Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$24,672
Federal tax deduction
- $3,268
Provincial tax deduction
- $2,169
CPP deduction
- $1,207
EI deduction
- $390
Total tax
- $7,034
Net pay
* $17,638
Marginal tax rate
29.9%
Average tax rate
28.5%
71.5%
Net pay
28.5%
Total tax
Total tax
Net pay
The Taxberg
$17,638
Net pay
$1,753
Tax the employer pays
$7,034
Tax you pay
Total tax paid
$8,787
Did you know your employer also pays tax on your salary? It costs the employer $1,753 to pay you $24,672. In other words, every time you spend $10 of your hard-earned money, $3.56 goes to the government.
Real tax rate
33.3%
So, with you and the employer both paying tax, what used to be a 28.5% tax rate now rises to 33.3%, meaning your real tax rate is actually 4.8% higher than what it seemed at first.
Summary
If you make $24,672 a year living in the region of New Brunswick, Canada, you will be taxed $7,034. That means that your net pay will be $17,638 per year, or $1,470 per month. Your average tax rate is 28.5% and your marginal tax rate is 29.9%. 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 $29.90, hence, your net pay will only increase by $70.10.
Bonus Example
A $1,000 bonus will generate an extra $701 of net incomes. A $5,000 bonus will generate an extra $3,505 of net incomes.
Compare average tax
Tax per region
Region
Net pay
Average tax
Rank
Quebec
CAD 19,144
22.4%
1
British Columbia
CAD 19,026
22.9%
2
Nunavut
CAD 18,884
23.5%
3
Northwest Territories
CAD 18,446
25.2%
4
Yukon
CAD 18,413
25.4%
5
Ontario
CAD 18,362
25.6%
6
Newfoundland and Labrador
CAD 17,800
27.9%
7
Nova Scotia
CAD 17,779
27.9%
8
New Brunswick
CAD 17,638
28.5%
9
Prince Edward Island
CAD 17,546
28.9%
10
Alberta
CAD 17,500
29.1%
11
Saskatchewan
CAD 17,384
29.5%
12
Manitoba
CAD 17,315
29.8%
13
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Europe
Country 
Net pay
Average tax
Rank
Ireland
CAD 24,446
0.9%
1
United Kingdom
CAD 23,954
2.9%
2
Switzerland
CAD 22,816
7.5%
3
France
CAD 21,505
12.8%
4
Russia
CAD 21,465
13.0%
5
Spain
CAD 21,366
13.4%
6
Norway
CAD 21,362
13.4%
7
Luxembourg
CAD 20,982
15.0%
8
Austria
CAD 20,850
15.5%
9
Hungary
CAD 20,108
18.5%
10
Czech Republic
CAD 20,061
18.7%
11
Ukraine
CAD 19,861
19.5%
12
Italy
CAD 19,708
20.1%
13
Germany
CAD 19,355
21.6%
14
Greece
CAD 18,455
25.2%
15
Sweden
CAD 18,331
25.7%
16
Poland
CAD 17,490
29.1%
17
Portugal
CAD 16,699
32.3%
18
Finland
CAD 16,552
32.9%
19
Denmark
CAD 16,515
33.1%
20
Belgium
CAD 16,163
34.5%
21
Netherlands
CAD 15,526
37.1%
22
Romania
CAD 14,433
41.5%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 21,370
13.4%
1
Canada
CAD 18,362
25.6%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 23,418
5.1%
1
Australia
CAD 22,826
7.5%
2
Thailand
CAD 22,570
8.5%
3
Taiwan
CAD 22,453
9.0%
4
South Korea
CAD 21,328
13.6%
5
Pakistan
CAD 20,973
15.0%
6
New Zealand
CAD 20,825
15.6%
7
Indonesia
CAD 20,678
16.2%
8
Malaysia
CAD 20,649
16.3%
9
Japan
CAD 19,871
19.5%
10
Singapore
CAD 19,669
20.3%
11
Philippines
CAD 19,635
20.4%
12
Kazakhstan
CAD 19,620
20.5%
13
Vietnam
CAD 18,703
24.2%
14
China
CAD 17,417
29.4%
15
India
CAD 17,240
30.1%
16
Show more
Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 22,306
9.6%
1
Puerto Rico
CAD 22,241
9.9%
2
Costa Rica
CAD 22,081
10.5%
3
Ecuador
CAD 21,903
11.2%
4
Colombia
CAD 21,570
12.6%
5
Panama
CAD 20,965
15.0%
6
Chile
CAD 20,059
18.7%
7
Mexico
CAD 19,871
19.5%
8
Peru
CAD 19,077
22.7%
9
Uruguay
CAD 18,759
24.0%
10
Brazil
CAD 18,670
24.3%
11
Argentina
CAD 16,027
35.0%
12
Show more
Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 20,760
15.9%
1
Mozambique
CAD 18,532
24.9%
2
Angola
CAD 18,190
26.3%
3
Morocco
CAD 18,025
26.9%
4
Kenya
CAD 17,976
27.1%
5
Ivory Coast
CAD 17,748
28.1%
6
Ghana
CAD 17,710
28.2%
7
Nigeria
CAD 16,955
31.3%
8
Cameroon
CAD 16,738
32.2%
9
Uganda
CAD 16,446
33.3%
10
Senegal
CAD 16,255
34.1%
11
Zambia
CAD 15,580
36.9%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 23,438
5.0%
1
Qatar
CAD 23,438
5.0%
2
Bahrain
CAD 22,698
8.0%
3
Oman
CAD 22,698
8.0%
4
Saudi Arabia
CAD 22,205
10.0%
5
Kuwait
CAD 21,958
11.0%
6
Israel
CAD 21,427
13.2%
7
Egypt
CAD 18,889
23.4%
8
Lebanon
CAD 18,768
23.9%
9
Turkey
CAD 14,083
42.9%
10
Show more
NOTE* Withholding is calculated based on the New Brunswick 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.