Income Tax Calculator British Columbia

Find out how much your salary is after tax

Enter your gross income

Salary rate

Withholding

Salary $40,714

EI deduction - $643

CPP deduction - $2,121

Federal tax deduction - $5,499

Provincial tax deduction - $1,928

Total tax - $10,191

Net pay * $30,523

Marginal tax rate 26.9%

Average tax rate 25.0%

25%Total tax

75%

Net pay

The Taxberg

$30,523

Net pay

$3,022

Tax the employer pays

$10,191

Tax you pay

Total tax paid

$13,213

Did you know your employer also pays tax on your salary? It costs the employer $3,022 to pay you $40,714. In other words, every time you spend $10 of your hard-earned money, $3.25 goes to the government.

Real tax rate

30.2%

So, with you and the employer both paying tax, what used to be a 25% tax rate now rises to 30.2%, meaning your real tax rate is actually 5.2% higher than what it seemed at first.

Summary

If you make $40,714 a year living in the region of British Columbia, Canada, you will be taxed $10,191. That means that your net pay will be $30,523 per year, or $2,544 per month. Your average tax rate is 25.0% and your marginal tax rate is 26.9%. 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 $26.9, hence, your net pay will only increase by $73.1.

Bonus Example

A $1,000 bonus will generate an extra $731 of net incomes. A $5,000 bonus will generate an extra $3,655 of net incomes.

Province

AlbertaBritish ColumbiaManitobaNew BrunswickNewfoundland and LabradorNorthwest TerritoriesNova ScotiaNunavutOntarioPrince Edward IslandQuebecSaskatchewanYukon

Tax per income

$40,500$41,000$41,500$42,000$42,500$43,000$43,500$44,000$44,500$45,000$45,500$46,000$46,500$47,000$47,500$48,000$48,500$49,000$49,500$50,000

Tax per region

Country	Net pay	Average tax	Rank
Nunavut	CAD 30,932	24.0%	1
British Columbia	CAD 30,523	25.0%	2
Northwest Territories	CAD 30,211	25.8%	3
Nova Scotia	CAD 28,429	30.2%	11
Prince Edward Island	CAD 28,382	30.3%	12
Manitoba	CAD 28,229	30.7%	13

NOTE* Withholding is calculated based on the British Columbia tables of CA, 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.