Income Tax Calculator British Columbia

Find out how much your salary is after tax

Enter your gross income

Salary rate

Withholding

Salary $42,698

EI deduction - $675

CPP deduction - $2,234

Federal tax deduction - $5,775

Provincial tax deduction - $2,041

Total tax - $10,725

Net pay * $31,973

Marginal tax rate 26.9%

Average tax rate 25.1%

25.1%Total tax

74.9%

Net pay

The Taxberg

$31,973

Net pay

$3,179

Tax the employer pays

$10,725

Tax you pay

Total tax paid

$13,904

Did you know your employer also pays tax on your salary? It costs the employer $3,179 to pay you $42,698. In other words, every time you spend $10 of your hard-earned money, $3.26 goes to the government.

Real tax rate

30.3%

So, with you and the employer both paying tax, what used to be a 25.1% tax rate now rises to 30.3%, meaning your real tax rate is actually 5.2% higher than what it seemed at first.

Summary

If you make $42,698 a year living in the region of British Columbia, Canada, you will be taxed $10,725. That means that your net pay will be $31,973 per year, or $2,664 per month. Your average tax rate is 25.1% 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

$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$50,500$51,000$51,500$52,000

Tax per region

Country	Net pay	Average tax	Rank
Nunavut	CAD 32,422	24.1%	1
British Columbia	CAD 31,973	25.1%	2
Northwest Territories	CAD 31,666	25.8%	3
Nova Scotia	CAD 29,709	30.4%	11
Prince Edward Island	CAD 29,686	30.5%	12
Manitoba	CAD 29,555	30.8%	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.