Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$70,480
Federal tax deduction
- $10,826
Provincial tax deduction
- $6,603
CPP deduction
- $3,500
EI deduction
- $953
Total tax
- $21,882
Net pay
* $48,598
Marginal tax rate
30.5%
Average tax rate
31.0%
69.0%
Net pay
31.0%
Total tax
Total tax
Net pay
The Taxberg
$48,598
Net pay
$4,834
Tax the employer pays
$21,882
Tax you pay
Total tax paid
$26,715
Did you know your employer also pays tax on your salary? It costs the employer $4,834 to pay you $70,480. 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 $70,480 a year living in the region of Alberta, Canada, you will be taxed $21,882. That means that your net pay will be $48,598 per year, or $4,050 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
North America
Country 
Net pay
Average tax
Rank
USA
CAD 55,459
21.3%
1
Canada
CAD 50,258
28.7%
2
Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 63,463
10.0%
1
Costa Rica
CAD 58,506
17.0%
2
Puerto Rico
CAD 58,348
17.2%
3
Chile
CAD 58,257
17.3%
4
Panama
CAD 55,619
21.1%
5
Ecuador
CAD 55,485
21.3%
6
Colombia
CAD 53,586
24.0%
7
Peru
CAD 52,657
25.3%
8
Brazil
CAD 51,880
26.4%
9
Mexico
CAD 51,245
27.3%
10
Uruguay
CAD 47,869
32.1%
11
Argentina
CAD 45,802
35.0%
12
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.