Income tax calculator Northwest Territories

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$42,000
Federal tax deduction
- $5,678
Provincial tax deduction
- $2,309
CPP deduction
- $2,195
EI deduction
- $664
Total tax
- $10,846
Net pay
* $31,154
Marginal tax rate
26.7%
Average tax rate
25.8%
74.2%
Net pay
25.8%
Total tax
Total tax
Net pay
The Taxberg
$31,154
Net pay
$3,124
Tax the employer pays
$10,846
Tax you pay
Total tax paid
$13,969
Did you know your employer also pays tax on your salary? It costs the employer $3,124 to pay you $42,000. In other words, every time you spend $10 of your hard-earned money, $3.33 goes to the government.
Real tax rate
31.0%
So, with you and the employer both paying tax, what used to be a 25.8% tax rate now rises to 31.0%, meaning your real tax rate is actually 5.2% higher than what it seemed at first.
People also ask
$42,000 yearly is how much per hour?
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What is the average salary in Canada?
Summary
If you make $42,000 a year living in the region of Northwest Territories, Canada, you will be taxed $10,846. That means that your net pay will be $31,154 per year, or $2,596 per month. Your average tax rate is 25.8% and your marginal tax rate is 26.7%. 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 $26.66, hence, your net pay will only increase by $73.34.
Bonus Example
A $1,000 bonus will generate an extra $733 of net incomes. A $5,000 bonus will generate an extra $3,667 of net incomes.
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 31,898
24.1%
1
British Columbia
CAD 31,463
25.1%
2
Northwest Territories
CAD 31,154
25.8%
3
Ontario
CAD 31,037
26.1%
4
Yukon
CAD 31,041
26.1%
5
Quebec
CAD 30,514
27.3%
6
Newfoundland and Labrador
CAD 29,893
28.8%
7
New Brunswick
CAD 29,782
29.1%
8
Alberta
CAD 29,549
29.6%
9
Saskatchewan
CAD 29,354
30.1%
10
Nova Scotia
CAD 29,259
30.3%
11
Prince Edward Island
CAD 29,227
30.4%
12
Manitoba
CAD 29,088
30.7%
13
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Europe
Country 
Net pay
Average tax
Rank
Switzerland
CAD 37,289
11.2%
1
Russia
CAD 36,540
13.0%
2
Ireland
CAD 36,132
14.0%
3
United Kingdom
CAD 35,520
15.4%
4
France
CAD 35,263
16.0%
5
Hungary
CAD 34,230
18.5%
6
Ukraine
CAD 33,810
19.5%
7
Norway
CAD 33,581
20.1%
8
Luxembourg
CAD 33,312
20.7%
9
Czech Republic
CAD 32,883
21.7%
10
Spain
CAD 32,709
22.1%
11
Austria
CAD 32,363
23.0%
12
Sweden
CAD 29,943
28.7%
13
Greece
CAD 29,679
29.3%
14
Germany
CAD 29,259
30.3%
15
Italy
CAD 28,852
31.3%
16
Poland
CAD 28,555
32.0%
17
Denmark
CAD 28,222
32.8%
18
Finland
CAD 27,381
34.8%
19
Netherlands
CAD 26,430
37.1%
20
Portugal
CAD 26,315
37.3%
21
Romania
CAD 24,570
41.5%
22
Belgium
CAD 23,398
44.3%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 34,390
18.1%
1
Canada
CAD 31,037
26.1%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 39,286
6.5%
1
Taiwan
CAD 37,450
10.8%
2
Thailand
CAD 36,639
12.8%
3
Australia
CAD 36,218
13.8%
4
South Korea
CAD 34,877
17.0%
5
New Zealand
CAD 34,611
17.6%
6
Kazakhstan
CAD 33,655
19.9%
7
Indonesia
CAD 33,286
20.8%
8
Pakistan
CAD 33,077
21.3%
9
Singapore
CAD 33,015
21.4%
10
Japan
CAD 32,575
22.4%
11
Malaysia
CAD 32,349
23.0%
12
Philippines
CAD 31,367
25.3%
13
Vietnam
CAD 30,179
28.1%
14
China
CAD 28,332
32.5%
15
India
CAD 27,082
35.5%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 37,973
9.6%
1
Puerto Rico
CAD 36,876
12.2%
2
Costa Rica
CAD 36,650
12.7%
3
Ecuador
CAD 35,531
15.4%
4
Panama
CAD 34,073
18.9%
5
Colombia
CAD 34,072
18.9%
6
Chile
CAD 33,588
20.0%
7
Mexico
CAD 32,179
23.4%
8
Peru
CAD 32,034
23.7%
9
Brazil
CAD 31,232
25.6%
10
Uruguay
CAD 30,338
27.8%
11
Argentina
CAD 27,290
35.0%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 32,636
22.3%
1
Angola
CAD 30,796
26.7%
2
Mozambique
CAD 30,381
27.7%
3
Kenya
CAD 30,106
28.3%
4
Ghana
CAD 29,172
30.5%
5
Ivory Coast
CAD 28,978
31.0%
6
Nigeria
CAD 28,742
31.6%
7
Morocco
CAD 28,599
31.9%
8
Uganda
CAD 27,710
34.0%
9
Cameroon
CAD 27,288
35.0%
10
Senegal
CAD 26,793
36.2%
11
Zambia
CAD 26,237
37.5%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 39,900
5.0%
1
Qatar
CAD 39,900
5.0%
2
Bahrain
CAD 38,640
8.0%
3
Oman
CAD 38,640
8.0%
4
Saudi Arabia
CAD 37,800
10.0%
5
Kuwait
CAD 37,380
11.0%
6
Israel
CAD 35,005
16.7%
7
Egypt
CAD 31,885
24.1%
8
Lebanon
CAD 31,764
24.4%
9
Turkey
CAD 24,728
41.1%
10
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NOTE* Withholding is calculated based on the Northwest Territories 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.