Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$67,344
Federal tax deduction
- $10,184
Provincial tax deduction
- $6,289
CPP deduction
- $3,500
EI deduction
- $953
Total tax
- $20,925
Net pay
* $46,419
Marginal tax rate
30.5%
Average tax rate
31.1%
68.9%
Net pay
31.1%
Total tax
Total tax
Net pay
The Taxberg
$46,419
Net pay
$4,834
Tax the employer pays
$20,925
Tax you pay
Total tax paid
$25,759
Did you know your employer also pays tax on your salary? It costs the employer $4,834 to pay you $67,344. In other words, every time you spend $10 of your hard-earned money, $3.82 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 $67,344 a year living in the region of Alberta, Canada, you will be taxed $20,925. That means that your net pay will be $46,419 per year, or $3,868 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.
Compare average tax
Tax per region
Region
Net pay
Average tax
Rank
Nunavut
CAD 49,608
26.3%
1
British Columbia
CAD 48,885
27.4%
2
Northwest Territories
CAD 48,406
28.1%
3
Yukon
CAD 48,319
28.3%
4
Ontario
CAD 48,066
28.6%
5
Alberta
CAD 46,419
31.1%
6
Saskatchewan
CAD 45,692
32.2%
7
New Brunswick
CAD 45,579
32.3%
8
Newfoundland and Labrador
CAD 45,601
32.3%
9
Quebec
CAD 45,570
32.3%
10
Manitoba
CAD 45,273
32.8%
11
Prince Edward Island
CAD 45,032
33.1%
12
Nova Scotia
CAD 44,714
33.6%
13
Show more
Europe
Country 
Net pay
Average tax
Rank
Russia
CAD 58,589
13.0%
1
Switzerland
CAD 57,128
15.2%
2
Hungary
CAD 54,885
18.5%
3
Ukraine
CAD 54,212
19.5%
4
United Kingdom
CAD 52,437
22.1%
5
Ireland
CAD 51,702
23.2%
6
France
CAD 51,645
23.3%
7
Czech Republic
CAD 51,638
23.3%
8
Norway
CAD 50,308
25.3%
9
Spain
CAD 48,697
27.7%
10
Luxembourg
CAD 47,487
29.5%
11
Sweden
CAD 46,986
30.2%
12
Austria
CAD 46,609
30.8%
13
Denmark
CAD 45,366
32.6%
14
Greece
CAD 44,256
34.3%
15
Germany
CAD 42,730
36.6%
16
Poland
CAD 42,605
36.7%
17
Netherlands
CAD 42,380
37.1%
18
Finland
CAD 40,457
39.9%
19
Italy
CAD 39,903
40.8%
20
Romania
CAD 39,396
41.5%
21
Portugal
CAD 38,494
42.8%
22
Belgium
CAD 32,753
51.4%
23
Show more
North America
Country 
Net pay
Average tax
Rank
USA
CAD 53,142
21.1%
1
Canada
CAD 48,066
28.6%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 60,485
10.2%
1
Taiwan
CAD 58,305
13.4%
2
Thailand
CAD 55,653
17.4%
3
South Korea
CAD 54,245
19.5%
4
Kazakhstan
CAD 54,184
19.5%
5
Australia
CAD 52,819
21.6%
6
New Zealand
CAD 51,722
23.2%
7
Singapore
CAD 51,512
23.5%
8
Indonesia
CAD 50,668
24.8%
9
Pakistan
CAD 50,006
25.8%
10
Japan
CAD 49,846
26.0%
11
Malaysia
CAD 48,813
27.5%
12
Philippines
CAD 48,018
28.7%
13
Vietnam
CAD 46,061
31.6%
14
China
CAD 44,245
34.3%
15
India
CAD 41,477
38.4%
16
Show more
Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 60,687
9.9%
1
Puerto Rico
CAD 56,236
16.5%
2
Costa Rica
CAD 56,120
16.7%
3
Chile
CAD 55,559
17.5%
4
Ecuador
CAD 53,580
20.4%
5
Panama
CAD 53,246
20.9%
6
Colombia
CAD 51,573
23.4%
7
Peru
CAD 50,422
25.1%
8
Brazil
CAD 49,607
26.3%
9
Mexico
CAD 49,196
27.0%
10
Uruguay
CAD 45,965
31.8%
11
Argentina
CAD 43,764
35.0%
12
Show more
Africa
Country 
Net pay
Average tax
Rank
Angola
CAD 49,234
26.9%
1
South Africa
CAD 48,239
28.4%
2
Kenya
CAD 47,847
29.0%
3
Mozambique
CAD 46,854
30.4%
4
Nigeria
CAD 45,981
31.7%
5
Ghana
CAD 45,937
31.8%
6
Ivory Coast
CAD 44,674
33.7%
7
Morocco
CAD 43,957
34.7%
8
Cameroon
CAD 42,719
36.6%
9
Uganda
CAD 42,016
37.6%
10
Senegal
CAD 42,000
37.6%
11
Zambia
CAD 41,823
37.9%
12
Show more
Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 63,977
5.0%
1
Qatar
CAD 63,977
5.0%
2
Bahrain
CAD 61,956
8.0%
3
Oman
CAD 61,956
8.0%
4
Saudi Arabia
CAD 60,610
10.0%
5
Kuwait
CAD 59,936
11.0%
6
Israel
CAD 52,956
21.4%
7
Egypt
CAD 50,893
24.4%
8
Lebanon
CAD 50,772
24.6%
9
Turkey
CAD 39,489
41.4%
10
Show more
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.