Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$70,044
Federal tax deduction
- $10,737
Provincial tax deduction
- $6,559
CPP deduction
- $3,500
EI deduction
- $953
Total tax
- $21,749
Net pay
* $48,295
Marginal tax rate
30.5%
Average tax rate
31.1%
68.9%
Net pay
31.1%
Total tax
Total tax
Net pay
The Taxberg
$48,295
Net pay
$4,834
Tax the employer pays
$21,749
Tax you pay
Total tax paid
$26,582
Did you know your employer also pays tax on your salary? It costs the employer $4,834 to pay you $70,044. 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 $70,044 a year living in the region of Alberta, Canada, you will be taxed $21,749. That means that your net pay will be $48,295 per year, or $4,025 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 51,565
26.4%
1
British Columbia
CAD 50,823
27.4%
2
Northwest Territories
CAD 50,320
28.2%
3
Yukon
CAD 50,223
28.3%
4
Ontario
CAD 49,964
28.7%
5
Alberta
CAD 48,295
31.1%
6
Saskatchewan
CAD 47,501
32.2%
7
New Brunswick
CAD 47,325
32.4%
8
Newfoundland and Labrador
CAD 47,356
32.4%
9
Quebec
CAD 47,256
32.5%
10
Manitoba
CAD 47,075
32.8%
11
Prince Edward Island
CAD 46,727
33.3%
12
Nova Scotia
CAD 46,410
33.7%
13
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Europe
Country 
Net pay
Average tax
Rank
Russia
CAD 60,938
13.0%
1
Switzerland
CAD 59,172
15.5%
2
Hungary
CAD 57,086
18.5%
3
Ukraine
CAD 56,385
19.5%
4
United Kingdom
CAD 54,240
22.6%
5
Czech Republic
CAD 53,636
23.4%
6
France
CAD 53,354
23.8%
7
Ireland
CAD 53,093
24.2%
8
Norway
CAD 52,090
25.6%
9
Spain
CAD 50,310
28.2%
10
Luxembourg
CAD 48,730
30.4%
11
Sweden
CAD 48,336
31.0%
12
Austria
CAD 48,009
31.5%
13
Denmark
CAD 47,182
32.6%
14
Greece
CAD 45,613
34.9%
15
Poland
CAD 44,159
37.0%
16
Netherlands
CAD 44,079
37.1%
17
Germany
CAD 44,074
37.1%
18
Finland
CAD 41,770
40.4%
19
Italy
CAD 41,166
41.2%
20
Romania
CAD 40,976
41.5%
21
Portugal
CAD 39,682
43.4%
22
Belgium
CAD 33,824
51.7%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 55,138
21.3%
1
Canada
CAD 49,964
28.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 62,713
10.5%
1
Taiwan
CAD 60,423
13.7%
2
Thailand
CAD 57,678
17.7%
3
Kazakhstan
CAD 56,371
19.5%
4
South Korea
CAD 56,172
19.8%
5
Australia
CAD 54,587
22.1%
6
New Zealand
CAD 53,494
23.6%
7
Singapore
CAD 53,485
23.6%
8
Indonesia
CAD 52,501
25.1%
9
Pakistan
CAD 51,761
26.1%
10
Japan
CAD 51,705
26.2%
11
Malaysia
CAD 50,559
27.8%
12
Philippines
CAD 49,782
28.9%
13
Vietnam
CAD 47,816
31.7%
14
China
CAD 46,430
33.7%
15
India
CAD 43,011
38.6%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 63,077
10.0%
1
Costa Rica
CAD 58,174
17.0%
2
Puerto Rico
CAD 58,055
17.1%
3
Chile
CAD 57,881
17.4%
4
Panama
CAD 55,289
21.1%
5
Ecuador
CAD 55,189
21.2%
6
Colombia
CAD 53,310
23.9%
7
Peru
CAD 52,352
25.3%
8
Brazil
CAD 51,564
26.4%
9
Mexico
CAD 50,961
27.2%
10
Uruguay
CAD 47,604
32.0%
11
Argentina
CAD 45,519
35.0%
12
Show more
Africa
Country 
Net pay
Average tax
Rank
Angola
CAD 51,198
26.9%
1
South Africa
CAD 49,832
28.9%
2
Kenya
CAD 49,737
29.0%
3
Mozambique
CAD 48,609
30.6%
4
Nigeria
CAD 47,817
31.7%
5
Ghana
CAD 47,724
31.9%
6
Ivory Coast
CAD 46,346
33.8%
7
Morocco
CAD 45,594
34.9%
8
Cameroon
CAD 44,363
36.7%
9
Senegal
CAD 43,620
37.7%
10
Uganda
CAD 43,501
37.9%
11
Zambia
CAD 43,484
37.9%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 66,542
5.0%
1
Qatar
CAD 66,542
5.0%
2
Bahrain
CAD 64,440
8.0%
3
Oman
CAD 64,440
8.0%
4
Saudi Arabia
CAD 63,040
10.0%
5
Kuwait
CAD 62,339
11.0%
6
Israel
CAD 54,856
21.7%
7
Egypt
CAD 52,918
24.5%
8
Lebanon
CAD 52,797
24.6%
9
Turkey
CAD 41,061
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.