Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$42,172
Federal tax deduction
- $5,702
Provincial tax deduction
- $4,396
CPP deduction
- $2,204
EI deduction
- $666
Total tax
- $12,969
Net pay
* $29,203
Marginal tax rate
33.1%
Average tax rate
30.8%
69.2%
Net pay
30.8%
Total tax
Total tax
Net pay
The Taxberg
$29,203
Net pay
$3,137
Tax the employer pays
$12,969
Tax you pay
Total tax paid
$16,106
Did you know your employer also pays tax on your salary? It costs the employer $3,137 to pay you $42,172. 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 30.8% tax rate now rises to 35.5%, meaning your real tax rate is actually 4.7% higher than what it seemed at first.
Summary
If you make $42,172 a year living in the region of Manitoba, Canada, you will be taxed $12,969. That means that your net pay will be $29,203 per year, or $2,434 per month. Your average tax rate is 30.8% 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.
Tax per region
Region
Net pay
Average tax
Rank
Nunavut
CAD 32,027
24.1%
1
British Columbia
CAD 31,588
25.1%
2
Northwest Territories
CAD 31,280
25.8%
3
Ontario
CAD 31,165
26.1%
4
Yukon
CAD 31,166
26.1%
5
Quebec
CAD 30,627
27.4%
6
Newfoundland and Labrador
CAD 30,005
28.9%
7
New Brunswick
CAD 29,902
29.1%
8
Alberta
CAD 29,669
29.6%
9
Saskatchewan
CAD 29,473
30.1%
10
Nova Scotia
CAD 29,370
30.4%
11
Prince Edward Island
CAD 29,340
30.4%
12
Manitoba
CAD 29,203
30.8%
13
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 34,518
18.2%
1
Canada
CAD 31,165
26.1%
2
Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 38,128
9.6%
1
Puerto Rico
CAD 37,011
12.2%
2
Costa Rica
CAD 36,789
12.8%
3
Ecuador
CAD 35,663
15.4%
4
Panama
CAD 34,204
18.9%
5
Colombia
CAD 34,192
18.9%
6
Chile
CAD 33,718
20.1%
7
Mexico
CAD 32,294
23.4%
8
Peru
CAD 32,160
23.7%
9
Brazil
CAD 31,357
25.6%
10
Uruguay
CAD 30,463
27.8%
11
Argentina
CAD 27,402
35.0%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 32,746
22.4%
1
Angola
CAD 30,921
26.7%
2
Mozambique
CAD 30,492
27.7%
3
Kenya
CAD 30,226
28.3%
4
Ghana
CAD 29,286
30.6%
5
Ivory Coast
CAD 29,084
31.0%
6
Nigeria
CAD 28,859
31.6%
7
Morocco
CAD 28,703
31.9%
8
Uganda
CAD 27,821
34.0%
9
Cameroon
CAD 27,393
35.0%
10
Senegal
CAD 26,897
36.2%
11
Zambia
CAD 26,343
37.5%
12
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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.