Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$42,204
Federal tax deduction
- $5,707
Provincial tax deduction
- $4,400
CPP deduction
- $2,206
EI deduction
- $667
Total tax
- $12,979
Net pay
* $29,225
Marginal tax rate
33.1%
Average tax rate
30.8%
69.2%
Net pay
30.8%
Total tax
Total tax
Net pay
The Taxberg
$29,225
Net pay
$3,140
Tax the employer pays
$12,979
Tax you pay
Total tax paid
$16,119
Did you know your employer also pays tax on your salary? It costs the employer $3,140 to pay you $42,204. 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 $42,204 a year living in the region of Manitoba, Canada, you will be taxed $12,979. That means that your net pay will be $29,225 per year, or $2,435 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.
Compare average tax
Tax per region
Region
Net pay
Average tax
Rank
Nunavut
CAD 32,051
24.1%
1
British Columbia
CAD 31,612
25.1%
2
Northwest Territories
CAD 31,304
25.8%
3
Ontario
CAD 31,188
26.1%
4
Yukon
CAD 31,190
26.1%
5
Quebec
CAD 30,648
27.4%
6
Newfoundland and Labrador
CAD 30,026
28.9%
7
New Brunswick
CAD 29,925
29.1%
8
Alberta
CAD 29,691
29.6%
9
Saskatchewan
CAD 29,495
30.1%
10
Nova Scotia
CAD 29,390
30.4%
11
Prince Edward Island
CAD 29,361
30.4%
12
Manitoba
CAD 29,225
30.8%
13
Show more
North America
Country 
Net pay
Average tax
Rank
USA
CAD 34,541
18.2%
1
Canada
CAD 31,188
26.1%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 39,468
6.5%
1
Taiwan
CAD 37,627
10.9%
2
Thailand
CAD 36,798
12.8%
3
Australia
CAD 36,352
13.9%
4
South Korea
CAD 35,036
17.0%
5
New Zealand
CAD 34,751
17.7%
6
Kazakhstan
CAD 33,821
19.9%
7
Indonesia
CAD 33,435
20.8%
8
Pakistan
CAD 33,215
21.3%
9
Singapore
CAD 33,164
21.4%
10
Japan
CAD 32,714
22.5%
11
Malaysia
CAD 32,481
23.0%
12
Philippines
CAD 31,505
25.4%
13
Vietnam
CAD 30,307
28.2%
14
China
CAD 28,459
32.6%
15
India
CAD 27,198
35.6%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 38,157
9.6%
1
Puerto Rico
CAD 37,036
12.3%
2
Costa Rica
CAD 36,814
12.8%
3
Ecuador
CAD 35,688
15.4%
4
Panama
CAD 34,228
18.9%
5
Colombia
CAD 34,214
18.9%
6
Chile
CAD 33,743
20.1%
7
Mexico
CAD 32,316
23.4%
8
Peru
CAD 32,184
23.7%
9
Brazil
CAD 31,380
25.7%
10
Uruguay
CAD 30,486
27.8%
11
Argentina
CAD 27,423
35.0%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 32,766
22.4%
1
Angola
CAD 30,945
26.7%
2
Mozambique
CAD 30,513
27.7%
3
Kenya
CAD 30,249
28.3%
4
Ghana
CAD 29,307
30.6%
5
Ivory Coast
CAD 29,104
31.0%
6
Nigeria
CAD 28,880
31.6%
7
Morocco
CAD 28,723
31.9%
8
Uganda
CAD 27,842
34.0%
9
Cameroon
CAD 27,413
35.1%
10
Senegal
CAD 26,916
36.2%
11
Zambia
CAD 26,362
37.5%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 40,094
5.0%
1
Qatar
CAD 40,094
5.0%
2
Bahrain
CAD 38,828
8.0%
3
Oman
CAD 38,828
8.0%
4
Saudi Arabia
CAD 37,984
10.0%
5
Kuwait
CAD 37,562
11.0%
6
Israel
CAD 35,159
16.7%
7
Egypt
CAD 32,038
24.1%
8
Lebanon
CAD 31,917
24.4%
9
Turkey
CAD 24,847
41.1%
10
Show more
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.