Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$67,373
Federal tax deduction
- $10,190
Provincial tax deduction
- $7,111
CPP deduction
- $3,500
EI deduction
- $953
Total tax
- $21,753
Net pay
* $45,620
Marginal tax rate
35.0%
Average tax rate
32.3%
67.7%
Net pay
32.3%
Total tax
Total tax
Net pay
The Taxberg
$45,620
Net pay
$4,834
Tax the employer pays
$21,753
Tax you pay
Total tax paid
$26,586
Did you know your employer also pays tax on your salary? It costs the employer $4,834 to pay you $67,373. In other words, every time you spend $10 of your hard-earned money, $3.95 goes to the government.
Real tax rate
36.8%
So, with you and the employer both paying tax, what used to be a 32.3% tax rate now rises to 36.8%, meaning your real tax rate is actually 4.5% higher than what it seemed at first.
Summary
If you make $67,373 a year living in the region of Newfoundland and Labrador, Canada, you will be taxed $21,753. That means that your net pay will be $45,620 per year, or $3,802 per month. Your average tax rate is 32.3% and your marginal tax rate is 35.0%. 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 $35, hence, your net pay will only increase by $65.
Bonus Example
A $1,000 bonus will generate an extra $650 of net incomes. A $5,000 bonus will generate an extra $3,250 of net incomes.
Tax per region
Region
Net pay
Average tax
Rank
Nunavut
CAD 49,629
26.3%
1
British Columbia
CAD 48,906
27.4%
2
Northwest Territories
CAD 48,427
28.1%
3
Yukon
CAD 48,340
28.3%
4
Ontario
CAD 48,086
28.6%
5
Alberta
CAD 46,439
31.1%
6
Saskatchewan
CAD 45,712
32.2%
7
New Brunswick
CAD 45,598
32.3%
8
Newfoundland and Labrador
CAD 45,620
32.3%
9
Quebec
CAD 45,588
32.3%
10
Manitoba
CAD 45,293
32.8%
11
Prince Edward Island
CAD 45,050
33.1%
12
Nova Scotia
CAD 44,732
33.6%
13
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Europe
Country 
Net pay
Average tax
Rank
Russia
CAD 58,615
13.0%
1
Switzerland
CAD 57,150
15.2%
2
Hungary
CAD 54,909
18.5%
3
Ukraine
CAD 54,235
19.5%
4
United Kingdom
CAD 52,457
22.1%
5
Ireland
CAD 51,717
23.2%
6
France
CAD 51,664
23.3%
7
Czech Republic
CAD 51,659
23.3%
8
Norway
CAD 50,327
25.3%
9
Spain
CAD 48,714
27.7%
10
Luxembourg
CAD 47,501
29.5%
11
Sweden
CAD 47,000
30.2%
12
Austria
CAD 46,624
30.8%
13
Denmark
CAD 45,386
32.6%
14
Greece
CAD 44,270
34.3%
15
Germany
CAD 42,744
36.6%
16
Poland
CAD 42,622
36.7%
17
Netherlands
CAD 42,399
37.1%
18
Finland
CAD 40,471
39.9%
19
Italy
CAD 39,917
40.8%
20
Romania
CAD 39,413
41.5%
21
Portugal
CAD 38,507
42.8%
22
Belgium
CAD 32,764
51.4%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 53,163
21.1%
1
Canada
CAD 48,086
28.6%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 60,509
10.2%
1
Taiwan
CAD 58,328
13.4%
2
Thailand
CAD 55,675
17.4%
3
South Korea
CAD 54,266
19.5%
4
Kazakhstan
CAD 54,207
19.5%
5
Australia
CAD 52,838
21.6%
6
New Zealand
CAD 51,741
23.2%
7
Singapore
CAD 51,533
23.5%
8
Indonesia
CAD 50,687
24.8%
9
Pakistan
CAD 50,025
25.8%
10
Japan
CAD 49,866
26.0%
11
Malaysia
CAD 48,832
27.5%
12
Philippines
CAD 48,037
28.7%
13
Vietnam
CAD 46,080
31.6%
14
China
CAD 44,265
34.3%
15
India
CAD 41,494
38.4%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 60,713
9.9%
1
Puerto Rico
CAD 56,256
16.5%
2
Costa Rica
CAD 56,143
16.7%
3
Chile
CAD 55,584
17.5%
4
Ecuador
CAD 53,597
20.5%
5
Panama
CAD 53,268
20.9%
6
Colombia
CAD 51,592
23.4%
7
Peru
CAD 50,442
25.1%
8
Brazil
CAD 49,628
26.3%
9
Mexico
CAD 49,215
27.0%
10
Uruguay
CAD 45,982
31.8%
11
Argentina
CAD 43,783
35.0%
12
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Africa
Country 
Net pay
Average tax
Rank
Angola
CAD 49,255
26.9%
1
South Africa
CAD 48,257
28.4%
2
Kenya
CAD 47,867
29.0%
3
Mozambique
CAD 46,873
30.4%
4
Nigeria
CAD 46,000
31.7%
5
Ghana
CAD 45,957
31.8%
6
Ivory Coast
CAD 44,692
33.7%
7
Morocco
CAD 43,975
34.7%
8
Cameroon
CAD 42,737
36.6%
9
Uganda
CAD 42,032
37.6%
10
Senegal
CAD 42,017
37.6%
11
Zambia
CAD 41,841
37.9%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 64,004
5.0%
1
Qatar
CAD 64,004
5.0%
2
Bahrain
CAD 61,983
8.0%
3
Oman
CAD 61,983
8.0%
4
Saudi Arabia
CAD 60,636
10.0%
5
Kuwait
CAD 59,962
11.0%
6
Israel
CAD 52,976
21.4%
7
Egypt
CAD 50,915
24.4%
8
Lebanon
CAD 50,793
24.6%
9
Turkey
CAD 39,506
41.4%
10
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NOTE* Withholding is calculated based on the Newfoundland and Labrador 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.