Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$67,964
Federal tax deduction
- $10,311
Provincial tax deduction
- $6,351
CPP deduction
- $3,500
EI deduction
- $953
Total tax
- $21,114
Net pay
* $46,850
Marginal tax rate
30.5%
Average tax rate
31.1%
68.9%
Net pay
31.1%
Total tax
Total tax
Net pay
The Taxberg
$46,850
Net pay
$4,834
Tax the employer pays
$21,114
Tax you pay
Total tax paid
$25,948
Did you know your employer also pays tax on your salary? It costs the employer $4,834 to pay you $67,964. In other words, every time you spend $10 of your hard-earned money, $3.82 goes to the government.
Real tax rate
35.6%
So, with you and the employer both paying tax, what used to be a 31.1% tax rate now rises to 35.6%, meaning your real tax rate is actually 4.5% higher than what it seemed at first.
Summary
If you make $67,964 a year living in the region of Alberta, Canada, you will be taxed $21,114. That means that your net pay will be $46,850 per year, or $3,904 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 50,057
26.3%
1
British Columbia
CAD 49,330
27.4%
2
Northwest Territories
CAD 48,846
28.1%
3
Yukon
CAD 48,756
28.3%
4
Ontario
CAD 48,502
28.6%
5
Alberta
CAD 46,850
31.1%
6
Saskatchewan
CAD 46,108
32.2%
7
New Brunswick
CAD 45,980
32.3%
8
Newfoundland and Labrador
CAD 46,004
32.3%
9
Quebec
CAD 45,957
32.4%
10
Manitoba
CAD 45,687
32.8%
11
Prince Edward Island
CAD 45,421
33.2%
12
Nova Scotia
CAD 45,104
33.6%
13
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Europe
Country 
Net pay
Average tax
Rank
Russia
CAD 59,129
13.0%
1
Switzerland
CAD 57,597
15.3%
2
Hungary
CAD 55,391
18.5%
3
Ukraine
CAD 54,711
19.5%
4
United Kingdom
CAD 52,851
22.2%
5
Czech Republic
CAD 52,097
23.4%
6
France
CAD 52,038
23.4%
7
Ireland
CAD 52,021
23.5%
8
Norway
CAD 50,717
25.4%
9
Spain
CAD 49,067
27.8%
10
Luxembourg
CAD 47,773
29.7%
11
Sweden
CAD 47,296
30.4%
12
Austria
CAD 46,931
31.0%
13
Denmark
CAD 45,783
32.6%
14
Greece
CAD 44,567
34.4%
15
Germany
CAD 43,039
36.7%
16
Poland
CAD 42,962
36.8%
17
Netherlands
CAD 42,770
37.1%
18
Finland
CAD 40,758
40.0%
19
Italy
CAD 40,193
40.9%
20
Romania
CAD 39,759
41.5%
21
Portugal
CAD 38,767
43.0%
22
Belgium
CAD 32,999
51.5%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 53,601
21.1%
1
Canada
CAD 48,502
28.6%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 60,994
10.3%
1
Taiwan
CAD 58,792
13.5%
2
Thailand
CAD 56,118
17.4%
3
South Korea
CAD 54,687
19.5%
4
Kazakhstan
CAD 54,686
19.5%
5
Australia
CAD 53,225
21.7%
6
New Zealand
CAD 52,129
23.3%
7
Singapore
CAD 51,965
23.5%
8
Indonesia
CAD 51,089
24.8%
9
Pakistan
CAD 50,409
25.8%
10
Japan
CAD 50,273
26.0%
11
Malaysia
CAD 49,213
27.6%
12
Philippines
CAD 48,423
28.8%
13
Vietnam
CAD 46,464
31.6%
14
China
CAD 44,672
34.3%
15
India
CAD 41,830
38.5%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 61,236
9.9%
1
Puerto Rico
CAD 56,654
16.6%
2
Costa Rica
CAD 56,592
16.7%
3
Chile
CAD 56,092
17.5%
4
Ecuador
CAD 53,945
20.6%
5
Panama
CAD 53,715
21.0%
6
Colombia
CAD 51,985
23.5%
7
Peru
CAD 50,865
25.2%
8
Brazil
CAD 50,056
26.4%
9
Mexico
CAD 49,604
27.0%
10
Uruguay
CAD 46,341
31.8%
11
Argentina
CAD 44,167
35.0%
12
Show more
Africa
Country 
Net pay
Average tax
Rank
Angola
CAD 49,685
26.9%
1
South Africa
CAD 48,605
28.5%
2
Kenya
CAD 48,281
29.0%
3
Mozambique
CAD 47,257
30.5%
4
Nigeria
CAD 46,402
31.7%
5
Ghana
CAD 46,348
31.8%
6
Ivory Coast
CAD 45,058
33.7%
7
Morocco
CAD 44,333
34.8%
8
Cameroon
CAD 43,097
36.6%
9
Senegal
CAD 42,372
37.7%
10
Uganda
CAD 42,357
37.7%
11
Zambia
CAD 42,205
37.9%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 64,566
5.0%
1
Qatar
CAD 64,566
5.0%
2
Bahrain
CAD 62,527
8.0%
3
Oman
CAD 62,527
8.0%
4
Saudi Arabia
CAD 61,168
10.0%
5
Kuwait
CAD 60,488
11.0%
6
Israel
CAD 53,392
21.4%
7
Egypt
CAD 51,358
24.4%
8
Lebanon
CAD 51,237
24.6%
9
Turkey
CAD 39,850
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.