario
CAD 47,790
28.6%
5
Alberta
CAD 46,146
31.1%
6
Saskatchewan
CAD 45,430
32.1%
7
New Brunswick
CAD 45,325
32.3%
8
Newfoundland and Labrador
CAD 45,347
32.3%
9
Quebec
CAD 45,325
32.3%
10
Manitoba
CAD 45,012
32.8%
11
Prince Edward Island
CAD 44,786
33.1%
12
Nova Scotia
CAD 44,468
33.6%
13
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 52,852
21.1%
1
Canada
CAD 47,790
28.6%
2
Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 63,604
5.0%
1
Qatar
CAD 63,604
5.0%
2
Bahrain
CAD 61,596
8.0%
3
Oman
CAD 61,596
8.0%
4
Saudi Arabia
CAD 60,257
10.0%
5
Kuwait
CAD 59,587
11.0%
6
Israel
CAD 52,680
21.3%
7
Egypt
CAD 50,599
24.4%
8
Lebanon
CAD 50,478
24.6%
9
Turkey
CAD 39,260
41.4%
10
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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.