Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$43,000
Federal tax deduction
- $5,817
Provincial tax deduction
- $2,364
CPP deduction
- $2,252
EI deduction
- $679
Total tax
- $11,112
Net pay
* $31,888
Marginal tax rate
26.7%
Average tax rate
25.8%
74.2%
Net pay
25.8%
Total tax
Total tax
Net pay
The Taxberg
$31,888
Net pay
$3,203
Tax the employer pays
$11,112
Tax you pay
Total tax paid
$14,315
Did you know your employer also pays tax on your salary? It costs the employer $3,203 to pay you $43,000. 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.
Summary
If you make $43,000 a year living in the region of Northwest Territories, Canada, you will be taxed $11,112. That means that your net pay will be $31,888 per year, or $2,657 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.
Tax per region
Region
Net pay
Average tax
Rank
Nunavut
CAD 32,649
24.1%
1
British Columbia
CAD 32,194
25.1%
2
Northwest Territories
CAD 31,888
25.8%
3
Ontario
CAD 31,778
26.1%
4
Yukon
CAD 31,770
26.1%
5
Quebec
CAD 31,170
27.5%
6
Newfoundland and Labrador
CAD 30,543
29.0%
7
New Brunswick
CAD 30,482
29.1%
8
Alberta
CAD 30,245
29.7%
9
Saskatchewan
CAD 30,045
30.1%
10
Nova Scotia
CAD 29,904
30.5%
11
Prince Edward Island
CAD 29,884
30.5%
12
Manitoba
CAD 29,757
30.8%
13
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Europe
Country 
Net pay
Average tax
Rank
Switzerland
CAD 38,115
11.4%
1
Russia
CAD 37,410
13.0%
2
Ireland
CAD 36,847
14.3%
3
United Kingdom
CAD 36,188
15.8%
4
France
CAD 36,032
16.2%
5
Hungary
CAD 35,045
18.5%
6
Ukraine
CAD 34,615
19.5%
7
Norway
CAD 34,241
20.4%
8
Luxembourg
CAD 33,973
21.0%
9
Czech Republic
CAD 33,623
21.8%
10
Spain
CAD 33,365
22.4%
11
Austria
CAD 32,884
23.5%
12
Sweden
CAD 30,613
28.8%
13
Greece
CAD 30,297
29.5%
14
Germany
CAD 29,820
30.7%
15
Italy
CAD 29,276
31.9%
16
Poland
CAD 29,194
32.1%
17
Denmark
CAD 28,907
32.8%
18
Finland
CAD 27,972
35.0%
19
Netherlands
CAD 27,060
37.1%
20
Portugal
CAD 26,836
37.6%
21
Romania
CAD 25,155
41.5%
22
Belgium
CAD 23,700
44.9%
23
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North America
Country 
Net pay
Average tax
Rank
USA
CAD 35,130
18.3%
1
Canada
CAD 31,778
26.1%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 40,161
6.6%
1
Taiwan
CAD 38,315
10.9%
2
Thailand
CAD 37,395
13.0%
3
Australia
CAD 36,873
14.3%
4
South Korea
CAD 35,653
17.1%
5
New Zealand
CAD 35,297
17.9%
6
Kazakhstan
CAD 34,465
19.9%
7
Indonesia
CAD 34,014
20.9%
8
Pakistan
CAD 33,752
21.5%
9
Singapore
CAD 33,743
21.5%
10
Japan
CAD 33,256
22.7%
11
Malaysia
CAD 32,994
23.3%
12
Philippines
CAD 32,042
25.5%
13
Vietnam
CAD 30,806
28.4%
14
China
CAD 28,952
32.7%
15
India
CAD 27,650
35.7%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 38,877
9.6%
1
Puerto Rico
CAD 37,660
12.4%
2
Costa Rica
CAD 37,456
12.9%
3
Ecuador
CAD 36,300
15.6%
4
Panama
CAD 34,830
19.0%
5
Colombia
CAD 34,772
19.1%
6
Chile
CAD 34,346
20.1%
7
Mexico
CAD 32,851
23.6%
8
Peru
CAD 32,762
23.8%
9
Brazil
CAD 31,957
25.7%
10
Uruguay
CAD 31,062
27.8%
11
Argentina
CAD 27,940
35.0%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 33,276
22.6%
1
Angola
CAD 31,524
26.7%
2
Mozambique
CAD 31,031
27.8%
3
Kenya
CAD 30,806
28.4%
4
Ghana
CAD 29,834
30.6%
5
Ivory Coast
CAD 29,597
31.2%
6
Nigeria
CAD 29,422
31.6%
7
Morocco
CAD 29,205
32.1%
8
Uganda
CAD 28,360
34.1%
9
Cameroon
CAD 27,897
35.1%
10
Senegal
CAD 27,393
36.3%
11
Zambia
CAD 26,852
37.6%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 40,850
5.0%
1
Qatar
CAD 40,850
5.0%
2
Bahrain
CAD 39,560
8.0%
3
Oman
CAD 39,560
8.0%
4
Saudi Arabia
CAD 38,700
10.0%
5
Kuwait
CAD 38,270
11.0%
6
Israel
CAD 35,742
16.9%
7
Egypt
CAD 32,635
24.1%
8
Lebanon
CAD 32,514
24.4%
9
Turkey
CAD 25,311
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.