Income tax calculator Manitoba

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$42,042
Federal tax deduction
- $5,684
Provincial tax deduction
- $4,380
CPP deduction
- $2,197
EI deduction
- $664
Total tax
- $12,926
Net pay
* $29,116
Marginal tax rate
33.1%
Average tax rate
30.7%
69.3%
Net pay
30.7%
Total tax
Total tax
Net pay
The Taxberg
$29,116
Net pay
$3,127
Tax the employer pays
$12,926
Tax you pay
Total tax paid
$16,052
Did you know your employer also pays tax on your salary? It costs the employer $3,127 to pay you $42,042. In other words, every time you spend $10 of your hard-earned money, $3.82 goes to the government.
Real tax rate
35.5%
So, with you and the employer both paying tax, what used to be a 30.7% tax rate now rises to 35.5%, meaning your real tax rate is actually 4.8% higher than what it seemed at first.
People also ask
$42,042 yearly is how much per hour?
$21.56 hourly is how much per year?
What is the average salary in Canada?
Summary
If you make $42,042 a year living in the region of Manitoba, Canada, you will be taxed $12,926. That means that your net pay will be $29,116 per year, or $2,426 per month. Your average tax rate is 30.7% and your marginal tax rate is 33.2%. 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 $33.15, hence, your net pay will only increase by $66.85.
Bonus Example
A $1,000 bonus will generate an extra $669 of net incomes. A $5,000 bonus will generate an extra $3,343 of net incomes.
Compare average tax
Region
Alberta
British Columbia
Manitoba
New Brunswick
Newfoundland and Labrador
Northwest Territories
Nova Scotia
Nunavut
Ontario
Prince Edward Island
Quebec
Saskatchewan
Yukon
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
Europe
Country 
Net pay
Average tax
Rank
Switzerland
CAD 37,323
11.2%
1
Russia
CAD 36,577
13.0%
2
Ireland
CAD 36,162
14.0%
3
United Kingdom
CAD 35,548
15.5%
4
France
CAD 35,295
16.1%
5
Hungary
CAD 34,264
18.5%
6
Ukraine
CAD 33,844
19.5%
7
Norway
CAD 33,608
20.1%
8
Luxembourg
CAD 33,340
20.7%
9
Czech Republic
CAD 32,914
21.7%
10
Spain
CAD 32,736
22.1%
11
Austria
CAD 32,385
23.0%
12
Sweden
CAD 29,971
28.7%
13
Greece
CAD 29,705
29.3%
14
Germany
CAD 29,283
30.4%
15
Italy
CAD 28,870
31.3%
16
Poland
CAD 28,582
32.0%
17
Denmark
CAD 28,251
32.8%
18
Finland
CAD 27,406
34.8%
19
Netherlands
CAD 26,457
37.1%
20
Portugal
CAD 26,337
37.4%
21
Romania
CAD 24,595
41.5%
22
Belgium
CAD 23,411
44.3%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 34,421
18.1%
1
Canada
CAD 31,068
26.1%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 39,324
6.5%
1
Taiwan
CAD 37,487
10.8%
2
Thailand
CAD 36,672
12.8%
3
Australia
CAD 36,246
13.8%
4
South Korea
CAD 34,910
17.0%
5
New Zealand
CAD 34,640
17.6%
6
Kazakhstan
CAD 33,689
19.9%
7
Indonesia
CAD 33,317
20.8%
8
Pakistan
CAD 33,105
21.3%
9
Singapore
CAD 33,046
21.4%
10
Japan
CAD 32,604
22.5%
11
Malaysia
CAD 32,376
23.0%
12
Philippines
CAD 31,395
25.3%
13
Vietnam
CAD 30,206
28.2%
14
China
CAD 28,358
32.6%
15
India
CAD 27,106
35.5%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 38,011
9.6%
1
Puerto Rico
CAD 36,909
12.2%
2
Costa Rica
CAD 36,684
12.7%
3
Ecuador
CAD 35,563
15.4%
4
Panama
CAD 34,105
18.9%
5
Colombia
CAD 34,101
18.9%
6
Chile
CAD 33,620
20.0%
7
Mexico
CAD 32,207
23.4%
8
Peru
CAD 32,065
23.7%
9
Brazil
CAD 31,263
25.6%
10
Uruguay
CAD 30,368
27.8%
11
Argentina
CAD 27,318
35.0%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 32,662
22.3%
1
Angola
CAD 30,827
26.7%
2
Mozambique
CAD 30,408
27.7%
3
Kenya
CAD 30,135
28.3%
4
Ghana
CAD 29,200
30.6%
5
Ivory Coast
CAD 29,004
31.0%
6
Nigeria
CAD 28,770
31.6%
7
Morocco
CAD 28,625
31.9%
8
Uganda
CAD 27,737
34.0%
9
Cameroon
CAD 27,314
35.0%
10
Senegal
CAD 26,819
36.2%
11
Zambia
CAD 26,263
37.5%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 39,940
5.0%
1
Qatar
CAD 39,940
5.0%
2
Bahrain
CAD 38,679
8.0%
3
Oman
CAD 38,679
8.0%
4
Saudi Arabia
CAD 37,838
10.0%
5
Kuwait
CAD 37,417
11.0%
6
Israel
CAD 35,037
16.7%
7
Egypt
CAD 31,916
24.1%
8
Lebanon
CAD 31,795
24.4%
9
Turkey
CAD 24,753
41.1%
10
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NOTE* Withholding is calculated based on the Manitoba 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.