Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$70,304
Federal tax deduction
- $10,790
Provincial tax deduction
- $6,585
CPP deduction
- $3,500
EI deduction
- $953
Total tax
- $21,828
Net pay
* $48,476
Marginal tax rate
30.5%
Average tax rate
31.0%
69.0%
Net pay
31.0%
Total tax
Total tax
Net pay
The Taxberg
$48,476
Net pay
$4,834
Tax the employer pays
$21,828
Tax you pay
Total tax paid
$26,662
Did you know your employer also pays tax on your salary? It costs the employer $4,834 to pay you $70,304. In other words, every time you spend $10 of your hard-earned money, $3.79 goes to the government.
Real tax rate
35.5%
So, with you and the employer both paying tax, what used to be a 31% tax rate now rises to 35.5%, meaning your real tax rate is actually 4.5% higher than what it seemed at first.
Summary
If you make $70,304 a year living in the region of Alberta, Canada, you will be taxed $21,828. That means that your net pay will be $48,476 per year, or $4,040 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 51,754
26.4%
1
British Columbia
CAD 51,010
27.4%
2
Northwest Territories
CAD 50,505
28.2%
3
Yukon
CAD 50,406
28.3%
4
Ontario
CAD 50,139
28.7%
5
Alberta
CAD 48,476
31.0%
6
Saskatchewan
CAD 47,676
32.2%
7
New Brunswick
CAD 47,494
32.4%
8
Newfoundland and Labrador
CAD 47,525
32.4%
9
Quebec
CAD 47,418
32.6%
10
Manitoba
CAD 47,248
32.8%
11
Prince Edward Island
CAD 46,891
33.3%
12
Nova Scotia
CAD 46,574
33.8%
13
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Europe
Country 
Net pay
Average tax
Rank
Russia
CAD 61,164
13.0%
1
Switzerland
CAD 59,369
15.6%
2
Hungary
CAD 57,298
18.5%
3
Ukraine
CAD 56,595
19.5%
4
United Kingdom
CAD 54,413
22.6%
5
Czech Republic
CAD 53,828
23.4%
6
France
CAD 53,519
23.9%
7
Ireland
CAD 53,227
24.3%
8
Norway
CAD 52,261
25.7%
9
Spain
CAD 50,465
28.2%
10
Luxembourg
CAD 48,849
30.5%
11
Sweden
CAD 48,466
31.1%
12
Austria
CAD 48,144
31.5%
13
Denmark
CAD 47,357
32.6%
14
Greece
CAD 45,744
34.9%
15
Poland
CAD 44,309
37.0%
16
Netherlands
CAD 44,243
37.1%
17
Germany
CAD 44,204
37.1%
18
Finland
CAD 41,897
40.4%
19
Italy
CAD 41,287
41.3%
20
Romania
CAD 41,128
41.5%
21
Portugal
CAD 39,797
43.4%
22
Belgium
CAD 33,927
51.7%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 55,329
21.3%
1
Canada
CAD 50,139
28.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 62,929
10.5%
1
Taiwan
CAD 60,627
13.8%
2
Thailand
CAD 57,873
17.7%
3
Kazakhstan
CAD 56,582
19.5%
4
South Korea
CAD 56,357
19.8%
5
Australia
CAD 54,757
22.1%
6
Singapore
CAD 53,675
23.7%
7
New Zealand
CAD 53,664
23.7%
8
Indonesia
CAD 52,677
25.1%
9
Pakistan
CAD 51,930
26.1%
10
Japan
CAD 51,884
26.2%
11
Malaysia
CAD 50,730
27.8%
12
Philippines
CAD 49,951
29.0%
13
Vietnam
CAD 47,985
31.8%
14
China
CAD 46,756
33.5%
15
India
CAD 43,159
38.6%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 63,307
10.0%
1
Costa Rica
CAD 58,372
17.0%
2
Puerto Rico
CAD 58,230
17.2%
3
Chile
CAD 58,105
17.4%
4
Panama
CAD 55,485
21.1%
5
Ecuador
CAD 55,366
21.3%
6
Colombia
CAD 53,474
23.9%
7
Peru
CAD 52,534
25.3%
8
Brazil
CAD 51,753
26.4%
9
Mexico
CAD 51,130
27.3%
10
Uruguay
CAD 47,762
32.1%
11
Argentina
CAD 45,688
35.0%
12
Show more
Africa
Country 
Net pay
Average tax
Rank
Angola
CAD 51,388
26.9%
1
South Africa
CAD 49,986
28.9%
2
Kenya
CAD 49,919
29.0%
3
Mozambique
CAD 48,778
30.6%
4
Nigeria
CAD 47,994
31.7%
5
Ghana
CAD 47,896
31.9%
6
Ivory Coast
CAD 46,512
33.8%
7
Morocco
CAD 45,751
34.9%
8
Cameroon
CAD 44,521
36.7%
9
Senegal
CAD 43,776
37.7%
10
Uganda
CAD 43,644
37.9%
11
Zambia
CAD 43,644
37.9%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 66,789
5.0%
1
Qatar
CAD 66,789
5.0%
2
Bahrain
CAD 64,680
8.0%
3
Oman
CAD 64,680
8.0%
4
Saudi Arabia
CAD 63,274
10.0%
5
Kuwait
CAD 62,571
11.0%
6
Israel
CAD 55,039
21.7%
7
Egypt
CAD 53,113
24.5%
8
Lebanon
CAD 52,992
24.6%
9
Turkey
CAD 41,213
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.