Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$42,494
Federal tax deduction
- $5,747
Provincial tax deduction
- $4,434
CPP deduction
- $2,223
EI deduction
- $671
Total tax
- $13,075
Net pay
* $29,419
Marginal tax rate
33.1%
Average tax rate
30.8%
69.2%
Net pay
30.8%
Total tax
Total tax
Net pay
The Taxberg
$29,419
Net pay
$3,163
Tax the employer pays
$13,075
Tax you pay
Total tax paid
$16,238
Did you know your employer also pays tax on your salary? It costs the employer $3,163 to pay you $42,494. In other words, every time you spend $10 of your hard-earned money, $3.82 goes to the government.
Real tax rate
35.6%
So, with you and the employer both paying tax, what used to be a 30.8% tax rate now rises to 35.6%, meaning your real tax rate is actually 4.8% higher than what it seemed at first.
Summary
If you make $42,494 a year living in the region of Manitoba, Canada, you will be taxed $13,075. That means that your net pay will be $29,419 per year, or $2,452 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 32,269
24.1%
1
British Columbia
CAD 31,824
25.1%
2
Northwest Territories
CAD 31,517
25.8%
3
Ontario
CAD 31,403
26.1%
4
Yukon
CAD 31,401
26.1%
5
Quebec
CAD 30,838
27.4%
6
Newfoundland and Labrador
CAD 30,214
28.9%
7
New Brunswick
CAD 30,128
29.1%
8
Alberta
CAD 29,893
29.7%
9
Saskatchewan
CAD 29,695
30.1%
10
Nova Scotia
CAD 29,578
30.4%
11
Prince Edward Island
CAD 29,551
30.5%
12
Manitoba
CAD 29,419
30.8%
13
Show more
Europe
Country 
Net pay
Average tax
Rank
Switzerland
CAD 37,697
11.3%
1
Russia
CAD 36,970
13.0%
2
Ireland
CAD 36,485
14.1%
3
United Kingdom
CAD 35,850
15.6%
4
France
CAD 35,643
16.1%
5
Hungary
CAD 34,633
18.5%
6
Ukraine
CAD 34,208
19.5%
7
Norway
CAD 33,907
20.2%
8
Luxembourg
CAD 33,639
20.8%
9
Czech Republic
CAD 33,249
21.8%
10
Spain
CAD 33,033
22.3%
11
Austria
CAD 32,620
23.2%
12
Sweden
CAD 30,274
28.8%
13
Greece
CAD 29,984
29.4%
14
Germany
CAD 29,536
30.5%
15
Italy
CAD 29,061
31.6%
16
Poland
CAD 28,871
32.1%
17
Denmark
CAD 28,560
32.8%
18
Finland
CAD 27,673
34.9%
19
Netherlands
CAD 26,741
37.1%
20
Portugal
CAD 26,572
37.5%
21
Romania
CAD 24,859
41.5%
22
Belgium
CAD 23,547
44.6%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 34,756
18.2%
1
Canada
CAD 31,403
26.1%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 39,724
6.5%
1
Taiwan
CAD 37,877
10.9%
2
Thailand
CAD 37,016
12.9%
3
Australia
CAD 36,542
14.0%
4
South Korea
CAD 35,262
17.0%
5
New Zealand
CAD 34,950
17.8%
6
Kazakhstan
CAD 34,055
19.9%
7
Indonesia
CAD 33,646
20.8%
8
Pakistan
CAD 33,410
21.4%
9
Singapore
CAD 33,375
21.5%
10
Japan
CAD 32,912
22.6%
11
Malaysia
CAD 32,668
23.1%
12
Philippines
CAD 31,700
25.4%
13
Vietnam
CAD 30,489
28.3%
14
China
CAD 28,639
32.6%
15
India
CAD 27,363
35.6%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 38,419
9.6%
1
Puerto Rico
CAD 37,263
12.3%
2
Costa Rica
CAD 37,048
12.8%
3
Ecuador
CAD 35,911
15.5%
4
Panama
CAD 34,447
18.9%
5
Colombia
CAD 34,418
19.0%
6
Chile
CAD 33,963
20.1%
7
Mexico
CAD 32,511
23.5%
8
Peru
CAD 32,394
23.8%
9
Brazil
CAD 31,591
25.7%
10
Uruguay
CAD 30,696
27.8%
11
Argentina
CAD 27,611
35.0%
12
Show more
Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 32,952
22.5%
1
Angola
CAD 31,156
26.7%
2
Mozambique
CAD 30,702
27.8%
3
Kenya
CAD 30,452
28.3%
4
Ghana
CAD 29,499
30.6%
5
Ivory Coast
CAD 29,283
31.1%
6
Nigeria
CAD 29,078
31.6%
7
Morocco
CAD 28,899
32.0%
8
Uganda
CAD 28,031
34.0%
9
Cameroon
CAD 27,589
35.1%
10
Senegal
CAD 27,090
36.3%
11
Zambia
CAD 26,541
37.5%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 40,369
5.0%
1
Qatar
CAD 40,369
5.0%
2
Bahrain
CAD 39,094
8.0%
3
Oman
CAD 39,094
8.0%
4
Saudi Arabia
CAD 38,245
10.0%
5
Kuwait
CAD 37,820
11.0%
6
Israel
CAD 35,377
16.8%
7
Egypt
CAD 32,255
24.1%
8
Lebanon
CAD 32,134
24.4%
9
Turkey
CAD 25,016
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.