Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$71,240
Federal tax deduction
- $10,982
Provincial tax deduction
- $6,679
CPP deduction
- $3,500
EI deduction
- $953
Total tax
- $22,114
Net pay
* $49,126
Marginal tax rate
30.5%
Average tax rate
31.0%
69.0%
Net pay
31.0%
Total tax
Total tax
Net pay
The Taxberg
$49,126
Net pay
$4,834
Tax the employer pays
$22,114
Tax you pay
Total tax paid
$26,947
Did you know your employer also pays tax on your salary? It costs the employer $4,834 to pay you $71,240. 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 $71,240 a year living in the region of Alberta, Canada, you will be taxed $22,114. That means that your net pay will be $49,126 per year, or $4,094 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 52,432
26.4%
1
British Columbia
CAD 51,682
27.5%
2
Northwest Territories
CAD 51,168
28.2%
3
Yukon
CAD 51,066
28.3%
4
Ontario
CAD 50,769
28.7%
5
Alberta
CAD 49,126
31.0%
6
Saskatchewan
CAD 48,303
32.2%
7
Newfoundland and Labrador
CAD 48,134
32.4%
8
New Brunswick
CAD 48,099
32.5%
9
Quebec
CAD 48,003
32.6%
10
Manitoba
CAD 47,867
32.8%
11
Prince Edward Island
CAD 47,478
33.4%
12
Nova Scotia
CAD 47,162
33.8%
13
Show more
North America
Country 
Net pay
Average tax
Rank
USA
CAD 56,017
21.4%
1
Canada
CAD 50,769
28.7%
2
Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 64,135
10.0%
1
Costa Rica
CAD 59,084
17.1%
2
Chile
CAD 58,914
17.3%
3
Puerto Rico
CAD 58,860
17.4%
4
Panama
CAD 56,193
21.1%
5
Ecuador
CAD 56,002
21.4%
6
Colombia
CAD 54,067
24.1%
7
Peru
CAD 53,189
25.3%
8
Brazil
CAD 52,431
26.4%
9
Mexico
CAD 51,741
27.4%
10
Uruguay
CAD 48,331
32.2%
11
Argentina
CAD 46,296
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.