Income Tax Calculator British Columbia

Find out how much your salary is after tax

Enter your gross income

Salary rate

Withholding

Salary $45,768

EI deduction - $723

CPP deduction - $2,409

Federal tax deduction - $6,202

Provincial tax deduction - $2,229

Total tax - $11,563

Net pay * $34,205

Marginal tax rate 28.5%

Average tax rate 25.3%

25.3%Total tax

74.7%

Net pay

The Taxberg

$34,205

Net pay

$3,422

Tax the employer pays

$11,563

Tax you pay

Total tax paid

$14,985

Did you know your employer also pays tax on your salary? It costs the employer $3,422 to pay you $45,768. In other words, every time you spend $10 of your hard-earned money, $3.27 goes to the government.

Real tax rate

30.5%

So, with you and the employer both paying tax, what used to be a 25.3% tax rate now rises to 30.5%, meaning your real tax rate is actually 5.2% higher than what it seemed at first.

Summary

If you make $45,768 a year living in the region of British Columbia, Canada, you will be taxed $11,563. That means that your net pay will be $34,205 per year, or $2,850 per month. Your average tax rate is 25.3% and your marginal tax rate is 28.5%. 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 $28.5, hence, your net pay will only increase by $71.5.

Bonus Example

A $1,000 bonus will generate an extra $715 of net incomes. A $5,000 bonus will generate an extra $3,575 of net incomes.

Province

AlbertaBritish ColumbiaManitobaNew BrunswickNewfoundland and LabradorNorthwest TerritoriesNova ScotiaNunavutOntarioPrince Edward IslandQuebecSaskatchewanYukon

Tax per income

$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$52,500$53,000$53,500$54,000$54,500$55,000

Tax per region

Country	Net pay	Average tax	Rank
Nunavut	CAD 34,718	24.1%	1
British Columbia	CAD 34,205	25.3%	2
Northwest Territories	CAD 33,899	25.9%	3
Prince Edward Island	CAD 31,703	30.7%	11
Nova Scotia	CAD 31,689	30.8%	12
Manitoba	CAD 31,607	30.9%	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.