Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$63,674
Federal tax deduction
- $9,443
Provincial tax deduction
- $6,975
CPP deduction
- $3,426
EI deduction
- $951
Total tax
- $20,794
Net pay
* $42,880
Marginal tax rate
37.5%
Average tax rate
32.7%
67.3%
Net pay
32.7%
Total tax
Total tax
Net pay
The Taxberg
$42,880
Net pay
$4,758
Tax the employer pays
$20,794
Tax you pay
Total tax paid
$25,552
Did you know your employer also pays tax on your salary? It costs the employer $4,758 to pay you $63,674. In other words, every time you spend $10 of your hard-earned money, $4.01 goes to the government.
Real tax rate
37.3%
So, with you and the employer both paying tax, what used to be a 32.7% tax rate now rises to 37.3%, meaning your real tax rate is actually 4.6% higher than what it seemed at first.
Summary
If you make $63,674 a year living in the region of Manitoba, Canada, you will be taxed $20,794. That means that your net pay will be $42,880 per year, or $3,573 per month. Your average tax rate is 32.7% and your marginal tax rate is 37.5%. 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 $37.46, hence, your net pay will only increase by $62.54.
Bonus Example
A $1,000 bonus will generate an extra $625 of net incomes. A $5,000 bonus will generate an extra $3,127 of net incomes.
Tax per region
Region
Net pay
Average tax
Rank
Nunavut
CAD 47,008
26.2%
1
British Columbia
CAD 46,310
27.3%
2
Northwest Territories
CAD 45,864
28.0%
3
Yukon
CAD 45,791
28.1%
4
Ontario
CAD 45,544
28.5%
5
Alberta
CAD 43,925
31.0%
6
Quebec
CAD 43,348
31.9%
7
Newfoundland and Labrador
CAD 43,273
32.0%
8
Saskatchewan
CAD 43,290
32.0%
9
New Brunswick
CAD 43,262
32.1%
10
Manitoba
CAD 42,880
32.7%
11
Prince Edward Island
CAD 42,753
32.9%
12
Nova Scotia
CAD 42,466
33.3%
13
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 50,427
20.8%
1
Canada
CAD 45,544
28.5%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 57,469
9.7%
1
Taiwan
CAD 55,426
13.0%
2
Thailand
CAD 52,901
16.9%
3
South Korea
CAD 51,511
19.1%
4
Kazakhstan
CAD 51,211
19.6%
5
Australia
CAD 50,415
20.8%
6
New Zealand
CAD 49,314
22.6%
7
Singapore
CAD 48,830
23.3%
8
Indonesia
CAD 48,176
24.3%
9
Pakistan
CAD 47,620
25.2%
10
Japan
CAD 47,345
25.7%
11
Malaysia
CAD 46,440
27.1%
12
Philippines
CAD 45,620
28.4%
13
Vietnam
CAD 43,707
31.4%
14
China
CAD 41,770
34.4%
15
India
CAD 39,393
38.1%
16
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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.