Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$95,700
Federal tax deduction
- $15,997
Provincial tax deduction
- $9,125
CPP deduction
- $3,500
EI deduction
- $953
Total tax
- $29,574
Net pay
* $66,126
Marginal tax rate
30.5%
Average tax rate
30.9%
69.1%
Net pay
30.9%
Total tax
Total tax
Net pay
The Taxberg
$66,126
Net pay
$4,834
Tax the employer pays
$29,574
Tax you pay
Total tax paid
$34,408
Did you know your employer also pays tax on your salary? It costs the employer $4,834 to pay you $95,700. In other words, every time you spend $10 of your hard-earned money, $3.60 goes to the government.
Real tax rate
34.2%
So, with you and the employer both paying tax, what used to be a 30.9% tax rate now rises to 34.2%, meaning your real tax rate is actually 3.3% higher than what it seemed at first.
Summary
If you make $95,700 a year living in the region of Alberta, Canada, you will be taxed $29,574. That means that your net pay will be $66,126 per year, or $5,511 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 70,154
26.7%
1
British Columbia
CAD 68,974
27.9%
2
Northwest Territories
CAD 68,339
28.6%
3
Yukon
CAD 68,310
28.6%
4
Ontario
CAD 67,344
29.6%
5
Alberta
CAD 66,126
30.9%
6
Saskatchewan
CAD 64,691
32.4%
7
New Brunswick
CAD 63,819
33.3%
8
Newfoundland and Labrador
CAD 63,806
33.3%
9
Manitoba
CAD 63,212
33.9%
10
Quebec
CAD 63,236
33.9%
11
Prince Edward Island
CAD 62,831
34.3%
12
Nova Scotia
CAD 62,508
34.7%
13
Show more
North America
Country 
Net pay
Average tax
Rank
USA
CAD 72,193
24.6%
1
Canada
CAD 67,344
29.6%
2
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.