Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$70,015
Federal tax deduction
- $10,731
Provincial tax deduction
- $6,556
CPP deduction
- $3,500
EI deduction
- $953
Total tax
- $21,740
Net pay
* $48,275
Marginal tax rate
30.5%
Average tax rate
31.1%
68.9%
Net pay
31.1%
Total tax
Total tax
Net pay
The Taxberg
$48,275
Net pay
$4,834
Tax the employer pays
$21,740
Tax you pay
Total tax paid
$26,574
Did you know your employer also pays tax on your salary? It costs the employer $4,834 to pay you $70,015. 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 $70,015 a year living in the region of Alberta, Canada, you will be taxed $21,740. That means that your net pay will be $48,275 per year, or $4,023 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 51,544
26.4%
1
British Columbia
CAD 50,802
27.4%
2
Northwest Territories
CAD 50,300
28.2%
3
Yukon
CAD 50,202
28.3%
4
Ontario
CAD 49,944
28.7%
5
Alberta
CAD 48,275
31.1%
6
Saskatchewan
CAD 47,482
32.2%
7
New Brunswick
CAD 47,307
32.4%
8
Newfoundland and Labrador
CAD 47,338
32.4%
9
Quebec
CAD 47,238
32.5%
10
Manitoba
CAD 47,056
32.8%
11
Prince Edward Island
CAD 46,709
33.3%
12
Nova Scotia
CAD 46,392
33.7%
13
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Europe
Country 
Net pay
Average tax
Rank
Russia
CAD 60,913
13.0%
1
Switzerland
CAD 59,150
15.5%
2
Hungary
CAD 57,062
18.5%
3
Ukraine
CAD 56,362
19.5%
4
United Kingdom
CAD 54,220
22.6%
5
Czech Republic
CAD 53,614
23.4%
6
France
CAD 53,336
23.8%
7
Ireland
CAD 53,078
24.2%
8
Norway
CAD 52,070
25.6%
9
Spain
CAD 50,293
28.2%
10
Luxembourg
CAD 48,716
30.4%
11
Sweden
CAD 48,321
31.0%
12
Austria
CAD 47,994
31.5%
13
Denmark
CAD 47,163
32.6%
14
Greece
CAD 45,598
34.9%
15
Poland
CAD 44,143
37.0%
16
Germany
CAD 44,060
37.1%
17
Netherlands
CAD 44,061
37.1%
18
Finland
CAD 41,756
40.4%
19
Italy
CAD 41,152
41.2%
20
Romania
CAD 40,959
41.5%
21
Portugal
CAD 39,670
43.3%
22
Belgium
CAD 33,812
51.7%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 55,117
21.3%
1
Canada
CAD 49,944
28.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 62,689
10.5%
1
Taiwan
CAD 60,401
13.7%
2
Thailand
CAD 57,657
17.7%
3
Kazakhstan
CAD 56,347
19.5%
4
South Korea
CAD 56,151
19.8%
5
Australia
CAD 54,568
22.1%
6
New Zealand
CAD 53,475
23.6%
7
Singapore
CAD 53,464
23.6%
8
Indonesia
CAD 52,481
25.0%
9
Pakistan
CAD 51,742
26.1%
10
Japan
CAD 51,685
26.2%
11
Malaysia
CAD 50,540
27.8%
12
Philippines
CAD 49,763
28.9%
13
Vietnam
CAD 47,798
31.7%
14
China
CAD 46,394
33.7%
15
India
CAD 42,994
38.6%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 63,051
10.0%
1
Costa Rica
CAD 58,152
16.9%
2
Puerto Rico
CAD 58,035
17.1%
3
Chile
CAD 57,856
17.4%
4
Panama
CAD 55,267
21.1%
5
Ecuador
CAD 55,170
21.2%
6
Colombia
CAD 53,292
23.9%
7
Peru
CAD 52,332
25.3%
8
Brazil
CAD 51,543
26.4%
9
Mexico
CAD 50,942
27.2%
10
Uruguay
CAD 47,587
32.0%
11
Argentina
CAD 45,500
35.0%
12
Show more
Africa
Country 
Net pay
Average tax
Rank
Angola
CAD 51,177
26.9%
1
South Africa
CAD 49,815
28.9%
2
Kenya
CAD 49,716
29.0%
3
Mozambique
CAD 48,590
30.6%
4
Nigeria
CAD 47,797
31.7%
5
Ghana
CAD 47,704
31.9%
6
Ivory Coast
CAD 46,328
33.8%
7
Morocco
CAD 45,576
34.9%
8
Cameroon
CAD 44,345
36.7%
9
Senegal
CAD 43,602
37.7%
10
Uganda
CAD 43,485
37.9%
11
Zambia
CAD 43,466
37.9%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 66,514
5.0%
1
Qatar
CAD 66,514
5.0%
2
Bahrain
CAD 64,414
8.0%
3
Oman
CAD 64,414
8.0%
4
Saudi Arabia
CAD 63,014
10.0%
5
Kuwait
CAD 62,313
11.0%
6
Israel
CAD 54,836
21.7%
7
Egypt
CAD 52,896
24.5%
8
Lebanon
CAD 52,775
24.6%
9
Turkey
CAD 41,044
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.