Income tax calculator New Brunswick

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$42,672
Federal tax deduction
- $5,772
Provincial tax deduction
- $3,741
CPP deduction
- $2,233
EI deduction
- $674
Total tax
- $12,420
Net pay
* $30,252
Marginal tax rate
30.0%
Average tax rate
29.1%
70.9%
Net pay
29.1%
Total tax
Total tax
Net pay
The Taxberg
$30,252
Net pay
$3,177
Tax the employer pays
$12,420
Tax you pay
Total tax paid
$15,597
Did you know your employer also pays tax on your salary? It costs the employer $3,177 to pay you $42,672. In other words, every time you spend $10 of your hard-earned money, $3.65 goes to the government.
Real tax rate
34.0%
So, with you and the employer both paying tax, what used to be a 29.1% tax rate now rises to 34.0%, meaning your real tax rate is actually 4.9% higher than what it seemed at first.
People also ask
$42,672 yearly is how much per hour?
$21.88 hourly is how much per year?
What is the average salary in Canada?
Summary
If you make $42,672 a year living in the region of New Brunswick, Canada, you will be taxed $12,420. That means that your net pay will be $30,252 per year, or $2,521 per month. Your average tax rate is 29.1% and your marginal tax rate is 30.0%. 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 $30.02, hence, your net pay will only increase by $69.98.
Bonus Example
A $1,000 bonus will generate an extra $700 of net incomes. A $5,000 bonus will generate an extra $3,499 of net incomes.
Compare average tax
Region
Alberta
British Columbia
Manitoba
New Brunswick
Newfoundland and Labrador
Northwest Territories
Nova Scotia
Nunavut
Ontario
Prince Edward Island
Quebec
Saskatchewan
Yukon
Tax per income
$42,500
$43,000
$43,500
$44,000
$44,500
$45,000
$45,500
$46,000
$46,500
$47,000
$47,500
$48,000
$48,500
$49,000
$49,500
$50,000
$50,500
$51,000
$51,500
$52,000
Tax per region
Region
Net pay
Average tax
Rank
Nunavut
CAD 32,403
24.1%
1
British Columbia
CAD 31,954
25.1%
2
Northwest Territories
CAD 31,647
25.8%
3
Ontario
CAD 31,535
26.1%
4
Yukon
CAD 31,531
26.1%
5
Quebec
CAD 30,955
27.5%
6
Newfoundland and Labrador
CAD 30,330
28.9%
7
New Brunswick
CAD 30,252
29.1%
8
Alberta
CAD 30,017
29.7%
9
Saskatchewan
CAD 29,818
30.1%
10
Nova Scotia
CAD 29,692
30.4%
11
Prince Edward Island
CAD 29,668
30.5%
12
Manitoba
CAD 29,538
30.8%
13
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Europe
Country 
Net pay
Average tax
Rank
Switzerland
CAD 37,844
11.3%
1
Russia
CAD 37,125
13.0%
2
Ireland
CAD 36,612
14.2%
3
United Kingdom
CAD 35,969
15.7%
4
France
CAD 35,780
16.2%
5
Hungary
CAD 34,778
18.5%
6
Ukraine
CAD 34,351
19.5%
7
Norway
CAD 34,024
20.3%
8
Luxembourg
CAD 33,756
20.9%
9
Czech Republic
CAD 33,381
21.8%
10
Spain
CAD 33,149
22.3%
11
Austria
CAD 32,713
23.3%
12
Sweden
CAD 30,393
28.8%
13
Greece
CAD 30,094
29.5%
14
Germany
CAD 29,636
30.6%
15
Italy
CAD 29,137
31.7%
16
Poland
CAD 28,984
32.1%
17
Denmark
CAD 28,682
32.8%
18
Finland
CAD 27,778
34.9%
19
Netherlands
CAD 26,853
37.1%
20
Portugal
CAD 26,665
37.5%
21
Romania
CAD 24,963
41.5%
22
Belgium
CAD 23,601
44.7%
23
Show more
North America
Country 
Net pay
Average tax
Rank
USA
CAD 34,887
18.2%
1
Canada
CAD 31,535
26.1%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 39,878
6.6%
1
Taiwan
CAD 38,031
10.9%
2
Thailand
CAD 37,149
12.9%
3
Australia
CAD 36,658
14.1%
4
South Korea
CAD 35,399
17.0%
5
New Zealand
CAD 35,072
17.8%
6
Kazakhstan
CAD 34,200
19.9%
7
Indonesia
CAD 33,775
20.9%
8
Pakistan
CAD 33,530
21.4%
9
Singapore
CAD 33,505
21.5%
10
Japan
CAD 33,033
22.6%
11
Malaysia
CAD 32,782
23.2%
12
Philippines
CAD 31,820
25.4%
13
Vietnam
CAD 30,600
28.3%
14
China
CAD 28,749
32.6%
15
India
CAD 27,464
35.6%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 38,580
9.6%
1
Puerto Rico
CAD 37,403
12.4%
2
Costa Rica
CAD 37,191
12.8%
3
Ecuador
CAD 36,048
15.5%
4
Panama
CAD 34,582
19.0%
5
Colombia
CAD 34,542
19.1%
6
Chile
CAD 34,098
20.1%
7
Mexico
CAD 32,631
23.5%
8
Peru
CAD 32,523
23.8%
9
Brazil
CAD 31,720
25.7%
10
Uruguay
CAD 30,825
27.8%
11
Argentina
CAD 27,727
35.0%
12
Show more
Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 33,066
22.5%
1
Angola
CAD 31,285
26.7%
2
Mozambique
CAD 30,817
27.8%
3
Kenya
CAD 30,576
28.4%
4
Ghana
CAD 29,617
30.6%
5
Ivory Coast
CAD 29,394
31.1%
6
Nigeria
CAD 29,199
31.6%
7
Morocco
CAD 29,006
32.0%
8
Uganda
CAD 28,146
34.0%
9
Cameroon
CAD 27,698
35.1%
10
Senegal
CAD 27,197
36.3%
11
Zambia
CAD 26,650
37.6%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 40,538
5.0%
1
Qatar
CAD 40,538
5.0%
2
Bahrain
CAD 39,258
8.0%
3
Oman
CAD 39,258
8.0%
4
Saudi Arabia
CAD 38,405
10.0%
5
Kuwait
CAD 37,978
11.0%
6
Israel
CAD 35,505
16.8%
7
Egypt
CAD 32,389
24.1%
8
Lebanon
CAD 32,268
24.4%
9
Turkey
CAD 25,120
41.1%
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.