Income tax calculator New Brunswick

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$42,692
Federal tax deduction
- $5,774
Provincial tax deduction
- $3,743
CPP deduction
- $2,234
EI deduction
- $675
Total tax
- $12,426
Net pay
* $30,266
Marginal tax rate
30.0%
Average tax rate
29.1%
70.9%
Net pay
29.1%
Total tax
Total tax
Net pay
The Taxberg
$30,266
Net pay
$3,178
Tax the employer pays
$12,426
Tax you pay
Total tax paid
$15,604
Did you know your employer also pays tax on your salary? It costs the employer $3,178 to pay you $42,692. In other words, every time you spend $10 of your hard-earned money, $3.66 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
$42,692 yearly is how much per hour?
$21.89 hourly is how much per year?
What is the average salary in Canada?
Summary
If you make $42,692 a year living in the region of New Brunswick, Canada, you will be taxed $12,426. That means that your net pay will be $30,266 per year, or $2,522 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 32,418
24.1%
1
British Columbia
CAD 31,969
25.1%
2
Northwest Territories
CAD 31,662
25.8%
3
Ontario
CAD 31,550
26.1%
4
Yukon
CAD 31,545
26.1%
5
Quebec
CAD 30,968
27.5%
6
Newfoundland and Labrador
CAD 30,343
28.9%
7
New Brunswick
CAD 30,266
29.1%
8
Alberta
CAD 30,031
29.7%
9
Saskatchewan
CAD 29,832
30.1%
10
Nova Scotia
CAD 29,705
30.4%
11
Prince Edward Island
CAD 29,682
30.5%
12
Manitoba
CAD 29,551
30.8%
13
Show more
North America
Country 
Net pay
Average tax
Rank
USA
CAD 34,902
18.3%
1
Canada
CAD 31,550
26.1%
2
Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 33,078
22.5%
1
Angola
CAD 31,300
26.7%
2
Mozambique
CAD 30,830
27.8%
3
Kenya
CAD 30,590
28.4%
4
Ghana
CAD 29,630
30.6%
5
Ivory Coast
CAD 29,406
31.1%
6
Nigeria
CAD 29,212
31.6%
7
Morocco
CAD 29,019
32.0%
8
Uganda
CAD 28,159
34.0%
9
Cameroon
CAD 27,710
35.1%
10
Senegal
CAD 27,209
36.3%
11
Zambia
CAD 26,662
37.6%
12
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.