Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$69,940
Federal tax deduction
- $10,716
Provincial tax deduction
- $6,549
CPP deduction
- $3,500
EI deduction
- $953
Total tax
- $21,717
Net pay
* $48,223
Marginal tax rate
30.5%
Average tax rate
31.1%
68.9%
Net pay
31.1%
Total tax
Total tax
Net pay
The Taxberg
$48,223
Net pay
$4,834
Tax the employer pays
$21,717
Tax you pay
Total tax paid
$26,551
Did you know your employer also pays tax on your salary? It costs the employer $4,834 to pay you $69,940. In other words, every time you spend $10 of your hard-earned money, $3.80 goes to the government.
Real tax rate
35.5%
So, with you and the employer both paying tax, what used to be a 31.1% tax rate now rises to 35.5%, meaning your real tax rate is actually 4.4% higher than what it seemed at first.
Summary
If you make $69,940 a year living in the region of Alberta, Canada, you will be taxed $21,717. That means that your net pay will be $48,223 per year, or $4,019 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 51,490
26.4%
1
British Columbia
CAD 50,749
27.4%
2
Northwest Territories
CAD 50,247
28.2%
3
Yukon
CAD 50,149
28.3%
4
Ontario
CAD 49,892
28.7%
5
Alberta
CAD 48,223
31.1%
6
Saskatchewan
CAD 47,432
32.2%
7
New Brunswick
CAD 47,258
32.4%
8
Newfoundland and Labrador
CAD 47,289
32.4%
9
Quebec
CAD 47,191
32.5%
10
Manitoba
CAD 47,006
32.8%
11
Prince Edward Island
CAD 46,662
33.3%
12
Nova Scotia
CAD 46,345
33.7%
13
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Europe
Country 
Net pay
Average tax
Rank
Russia
CAD 60,848
13.0%
1
Switzerland
CAD 59,093
15.5%
2
Hungary
CAD 57,001
18.5%
3
Ukraine
CAD 56,302
19.5%
4
United Kingdom
CAD 54,170
22.6%
5
Czech Republic
CAD 53,559
23.4%
6
France
CAD 53,289
23.8%
7
Ireland
CAD 53,039
24.2%
8
Norway
CAD 52,021
25.6%
9
Spain
CAD 50,248
28.2%
10
Luxembourg
CAD 48,682
30.4%
11
Sweden
CAD 48,284
31.0%
12
Austria
CAD 47,955
31.4%
13
Denmark
CAD 47,112
32.6%
14
Greece
CAD 45,561
34.9%
15
Poland
CAD 44,100
37.0%
16
Germany
CAD 44,022
37.1%
17
Netherlands
CAD 44,014
37.1%
18
Finland
CAD 41,720
40.4%
19
Italy
CAD 41,117
41.2%
20
Romania
CAD 40,915
41.5%
21
Portugal
CAD 39,637
43.3%
22
Belgium
CAD 33,783
51.7%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 55,062
21.3%
1
Canada
CAD 49,892
28.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 62,627
10.5%
1
Taiwan
CAD 60,342
13.7%
2
Thailand
CAD 57,600
17.6%
3
Kazakhstan
CAD 56,287
19.5%
4
South Korea
CAD 56,098
19.8%
5
Australia
CAD 54,519
22.1%
6
New Zealand
CAD 53,426
23.6%
7
Singapore
CAD 53,409
23.6%
8
Indonesia
CAD 52,430
25.0%
9
Pakistan
CAD 51,693
26.1%
10
Japan
CAD 51,633
26.2%
11
Malaysia
CAD 50,491
27.8%
12
Philippines
CAD 49,714
28.9%
13
Vietnam
CAD 47,749
31.7%
14
China
CAD 46,300
33.8%
15
India
CAD 42,952
38.6%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 62,985
9.9%
1
Costa Rica
CAD 58,095
16.9%
2
Puerto Rico
CAD 57,985
17.1%
3
Chile
CAD 57,792
17.4%
4
Panama
CAD 55,210
21.1%
5
Ecuador
CAD 55,119
21.2%
6
Colombia
CAD 53,244
23.9%
7
Peru
CAD 52,279
25.3%
8
Brazil
CAD 51,489
26.4%
9
Mexico
CAD 50,893
27.2%
10
Uruguay
CAD 47,541
32.0%
11
Argentina
CAD 45,451
35.0%
12
Show more
Africa
Country 
Net pay
Average tax
Rank
Angola
CAD 51,123
26.9%
1
South Africa
CAD 49,771
28.8%
2
Kenya
CAD 49,664
29.0%
3
Mozambique
CAD 48,542
30.6%
4
Nigeria
CAD 47,746
31.7%
5
Ghana
CAD 47,655
31.9%
6
Ivory Coast
CAD 46,281
33.8%
7
Morocco
CAD 45,531
34.9%
8
Cameroon
CAD 44,300
36.7%
9
Senegal
CAD 43,557
37.7%
10
Uganda
CAD 43,444
37.9%
11
Zambia
CAD 43,420
37.9%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 66,443
5.0%
1
Qatar
CAD 66,443
5.0%
2
Bahrain
CAD 64,345
8.0%
3
Oman
CAD 64,345
8.0%
4
Saudi Arabia
CAD 62,946
10.0%
5
Kuwait
CAD 62,247
11.0%
6
Israel
CAD 54,783
21.7%
7
Egypt
CAD 52,840
24.5%
8
Lebanon
CAD 52,719
24.6%
9
Turkey
CAD 41,001
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.