Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$29,068
Federal tax deduction
- $3,880
Provincial tax deduction
- $2,552
CPP deduction
- $1,457
EI deduction
- $459
Total tax
- $8,349
Net pay
* $20,719
Marginal tax rate
29.9%
Average tax rate
28.7%
71.3%
Net pay
28.7%
Total tax
Total tax
Net pay
The Taxberg
$20,719
Net pay
$2,100
Tax the employer pays
$8,349
Tax you pay
Total tax paid
$10,449
Did you know your employer also pays tax on your salary? It costs the employer $2,100 to pay you $29,068. In other words, every time you spend $10 of your hard-earned money, $3.59 goes to the government.
Real tax rate
33.5%
So, with you and the employer both paying tax, what used to be a 28.7% tax rate now rises to 33.5%, meaning your real tax rate is actually 4.8% higher than what it seemed at first.
Summary
If you make $29,068 a year living in the region of New Brunswick, Canada, you will be taxed $8,349. That means that your net pay will be $20,719 per year, or $1,727 per month. Your average tax rate is 28.7% 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
Nunavut
CAD 22,186
23.7%
1
British Columbia
CAD 22,133
23.9%
2
Quebec
CAD 22,029
24.2%
3
Northwest Territories
CAD 21,670
25.5%
4
Yukon
CAD 21,616
25.6%
5
Ontario
CAD 21,601
25.7%
6
Newfoundland and Labrador
CAD 20,910
28.1%
7
Nova Scotia
CAD 20,865
28.2%
8
New Brunswick
CAD 20,719
28.7%
9
Prince Edward Island
CAD 20,611
29.1%
10
Alberta
CAD 20,557
29.3%
11
Saskatchewan
CAD 20,421
29.7%
12
Manitoba
CAD 20,339
30.0%
13
Show more
Europe
Country 
Net pay
Average tax
Rank
Ireland
CAD 27,428
5.6%
1
United Kingdom
CAD 26,888
7.5%
2
Switzerland
CAD 26,720
8.1%
3
Russia
CAD 25,289
13.0%
4
France
CAD 25,040
13.9%
5
Norway
CAD 24,813
14.6%
6
Luxembourg
CAD 24,304
16.4%
7
Austria
CAD 24,222
16.7%
8
Spain
CAD 23,889
17.8%
9
Hungary
CAD 23,690
18.5%
10
Ukraine
CAD 23,400
19.5%
11
Czech Republic
CAD 23,314
19.8%
12
Italy
CAD 22,208
23.6%
13
Germany
CAD 21,969
24.4%
14
Greece
CAD 21,400
26.4%
15
Sweden
CAD 21,276
26.8%
16
Poland
CAD 20,297
30.2%
17
Finland
CAD 19,495
32.9%
18
Denmark
CAD 19,472
33.0%
19
Portugal
CAD 19,359
33.4%
20
Belgium
CAD 18,492
36.4%
21
Netherlands
CAD 18,292
37.1%
22
Romania
CAD 17,005
41.5%
23
Show more
North America
Country 
Net pay
Average tax
Rank
USA
CAD 24,738
14.9%
1
Canada
CAD 21,601
25.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 27,536
5.3%
1
Thailand
CAD 26,283
9.6%
2
Taiwan
CAD 26,271
9.6%
3
Australia
CAD 26,123
10.1%
4
South Korea
CAD 24,765
14.8%
5
New Zealand
CAD 24,391
16.1%
6
Pakistan
CAD 24,245
16.6%
7
Indonesia
CAD 23,878
17.9%
8
Malaysia
CAD 23,715
18.4%
9
Japan
CAD 23,251
20.0%
10
Kazakhstan
CAD 23,180
20.3%
11
Singapore
CAD 23,094
20.6%
12
Philippines
CAD 22,638
22.1%
13
Vietnam
CAD 21,660
25.5%
14
China
CAD 20,483
29.5%
15
India
CAD 19,737
32.1%
16
Show more
Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 26,281
9.6%
1
Costa Rica
CAD 26,000
10.6%
2
Puerto Rico
CAD 25,993
10.6%
3
Ecuador
CAD 25,455
12.4%
4
Colombia
CAD 24,912
14.3%
5
Panama
CAD 24,290
16.4%
6
Chile
CAD 23,537
19.0%
7
Mexico
CAD 23,111
20.5%
8
Peru
CAD 22,385
23.0%
9
Brazil
CAD 21,857
24.8%
10
Uruguay
CAD 21,397
26.4%
11
Argentina
CAD 18,885
35.0%
12
Show more
Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 23,912
17.7%
1
Mozambique
CAD 21,697
25.4%
2
Angola
CAD 21,388
26.4%
3
Kenya
CAD 21,053
27.6%
4
Morocco
CAD 20,760
28.6%
5
Ivory Coast
CAD 20,641
29.0%
6
Ghana
CAD 20,618
29.1%
7
Nigeria
CAD 19,945
31.4%
8
Cameroon
CAD 19,415
33.2%
9
Uganda
CAD 19,304
33.6%
10
Senegal
CAD 18,986
34.7%
11
Zambia
CAD 18,284
37.1%
12
Show more
Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 27,615
5.0%
1
Qatar
CAD 27,615
5.0%
2
Bahrain
CAD 26,743
8.0%
3
Oman
CAD 26,743
8.0%
4
Saudi Arabia
CAD 26,161
10.0%
5
Kuwait
CAD 25,870
11.0%
6
Israel
CAD 25,167
13.4%
7
Egypt
CAD 22,186
23.7%
8
Lebanon
CAD 22,065
24.1%
9
Turkey
CAD 16,863
42.0%
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.