Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$48,490
Federal tax deduction
- $6,581
Provincial tax deduction
- $5,152
CPP deduction
- $2,564
EI deduction
- $766
Total tax
- $15,063
Net pay
* $33,427
Marginal tax rate
33.2%
Average tax rate
31.1%
68.9%
Net pay
31.1%
Total tax
Total tax
Net pay
The Taxberg
$33,427
Net pay
$3,637
Tax the employer pays
$15,063
Tax you pay
Total tax paid
$18,700
Did you know your employer also pays tax on your salary? It costs the employer $3,637 to pay you $48,490. In other words, every time you spend $10 of your hard-earned money, $3.86 goes to the government.
Real tax rate
35.9%
So, with you and the employer both paying tax, what used to be a 31.1% tax rate now rises to 35.9%, meaning your real tax rate is actually 4.8% higher than what it seemed at first.
Summary
If you make $48,490 a year living in the region of Manitoba, Canada, you will be taxed $15,063. That means that your net pay will be $33,427 per year, or $2,786 per month. Your average tax rate is 31.1% 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
Europe
Country 
Net pay
Average tax
Rank
Switzerland
CAD 42,600
12.2%
1
Russia
CAD 42,186
13.0%
2
Ireland
CAD 40,772
15.9%
3
United Kingdom
CAD 39,852
17.8%
4
France
CAD 39,711
18.1%
5
Hungary
CAD 39,519
18.5%
6
Ukraine
CAD 39,034
19.5%
7
Norway
CAD 37,864
21.9%
8
Czech Republic
CAD 37,686
22.3%
9
Luxembourg
CAD 37,379
22.9%
10
Spain
CAD 36,950
23.8%
11
Austria
CAD 35,829
26.1%
12
Sweden
CAD 34,311
29.2%
13
Greece
CAD 33,688
30.5%
14
Germany
CAD 32,834
32.3%
15
Denmark
CAD 32,659
32.7%
16
Poland
CAD 32,470
33.0%
17
Italy
CAD 31,721
34.6%
18
Finland
CAD 30,888
36.3%
19
Netherlands
CAD 30,514
37.1%
20
Portugal
CAD 29,691
38.8%
21
Romania
CAD 28,367
41.5%
22
Belgium
CAD 25,367
47.7%
23
Show more
North America
Country 
Net pay
Average tax
Rank
USA
CAD 39,192
19.2%
1
Canada
CAD 35,635
26.5%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 44,905
7.4%
1
Taiwan
CAD 43,061
11.2%
2
Thailand
CAD 41,513
14.4%
3
Australia
CAD 40,469
16.5%
4
South Korea
CAD 39,888
17.7%
5
New Zealand
CAD 39,064
19.4%
6
Kazakhstan
CAD 38,912
19.8%
7
Indonesia
CAD 37,856
21.9%
8
Singapore
CAD 37,746
22.2%
9
Pakistan
CAD 37,458
22.8%
10
Japan
CAD 36,997
23.7%
11
Malaysia
CAD 36,563
24.6%
12
Philippines
CAD 35,700
26.4%
13
Vietnam
CAD 34,245
29.4%
14
China
CAD 32,356
33.3%
15
India
CAD 30,768
36.6%
16
Show more
Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 43,841
9.6%
1
Puerto Rico
CAD 41,961
13.5%
2
Costa Rica
CAD 41,750
13.9%
3
Ecuador
CAD 40,522
16.4%
4
Panama
CAD 38,983
19.6%
5
Chile
CAD 38,848
19.9%
6
Colombia
CAD 38,614
20.4%
7
Peru
CAD 36,749
24.2%
8
Mexico
CAD 36,542
24.6%
9
Brazil
CAD 35,938
25.9%
10
Uruguay
CAD 34,516
28.8%
11
Argentina
CAD 31,509
35.0%
12
Show more
Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 36,789
24.1%
1
Angola
CAD 35,518
26.8%
2
Kenya
CAD 34,649
28.5%
3
Mozambique
CAD 34,599
28.7%
4
Ghana
CAD 33,466
31.0%
5
Nigeria
CAD 33,156
31.6%
6
Ivory Coast
CAD 32,997
32.0%
7
Morocco
CAD 32,532
32.9%
8
Uganda
CAD 31,646
34.7%
9
Cameroon
CAD 31,240
35.6%
10
Senegal
CAD 30,687
36.7%
11
Zambia
CAD 30,228
37.7%
12
Show more
Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 46,065
5.0%
1
Qatar
CAD 46,065
5.0%
2
Bahrain
CAD 44,611
8.0%
3
Oman
CAD 44,611
8.0%
4
Saudi Arabia
CAD 43,641
10.0%
5
Kuwait
CAD 43,156
11.0%
6
Israel
CAD 39,682
18.2%
7
Egypt
CAD 36,752
24.2%
8
Lebanon
CAD 36,631
24.5%
9
Turkey
CAD 28,508
41.2%
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.