Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$71,034
Federal tax deduction
- $10,940
Provincial tax deduction
- $6,658
CPP deduction
- $3,500
EI deduction
- $953
Total tax
- $22,051
Net pay
* $48,983
Marginal tax rate
30.5%
Average tax rate
31.0%
69.0%
Net pay
31.0%
Total tax
Total tax
Net pay
The Taxberg
$48,983
Net pay
$4,834
Tax the employer pays
$22,051
Tax you pay
Total tax paid
$26,884
Did you know your employer also pays tax on your salary? It costs the employer $4,834 to pay you $71,034. In other words, every time you spend $10 of your hard-earned money, $3.78 goes to the government.
Real tax rate
35.4%
So, with you and the employer both paying tax, what used to be a 31% tax rate now rises to 35.4%, meaning your real tax rate is actually 4.4% higher than what it seemed at first.
Summary
If you make $71,034 a year living in the region of Alberta, Canada, you will be taxed $22,051. That means that your net pay will be $48,983 per year, or $4,082 per month. Your average tax rate is 31.0% 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 52,283
26.4%
1
British Columbia
CAD 51,534
27.5%
2
Northwest Territories
CAD 51,022
28.2%
3
Yukon
CAD 50,921
28.3%
4
Ontario
CAD 50,631
28.7%
5
Alberta
CAD 48,983
31.0%
6
Saskatchewan
CAD 48,165
32.2%
7
Newfoundland and Labrador
CAD 48,000
32.4%
8
New Brunswick
CAD 47,966
32.5%
9
Quebec
CAD 47,874
32.6%
10
Manitoba
CAD 47,731
32.8%
11
Prince Edward Island
CAD 47,349
33.3%
12
Nova Scotia
CAD 47,032
33.8%
13
Show more
North America
Country 
Net pay
Average tax
Rank
USA
CAD 55,865
21.4%
1
Canada
CAD 50,631
28.7%
2
Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 63,953
10.0%
1
Costa Rica
CAD 58,928
17.0%
2
Chile
CAD 58,736
17.3%
3
Puerto Rico
CAD 58,721
17.3%
4
Panama
CAD 56,038
21.1%
5
Ecuador
CAD 55,862
21.4%
6
Colombia
CAD 53,936
24.1%
7
Peru
CAD 53,045
25.3%
8
Brazil
CAD 52,282
26.4%
9
Mexico
CAD 51,607
27.4%
10
Uruguay
CAD 48,206
32.1%
11
Argentina
CAD 46,162
35.0%
12
Show more
Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 67,482
5.0%
1
Qatar
CAD 67,482
5.0%
2
Bahrain
CAD 65,351
8.0%
3
Oman
CAD 65,351
8.0%
4
Saudi Arabia
CAD 63,931
10.0%
5
Kuwait
CAD 63,220
11.0%
6
Israel
CAD 55,539
21.8%
7
Egypt
CAD 53,660
24.5%
8
Lebanon
CAD 53,539
24.6%
9
Turkey
CAD 41,638
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.