Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$88,978
Federal tax deduction
- $14,619
Provincial tax deduction
- $8,453
CPP deduction
- $3,500
EI deduction
- $953
Total tax
- $27,524
Net pay
* $61,454
Marginal tax rate
30.5%
Average tax rate
30.9%
69.1%
Net pay
30.9%
Total tax
Total tax
Net pay
The Taxberg
$61,454
Net pay
$4,834
Tax the employer pays
$27,524
Tax you pay
Total tax paid
$32,357
Did you know your employer also pays tax on your salary? It costs the employer $4,834 to pay you $88,978. In other words, every time you spend $10 of your hard-earned money, $3.64 goes to the government.
Real tax rate
34.5%
So, with you and the employer both paying tax, what used to be a 30.9% tax rate now rises to 34.5%, meaning your real tax rate is actually 3.6% higher than what it seemed at first.
Summary
If you make $88,978 a year living in the region of Alberta, Canada, you will be taxed $27,524. That means that your net pay will be $61,454 per year, or $5,121 per month. Your average tax rate is 30.9% 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.
Tax per region
Region
Net pay
Average tax
Rank
Nunavut
CAD 65,293
26.6%
1
British Columbia
CAD 64,332
27.7%
2
Northwest Territories
CAD 63,744
28.4%
3
Yukon
CAD 63,571
28.6%
4
Ontario
CAD 62,929
29.3%
5
Alberta
CAD 61,454
30.9%
6
Saskatchewan
CAD 60,187
32.4%
7
New Brunswick
CAD 59,569
33.1%
8
Newfoundland and Labrador
CAD 59,524
33.1%
9
Manitoba
CAD 59,038
33.6%
10
Quebec
CAD 59,087
33.6%
11
Prince Edward Island
CAD 58,618
34.1%
12
Nova Scotia
CAD 58,307
34.5%
13
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 67,891
23.7%
1
Canada
CAD 62,929
29.3%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 78,428
11.9%
1
Taiwan
CAD 75,277
15.4%
2
Kazakhstan
CAD 71,707
19.4%
3
Thailand
CAD 71,460
19.7%
4
Singapore
CAD 69,826
21.5%
5
South Korea
CAD 69,685
21.7%
6
Australia
CAD 66,989
24.7%
7
New Zealand
CAD 65,916
25.9%
8
Japan
CAD 65,465
26.4%
9
Indonesia
CAD 65,331
26.6%
10
Pakistan
CAD 64,068
28.0%
11
China
CAD 63,256
28.9%
12
Malaysia
CAD 62,866
29.4%
13
Philippines
CAD 62,152
30.2%
14
Vietnam
CAD 60,124
32.4%
15
India
CAD 51,312
42.3%
16
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 84,529
5.0%
1
Qatar
CAD 84,529
5.0%
2
Bahrain
CAD 81,860
8.0%
3
Oman
CAD 81,860
8.0%
4
Saudi Arabia
CAD 80,080
10.0%
5
Kuwait
CAD 79,371
10.8%
6
Egypt
CAD 67,118
24.6%
7
Lebanon
CAD 66,997
24.7%
8
Israel
CAD 66,605
25.1%
9
Turkey
CAD 52,089
41.5%
10
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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.