Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$167,500
Federal tax deduction
- $34,763
Provincial tax deduction
- $16,296
CPP deduction
- $3,500
EI deduction
- $953
Total tax
- $55,512
Net pay
* $111,988
Marginal tax rate
45.2%
Average tax rate
33.1%
66.9%
Net pay
33.1%
Total tax
Total tax
Net pay
The Taxberg
$111,988
Net pay
$4,834
Tax the employer pays
$55,512
Tax you pay
Total tax paid
$60,346
Did you know your employer also pays tax on your salary? It costs the employer $4,834 to pay you $167,500. In other words, every time you spend $10 of your hard-earned money, $3.60 goes to the government.
Real tax rate
35.0%
So, with you and the employer both paying tax, what used to be a 33.1% tax rate now rises to 35.0%, meaning your real tax rate is actually 1.9% higher than what it seemed at first.
Summary
If you make $167,500 a year living in the region of British Columbia, Canada, you will be taxed $55,512. That means that your net pay will be $111,988 per year, or $9,332 per month. Your average tax rate is 33.1% and your marginal tax rate is 45.2%. 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 $45.21, hence, your net pay will only increase by $54.79.
Bonus Example
A $1,000 bonus will generate an extra $548 of net incomes. A $5,000 bonus will generate an extra $2,740 of net incomes.
North America
Country 
Net pay
Average tax
Rank
USA
CAD 117,452
29.9%
1
Canada
CAD 107,605
35.8%
2
NOTE* Withholding is calculated based on the British Columbia 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.